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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
UFPI icon
826
UFP Industries
UFPI
$5.03B
$688K 0.03%
23,670
+2,820
+14% +$85.7K
ILG
827
DELISTED
ILG, Inc Common Stock
ILG
$687K 0.03%
24,990
-4,670
-16% -$118K
IESC icon
828
IES Holdings
IESC
$14.9B
$686K 0.03%
+37,810
New +$654K
SHBI icon
829
Shore Bancshares
SHBI
$799M
$686K 0.03%
+41,730
New +$692K
ASRV icon
830
AmeriServ Financial
ASRV
$85M
$683K 0.03%
+164,520
New +$662K
HZO icon
831
MarineMax
HZO
$1.15B
$682K 0.03%
34,920
+26,040
+293% +$509K
EL icon
832
Estee Lauder
EL
$31.6B
$681K 0.03%
7,100
– –
ANH
833
DELISTED
Anworth Mortgage Asset Corporation
ANH
$678K 0.03%
112,780
+10,040
+10% +$59.3K
KMX icon
834
CarMax
KMX
$8.52B
$676K 0.03%
10,710
+4,580
+75% +$277K
ONB icon
835
Old National Bancorp
ONB
$10.4B
$676K 0.03%
39,200
+2,620
+7% +$43.9K
DORM icon
836
Dorman Products
DORM
$3.95B
$675K 0.03%
8,160
+1,230
+18% +$100K
POLY
837
DELISTED
Plantronics, Inc.
POLY
$675K 0.03%
12,910
-2,330
-15% -$125K
ROK icon
838
Rockwell Automation
ROK
$49.5B
$672K 0.03%
4,150
– –
EGP icon
839
EastGroup Properties
EGP
$11B
$671K 0.03%
8,010
+570
+8% +$45.9K
ORLY icon
840
O'Reilly Automotive
ORLY
$74.9B
$669K 0.03%
45,900
– –
DNOW icon
841
DNOW Inc
DNOW
$2.95B
$668K 0.03%
41,560
-7,620
-15% -$130K
NTRS icon
842
Northern Trust
NTRS
$34.8B
$668K 0.03%
6,870
– –
CMD
843
DELISTED
Cantel Medical Corporation
CMD
$668K 0.03%
8,570
+290
+4% +$21.8K
ACRE
844
Ares Commercial Real Estate
ACRE
$264M
$665K 0.03%
50,820
+13,020
+34% +$175K
PLXS icon
845
Plexus
PLXS
$7.04B
$665K 0.03%
12,650
-300
-2% -$15.9K
MRLN
846
DELISTED
Marlin Business Services Corp
MRLN
$665K 0.03%
26,430
-3,030
-10% -$76.2K
FCFS icon
847
FirstCash
FCFS
$9.14B
$664K 0.03%
11,397
+340
+3% +$18K
BHR
848
Braemar Hotels & Resorts
BHR
$139M
$663K 0.03%
65,064
+18,463
+40% +$188K
GBCI icon
849
Glacier Bancorp
GBCI
$6.48B
$662K 0.03%
18,070
+590
+3% +$20.2K
HNI icon
850
HNI Corp
HNI
$3.56B
$662K 0.03%
16,610
-4,030
-20% -$176K
32 33
34
35 36

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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 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.