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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
SAFT icon
851
Safety Insurance
SAFT
$1.52B
$710K 0.04%
9,310
+2,370
+34% +$169K
MZTI
852
The Marzetti Company
MZTI
$3.22B
$708K 0.04%
5,890
-1,630
-22% -$197K
SAIA icon
853
Saia
SAIA
$10.1B
$708K 0.04%
11,300
+3,540
+46% +$195K
HAS icon
854
Hasbro
HAS
$13.6B
$707K 0.04%
7,240
-650
-8% -$65.9K
APC
855
DELISTED
Anadarko Petroleum
APC
$707K 0.04%
14,480
-3,550
-20% -$157K
KMX icon
856
CarMax
KMX
$8.52B
$706K 0.04%
9,310
-1,400
-13% -$93.3K
BHBK
857
DELISTED
Blue Hills Bancorp, Inc.
BHBK
$706K 0.04%
36,760
– –
EIG icon
858
Employers Holdings
EIG
$871M
$705K 0.04%
15,510
+4,520
+41% +$192K
WKC icon
859
World Kinect Corp
WKC
$1.9B
$703K 0.04%
20,720
-5,690
-22% -$203K
ZUMZ icon
860
Zumiez
ZUMZ
$319M
$703K 0.04%
38,850
+2,600
+7% +$35.4K
FISV
861
Fiserv Inc
FISV
$29.5B
$702K 0.04%
10,880
-3,120
-22% -$194K
SFNC icon
862
Simmons First National
SFNC
$3.46B
$702K 0.04%
24,240
+10,180
+72% +$271K
LPNT
863
DELISTED
LifePoint Health, Inc.
LPNT
$702K 0.04%
12,130
-3,450
-22% -$205K
AMRC icon
864
Ameresco
AMRC
$1.47B
$701K 0.04%
89,930
– –
CBRE icon
865
CBRE Group
CBRE
$44B
$701K 0.04%
18,520
-1,790
-9% -$65.9K
GIFI
866
DELISTED
Gulf Island Fabrication
GIFI
$701K 0.04%
55,280
+2,140
+4% +$24.5K
SKT icon
867
Tanger
SKT
$4.42B
$701K 0.04%
28,720
-8,510
-23% -$215K
MUSA icon
868
Murphy USA
MUSA
$10.4B
$700K 0.04%
10,140
-3,200
-24% -$223K
GVA icon
869
Granite Construction
GVA
$5.41B
$698K 0.04%
12,050
-3,320
-22% -$175K
LTC
870
LTC Properties
LTC
$2.1B
$698K 0.04%
14,850
+5,500
+59% +$271K
NBR icon
871
Nabors Industries
NBR
$1.35B
$698K 0.04%
1,729
-444
-20% -$162K
PFNX
872
DELISTED
Pfenex Inc.
PFNX
$698K 0.04%
230,970
– –
TREE icon
873
LendingTree
TREE
$461M
$697K 0.04%
2,850
+1,140
+67% +$246K
SHBI icon
874
Shore Bancshares
SHBI
$799M
$695K 0.04%
41,730
– –
QCRH icon
875
QCR Holdings
QCRH
$1.75B
$694K 0.04%
15,250
– –
33 34
35
36 37

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SFM
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AI
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PEA
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SUT
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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.