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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
ATI icon
776
ATI
ATI
$30.9B
$787K 0.04%
32,930
-8,140
-20% -$161K
TTMI icon
777
TTM Technologies
TTMI
$14.6B
$787K 0.04%
51,190
+14,290
+39% +$223K
UCB
778
United Community Banks
UCB
$4.43B
$784K 0.04%
27,480
+10,730
+64% +$290K
ROIC
779
DELISTED
Retail Opportunity Investments Corp.
ROIC
$783K 0.04%
41,170
+15,240
+59% +$302K
KMPR icon
780
Kemper
KMPR
$1.59B
$781K 0.04%
14,740
-3,660
-20% -$167K
OII icon
781
Oceaneering
OII
$5.11B
$781K 0.04%
29,720
-7,620
-20% -$185K
CVLT icon
782
Commault Systems
CVLT
$6.26B
$778K 0.04%
12,800
-3,340
-21% -$199K
SBH icon
783
Sally Beauty Holdings
SBH
$1.55B
$778K 0.04%
39,730
-14,920
-27% -$293K
MDRX
784
DELISTED
Veradigm Inc. Common Stock
MDRX
$777K 0.04%
54,630
-15,420
-22% -$199K
PHM icon
785
Pultegroup
PHM
$24.9B
$776K 0.04%
28,380
-2,750
-9% -$69.6K
IDCC icon
786
InterDigital
IDCC
$8.88B
$774K 0.04%
10,500
-2,890
-22% -$212K
SEM
787
DELISTED
Select Medical
SEM
$774K 0.04%
74,852
+27,765
+59% +$256K
TDS icon
788
Telephone and Data Systems
TDS
$4.03B
$774K 0.04%
27,750
-8,460
-23% -$239K
MDR
789
DELISTED
McDermott International
MDR
$774K 0.04%
+35,503
New +$712K
GIS icon
790
General Mills
GIS
$20.8B
$772K 0.04%
14,910
-4,230
-22% -$232K
UE icon
791
Urban Edge Properties
UE
$2.78B
$772K 0.04%
32,010
-5,620
-15% -$139K
BRC icon
792
Brady Corp
BRC
$4.43B
$771K 0.04%
20,320
+6,680
+49% +$228K
INDB icon
793
Independent Bank
INDB
$4.05B
$771K 0.04%
10,330
+3,890
+60% +$271K
AIZ icon
794
Assurant
AIZ
$13.9B
$769K 0.04%
8,050
-520
-6% -$51.9K
KSU
795
DELISTED
Kansas City Southern
KSU
$768K 0.04%
7,060
-710
-9% -$74.5K
ANF icon
796
Abercrombie & Fitch
ANF
$4.84B
$764K 0.04%
52,930
+9,550
+22% +$109K
SUPN icon
797
Supernus Pharmaceuticals
SUPN
$2.74B
$763K 0.04%
19,080
+7,250
+61% +$314K
VSH icon
798
Vishay Intertechnology
VSH
$5.11B
$763K 0.04%
40,570
-11,170
-22% -$197K
CCOI icon
799
Cogent Communications
CCOI
$530M
$761K 0.04%
15,560
+5,890
+61% +$261K
OSBC icon
800
Old Second Bancorp
OSBC
$1.31B
$761K 0.04%
56,610
– –
30 31
32
33 34

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VAS
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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 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.