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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
+4.8%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.89B
AUM Growth
-$120M
Cap. Flow
-$187M
Cap. Flow %
-9.87%
Top 10 Hldgs %
7.19%
Holding
1,702
New
25
Increased
615
Reduced
884
Closed
22

Top Buys

Rank Stock Value
1
HEP
Holly Energy Partners, L.P.
HEP
+$2.88M
2
DM
Dominion Energy Midstream Ptr LP
DM
+$2.77M
3
DD icon
DuPont de Nemours
DD
+$1.59M
4
KNX icon
Knight Transportation
KNX
+$1.46M
5
BTI icon
British American Tobacco
BTI
+$1.46M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$5.71M
2
RAI
Reynolds American Inc
RAI
+$4.54M
3
PMC
PharMerica Corporation
PMC
+$3.97M
4
RMD icon
ResMed
RMD
+$3.91M
5
MSFT icon
Microsoft
MSFT
+$3.88M

Sector Composition

Rank Sector Weight
1 Financials 15.82%
2 Industrials 14.57%
3 Technology 13.4%
4 Healthcare 11.44%
5 Consumer Discretionary 9.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
501
Micron Technology
MU
$1.07T
$1.13M 0.06%
28,780
-4,400
-13% -$139K
FSLR icon
502
First Solar
FSLR
$24B
$1.13M 0.06%
24,630
-5,560
-18% -$258K
RYN icon
503
Rayonier
RYN
$6.54B
$1.13M 0.06%
42,976
-11,838
-22% -$308K
TCF
504
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.13M 0.06%
21,520
-5,930
-22% -$283K
CLD
505
DELISTED
Cloud Peak Energy Inc
CLD
$1.13M 0.06%
307,340
+10,460
+4% +$35K
OMN
506
DELISTED
OMNOVA Solutions Inc.
OMN
$1.12M 0.06%
102,640
– –
FFIN icon
507
First Financial Bankshares
FFIN
$5.04B
$1.12M 0.06%
49,620
+18,400
+59% +$385K
SWX icon
508
Southwest Gas
SWX
$6.67B
$1.12M 0.06%
14,390
-3,970
-22% -$314K
SNX icon
509
TD Synnex
SNX
$20.4B
$1.12M 0.06%
17,640
-4,860
-22% -$287K
BKH icon
510
Black Hills Corp
BKH
$5.64B
$1.11M 0.06%
16,170
-4,470
-22% -$310K
NEOG icon
511
Neogen
NEOG
$2.59B
$1.11M 0.06%
38,347
+14,320
+60% +$368K
DLR icon
512
Digital Realty Trust
DLR
$73.1B
$1.11M 0.06%
9,390
– –
ASB icon
513
Associated Banc-Corp
ASB
$6.07B
$1.11M 0.06%
45,770
-13,030
-22% -$303K
MRSH
514
Marsh
MRSH
$90B
$1.11M 0.06%
13,240
-3,340
-20% -$265K
GBCI icon
515
Glacier Bancorp
GBCI
$6.48B
$1.11M 0.06%
29,360
+11,290
+62% +$391K
VNO icon
516
Vornado Realty Trust
VNO
$7.41B
$1.11M 0.06%
14,410
-4,776
-25% -$364K
PRI icon
517
Primerica
PRI
$9.62B
$1.11M 0.06%
13,580
-3,820
-22% -$298K
SF
518
Stifel
SF
$12.9B
$1.1M 0.06%
46,485
-12,960
-22% -$281K
ADM icon
519
Archer Daniels Midland
ADM
$38.6B
$1.1M 0.06%
25,930
-4,130
-14% -$174K
NJR icon
520
New Jersey Resources
NJR
$5.64B
$1.1M 0.06%
26,170
-7,200
-22% -$304K
CBRL icon
521
Cracker Barrel
CBRL
$1.31B
$1.1M 0.06%
7,270
-2,010
-22% -$307K
DHI icon
522
D.R. Horton
DHI
$41.9B
$1.1M 0.06%
27,600
-2,070
-7% -$75.4K
EMN icon
523
Eastman Chemical
EMN
$8.43B
$1.1M 0.06%
12,170
-960
-7% -$81.7K
HE icon
524
Hawaiian Electric Industries
HE
$2.04B
$1.1M 0.06%
32,900
-9,080
-22% -$300K
PRA
525
DELISTED
ProAssurance
PRA
$1.09M 0.06%
20,040
+7,420
+59% +$420K
19 20
21
22 23

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VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
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PVI
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Municipal Employees' Retirement System of Michigan's Q3 2017 Portfolio in Review

As of Q3 2017, Municipal Employees' Retirement System of Michigan held 1,702 positions worth $1.89B, down 6% from $2.01B the previous quarter. Its ten largest holdings account for 7.2% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $187M in Q3 2017, closing 22 positions and reducing 884 holdings. Its most notable exit was Reynolds American Inc, an estimated $4.54M 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 Holly Energy Partners, L.P. worth $2.89M.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2017 buy was Holly Energy Partners, L.P.: 86,570 shares worth $2.89M.
  • Municipal Employees' Retirement System of Michigan added most to DuPont de Nemours in Q3 2017, an estimated $1.59M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2017 reduction was Apple, cutting an estimated $5.71M.
  • Municipal Employees' Retirement System of Michigan fully exited Reynolds American Inc in Q3 2017, selling an estimated $4.54M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.2% of its $1.89B portfolio in Q3 2017.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 22 in Q3 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 6% quarter-over-quarter to $1.89B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2017, filed 6 Nov 2017.