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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
+2.38%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.01B
AUM Growth
-$109M
Cap. Flow
-$140M
Cap. Flow %
-6.96%
Top 10 Hldgs %
7.76%
Holding
1,778
New
98
Increased
613
Reduced
720
Closed
101

Top Buys

Rank Stock Value
1
RMP
Rice Midstream Partners LP
RMP
+$3.8M
2
STC icon
Stewart Information Services
STC
+$3.43M
3
BA icon
Boeing
BA
+$2.82M
4
RAI
Reynolds American Inc
RAI
+$2.82M
5
CHTR icon
Charter Communications
CHTR
+$2.77M

Top Sells

Rank Stock Value
1
WWAV
The WhiteWave Foods Company
WWAV
+$4.61M
2
CSC
Computer Sciences
CSC
+$4.5M
3
ARE icon
Alexandria Real Estate Equities
ARE
+$4.45M
4
ANSS
Ansys
ANSS
+$4.4M
5
ALGN icon
Align Technology
ALGN
+$4.37M

Sector Composition

Rank Sector Weight
1 Financials 15.68%
2 Industrials 13.88%
3 Technology 13.58%
4 Healthcare 11.48%
5 Consumer Discretionary 10.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
26
Verizon
VZ
$195B
$8.48M 0.42%
189,870
+9,400
+5% +$438K
PEP icon
27
PepsiCo
PEP
$189B
$8.24M 0.41%
71,350
+1,590
+2% +$182K
ORCL icon
28
Oracle
ORCL
$442B
$8.05M 0.4%
160,560
-610
-0.4% -$27.8K
INTC icon
29
Intel
INTC
$509B
$7.76M 0.39%
230,140
+10,500
+5% +$376K
CSCO icon
30
Cisco
CSCO
$488B
$7.73M 0.38%
247,100
+5,250
+2% +$171K
DIS icon
31
Walt Disney
DIS
$178B
$7.63M 0.38%
71,760
-2,720
-4% -$298K
MO icon
32
Altria Group
MO
$107B
$7.54M 0.38%
101,220
-2,120
-2% -$155K
MCD icon
33
McDonald's
MCD
$195B
$7.33M 0.36%
47,840
-910
-2% -$132K
MMM icon
34
3M
MMM
$94.8B
$7.06M 0.35%
40,580
+299
+0.7% +$50K
AMGN icon
35
Amgen
AMGN
$225B
$7.05M 0.35%
40,920
+1,950
+5% +$317K
MDT icon
36
Medtronic
MDT
$116B
$7M 0.35%
78,830
+5,290
+7% +$446K
ABBV icon
37
AbbVie
ABBV
$440B
$6.92M 0.34%
95,440
+3,280
+4% +$221K
IBM icon
38
IBM
IBM
$222B
$6.75M 0.34%
45,930
– –
MA icon
39
Mastercard
MA
$490B
$6.72M 0.33%
55,320
-130
-0.2% -$15.4K
BA icon
40
Boeing
BA
$183B
$6.68M 0.33%
33,790
+15,170
+81% +$2.82M
WMT icon
41
Walmart Inc
WMT
$923B
$6.53M 0.32%
258,660
+8,430
+3% +$214K
HON icon
42
Honeywell
HON
$74.6B
$6.27M 0.31%
52,084
+730
+1% +$86.1K
CELG
43
DELISTED
Celgene Corp
CELG
$6.18M 0.31%
47,570
+20,050
+73% +$2.46M
RTX icon
44
RTX Corp
RTX
$300B
$5.95M 0.3%
77,416
-1,367
-2% -$102K
GS icon
45
Goldman Sachs
GS
$302B
$5.34M 0.27%
24,050
+5,840
+32% +$1.3M
SLB icon
46
SLB Ltd
SLB
$78.1B
$5.24M 0.26%
79,542
+2,760
+4% +$198K
LLY icon
47
Eli Lilly
LLY
$1.09T
$5.22M 0.26%
63,470
+1,050
+2% +$85.7K
CHTR icon
48
Charter Communications
CHTR
$17.9B
$5.15M 0.26%
15,300
+8,310
+119% +$2.77M
WBA
49
DELISTED
Walgreens Boots Alliance
WBA
$4.78M 0.24%
60,990
+2,410
+4% +$198K
RAI
50
DELISTED
Reynolds American Inc
RAI
$4.54M 0.23%
69,826
+43,140
+162% +$2.82M
1
2
3 4 5

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q2 2017 Portfolio in Review

As of Q2 2017, Municipal Employees' Retirement System of Michigan held 1,778 positions worth $2.01B, down 5.1% from $2.12B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $140M in Q2 2017, closing 101 positions and reducing 720 holdings. Its most notable exit was The WhiteWave Foods Company, an estimated $4.61M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Industrials and Technology.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Rice Midstream Partners LP worth $3.16M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2017 buy was Rice Midstream Partners LP: 158,490 shares worth $3.16M.
  • Municipal Employees' Retirement System of Michigan added most to Stewart Information Services in Q2 2017, an estimated $3.43M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2017 reduction was Alexandria Real Estate Equities, cutting an estimated $4.45M.
  • Municipal Employees' Retirement System of Michigan fully exited The WhiteWave Foods Company in Q2 2017, selling an estimated $4.61M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.8% of its $2.01B portfolio in Q2 2017.
  • Municipal Employees' Retirement System of Michigan opened 98 new positions and closed 101 in Q2 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 5.1% quarter-over-quarter to $2.01B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2017, filed 26 Jul 2017.