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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
PWR icon
726
Quanta Services
PWR
$101B
$821K 0.04%
24,940
+7,130
+40% +$237K
CVSA
727
Covista Inc
CVSA
$4.49B
$820K 0.04%
21,610
-4,800
-18% -$179K
PGR icon
728
Progressive
PGR
$121B
$818K 0.04%
18,560
-41,200
-69% -$1.71M
APC
729
DELISTED
Anadarko Petroleum
APC
$817K 0.04%
18,030
– –
DBD
730
DELISTED
Diebold Nixdorf Incorporated
DBD
$816K 0.04%
29,130
-5,520
-16% -$153K
KSU
731
DELISTED
Kansas City Southern
KSU
$813K 0.04%
7,770
– –
EW icon
732
Edwards Lifesciences
EW
$53.4B
$811K 0.04%
20,580
– –
NSIT icon
733
Insight Enterprises
NSIT
$4.6B
$811K 0.04%
20,270
-1,040
-5% -$43.9K
MTB icon
734
M&T Bank
MTB
$36.6B
$810K 0.04%
5,000
-7,140
-59% -$1.13M
TPH
735
DELISTED
Tri Pointe Homes
TPH
$810K 0.04%
61,400
-6,130
-9% -$76.5K
WDC icon
736
Western Digital
WDC
$168B
$808K 0.04%
12,068
– –
WY icon
737
Weyerhaeuser
WY
$17.9B
$808K 0.04%
24,118
-16,450
-41% -$554K
DFS
738
DELISTED
Discover Financial Services
DFS
$807K 0.04%
12,970
-11,080
-46% -$686K
CAH icon
739
Cardinal Health
CAH
$53.8B
$805K 0.04%
10,330
-7,280
-41% -$549K
WMB icon
740
Williams Companies
WMB
$89.3B
$797K 0.04%
26,330
– –
SR icon
741
Spire
SR
$4.9B
$794K 0.04%
11,380
+980
+9% +$68.5K
FUL icon
742
H.B. Fuller
FUL
$3.24B
$793K 0.04%
15,520
+40
+0.3% +$2.06K
MLM icon
743
Martin Marietta Materials
MLM
$32.7B
$793K 0.04%
3,560
– –
ANDV
744
DELISTED
Andeavor
ANDV
$792K 0.04%
8,470
+1,880
+29% +$159K
CHE icon
745
Chemed
CHE
$7.02B
$787K 0.04%
3,850
+150
+4% +$29.9K
IBOC icon
746
International Bancshares
IBOC
$4.57B
$787K 0.04%
22,440
-4,220
-16% -$149K
RAMP icon
747
LiveRamp
RAMP
$2.31B
$787K 0.04%
30,300
-5,150
-15% -$140K
ASFI
748
DELISTED
Asta Funding Inc
ASFI
$785K 0.04%
+95,750
New +$724K
DDD icon
749
3D Systems Corp
DDD
$601M
$780K 0.04%
41,730
-7,090
-15% -$134K
B
750
DELISTED
Barnes Group Inc.
B
$780K 0.04%
13,320
+130
+1% +$7.18K
28 29
30
31 32

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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.