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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
DVA icon
726
DaVita
DVA
$11.4B
$835K 0.04%
14,050
-1,310
-9% -$78.8K
NWE icon
727
NorthWestern Energy
NWE
$4.4B
$835K 0.04%
14,660
-4,040
-22% -$241K
RCL icon
728
Royal Caribbean
RCL
$82.9B
$835K 0.04%
7,050
-900
-11% -$105K
MCK icon
729
McKesson
MCK
$99.9B
$834K 0.04%
5,430
-1,410
-21% -$220K
KALU icon
730
Kaiser Aluminum
KALU
$2.99B
$833K 0.04%
8,080
+2,350
+41% +$226K
TGT icon
731
Target
TGT
$70.6B
$833K 0.04%
14,110
-4,340
-24% -$243K
WOLF icon
732
Wolfspeed
WOLF
$1.64B
$833K 0.04%
29,550
-8,000
-21% -$199K
NWN icon
733
Northwest Natural Holdings
NWN
$2.14B
$831K 0.04%
12,910
+3,990
+45% +$256K
PLAY icon
734
Dave & Buster's
PLAY
$370M
$831K 0.04%
15,830
+6,990
+79% +$416K
AAWW
735
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$831K 0.04%
12,630
+3,550
+39% +$222K
LXP icon
736
LXP Industrial Trust
LXP
$3.58B
$830K 0.04%
16,234
+6,020
+59% +$301K
PSA icon
737
Public Storage
PSA
$61.4B
$828K 0.04%
3,870
-920
-19% -$190K
RTEC
738
DELISTED
Rudolph Technologies Inc
RTEC
$827K 0.04%
31,460
+4,430
+16% +$104K
RF icon
739
Regions Financial
RF
$27B
$826K 0.04%
54,230
-9,170
-14% -$132K
FNGN
740
DELISTED
Financial Engines, Inc.
FNGN
$826K 0.04%
23,770
+10,100
+74% +$351K
KLXI
741
DELISTED
KLX Inc.
KLXI
$823K 0.04%
18,442
-5,076
-22% -$216K
AMG icon
742
Affiliated Managers Group
AMG
$9.7B
$822K 0.04%
4,330
-320
-7% -$56.9K
AMN icon
743
AMN Healthcare
AMN
$1.34B
$821K 0.04%
17,970
+6,700
+59% +$256K
UFS
744
DELISTED
DOMTAR CORPORATION (New)
UFS
$821K 0.04%
18,930
-5,230
-22% -$208K
AAN.A
745
DELISTED
The Aaron's Company Inc Class A
AAN.A
$821K 0.04%
18,820
-5,210
-22% -$227K
CADE
746
DELISTED
Cadence Bank
CADE
$820K 0.04%
25,600
-6,610
-21% -$198K
PMD
747
DELISTED
Psychemedics Corporation
PMD
$820K 0.04%
44,490
– –
ADI icon
748
Analog Devices
ADI
$186B
$819K 0.04%
9,502
-2,240
-19% -$181K
GHC icon
749
Graham Holdings Company
GHC
$4.97B
$819K 0.04%
1,400
-400
-22% -$234K
MSA icon
750
Mine Safety
MSA
$7.32B
$817K 0.04%
10,280
-1,880
-15% -$141K
28 29
30
31 32

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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.