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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
TXN icon
51
Texas Instruments
TXN
$253B
$3.83M 0.2%
42,770
-6,670
-13% -$549K
ITW icon
52
Illinois Tool Works
ITW
$83.3B
$3.66M 0.19%
24,720
-2,280
-8% -$324K
CB icon
53
Chubb
CB
$132B
$3.65M 0.19%
25,636
-2,990
-10% -$433K
KHC icon
54
Kraft Heinz
KHC
$29.1B
$3.55M 0.19%
45,800
-3,800
-8% -$318K
ALL icon
55
Allstate
ALL
$64.7B
$3.37M 0.18%
36,690
-2,510
-6% -$228K
TFX icon
56
Teleflex
TFX
$5.78B
$3.3M 0.17%
13,620
-3,740
-22% -$814K
TTWO icon
57
Take-Two Interactive
TTWO
$45.4B
$3.29M 0.17%
32,220
-7,860
-20% -$704K
UNP icon
58
Union Pacific
UNP
$174B
$3.23M 0.17%
27,860
-5,910
-18% -$634K
PSXP
59
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$3.21M 0.17%
61,100
-1,860
-3% -$90.7K
STC icon
60
Stewart Information Services
STC
$2B
$3.2M 0.17%
84,820
+3,280
+4% +$128K
CIVI
61
DELISTED
Civitas Solutions, Inc.
CIVI
$3.19M 0.17%
172,840
– –
MSCI icon
62
MSCI
MSCI
$40.9B
$3.18M 0.17%
27,240
-7,710
-22% -$855K
BLK icon
63
Blackrock
BLK
$180B
$3.17M 0.17%
7,080
-720
-9% -$307K
APH icon
64
Amphenol
APH
$210B
$3.13M 0.17%
147,840
-8,080
-5% -$159K
DM
65
DELISTED
Dominion Energy Midstream Ptr LP
DM
$3.11M 0.16%
+97,310
New +$2.77M
ECL icon
66
Ecolab
ECL
$78.1B
$3.11M 0.16%
24,180
-1,740
-7% -$229K
HII icon
67
Huntington Ingalls Industries
HII
$12.9B
$3.11M 0.16%
13,730
-4,030
-23% -$840K
ADBE icon
68
Adobe
ADBE
$103B
$3.11M 0.16%
20,820
-3,290
-14% -$491K
AFL icon
69
Aflac
AFL
$60.5B
$3.08M 0.16%
75,760
-5,980
-7% -$241K
ANDX
70
DELISTED
Andeavor Logistics LP
ANDX
$3.08M 0.16%
61,550
+730
+1% +$36.5K
ARCB icon
71
ArcBest
ARCB
$3.14B
$3.06M 0.16%
91,340
+3,990
+5% +$105K
DCP
72
DELISTED
DCP Midstream, LP
DCP
$3.05M 0.16%
88,020
-5,000
-5% -$165K
EEP
73
DELISTED
Enbridge Energy Partners
EEP
$3.03M 0.16%
189,660
-410
-0.2% -$6.32K
WM icon
74
Waste Management
WM
$90.5B
$3.01M 0.16%
38,470
-2,660
-6% -$202K
ENLK
75
DELISTED
EnLink Midstream Partners, LP
ENLK
$3.01M 0.16%
179,540
-5,170
-3% -$84K
1 2
3
4 5

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
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
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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.