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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
VTR icon
526
Ventas
VTR
$46.3B
$1.09M 0.06%
16,780
-2,230
-12% -$150K
FR icon
527
First Industrial Realty Trust
FR
$8.4B
$1.09M 0.06%
36,250
-9,020
-20% -$273K
SCLN
528
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
$1.09M 0.06%
97,450
+7,270
+8% +$80.2K
LAD icon
529
Lithia Motors
LAD
$8.32B
$1.09M 0.06%
9,040
+3,400
+60% +$356K
LCII icon
530
LCI Industries
LCII
$2.6B
$1.08M 0.06%
9,340
+3,450
+59% +$352K
TXT icon
531
Textron
TXT
$15.1B
$1.08M 0.06%
20,070
-1,760
-8% -$87.4K
NI icon
532
NiSource
NI
$20.2B
$1.08M 0.06%
42,240
-1,920
-4% -$50.5K
VMI icon
533
Valmont Industries
VMI
$9.5B
$1.08M 0.06%
6,830
-1,890
-22% -$285K
ZD icon
534
Ziff Davis
ZD
$1.92B
$1.08M 0.06%
16,813
-4,577
-21% -$310K
MYE icon
535
Myers Industries
MYE
$1.25B
$1.08M 0.06%
51,440
+3,050
+6% +$56K
BOH icon
536
Bank of Hawaii
BOH
$3.15B
$1.07M 0.06%
12,900
-3,590
-22% -$291K
TGNA
537
DELISTED
TEGNA Inc
TGNA
$1.07M 0.06%
80,660
-17,820
-18% -$239K
IVZ icon
538
Invesco
IVZ
$14.3B
$1.07M 0.06%
30,650
-2,550
-8% -$87.1K
KMB icon
539
Kimberly-Clark
KMB
$36.8B
$1.07M 0.06%
9,130
-2,410
-21% -$294K
NWL icon
540
Newell Brands
NWL
$2.63B
$1.07M 0.06%
25,180
-2,850
-10% -$139K
JNP
541
DELISTED
Juniper Pharmaceuticals, Inc. Common Stock
JNP
$1.07M 0.06%
236,040
– –
IDTI
542
DELISTED
Integrated Device Technology I
IDTI
$1.07M 0.06%
40,360
-10,430
-21% -$265K
KEX icon
543
Kirby Corp
KEX
$7.26B
$1.07M 0.06%
16,250
-4,600
-22% -$292K
LGND icon
544
Ligand Pharmaceuticals
LGND
$5.76B
$1.07M 0.06%
12,616
+5,435
+76% +$430K
XL
545
DELISTED
XL Group Ltd.
XL
$1.07M 0.06%
27,090
-2,110
-7% -$90.1K
DLX icon
546
Deluxe
DLX
$1.11B
$1.07M 0.06%
14,620
-4,100
-22% -$286K
RRX icon
547
Regal Rexnord
RRX
$11.4B
$1.07M 0.06%
13,490
-3,810
-22% -$304K
ONB icon
548
Old National Bancorp
ONB
$10.4B
$1.06M 0.06%
58,080
+18,880
+48% +$316K
CNX icon
549
CNX Resources
CNX
$5.23B
$1.06M 0.06%
75,144
-5,568
-7% -$71.5K
K
550
DELISTED
Kellanova
K
$1.06M 0.06%
18,030
-1,790
-9% -$113K
20 21
22
23 24

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SFM
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AI
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PEA
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SUT
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WPL
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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.