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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
MTDR icon
826
Matador Resources
MTDR
$6.39B
$732K 0.04%
26,970
-9,000
-25% -$214K
GBNK
827
DELISTED
Guaranty Bancorp
GBNK
$732K 0.04%
26,320
– –
UNIT
828
Uniti Group
UNIT
$2.38B
$731K 0.04%
49,880
-11,070
-18% -$234K
AHL
829
DELISTED
ASPEN Insurance Holding Limited
AHL
$731K 0.04%
18,100
-5,060
-22% -$234K
FELE icon
830
Franklin Electric
FELE
$4.68B
$730K 0.04%
16,280
+5,380
+49% +$218K
SCL icon
831
Stepan Co
SCL
$1.48B
$730K 0.04%
8,730
+2,820
+48% +$232K
CVG
832
DELISTED
Convergys
CVG
$730K 0.04%
28,210
-7,460
-21% -$179K
SRCI
833
DELISTED
SRC Energy Inc
SRCI
$729K 0.04%
75,360
+27,980
+59% +$221K
PGR icon
834
Progressive
PGR
$121B
$728K 0.04%
15,030
-3,530
-19% -$165K
AEO icon
835
American Eagle Outfitters
AEO
$2.73B
$727K 0.04%
50,870
-13,690
-21% -$168K
ASFI
836
DELISTED
Asta Funding Inc
ASFI
$723K 0.04%
95,750
– –
UBA
837
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$722K 0.04%
33,310
+4,140
+14% +$86.5K
WLY icon
838
John Wiley & Sons Class A
WLY
$2.63B
$721K 0.04%
13,480
-3,810
-22% -$204K
GATX icon
839
GATX Corp
GATX
$6.33B
$720K 0.04%
11,700
-3,180
-21% -$196K
OMCL icon
840
Omnicell
OMCL
$1.72B
$720K 0.04%
14,100
+5,320
+61% +$255K
PPG icon
841
PPG Industries
PPG
$25.5B
$720K 0.04%
6,630
-1,850
-22% -$197K
WD icon
842
Walker & Dunlop
WD
$1.47B
$719K 0.04%
13,740
+4,050
+42% +$197K
ESL
843
DELISTED
Esterline Technologies
ESL
$719K 0.04%
7,980
-3,510
-31% -$317K
EXPO icon
844
Exponent
EXPO
$3.24B
$718K 0.04%
19,420
+7,200
+59% +$238K
MIK
845
DELISTED
Michaels Stores, Inc
MIK
$717K 0.04%
33,390
-7,440
-18% -$152K
SFM icon
846
Sprouts Farmers Market
SFM
$7.71B
$716K 0.04%
38,140
-11,750
-24% -$260K
BIG
847
DELISTED
Big Lots, Inc.
BIG
$716K 0.04%
13,370
-3,920
-23% -$193K
CARS icon
848
Cars.com
CARS
$672M
$714K 0.04%
26,850
-5,980
-18% -$152K
GPOR
849
DELISTED
Gulfport Energy Corp.
GPOR
$714K 0.04%
49,770
-11,070
-18% -$144K
ODP
850
DELISTED
ODP
ODP
$712K 0.04%
15,679
-4,263
-21% -$211K
32 33
34
35 36

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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.