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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
DXC icon
801
DXC Technology
DXC
$1.79B
$710K 0.04%
+10,691
New +$710K
GNW icon
802
Genworth Financial
GNW
$3.77B
$710K 0.04%
188,210
-40,130
-18% -$152K
KMPR icon
803
Kemper
KMPR
$1.59B
$710K 0.04%
18,400
-3,900
-17% -$153K
LUMN icon
804
Lumen
LUMN
$6.6B
$710K 0.04%
29,720
-3,910
-12% -$98.2K
NBN icon
805
Northeast Bank
NBN
$1.16B
$707K 0.04%
+34,730
New +$634K
KR icon
806
Kroger
KR
$35.1B
$706K 0.04%
30,290
– –
EAT icon
807
Brinker International
EAT
$10.2B
$703K 0.04%
18,460
-4,300
-19% -$179K
UNFI icon
808
United Natural Foods
UNFI
$2.94B
$701K 0.03%
19,100
-4,300
-18% -$173K
AVD icon
809
American Vanguard Corp
AVD
$62.8M
$700K 0.03%
40,540
+30,150
+290% +$519K
ATI icon
810
ATI
ATI
$30.9B
$699K 0.03%
41,070
-8,850
-18% -$149K
PEG icon
811
Public Service Enterprise Group
PEG
$37.8B
$698K 0.03%
16,220
– –
INVX
812
Innovex International
INVX
$2.15B
$697K 0.03%
14,280
-3,140
-18% -$162K
CEVA icon
813
CEVA Inc
CEVA
$855M
$693K 0.03%
15,260
+8,150
+115% +$335K
AMRC icon
814
Ameresco
AMRC
$1.47B
$692K 0.03%
+89,930
New +$604K
AVNS
815
DELISTED
Avanos Medical
AVNS
$692K 0.03%
17,620
-3,880
-18% -$147K
FFIV icon
816
F5
FFIV
$23.6B
$692K 0.03%
5,450
+3,330
+157% +$436K
GWB
817
DELISTED
Great Western Bancorp, Inc.
GWB
$692K 0.03%
16,940
+3,530
+26% +$142K
FFIN icon
818
First Financial Bankshares
FFIN
$5.04B
$690K 0.03%
31,220
+1,180
+4% +$23.7K
PH icon
819
Parker-Hannifin
PH
$134B
$690K 0.03%
4,320
– –
SYNA icon
820
Synaptics
SYNA
$4.2B
$690K 0.03%
13,350
-2,780
-17% -$152K
CBZ icon
821
CBIZ
CBZ
$2.96B
$689K 0.03%
45,900
-21,990
-32% -$329K
RVSB icon
822
Riverview Bancorp
RVSB
$107M
$689K 0.03%
103,820
– –
AEIS icon
823
Advanced Energy
AEIS
$13.2B
$688K 0.03%
10,630
-750
-7% -$54.8K
MLKN icon
824
MillerKnoll
MLKN
$1.62B
$688K 0.03%
22,620
-5,180
-19% -$165K
SIGI icon
825
Selective Insurance
SIGI
$5.59B
$688K 0.03%
13,740
-3,030
-18% -$150K
31 32
33
34 35

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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
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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.