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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
SJI
576
DELISTED
South Jersey Industries, Inc.
SJI
$1.03M 0.05%
29,820
+11,060
+59% +$384K
CRUS icon
577
Cirrus Logic
CRUS
$6.08B
$1.03M 0.05%
19,300
-5,560
-22% -$325K
CVLG icon
578
Covenant Logistics
CVLG
$880M
$1.03M 0.05%
70,960
– –
SLAB icon
579
Silicon Laboratories
SLAB
$7.28B
$1.03M 0.05%
12,870
-3,480
-21% -$259K
SYF icon
580
Synchrony
SYF
$26.1B
$1.03M 0.05%
33,080
-6,210
-16% -$186K
MPC icon
581
Marathon Petroleum
MPC
$100B
$1.03M 0.05%
18,280
-3,950
-18% -$212K
CABO icon
582
Cable One
CABO
$206M
$1.02M 0.05%
1,420
-370
-21% -$273K
SXT icon
583
Sensient Technologies
SXT
$5.53B
$1.02M 0.05%
13,270
-3,620
-21% -$274K
GPI icon
584
Group 1 Automotive
GPI
$3.14B
$1.02M 0.05%
14,030
+2,800
+25% +$172K
PSX icon
585
Phillips 66
PSX
$92.8B
$1.02M 0.05%
11,100
-3,100
-22% -$263K
SKX
586
DELISTED
Skechers
SKX
$1.02M 0.05%
40,490
-11,150
-22% -$305K
AVD icon
587
American Vanguard Corp
AVD
$62.8M
$1.01M 0.05%
44,180
+3,640
+9% +$72.1K
GEO icon
588
The GEO Group
GEO
$4B
$1.01M 0.05%
37,515
-10,520
-22% -$291K
HCA icon
589
HCA Healthcare
HCA
$89.1B
$1.01M 0.05%
12,640
-1,950
-13% -$157K
TKR icon
590
Timken Company
TKR
$9.1B
$1.01M 0.05%
20,720
-6,370
-24% -$294K
HA
591
DELISTED
Hawaiian Holdings, Inc.
HA
$1.01M 0.05%
26,800
+7,450
+39% +$316K
DOV icon
592
Dover
DOV
$27.8B
$1M 0.05%
13,606
-1,139
-8% -$79.1K
ISRG icon
593
Intuitive Surgical
ISRG
$142B
$1M 0.05%
8,640
-2,520
-23% -$275K
DST
594
DELISTED
DST Systems Inc.
DST
$1M 0.05%
18,300
-5,720
-24% -$313K
PSB
595
DELISTED
PS Business Parks, Inc.
PSB
$999K 0.05%
7,480
+2,870
+62% +$381K
TFIN icon
596
Triumph Financial Inc
TFIN
$1.87B
$997K 0.05%
30,900
– –
UDR icon
597
UDR
UDR
$12.2B
$995K 0.05%
26,170
-1,690
-6% -$65.5K
LHO
598
DELISTED
LaSalle Hotel Properties
LHO
$994K 0.05%
34,240
-9,460
-22% -$274K
TREX icon
599
Trex
TREX
$5.1B
$993K 0.05%
44,120
+16,360
+59% +$312K
FULT icon
600
Fulton Financial
FULT
$4.69B
$992K 0.05%
52,910
-14,570
-22% -$262K
22 23
24
25 26

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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
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.