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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
AEO icon
751
American Eagle Outfitters
AEO
$2.73B
$778K 0.04%
64,560
-14,670
-19% -$184K
EQR icon
752
Equity Residential
EQR
$24.7B
$777K 0.04%
11,800
-9,050
-43% -$592K
AMG icon
753
Affiliated Managers Group
AMG
$9.7B
$772K 0.04%
4,650
+2,880
+163% +$460K
BLD
754
DELISTED
TopBuild
BLD
$772K 0.04%
14,550
+5,880
+68% +$301K
MTDR icon
755
Matador Resources
MTDR
$6.39B
$769K 0.04%
+35,970
New +$816K
PRA
756
DELISTED
ProAssurance
PRA
$767K 0.04%
12,620
+490
+4% +$29.4K
PARA
757
DELISTED
Paramount Global Class B
PARA
$765K 0.04%
12,000
-11,780
-50% -$754K
PHM icon
758
Pultegroup
PHM
$24.9B
$763K 0.04%
31,130
– –
PAY
759
DELISTED
Verifone Systems Inc
PAY
$763K 0.04%
42,130
-8,720
-17% -$157K
COR icon
760
Cencora
COR
$59.2B
$762K 0.04%
8,060
+2,670
+50% +$238K
HSII
761
DELISTED
Heidrick & Struggles
HSII
$762K 0.04%
35,070
-180
-0.5% -$4.11K
VIA
762
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
$762K 0.04%
+8,108
New +$784K
MCY icon
763
Mercury Insurance
MCY
$5.81B
$761K 0.04%
14,090
-2,810
-17% -$159K
ACH
764
Accendra Health
ACH
$84.6M
$760K 0.04%
23,620
-4,570
-16% -$150K
SMRT
765
DELISTED
Stein Mart Inc
SMRT
$760K 0.04%
450,070
+330,580
+277% +$653K
TFIN icon
766
Triumph Financial Inc
TFIN
$1.87B
$759K 0.04%
+30,900
New +$716K
TDG icon
767
TransDigm Group
TDG
$68.9B
$758K 0.04%
2,820
+1,220
+76% +$310K
ROP icon
768
Roper Technologies
ROP
$39.3B
$757K 0.04%
3,270
– –
MIK
769
DELISTED
Michaels Stores, Inc
MIK
$756K 0.04%
+40,830
New +$850K
MOG.A icon
770
Moog Inc Class A
MOG.A
$13.5B
$755K 0.04%
10,520
-120
-1% -$8.3K
BGS icon
771
B&G Foods
BGS
$299M
$754K 0.04%
21,160
+3,090
+17% +$123K
KBH icon
772
KB Home
KBH
$3.45B
$753K 0.04%
31,400
-6,690
-18% -$142K
LITE icon
773
Lumentum
LITE
$78B
$750K 0.04%
13,150
+650
+5% +$34.9K
BCR
774
DELISTED
CR Bard Inc.
BCR
$749K 0.04%
2,370
-3,850
-62% -$1.14M
BHI
775
DELISTED
Baker Hughes
BHI
$746K 0.04%
13,690
– –
29 30
31
32 33

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VAS
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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
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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.