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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
VLY icon
626
Valley National Bancorp
VLY
$8.3B
$962K 0.05%
79,840
-22,000
-22% -$253K
AON icon
627
Aon
AON
$75.7B
$960K 0.05%
6,570
-1,920
-23% -$268K
ALXN
628
DELISTED
Alexion Pharmaceuticals
ALXN
$958K 0.05%
6,830
-1,470
-18% -$200K
CXW icon
629
CoreCivic
CXW
$3.13B
$957K 0.05%
35,740
-9,870
-22% -$262K
TUP
630
DELISTED
Tupperware Brands Corporation
TUP
$951K 0.05%
15,390
-4,190
-21% -$258K
KS
631
DELISTED
KapStone Paper and Pack Corp.
KS
$951K 0.05%
44,260
+12,280
+38% +$273K
MHO icon
632
M/I Homes
MHO
$3.9B
$950K 0.05%
35,520
+3,460
+11% +$89.7K
SLCA
633
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$950K 0.05%
30,570
+13,350
+78% +$387K
LNT icon
634
Alliant Energy
LNT
$18.2B
$947K 0.05%
22,790
-1,350
-6% -$56.2K
CFG icon
635
Citizens Financial Group
CFG
$31.2B
$946K 0.05%
24,970
-3,570
-13% -$125K
CIEN icon
636
Ciena
CIEN
$62.7B
$942K 0.05%
42,880
-11,840
-22% -$283K
EA
637
DELISTED
Electronic Arts
EA
$942K 0.05%
7,980
-2,140
-21% -$248K
OKE icon
638
Oneok
OKE
$58.4B
$942K 0.05%
16,990
+3,090
+22% +$167K
SWN
639
DELISTED
Southwestern Energy Company
SWN
$941K 0.05%
154,000
-41,270
-21% -$234K
AKRX
640
DELISTED
Akorn Inc
AKRX
$941K 0.05%
28,340
-5,320
-16% -$177K
MRCY icon
641
Mercury Systems
MRCY
$6.59B
$940K 0.05%
18,110
+6,790
+60% +$313K
PNR icon
642
Pentair
PNR
$10.7B
$940K 0.05%
20,608
-1,593
-7% -$68.4K
AN icon
643
AutoNation
AN
$6.89B
$937K 0.05%
19,750
+17,610
+823% +$763K
SEE
644
DELISTED
Sealed Air
SEE
$936K 0.05%
21,910
-1,370
-6% -$60.7K
NUE icon
645
Nucor
NUE
$61.8B
$934K 0.05%
16,680
-2,030
-11% -$115K
MYGN icon
646
Myriad Genetics
MYGN
$303M
$932K 0.05%
25,760
+9,680
+60% +$276K
TECD
647
DELISTED
Tech Data Corp
TECD
$932K 0.05%
10,490
-2,900
-22% -$286K
CVBF icon
648
CVB Financial
CVBF
$4.08B
$929K 0.05%
38,430
+14,220
+59% +$307K
TSN icon
649
Tyson Foods
TSN
$19.8B
$928K 0.05%
13,170
-2,000
-13% -$128K
NUS icon
650
Nu Skin
NUS
$236M
$925K 0.05%
15,050
-4,120
-21% -$253K
24 25
26
27 28

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.