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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
SSD icon
701
Simpson Manufacturing
SSD
$8B
$871K 0.05%
17,760
+6,270
+55% +$279K
SHOO icon
702
Steven Madden
SHOO
$3.46B
$869K 0.05%
30,120
+11,040
+58% +$304K
MANH icon
703
Manhattan Associates
MANH
$11.7B
$867K 0.05%
20,850
-5,950
-22% -$260K
KAMN
704
DELISTED
Kaman Corp
KAMN
$865K 0.05%
15,500
+4,100
+36% +$207K
WHR icon
705
Whirlpool
WHR
$2.79B
$864K 0.05%
4,680
-550
-11% -$98.3K
ENR icon
706
Energizer
ENR
$1.55B
$861K 0.05%
18,700
-4,880
-21% -$220K
KFY icon
707
Korn Ferry
KFY
$4.36B
$858K 0.05%
21,760
+8,200
+60% +$283K
OLLI icon
708
Ollie's Bargain Outlet
OLLI
$4.7B
$858K 0.05%
18,490
+7,080
+62% +$313K
WEN icon
709
Wendy's
WEN
$1.65B
$858K 0.05%
55,230
-18,090
-25% -$277K
ILG
710
DELISTED
ILG, Inc Common Stock
ILG
$858K 0.05%
32,110
+7,120
+28% +$188K
FHI icon
711
Federated Hermes
FHI
$4.74B
$857K 0.05%
28,840
-6,970
-19% -$196K
HOPE icon
712
Hope Bancorp
HOPE
$1.85B
$857K 0.05%
48,391
+18,380
+61% +$314K
MN
713
DELISTED
MANNING & NAPIER, INC.
MN
$855K 0.05%
216,480
– –
JNPR
714
DELISTED
Juniper Networks
JNPR
$853K 0.05%
30,660
-2,370
-7% -$66.4K
GGP
715
DELISTED
GGP Inc.
GGP
$853K 0.05%
41,060
-2,570
-6% -$56.2K
SKYW icon
716
Skywest
SKYW
$4.21B
$852K 0.05%
19,410
+7,170
+59% +$268K
NUVA
717
DELISTED
NuVasive, Inc.
NUVA
$852K 0.05%
15,370
-4,190
-21% -$277K
WTS icon
718
Watts Water Technologies
WTS
$12.8B
$851K 0.05%
12,300
+3,890
+46% +$250K
HOLX
719
DELISTED
Hologic
HOLX
$848K 0.04%
23,120
-1,690
-7% -$68.2K
CCMP
720
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$848K 0.04%
10,610
+3,510
+49% +$259K
GDOT icon
721
Green Dot
GDOT
$770M
$847K 0.04%
17,090
+6,570
+62% +$291K
CAA
722
DELISTED
CalAtlantic Group, Inc.
CAA
$842K 0.04%
23,000
-4,450
-16% -$158K
EE
723
DELISTED
El Paso Electric Company
EE
$841K 0.04%
15,220
+5,650
+59% +$303K
CAR icon
724
Avis
CAR
$4.84B
$837K 0.04%
22,000
-10,470
-32% -$352K
RLI icon
725
RLI Corp
RLI
$5.87B
$837K 0.04%
29,180
+11,120
+62% +$306K
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 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.