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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
SCSC icon
801
Scansource
SCSC
$1.06B
$761K 0.04%
17,430
+3,540
+25% +$139K
MRLN
802
DELISTED
Marlin Business Services Corp
MRLN
$760K 0.04%
26,430
– –
SHW icon
803
Sherwin-Williams
SHW
$87.8B
$759K 0.04%
6,360
-1,470
-19% -$169K
KBR icon
804
KBR
KBR
$4.81B
$757K 0.04%
42,310
-12,950
-23% -$209K
UVV icon
805
Universal Corp
UVV
$1.12B
$756K 0.04%
13,200
+3,510
+36% +$210K
MLI icon
806
Mueller Industries
MLI
$14.7B
$755K 0.04%
86,440
+32,040
+59% +$246K
DRI icon
807
Darden Restaurants
DRI
$25.4B
$753K 0.04%
9,560
-760
-7% -$64K
MATW icon
808
Matthews International
MATW
$722M
$752K 0.04%
12,080
+4,470
+59% +$279K
ILMN icon
809
Illumina
ILMN
$29.1B
$751K 0.04%
3,876
-997
-20% -$186K
MTX icon
810
Minerals Technologies
MTX
$2.26B
$750K 0.04%
10,610
-2,930
-22% -$201K
ANDV
811
DELISTED
Andeavor
ANDV
$750K 0.04%
7,270
-1,200
-14% -$118K
AF
812
DELISTED
Astoria Financial Corporation
AF
$749K 0.04%
34,840
+13,200
+61% +$262K
PRLB icon
813
Protolabs
PRLB
$2.21B
$748K 0.04%
9,320
+3,560
+62% +$257K
FWRD icon
814
Forward Air
FWRD
$682M
$747K 0.04%
13,060
+4,200
+47% +$222K
CBZ icon
815
CBIZ
CBZ
$2.96B
$746K 0.04%
45,900
– –
NYT icon
816
New York Times
NYT
$10.3B
$745K 0.04%
38,020
-9,130
-19% -$170K
EFII
817
DELISTED
Electronics for Imaging
EFII
$744K 0.04%
17,440
+6,480
+59% +$265K
STI
818
DELISTED
SunTrust Banks, Inc.
STI
$741K 0.04%
12,400
-3,610
-23% -$204K
PENN icon
819
PENN Entertainment
PENN
$2.53B
$740K 0.04%
31,630
+12,100
+62% +$259K
AGTC
820
DELISTED
Applied Genetic Technologies Corporation
AGTC
$739K 0.04%
187,010
– –
HVT icon
821
Haverty Furniture Companies
HVT
$450M
$738K 0.04%
28,210
+2,690
+11% +$64.3K
JJSF icon
822
J&J Snack Foods
JJSF
$1.7B
$738K 0.04%
5,620
+2,090
+59% +$270K
KWR icon
823
Quaker Houghton
KWR
$2.95B
$738K 0.04%
4,990
+1,850
+59% +$263K
EXLS icon
824
EXL Service
EXLS
$5.36B
$737K 0.04%
63,200
+23,400
+59% +$262K
GRMN
825
Garmin
GRMN
$60.2B
$736K 0.04%
13,630
-800
-6% -$41.4K
31 32
33
34 35

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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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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.