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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
KNGT
926
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
$583K 0.03%
15,740
+560
+4% +$20.7K
EXPE icon
927
Expedia Group
EXPE
$39.4B
$581K 0.03%
3,900
– –
ORN icon
928
Orion Group Holdings
ORN
$392M
$578K 0.03%
77,290
+9,840
+15% +$73.5K
UBA
929
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$577K 0.03%
29,170
+22,620
+345% +$445K
BYD icon
930
Boyd Gaming
BYD
$6.05B
$576K 0.03%
23,220
-28,830
-55% -$695K
PVH icon
931
PVH
PVH
$3.77B
$576K 0.03%
5,030
– –
TTNP
932
DELISTED
Titan Pharmaceuticals
TTNP
$576K 0.03%
+84
New +$782K
IXYS
933
DELISTED
IXYS Corp
IXYS
$576K 0.03%
34,990
-16,590
-32% -$248K
STMP
934
DELISTED
Stamps.com, Inc.
STMP
$576K 0.03%
3,720
+110
+3% +$13.9K
ROG icon
935
Rogers Corp
ROG
$2.46B
$573K 0.03%
5,270
+1,160
+28% +$118K
SWKS icon
936
Skyworks Solutions
SWKS
$10.5B
$573K 0.03%
5,970
-2,290
-28% -$235K
VIAV icon
937
Viavi Solutions
VIAV
$10.6B
$573K 0.03%
54,370
+2,080
+4% +$22.4K
KBAL
938
DELISTED
Kimball International
KBAL
$573K 0.03%
34,320
-14,710
-30% -$255K
VTRS icon
939
Viatris
VTRS
$18.4B
$572K 0.03%
14,730
-2,950
-17% -$113K
CXO
940
DELISTED
CONCHO RESOURCES INC.
CXO
$572K 0.03%
4,710
– –
NGVT icon
941
Ingevity
NGVT
$2.59B
$571K 0.03%
9,940
+320
+3% +$18.8K
PDCE
942
DELISTED
PDC Energy, Inc.
PDCE
$569K 0.03%
13,200
+480
+4% +$25.3K
GEN icon
943
Gen Digital
GEN
$17.7B
$568K 0.03%
20,120
– –
PETS icon
944
PetMed Express
PETS
$43.4M
$568K 0.03%
13,970
+9,320
+200% +$289K
SAH icon
945
Sonic Automotive
SAH
$2.51B
$568K 0.03%
29,230
+23,250
+389% +$443K
KAMN
946
DELISTED
Kaman Corp
KAMN
$568K 0.03%
11,400
+5,260
+86% +$256K
AGX icon
947
Argan
AGX
$7.84B
$561K 0.03%
9,350
– –
ANDE icon
948
Andersons Inc
ANDE
$2.21B
$561K 0.03%
16,430
+10,490
+177% +$375K
HOPE icon
949
Hope Bancorp
HOPE
$1.85B
$560K 0.03%
30,011
+970
+3% +$18K
SCSC icon
950
Scansource
SCSC
$1.06B
$560K 0.03%
13,890
+8,160
+142% +$317K
36 37
38
39 40

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.