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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
APTV icon
526
Aptiv
APTV
$10B
$1.19M 0.06%
13,570
– –
JACK icon
527
Jack in the Box
JACK
$360M
$1.19M 0.06%
12,050
-2,860
-19% -$295K
SWN
528
DELISTED
Southwestern Energy Company
SWN
$1.19M 0.06%
195,270
+179,480
+1,137% +$1.24M
CAB
529
DELISTED
Cabela's Inc
CAB
$1.19M 0.06%
19,950
-3,850
-16% -$213K
ELMD icon
530
Electromed
ELMD
$356M
$1.18M 0.06%
213,630
-25,830
-11% -$125K
TXNM
531
TXNM Energy Inc
TXNM
$5.91B
$1.18M 0.06%
30,750
-6,160
-17% -$234K
PSX icon
532
Phillips 66
PSX
$92.1B
$1.17M 0.06%
14,200
-7,770
-35% -$610K
SYF icon
533
Synchrony
SYF
$26B
$1.17M 0.06%
39,290
+13,770
+54% +$408K
IVZ icon
534
Invesco
IVZ
$14.2B
$1.17M 0.06%
33,200
+4,920
+17% +$160K
KMT icon
535
Kennametal
KMT
$2.33B
$1.16M 0.06%
31,090
-5,650
-15% -$221K
MPC icon
536
Marathon Petroleum
MPC
$99.5B
$1.16M 0.06%
22,230
+1,020
+5% +$52.7K
ISRG icon
537
Intuitive Surgical
ISRG
$142B
$1.16M 0.06%
11,160
– –
SAIC icon
538
Saic
SAIC
$5.35B
$1.16M 0.06%
16,710
-3,910
-19% -$287K
TWI icon
539
Titan International
TWI
$446M
$1.16M 0.06%
96,200
+86,320
+874% +$931K
AHL
540
DELISTED
ASPEN Insurance Holding Limited
AHL
$1.16M 0.06%
23,160
-4,750
-17% -$241K
DE icon
541
Deere & Co
DE
$166B
$1.15M 0.06%
9,330
– –
HUM icon
542
Humana
HUM
$46.1B
$1.15M 0.06%
4,790
– –
TAP icon
543
Molson Coors Class B
TAP
$7.85B
$1.15M 0.06%
13,310
+1,220
+10% +$113K
LNCE
544
DELISTED
Snyders-Lance, Inc.
LNCE
$1.15M 0.06%
33,200
-6,170
-16% -$225K
WAFD icon
545
WaFd
WAFD
$2.8B
$1.15M 0.06%
34,520
-6,760
-16% -$224K
AMCX icon
546
AMC Global Media
AMCX
$496M
$1.14M 0.06%
21,420
-5,890
-22% -$329K
MOH icon
547
Molina Healthcare
MOH
$10.7B
$1.14M 0.06%
16,500
-3,020
-15% -$185K
NWE icon
548
NorthWestern Energy
NWE
$4.39B
$1.14M 0.06%
18,700
-3,700
-17% -$226K
WEN icon
549
Wendy's
WEN
$1.64B
$1.14M 0.06%
73,320
-19,590
-21% -$297K
ETN icon
550
Eaton
ETN
$177B
$1.14M 0.06%
14,590
-9,830
-40% -$749K
20 21
22
23 24

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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.