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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
CPS icon
676
Cooper-Standard Automotive
CPS
$484M
$902K 0.05%
7,780
+1,790
+30% +$186K
PLCE icon
677
Children's Place
PLCE
$53.4M
$899K 0.05%
7,610
+2,370
+45% +$255K
REX icon
678
REX American Resources
REX
$1.44B
$899K 0.05%
57,420
+5,040
+10% +$79.1K
PWR icon
679
Quanta Services
PWR
$101B
$898K 0.05%
24,040
-900
-4% -$31.6K
SGI
680
Somnigroup International
SGI
$14B
$896K 0.05%
55,520
-16,880
-23% -$249K
INTU icon
681
Intuit
INTU
$98B
$894K 0.05%
6,290
-1,550
-20% -$214K
CLH icon
682
Clean Harbors
CLH
$16.9B
$892K 0.05%
15,730
-4,110
-21% -$224K
MAR icon
683
Marriott International
MAR
$91.9B
$891K 0.05%
8,084
-2,210
-21% -$228K
MDCO
684
DELISTED
Medicines Co
MDCO
$891K 0.05%
24,060
+7,010
+41% +$258K
SYNH
685
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$889K 0.05%
17,000
-3,880
-19% -$216K
HAE icon
686
Haemonetics
HAE
$4.11B
$888K 0.05%
19,800
+7,400
+60% +$307K
DORM icon
687
Dorman Products
DORM
$3.95B
$887K 0.05%
12,390
+4,230
+52% +$304K
SPTN
688
DELISTED
SpartanNash
SPTN
$887K 0.05%
33,640
+5,340
+19% +$137K
STZ icon
689
Constellation Brands
STZ
$23.3B
$886K 0.05%
4,440
-1,290
-23% -$255K
REGN icon
690
Regeneron Pharmaceuticals
REGN
$83B
$885K 0.05%
1,980
-450
-19% -$214K
TCF
691
DELISTED
TCF Financial Corporation
TCF
$885K 0.05%
51,910
-14,190
-21% -$224K
SAIC icon
692
Saic
SAIC
$5.35B
$884K 0.05%
13,220
-3,490
-21% -$242K
ETN icon
693
Eaton
ETN
$176B
$882K 0.05%
11,490
-3,100
-21% -$234K
UNF icon
694
Unifirst Corp
UNF
$5.21B
$879K 0.05%
5,800
+2,160
+59% +$306K
WRK
695
DELISTED
WestRock Company
WRK
$879K 0.05%
15,488
-1,460
-9% -$83.3K
NTCT icon
696
NETSCOUT
NTCT
$2.89B
$876K 0.05%
27,080
-8,320
-24% -$278K
ETFC
697
DELISTED
E*Trade Financial Corporation
ETFC
$875K 0.05%
20,060
-1,640
-8% -$66.6K
SJM icon
698
J.M. Smucker
SJM
$12.9B
$874K 0.05%
8,330
-790
-9% -$90.2K
RVSB icon
699
Riverview Bancorp
RVSB
$107M
$872K 0.05%
103,820
– –
ABM icon
700
ABM Industries
ABM
$2.82B
$871K 0.05%
20,890
+7,780
+59% +$331K
26 27
28
29 30

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SFM
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AI
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PEA
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SUT
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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.