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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
LMAT icon
601
LeMaitre Vascular
LMAT
$1.87B
$991K 0.05%
26,470
+23,530
+800% +$801K
UMBF icon
602
UMB Financial
UMBF
$11.5B
$991K 0.05%
13,310
-3,620
-21% -$253K
AVNT icon
603
Avient
AVNT
$4.23B
$990K 0.05%
24,740
-6,540
-21% -$244K
AVY icon
604
Avery Dennison
AVY
$13.6B
$990K 0.05%
10,070
-550
-5% -$51.7K
TAP icon
605
Molson Coors Class B
TAP
$7.85B
$990K 0.05%
12,130
-1,180
-9% -$104K
VRTX icon
606
Vertex Pharmaceuticals
VRTX
$131B
$990K 0.05%
6,510
-1,490
-19% -$224K
AJRD
607
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$990K 0.05%
28,270
+10,610
+60% +$286K
CDP icon
608
COPT Defense Properties
CDP
$4.23B
$988K 0.05%
30,080
-8,300
-22% -$277K
MAS icon
609
Masco
MAS
$14.7B
$987K 0.05%
25,290
-2,360
-9% -$88.9K
NGVT icon
610
Ingevity
NGVT
$2.59B
$987K 0.05%
15,800
+5,860
+59% +$347K
BRSS
611
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$987K 0.05%
29,190
– –
KMT icon
612
Kennametal
KMT
$2.32B
$984K 0.05%
24,400
-6,690
-22% -$247K
LNCE
613
DELISTED
Snyders-Lance, Inc.
LNCE
$981K 0.05%
25,720
-7,480
-23% -$270K
BCPC
614
Balchem Corp
BCPC
$5.65B
$978K 0.05%
12,030
+4,530
+60% +$348K
PLXS icon
615
Plexus
PLXS
$7.04B
$973K 0.05%
17,350
+4,700
+37% +$247K
WAT icon
616
Waters Corp
WAT
$40.6B
$973K 0.05%
5,420
-500
-8% -$90.7K
AEL
617
DELISTED
American Equity Investment Life Holding Company
AEL
$973K 0.05%
33,470
+12,500
+60% +$345K
HQY icon
618
HealthEquity
HQY
$8.83B
$971K 0.05%
19,190
+8,710
+83% +$405K
TXRH icon
619
Texas Roadhouse
TXRH
$13.6B
$971K 0.05%
19,770
-5,140
-21% -$250K
TXNM
620
TXNM Energy Inc
TXNM
$5.91B
$971K 0.05%
24,090
-6,660
-22% -$271K
COHR icon
621
Coherent
COHR
$64B
$970K 0.05%
23,560
+7,980
+51% +$298K
HOMB icon
622
Home BancShares
HOMB
$6.27B
$970K 0.05%
38,450
-10,270
-21% -$247K
JCI icon
623
Johnson Controls International
JCI
$91.7B
$970K 0.05%
24,087
-6,160
-20% -$249K
BGS icon
624
B&G Foods
BGS
$299M
$968K 0.05%
30,410
+9,250
+44% +$304K
BELFB
625
Bel Fuse Inc Class B
BELFB
$4.13B
$964K 0.05%
30,880
+1,640
+6% +$43.3K
23 24
25
26 27

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.