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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
DKS icon
876
Dick's Sporting Goods
DKS
$18.1B
$691K 0.04%
25,600
-7,880
-24% -$251K
MITT
877
TPG Mortgage Investment Trust
MITT
$214M
$691K 0.04%
11,967
– –
PRGS icon
878
Progress Software
PRGS
$1.83B
$691K 0.04%
18,110
+6,600
+57% +$221K
ANDE icon
879
Andersons Inc
ANDE
$2.21B
$690K 0.04%
20,140
+3,710
+23% +$123K
PERY
880
DELISTED
Perry Ellis International Inc
PERY
$690K 0.04%
29,150
+1,790
+7% +$36.3K
MNRO icon
881
Monro
MNRO
$352M
$688K 0.04%
12,270
+4,580
+60% +$215K
CWT icon
882
California Water Service
CWT
$3.1B
$687K 0.04%
18,000
+6,670
+59% +$252K
SHOE
883
Shoe Station Group
SHOE
$415M
$686K 0.04%
61,340
+3,280
+6% +$30.4K
MDLY
884
DELISTED
Medley Management Inc
MDLY
$686K 0.04%
11,154
– –
PAY
885
DELISTED
Verifone Systems Inc
PAY
$686K 0.04%
33,830
-8,300
-20% -$162K
CPE
886
DELISTED
Callon Petroleum Company
CPE
$684K 0.04%
+6,081
New +$647K
PRSU
887
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$683K 0.04%
11,220
+2,860
+34% +$152K
CRS icon
888
Carpenter Technology
CRS
$26.6B
$679K 0.04%
14,140
-3,500
-20% -$140K
TRMK icon
889
Trustmark
TRMK
$2.8B
$679K 0.04%
20,490
-5,650
-22% -$176K
KBAL
890
DELISTED
Kimball International
KBAL
$679K 0.04%
34,320
– –
BGG
891
DELISTED
Briggs & Stratton Corp.
BGG
$679K 0.04%
28,920
+5,940
+26% +$135K
ANH
892
DELISTED
Anworth Mortgage Asset Corporation
ANH
$678K 0.04%
112,780
– –
AWR icon
893
American States Water
AWR
$3.52B
$677K 0.04%
13,740
+5,100
+59% +$252K
ACRE
894
Ares Commercial Real Estate
ACRE
$264M
$676K 0.04%
50,820
– –
CVSA
895
Covista Inc
CVSA
$4.49B
$673K 0.04%
18,780
-2,830
-13% -$96.7K
CNC icon
896
Centene
CNC
$32.6B
$672K 0.04%
13,880
-1,940
-12% -$83.5K
SAH icon
897
Sonic Automotive
SAH
$2.51B
$671K 0.04%
32,890
+3,660
+13% +$66.7K
ABCB icon
898
Ameris Bancorp
ABCB
$6B
$669K 0.04%
13,930
+5,160
+59% +$234K
CMC icon
899
Commercial Metals
CMC
$7.98B
$666K 0.04%
35,020
-9,670
-22% -$181K
NWBI icon
900
Northwest Bancshares
NWBI
$2.31B
$666K 0.04%
38,580
+14,540
+60% +$231K
34 35
36
37 38

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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 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.