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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OI icon
876
O-I Glass
OI
$1.05B
$637K 0.03%
37,900
-12,780
-25% -$247K
RCKY icon
877
Rocky Brands
RCKY
$353M
$637K 0.03%
21,220
– –
VPG icon
878
Vishay Precision Group
VPG
$908M
$636K 0.03%
16,670
– –
UCB
879
United Community Banks
UCB
$4.43B
$636K 0.03%
20,740
-8,650
-29% -$282K
AX icon
880
Axos Financial
AX
$5.72B
$635K 0.03%
15,520
-6,450
-29% -$268K
CADE
881
DELISTED
Cadence Bank
CADE
$634K 0.03%
19,230
-6,370
-25% -$213K
SFM icon
882
Sprouts Farmers Market
SFM
$7.71B
$634K 0.03%
28,740
-9,400
-25% -$213K
SWN
883
DELISTED
Southwestern Energy Company
SWN
$634K 0.03%
119,640
-34,360
-22% -$159K
MZTI
884
The Marzetti Company
MZTI
$3.22B
$633K 0.03%
4,570
-1,320
-22% -$169K
RHT
885
DELISTED
Red Hat Inc
RHT
$633K 0.03%
4,710
-3,610
-43% -$582K
AVNS
886
DELISTED
Avanos Medical
AVNS
$631K 0.03%
11,020
-3,130
-22% -$165K
AKR icon
887
Acadia Realty Trust
AKR
$2.86B
$630K 0.03%
23,000
-10,450
-31% -$263K
AAN.A
888
DELISTED
The Aaron's Company Inc Class A
AAN.A
$630K 0.03%
14,510
-4,310
-23% -$187K
AVB icon
889
AvalonBay Communities
AVB
$26.3B
$629K 0.03%
3,660
+90
+3% +$14.9K
CNMD icon
890
CONMED
CNMD
$1.49B
$628K 0.03%
8,590
-1,350
-14% -$91.8K
AJRD
891
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$628K 0.03%
21,280
-8,720
-29% -$252K
CCOI icon
892
Cogent Communications
CCOI
$530M
$627K 0.03%
11,750
-4,770
-29% -$237K
IVR icon
893
Invesco Mortgage Capital
IVR
$805M
$627K 0.03%
3,948
-509
-11% -$82.6K
NUVA
894
DELISTED
NuVasive, Inc.
NUVA
$626K 0.03%
12,010
-3,920
-25% -$205K
MTX icon
895
Minerals Technologies
MTX
$2.26B
$625K 0.03%
8,290
-2,720
-25% -$196K
PRAA icon
896
PRA Group
PRAA
$762M
$625K 0.03%
16,220
-1,820
-10% -$70.2K
EQR icon
897
Equity Residential
EQR
$24.7B
$622K 0.03%
9,760
+270
+3% +$16.8K
ORLY icon
898
O'Reilly Automotive
ORLY
$74.9B
$621K 0.03%
34,050
– –
HMSY
899
DELISTED
HMS Holdings Corp.
HMSY
$620K 0.03%
28,680
-4,430
-13% -$89.5K
SM icon
900
SM Energy
SM
$7.71B
$619K 0.03%
24,080
-6,880
-22% -$161K
34 35
36
37 38

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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 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.