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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
CHEF icon
676
Chefs' Warehouse
CHEF
$4.57B
$905K 0.05%
+69,630
New +$1M
GPOR
677
DELISTED
Gulfport Energy Corp.
GPOR
$897K 0.04%
60,840
-10,240
-14% -$157K
MDRX
678
DELISTED
Veradigm Inc. Common Stock
MDRX
$894K 0.04%
70,050
-14,740
-17% -$179K
UE icon
679
Urban Edge Properties
UE
$2.78B
$893K 0.04%
37,630
-4,380
-10% -$110K
HPE icon
680
Hewlett Packard
HPE
$79.2B
$892K 0.04%
69,297
-36,603
-35% -$510K
JEF icon
681
Jefferies Financial Group
JEF
$12.9B
$892K 0.04%
38,083
+26,487
+228% +$603K
BRSS
682
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$892K 0.04%
29,190
-7,500
-20% -$241K
AIZ icon
683
Assurant
AIZ
$13.9B
$889K 0.04%
8,570
+6,660
+349% +$663K
CAR icon
684
Avis
CAR
$4.84B
$885K 0.04%
32,470
-8,040
-20% -$207K
NBR icon
685
Nabors Industries
NBR
$1.35B
$884K 0.04%
2,173
-454
-17% -$229K
HAS icon
686
Hasbro
HAS
$13.6B
$879K 0.04%
7,890
-3,360
-30% -$346K
EFOR
687
Everforth Inc
EFOR
$1.37B
$878K 0.04%
16,220
+1,950
+14% +$100K
CARS icon
688
Cars.com
CARS
$672M
$874K 0.04%
+32,830
New +$884K
CHDN icon
689
Churchill Downs
CHDN
$6.2B
$874K 0.04%
28,620
-5,760
-17% -$163K
PXD
690
DELISTED
Pioneer Natural Resource Co.
PXD
$874K 0.04%
5,480
– –
HST icon
691
Host Hotels & Resorts
HST
$15.6B
$870K 0.04%
47,650
-4,390
-8% -$80.5K
CMC icon
692
Commercial Metals
CMC
$7.98B
$868K 0.04%
44,690
-8,850
-17% -$164K
MYE icon
693
Myers Industries
MYE
$1.25B
$868K 0.04%
48,390
-5,950
-11% -$102K
RCL icon
694
Royal Caribbean
RCL
$82.9B
$868K 0.04%
7,950
-180
-2% -$19.1K
CAKE icon
695
Cheesecake Factory
CAKE
$5.57B
$866K 0.04%
17,220
-3,220
-16% -$190K
CCP
696
DELISTED
Care Capital Properties, Inc.
CCP
$866K 0.04%
32,440
-5,950
-15% -$161K
EVR icon
697
Evercore
EVR
$12B
$864K 0.04%
12,260
+760
+7% +$55.3K
VSH icon
698
Vishay Intertechnology
VSH
$5.11B
$859K 0.04%
51,740
-9,500
-16% -$156K
KEM
699
DELISTED
KEMET Corporation
KEM
$859K 0.04%
+67,130
New +$853K
AAL icon
700
American Airlines Group
AAL
$9.97B
$857K 0.04%
17,040
– –
26 27
28
29 30

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.