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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
FISV
701
Fiserv Inc
FISV
$29.5B
$856K 0.04%
14,000
– –
ENDP
702
DELISTED
Endo International plc
ENDP
$856K 0.04%
76,650
-15,270
-17% -$179K
TDAY
703
USA Today Co
TDAY
$1B
$855K 0.04%
63,430
+17,450
+38% +$233K
WBMD
704
DELISTED
WebMD Health Corp.
WBMD
$854K 0.04%
14,560
-2,390
-14% -$133K
CMP icon
705
Compass Minerals
CMP
$1.1B
$853K 0.04%
13,060
-2,600
-17% -$173K
OII icon
706
Oceaneering
OII
$5.11B
$853K 0.04%
37,340
-8,100
-18% -$206K
VAC icon
707
Marriott Vacations Worldwide
VAC
$4.17B
$852K 0.04%
7,240
-380
-5% -$42.9K
AVB icon
708
AvalonBay Communities
AVB
$26.3B
$851K 0.04%
4,430
– –
CVG
709
DELISTED
Convergys
CVG
$848K 0.04%
35,670
-7,990
-18% -$186K
DECK icon
710
Deckers Outdoor
DECK
$12.7B
$843K 0.04%
74,100
-15,360
-17% -$160K
REX icon
711
REX American Resources
REX
$1.44B
$843K 0.04%
52,380
-10,740
-17% -$170K
MDP
712
DELISTED
Meredith Corporation
MDP
$842K 0.04%
14,160
-2,550
-15% -$149K
KBR icon
713
KBR
KBR
$4.81B
$841K 0.04%
55,260
-10,210
-16% -$151K
TRMK icon
714
Trustmark
TRMK
$2.8B
$841K 0.04%
26,140
-4,880
-16% -$156K
COR
715
DELISTED
Coresite Realty Corporation
COR
$837K 0.04%
8,080
+340
+4% +$34.1K
NYT icon
716
New York Times
NYT
$10.3B
$835K 0.04%
47,150
-8,850
-16% -$146K
BIG
717
DELISTED
Big Lots, Inc.
BIG
$835K 0.04%
17,290
-3,340
-16% -$163K
WOR icon
718
Worthington Enterprises
WOR
$2.85B
$833K 0.04%
26,909
-5,855
-18% -$157K
BWLD
719
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$832K 0.04%
6,570
-1,870
-22% -$279K
GME icon
720
GameStop
GME
$8.33B
$831K 0.04%
153,880
-32,880
-18% -$186K
ITRI icon
721
Itron
ITRI
$4.5B
$828K 0.04%
12,210
+1,400
+13% +$91.8K
AIT icon
722
Applied Industrial Technologies
AIT
$13.2B
$826K 0.04%
13,990
+5,080
+57% +$311K
ETFC
723
DELISTED
E*Trade Financial Corporation
ETFC
$825K 0.04%
21,700
-2,540
-10% -$89.8K
YUM icon
724
Yum! Brands
YUM
$41.2B
$823K 0.04%
11,160
– –
ILMN icon
725
Illumina
ILMN
$29.1B
$822K 0.04%
4,873
– –
27 28
29
30 31

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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PVI
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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.