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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
(-5.1%)
Cap. Flow
-$140M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
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 |
Stewart Information Services
STC
|
+$3.43M |
| 3 |
Boeing
BA
|
+$2.82M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$2.82M |
| 5 |
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 |
Alexandria Real Estate Equities
ARE
|
+$4.45M |
| 4 |
ANSS
Ansys
ANSS
|
+$4.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
626
Tetra Tech
TTEK
$9.33B
| $983K | 0.05% |
107,450
+11,650
| +12% | +$104K |
|
|
CADE
627
DELISTED
Cadence Bank
CADE
| $982K | 0.05% |
32,210
-7,120
| -18% | -$213K |
|
628
Helen of Troy
HELE
$699M
| $982K | 0.05% |
10,440
-2,400
| -19% | -$223K |
|
629
Mid-America Apartment Communities
MAA
$15.6B
| $974K | 0.05% |
9,250
+5,630
| +156% | +$580K |
|
630
Blackbaud
BLKB
$2.1B
| $973K | 0.05% |
11,350
+510
| +5% | +$41.9K |
|
631
Alliant Energy
LNT
$18.2B
| $970K | 0.05% |
24,140
| – | – |
|
|
CAA
632
DELISTED
CalAtlantic Group, Inc.
CAA
| $970K | 0.05% |
27,450
-6,430
| -19% | -$234K |
|
633
Tanger
SKT
$4.42B
| $967K | 0.05% |
37,230
-7,290
| -16% | -$207K |
|
|
SGI
634
Somnigroup International
SGI
$14B
| $966K | 0.05% |
72,400
-19,920
| -22% | -$235K |
|
635
Target
TGT
$70.6B
| $965K | 0.05% |
18,450
-5,820
| -24% | -$318K |
|
|
WRK
636
DELISTED
WestRock Company
WRK
| $960K | 0.05% |
16,948
+4,240
| +33% | +$230K |
|
637
Lincoln National
LNC
$8.67B
| $957K | 0.05% |
14,170
-1,650
| -10% | -$109K |
|
638
GATX Corp
GATX
$6.33B
| $956K | 0.05% |
14,880
-3,400
| -19% | -$208K |
|
639
Dover
DOV
$27.8B
| $955K | 0.05% |
14,745
+8,629
| +141% | +$563K |
|
|
AGTC
640
DELISTED
Applied Genetic Technologies Corporation
AGTC
| $954K | 0.05% |
+187,010
| New | +$1.05M |
|
|
SAFM
641
DELISTED
Sanderson Farms Inc
SAFM
| $953K | 0.05% |
8,240
+600
| +8% | +$69.7K |
|
642
Tyson Foods
TSN
$19.8B
| $950K | 0.05% |
15,170
+610
| +4% | +$37.4K |
|
643
Ulta Beauty
ULTA
$22.2B
| $945K | 0.05% |
3,290
+1,400
| +74% | +$409K |
|
644
MKS Inc
MKSI
$20.7B
| $942K | 0.05% |
13,990
+1,780
| +15% | +$135K |
|
645
PBF Energy
PBF
$8.81B
| $942K | 0.05% |
+42,340
| New | +$909K |
|
|
MN
646
DELISTED
MANNING & NAPIER, INC.
MN
| $942K | 0.05% |
216,480
+79,900
| +59% | +$397K |
|
|
VRE
647
DELISTED
Veris Residential
VRE
| $941K | 0.05% |
34,680
-6,550
| -16% | -$180K |
|
648
Avery Dennison
AVY
$13.6B
| $938K | 0.05% |
10,620
-3,550
| -25% | -$297K |
|
|
AAN.A
649
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $935K | 0.05% |
24,030
-5,100
| -18% | -$198K |
|
650
Darden Restaurants
DRI
$25.4B
| $934K | 0.05% |
10,320
+420
| +4% | +$36.7K |
|
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PVI
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.