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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
CATY icon
651
Cathay General Bancorp
CATY
$4.31B
$923K 0.05%
22,970
-6,000
-21% -$221K
STT icon
652
State Street
STT
$52.2B
$923K 0.05%
9,660
-2,070
-18% -$193K
COLB icon
653
Columbia Banking Systems
COLB
$9.18B
$922K 0.05%
21,890
+8,160
+59% +$316K
AMCX icon
654
AMC Global Media
AMCX
$496M
$921K 0.05%
15,750
-5,670
-26% -$337K
HI
655
DELISTED
Hillenbrand
HI
$918K 0.05%
23,630
+8,590
+57% +$312K
LIVN icon
656
LivaNova
LIVN
$4.53B
$918K 0.05%
13,110
-3,400
-21% -$215K
LNC icon
657
Lincoln National
LNC
$8.67B
$916K 0.05%
12,470
-1,700
-12% -$120K
PBF icon
658
PBF Energy
PBF
$8.81B
$916K 0.05%
33,180
-9,160
-22% -$212K
MAA icon
659
Mid-America Apartment Communities
MAA
$15.6B
$915K 0.05%
8,560
-690
-7% -$72.4K
MOH icon
660
Molina Healthcare
MOH
$10.7B
$915K 0.05%
13,300
-3,200
-19% -$208K
TCO
661
DELISTED
Taubman Centers Inc.
TCO
$912K 0.05%
18,360
-5,070
-22% -$278K
LNW
662
DELISTED
Light & Wonder
LNW
$911K 0.05%
19,860
+7,690
+63% +$268K
TIVO
663
DELISTED
Tivo Inc
TIVO
$911K 0.05%
45,890
+17,350
+61% +$324K
AKR icon
664
Acadia Realty Trust
AKR
$2.86B
$910K 0.05%
31,790
+11,790
+59% +$341K
BANR icon
665
Banner Corp
BANR
$2.5B
$910K 0.05%
14,860
+6,300
+74% +$356K
HUM icon
666
Humana
HUM
$46.2B
$909K 0.05%
3,730
-1,060
-22% -$260K
POWI icon
667
Power Integrations
POWI
$3.48B
$909K 0.05%
24,860
+8,240
+50% +$301K
ENS icon
668
EnerSys
ENS
$7.2B
$908K 0.05%
13,130
-3,670
-22% -$251K
NBN icon
669
Northeast Bank
NBN
$1.16B
$908K 0.05%
34,730
– –
JACK icon
670
Jack in the Box
JACK
$358M
$907K 0.05%
8,900
-3,150
-26% -$301K
WAGE
671
DELISTED
WageWorks, Inc.
WAGE
$907K 0.05%
14,940
+6,140
+70% +$374K
DRH icon
672
Diamondrock Hospitality Co
DRH
$2.51B
$906K 0.05%
82,680
+27,880
+51% +$311K
FMBI
673
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$906K 0.05%
38,670
+19,530
+102% +$434K
BYD icon
674
Boyd Gaming
BYD
$6.05B
$905K 0.05%
34,760
+11,540
+50% +$299K
WAFD icon
675
WaFd
WAFD
$2.81B
$903K 0.05%
26,840
-7,680
-22% -$250K
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
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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.