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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
Cap. Flow
-$140M
Cap. Flow %
-6.96%
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
STC icon
Stewart Information Services
STC
+$3.43M
3
BA icon
Boeing
BA
+$2.82M
4
RAI
Reynolds American Inc
RAI
+$2.82M
5
CHTR icon
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
ARE icon
Alexandria Real Estate Equities
ARE
+$4.45M
4
ANSS
Ansys
ANSS
+$4.4M
5
ALGN icon
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
BID
651
DELISTED
Sotheby's
BID
$934K 0.05%
17,400
-3,730
-18% -$186K
PPG icon
652
PPG Industries
PPG
$25.5B
$932K 0.05%
8,480
– –
TITN icon
653
Titan Machinery
TITN
$420M
$931K 0.05%
+51,780
New +$851K
UAL icon
654
United Airlines
UAL
$41B
$930K 0.05%
12,360
-830
-6% -$62.7K
RF icon
655
Regions Financial
RF
$27B
$928K 0.05%
63,400
-19,190
-23% -$270K
UFS
656
DELISTED
DOMTAR CORPORATION (New)
UFS
$928K 0.05%
24,160
-4,840
-17% -$181K
WOLF icon
657
Wolfspeed
WOLF
$1.64B
$926K 0.05%
37,550
-8,440
-18% -$202K
PFNX
658
DELISTED
Pfenex Inc.
PFNX
$926K 0.05%
+230,970
New +$1.06M
BNED icon
659
Barnes & Noble Education
BNED
$424M
$925K 0.05%
870
+783
+900% +$784K
GMED icon
660
Globus Medical
GMED
$11.5B
$924K 0.05%
27,870
-5,460
-16% -$171K
CTS icon
661
CTS Corp
CTS
$1.79B
$922K 0.05%
42,720
+8,370
+24% +$177K
MZTI
662
The Marzetti Company
MZTI
$3.22B
$922K 0.05%
7,520
-1,500
-17% -$188K
JNPR
663
DELISTED
Juniper Networks
JNPR
$921K 0.05%
33,030
+7,900
+31% +$230K
QEP
664
DELISTED
QEP RESOURCES, INC.
QEP
$921K 0.05%
91,220
-19,800
-18% -$215K
SLGN icon
665
Silgan Holdings
SLGN
$4.46B
$920K 0.05%
28,950
-5,330
-16% -$164K
SHW icon
666
Sherwin-Williams
SHW
$87.8B
$916K 0.05%
7,830
-6,480
-45% -$724K
SCG
667
DELISTED
Scana
SCG
$916K 0.05%
13,670
– –
KATE
668
DELISTED
Kate Spade & Company
KATE
$916K 0.05%
49,520
-9,860
-17% -$182K
MHO icon
669
M/I Homes
MHO
$3.9B
$915K 0.05%
32,060
-6,660
-17% -$181K
ADI icon
670
Analog Devices
ADI
$186B
$914K 0.05%
11,742
– –
WLY icon
671
John Wiley & Sons Class A
WLY
$2.63B
$912K 0.05%
17,290
-3,530
-17% -$185K
CVLT icon
672
Commault Systems
CVLT
$6.26B
$911K 0.05%
16,140
-3,380
-17% -$185K
DAR icon
673
Darling Ingredients
DAR
$10.4B
$909K 0.05%
57,770
+3,620
+7% +$55.9K
HA
674
DELISTED
Hawaiian Holdings, Inc.
HA
$908K 0.05%
19,350
+4,030
+26% +$205K
STI
675
DELISTED
SunTrust Banks, Inc.
STI
$908K 0.05%
16,010
-13,880
-46% -$771K
25 26
27
28 29

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 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.