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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
PCAR icon
776
PACCAR
PCAR
$68.8B
$744K 0.04%
16,890
– –
STL
777
DELISTED
Sterling Bancorp
STL
$744K 0.04%
32,010
-2,560
-7% -$58.6K
VRTV
778
DELISTED
VERITIV CORPORATION
VRTV
$743K 0.04%
16,510
+2,970
+22% +$136K
AFI
779
DELISTED
Armstrong Flooring, Inc.
AFI
$742K 0.04%
+41,280
New +$773K
GVA icon
780
Granite Construction
GVA
$5.41B
$741K 0.04%
15,370
-2,770
-15% -$138K
CBRE icon
781
CBRE Group
CBRE
$44B
$739K 0.04%
20,310
+10,750
+112% +$374K
ALEX
782
DELISTED
Alexander & Baldwin
ALEX
$738K 0.04%
17,830
-3,520
-16% -$151K
CTB
783
DELISTED
Cooper Tire & Rubber Co.
CTB
$738K 0.04%
20,430
-4,090
-17% -$158K
GRMN
784
Garmin
GRMN
$60.2B
$736K 0.04%
14,430
+3,260
+29% +$167K
SPTN
785
DELISTED
SpartanNash
SPTN
$735K 0.04%
28,300
-4,430
-14% -$146K
PZZA icon
786
Papa John's
PZZA
$804M
$733K 0.04%
10,220
-2,090
-17% -$165K
JBTM
787
JBT Marel
JBTM
$6.1B
$732K 0.04%
7,470
+830
+13% +$73.7K
FBNC icon
788
First Bancorp
FBNC
$2.74B
$731K 0.04%
+23,380
New +$692K
OKE icon
789
Oneok
OKE
$58.4B
$726K 0.04%
13,900
+5,680
+69% +$294K
MDLY
790
DELISTED
Medley Management Inc
MDLY
$725K 0.04%
+11,154
New +$759K
QCRH icon
791
QCR Holdings
QCRH
$1.75B
$723K 0.04%
+15,250
New +$687K
BELFB
792
Bel Fuse Inc Class B
BELFB
$4.13B
$722K 0.04%
29,240
+27,310
+1,415% +$657K
BBY icon
793
Best Buy
BBY
$18B
$721K 0.04%
12,560
-2,540
-17% -$136K
BCO icon
794
Brink's
BCO
$4.72B
$718K 0.04%
10,720
+460
+4% +$28.3K
NSR
795
DELISTED
Neustar Inc
NSR
$718K 0.04%
21,530
-3,440
-14% -$114K
NKTR icon
796
Nektar Therapeutics
NKTR
$2.57B
$717K 0.04%
2,444
+116
+5% +$33.5K
PCH
797
DELISTED
PotlatchDeltic
PCH
$717K 0.04%
15,680
-3,000
-16% -$138K
GBNK
798
DELISTED
Guaranty Bancorp
GBNK
$716K 0.04%
+26,320
New +$666K
GPI icon
799
Group 1 Automotive
GPI
$3.14B
$711K 0.04%
11,230
+6,700
+148% +$430K
INCY icon
800
Incyte
INCY
$24.4B
$711K 0.04%
5,650
– –
30 31
32
33 34

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SFM
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AI
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PEA
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SUT
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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.