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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
CRS icon
851
Carpenter Technology
CRS
$26.6B
$660K 0.03%
17,640
-3,730
-17% -$138K
AMP icon
852
Ameriprise Financial
AMP
$50.4B
$659K 0.03%
5,180
– –
KS
853
DELISTED
KapStone Paper and Pack Corp.
KS
$659K 0.03%
31,980
+7,800
+32% +$168K
BHBK
854
DELISTED
Blue Hills Bancorp, Inc.
BHBK
$658K 0.03%
+36,760
New +$666K
MITT
855
TPG Mortgage Investment Trust
MITT
$214M
$657K 0.03%
11,967
+1,814
+18% +$101K
PIR
856
DELISTED
Pier 1 Imports, Inc.
PIR
$657K 0.03%
6,326
– –
OSBC icon
857
Old Second Bancorp
OSBC
$1.31B
$654K 0.03%
+56,610
New +$658K
MCO icon
858
Moody's
MCO
$84.6B
$653K 0.03%
5,370
– –
HIG icon
859
Hartford Financial Services
HIG
$37.8B
$652K 0.03%
12,400
-15,880
-56% -$787K
J icon
860
Jacobs Solutions
J
$16.8B
$651K 0.03%
14,483
-3,736
-21% -$166K
KEY icon
861
KeyCorp
KEY
$24.6B
$649K 0.03%
34,630
– –
MDCO
862
DELISTED
Medicines Co
MDCO
$648K 0.03%
17,050
+1,200
+8% +$53.4K
CBU icon
863
Community Bank
CBU
$3.46B
$647K 0.03%
11,600
+1,460
+14% +$80.8K
QCP
864
DELISTED
Quality Care Properties, Inc.
QCP
$647K 0.03%
35,340
-8,030
-19% -$144K
CAG icon
865
Conagra Brands
CAG
$7.39B
$646K 0.03%
18,040
+4,770
+36% +$185K
AVA icon
866
Avista
AVA
$3.24B
$645K 0.03%
15,180
+520
+4% +$21.7K
SMTC icon
867
Semtech
SMTC
$12.4B
$645K 0.03%
18,040
+3,100
+21% +$109K
CERN
868
DELISTED
Cerner Corp
CERN
$645K 0.03%
9,710
-7,780
-44% -$497K
GT icon
869
Goodyear
GT
$1.78B
$644K 0.03%
18,420
-1,910
-9% -$65.8K
MNST icon
870
Monster Beverage
MNST
$91.4B
$644K 0.03%
51,840
– –
FIVE icon
871
Five Below
FIVE
$13.4B
$643K 0.03%
13,020
+530
+4% +$26.1K
TTMI icon
872
TTM Technologies
TTMI
$14.6B
$641K 0.03%
36,900
-2,490
-6% -$41.8K
SJI
873
DELISTED
South Jersey Industries, Inc.
SJI
$641K 0.03%
18,760
+700
+4% +$25.4K
HVT icon
874
Haverty Furniture Companies
HVT
$450M
$640K 0.03%
25,520
+17,490
+218% +$426K
WWW icon
875
Wolverine World Wide
WWW
$1.63B
$640K 0.03%
22,840
+360
+2% +$9.1K
33 34
35
36 37

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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
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
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.