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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
BXP icon
901
Boston Properties
BXP
$11B
$605K 0.03%
4,920
– –
CPS icon
902
Cooper-Standard Automotive
CPS
$484M
$605K 0.03%
5,990
-650
-10% -$69.6K
BBWI icon
903
Bath & Body Works
BBWI
$3.76B
$604K 0.03%
13,854
-582
-4% -$23.9K
CTXS
904
DELISTED
Citrix Systems Inc
CTXS
$604K 0.03%
7,590
-1,370
-15% -$114K
LCII icon
905
LCI Industries
LCII
$2.6B
$603K 0.03%
5,890
-810
-12% -$77.7K
ABG icon
906
Asbury Automotive
ABG
$3.78B
$602K 0.03%
10,650
+6,180
+138% +$355K
SPN
907
DELISTED
Superior Energy Services, Inc.
SPN
$602K 0.03%
5,771
-1,181
-17% -$137K
IBKR icon
908
Interactive Brokers
IBKR
$41.4B
$601K 0.03%
64,200
+2,080
+3% +$18.5K
UFI icon
909
UNIFI
UFI
$120M
$601K 0.03%
19,500
+2,970
+18% +$83.9K
VIAB
910
DELISTED
Viacom Inc. Class B
VIAB
$601K 0.03%
17,920
+3,440
+24% +$131K
DRH icon
911
Diamondrock Hospitality Co
DRH
$2.51B
$600K 0.03%
54,800
+320
+0.6% +$3.58K
DG icon
912
Dollar General
DG
$26.9B
$598K 0.03%
8,300
– –
PLAB icon
913
Photronics
PLAB
$1.97B
$592K 0.03%
62,940
-8,710
-12% -$92K
WAGE
914
DELISTED
WageWorks, Inc.
WAGE
$591K 0.03%
8,800
+430
+5% +$30.6K
ESV
915
DELISTED
Ensco Rowan plc
ESV
$591K 0.03%
28,610
-6,508
-19% -$187K
PAYX icon
916
Paychex
PAYX
$44.6B
$588K 0.03%
10,330
– –
PLAY icon
917
Dave & Buster's
PLAY
$370M
$588K 0.03%
8,840
+290
+3% +$19K
APA icon
918
APA Corp
APA
$14B
$587K 0.03%
12,240
– –
WPG
919
DELISTED
Washington Prime Group Inc.
WPG
$586K 0.03%
7,777
-1,712
-18% -$129K
BGFV
920
DELISTED
Big 5 Sporting Goods
BGFV
$584K 0.03%
44,800
+7,500
+20% +$108K
KN icon
921
Knowles
KN
$3.23B
$583K 0.03%
34,440
-6,520
-16% -$117K
THC icon
922
Tenet Healthcare
THC
$21.5B
$583K 0.03%
30,150
-6,660
-18% -$116K
BCPC
923
Balchem Corp
BCPC
$5.65B
$583K 0.03%
7,500
+290
+4% +$23.1K
CBM
924
DELISTED
Cambrex Corporation
CBM
$583K 0.03%
9,760
+680
+7% +$38.2K
DF
925
DELISTED
Dean Foods Company
DF
$583K 0.03%
34,270
-7,250
-17% -$136K
35 36
37
38 39

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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
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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 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.