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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
RMD icon
51
ResMed
RMD
$32.8B
$4.26M 0.21%
54,740
-10,590
-16% -$758K
KHC icon
52
Kraft Heinz
KHC
$29.1B
$4.25M 0.21%
49,600
+1,950
+4% +$177K
CB icon
53
Chubb
CB
$132B
$4.16M 0.21%
28,626
+13,610
+91% +$1.92M
PKG icon
54
Packaging Corp of America
PKG
$22.8B
$4.05M 0.2%
36,360
-6,920
-16% -$697K
PMC
55
DELISTED
PharMerica Corporation
PMC
$4.03M 0.2%
153,340
-10,500
-6% -$258K
DPZ icon
56
Domino's
DPZ
$11.7B
$3.93M 0.2%
18,560
-3,720
-17% -$734K
ITW icon
57
Illinois Tool Works
ITW
$83.3B
$3.87M 0.19%
27,000
+1,210
+5% +$169K
DRE
58
DELISTED
Duke Realty Corp.
DRE
$3.84M 0.19%
137,260
-27,110
-16% -$762K
TXN icon
59
Texas Instruments
TXN
$253B
$3.8M 0.19%
49,440
+5,450
+12% +$437K
STC icon
60
Stewart Information Services
STC
$2B
$3.7M 0.18%
81,540
+76,210
+1,430% +$3.43M
UNP icon
61
Union Pacific
UNP
$174B
$3.68M 0.18%
33,770
+7,180
+27% +$783K
CDNS icon
62
Cadence Design Systems
CDNS
$89B
$3.62M 0.18%
107,930
-24,940
-19% -$830K
TFX icon
63
Teleflex
TFX
$6.03B
$3.61M 0.18%
17,360
-3,050
-15% -$611K
MSCI icon
64
MSCI
MSCI
$40.9B
$3.6M 0.18%
34,950
-8,670
-20% -$873K
SIVB
65
DELISTED
SVB Financial Group
SIVB
$3.56M 0.18%
20,260
-3,880
-16% -$695K
Y
66
DELISTED
Alleghany Corp
Y
$3.54M 0.18%
5,960
-1,190
-17% -$708K
TRMB icon
67
Trimble
TRMB
$13.1B
$3.48M 0.17%
97,620
-18,500
-16% -$642K
CDK
68
DELISTED
CDK Global, Inc.
CDK
$3.48M 0.17%
56,050
-13,230
-19% -$830K
ALL icon
69
Allstate
ALL
$64.7B
$3.47M 0.17%
39,200
+2,720
+7% +$231K
ECL icon
70
Ecolab
ECL
$78.1B
$3.44M 0.17%
25,920
+10,330
+66% +$1.33M
NGL icon
71
NGL Energy Partners
NGL
$2.12B
$3.44M 0.17%
245,350
+95,240
+63% +$1.52M
BR icon
72
Broadridge
BR
$19.3B
$3.43M 0.17%
45,390
-9,790
-18% -$707K
ADBE icon
73
Adobe
ADBE
$103B
$3.41M 0.17%
24,110
+8,070
+50% +$1.1M
ATO icon
74
Atmos Energy
ATO
$28.7B
$3.37M 0.17%
40,640
-7,540
-16% -$619K
TWX
75
DELISTED
Time Warner Inc
TWX
$3.35M 0.17%
33,420
+1,740
+5% +$172K
1 2
3
4 5

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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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.