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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PENN icon
701
PENN Entertainment
PENN
$2.53B
$800K 0.04%
23,820
-9,870
-29% -$308K
WDC icon
702
Western Digital
WDC
$168B
$800K 0.04%
13,669
-1,482
-10% -$94.3K
BCC icon
703
Boise Cascade
BCC
$2.94B
$798K 0.04%
17,850
-6,500
-27% -$285K
HNRG icon
704
Hallador Energy
HNRG
$730M
$798K 0.04%
111,810
– –
JBGS
705
JBG SMITH
JBGS
$692M
$797K 0.04%
21,840
-7,170
-25% -$260K
KR icon
706
Kroger
KR
$35.1B
$797K 0.04%
28,030
+4,850
+21% +$122K
VMI icon
707
Valmont Industries
VMI
$9.5B
$797K 0.04%
5,290
-1,760
-25% -$257K
JBTM
708
JBT Marel
JBTM
$6.1B
$796K 0.04%
8,950
-3,660
-29% -$357K
DRH icon
709
Diamondrock Hospitality Co
DRH
$2.51B
$794K 0.04%
64,650
-15,450
-19% -$181K
FCX icon
710
Freeport-McMoran
FCX
$93.6B
$794K 0.04%
45,960
+960
+2% +$16.3K
GEO icon
711
The GEO Group
GEO
$4B
$794K 0.04%
28,835
-8,680
-23% -$207K
SLCA
712
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$794K 0.04%
30,940
-6,530
-17% -$191K
CHDN icon
713
Churchill Downs
CHDN
$6.2B
$792K 0.04%
16,020
-5,160
-24% -$241K
AMN icon
714
AMN Healthcare
AMN
$1.34B
$791K 0.04%
13,490
-5,550
-29% -$331K
HPE icon
715
Hewlett Packard
HPE
$79.2B
$788K 0.04%
53,960
+11,530
+27% +$191K
ACHC icon
716
Acadia Healthcare
ACHC
$2.82B
$787K 0.04%
19,230
-6,180
-24% -$249K
SHOO icon
717
Steven Madden
SHOO
$3.46B
$787K 0.04%
22,245
-13,500
-38% -$452K
UMBF icon
718
UMB Financial
UMBF
$11.5B
$787K 0.04%
10,320
-3,360
-25% -$258K
AFI
719
DELISTED
Armstrong Flooring, Inc.
AFI
$786K 0.04%
56,010
– –
VG
720
DELISTED
Vonage Holdings Corporation
VG
$785K 0.04%
60,920
-22,190
-27% -$254K
FAST icon
721
Fastenal
FAST
$58.9B
$780K 0.04%
64,800
-12,720
-16% -$165K
KRA
722
DELISTED
Kraton Corporation
KRA
$779K 0.04%
16,880
-510
-3% -$24.8K
CCMP
723
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$779K 0.04%
7,240
-2,990
-29% -$328K
QLYS icon
724
Qualys
QLYS
$6.78B
$778K 0.04%
9,230
-3,730
-29% -$300K
SJM icon
725
J.M. Smucker
SJM
$12.9B
$778K 0.04%
7,240
+4,310
+147% +$484K
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
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
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PVI
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Municipal Employees' Retirement System of Michigan's Q2 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.