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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
MEI icon
901
Methode Electronics
MEI
$593M
$665K 0.04%
15,710
+5,120
+48% +$203K
FLIR
902
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$665K 0.04%
17,080
-820
-5% -$31.1K
CMP icon
903
Compass Minerals
CMP
$1.1B
$664K 0.04%
10,230
-2,830
-22% -$189K
MDP
904
DELISTED
Meredith Corporation
MDP
$663K 0.04%
11,940
-2,220
-16% -$126K
DECK icon
905
Deckers Outdoor
DECK
$12.7B
$662K 0.04%
58,080
-16,020
-22% -$173K
WY icon
906
Weyerhaeuser
WY
$17.9B
$662K 0.04%
19,448
-4,670
-19% -$153K
MINI
907
DELISTED
Mobile Mini Inc
MINI
$661K 0.04%
19,160
+6,140
+47% +$188K
ESE icon
908
ESCO Technologies
ESE
$7.79B
$660K 0.03%
11,000
+3,620
+49% +$209K
FCF icon
909
First Commonwealth Financial
FCF
$2.19B
$660K 0.03%
46,710
+15,680
+51% +$202K
AKS
910
DELISTED
AK Steel Holding Corp
AKS
$660K 0.03%
118,120
+43,800
+59% +$250K
KLIC icon
911
Kulicke & Soffa
KLIC
$5.01B
$659K 0.03%
30,530
+9,890
+48% +$198K
WDC icon
912
Western Digital
WDC
$168B
$659K 0.03%
10,084
-1,984
-16% -$132K
ASRV icon
913
AmeriServ Financial
ASRV
$85M
$658K 0.03%
164,520
– –
SFBS
914
ServisFirst Bancshares
SFBS
$5B
$658K 0.03%
16,930
+6,470
+62% +$230K
SLGN icon
915
Silgan Holdings
SLGN
$4.46B
$658K 0.03%
22,350
-6,600
-23% -$201K
IBOC icon
916
International Bancshares
IBOC
$4.57B
$657K 0.03%
16,380
-6,060
-27% -$219K
PCAR icon
917
PACCAR
PCAR
$68.8B
$657K 0.03%
13,620
-3,270
-19% -$147K
ULTA icon
918
Ulta Beauty
ULTA
$22.2B
$657K 0.03%
2,910
-380
-12% -$91.5K
ACLS icon
919
Axcelis
ACLS
$4.42B
$656K 0.03%
23,980
– –
GES
920
DELISTED
Guess Inc
GES
$656K 0.03%
38,540
+8,280
+27% +$117K
MOV icon
921
Movado Group
MOV
$796M
$656K 0.03%
23,440
+2,220
+10% +$56.4K
YUM icon
922
Yum! Brands
YUM
$41.2B
$656K 0.03%
8,910
-2,250
-20% -$169K
NTGR icon
923
NETGEAR
NTGR
$647M
$655K 0.03%
13,760
+4,410
+47% +$205K
ARI
924
Apollo Commercial Real Estate
ARI
$886M
$654K 0.03%
36,110
+13,820
+62% +$250K
IESC icon
925
IES Holdings
IESC
$14.9B
$654K 0.03%
37,810
– –
35 36
37
38 39

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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.