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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
FITB
876
Fifth Third Bancorp
FITB
$52.5B
$637K 0.03%
24,520
-23,340
-49% -$577K
ADSK icon
877
Autodesk
ADSK
$54.5B
$632K 0.03%
6,270
– –
CNC icon
878
Centene
CNC
$32.6B
$632K 0.03%
15,820
+4,960
+46% +$187K
TNK icon
879
Teekay Tankers
TNK
$2.9B
$630K 0.03%
+41,895
New +$648K
AVP
880
DELISTED
Avon Products, Inc.
AVP
$628K 0.03%
165,390
-37,530
-18% -$147K
CHMI
881
Cherry Hill Mortgage Investment Corp
CHMI
$108M
$627K 0.03%
33,960
– –
UVV icon
882
Universal Corp
UVV
$1.12B
$627K 0.03%
9,690
-130
-1% -$9.02K
OMC icon
883
Omnicom Group
OMC
$24.2B
$624K 0.03%
7,530
-15,980
-68% -$1.33M
NEOG icon
884
Neogen
NEOG
$2.59B
$623K 0.03%
24,027
+1,174
+5% +$28.1K
ESND
885
DELISTED
Essendant Inc.
ESND
$623K 0.03%
42,000
+33,530
+396% +$530K
CVLG icon
886
Covenant Logistics
CVLG
$880M
$622K 0.03%
+70,960
New +$639K
TCS
887
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
$620K 0.03%
6,978
+1,659
+31% +$119K
FLIR
888
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$620K 0.03%
17,900
+13,540
+311% +$494K
URBN icon
889
Urban Outfitters
URBN
$6.53B
$618K 0.03%
33,360
+25,150
+306% +$517K
RTEC
890
DELISTED
Rudolph Technologies Inc
RTEC
$618K 0.03%
27,030
+20,010
+285% +$477K
GIFI
891
DELISTED
Gulf Island Fabrication
GIFI
$617K 0.03%
53,140
+50,150
+1,677% +$505K
VFC icon
892
VF Corp
VFC
$5.79B
$617K 0.03%
11,374
-6,415
-36% -$331K
ICUI icon
893
ICU Medical
ICUI
$4.58B
$614K 0.03%
3,560
+200
+6% +$32.1K
COHU icon
894
Cohu
COHU
$2.76B
$613K 0.03%
38,940
-21,380
-35% -$391K
SM icon
895
SM Energy
SM
$7.71B
$611K 0.03%
36,970
-7,670
-17% -$152K
SLCA
896
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$611K 0.03%
+17,220
New +$678K
PSB
897
DELISTED
PS Business Parks, Inc.
PSB
$610K 0.03%
4,610
+150
+3% +$18.7K
FTV icon
898
Fortive
FTV
$18.7B
$607K 0.03%
15,184
– –
POWI icon
899
Power Integrations
POWI
$3.48B
$606K 0.03%
16,620
+1,020
+7% +$33.8K
SHOE
900
Shoe Station Group
SHOE
$415M
$606K 0.03%
58,060
+8,820
+18% +$97.2K
34 35
36
37 38

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
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
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.