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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
MDC
926
DELISTED
M.D.C. Holdings, Inc.
MDC
$654K 0.03%
24,802
+7,218
+41% +$191K
J icon
927
Jacobs Solutions
J
$16.8B
$652K 0.03%
13,528
-955
-7% -$42.7K
MLM icon
928
Martin Marietta Materials
MLM
$32.7B
$652K 0.03%
3,160
-400
-11% -$84.5K
AFI
929
DELISTED
Armstrong Flooring, Inc.
AFI
$650K 0.03%
41,280
– –
EPAC icon
930
Enerpac Tool Group
EPAC
$1.89B
$649K 0.03%
25,360
+8,290
+49% +$203K
GMED icon
931
Globus Medical
GMED
$11.5B
$649K 0.03%
21,840
-6,030
-22% -$184K
MLKN icon
932
MillerKnoll
MLKN
$1.62B
$649K 0.03%
18,090
-4,530
-20% -$152K
ALEX
933
DELISTED
Alexander & Baldwin
ALEX
$648K 0.03%
13,980
-3,850
-22% -$166K
PXD
934
DELISTED
Pioneer Natural Resource Co.
PXD
$648K 0.03%
4,390
-1,090
-20% -$157K
NPO icon
935
Enpro
NPO
$7.12B
$645K 0.03%
8,010
+2,950
+58% +$215K
VRE
936
DELISTED
Veris Residential
VRE
$644K 0.03%
27,170
-7,510
-22% -$185K
ROP icon
937
Roper Technologies
ROP
$39.3B
$643K 0.03%
2,640
-630
-19% -$148K
WMB icon
938
Williams Companies
WMB
$89.3B
$641K 0.03%
21,350
-4,980
-19% -$152K
IPCC
939
DELISTED
Infinity Property & Casualty C
IPCC
$638K 0.03%
6,770
+1,540
+29% +$143K
AVB icon
940
AvalonBay Communities
AVB
$26.3B
$637K 0.03%
3,570
-860
-19% -$161K
AVNS
941
DELISTED
Avanos Medical
AVNS
$637K 0.03%
14,150
-3,470
-20% -$148K
BHE icon
942
Benchmark Electronics
BHE
$2.89B
$637K 0.03%
18,660
+6,940
+59% +$228K
UNFI icon
943
United Natural Foods
UNFI
$2.94B
$637K 0.03%
15,310
-3,790
-20% -$141K
HZO icon
944
MarineMax
HZO
$1.15B
$636K 0.03%
38,420
+3,500
+10% +$57.1K
ADSK icon
945
Autodesk
ADSK
$54.5B
$635K 0.03%
5,660
-610
-10% -$67.3K
KRG icon
946
Kite Realty
KRG
$5.31B
$635K 0.03%
31,360
+11,640
+59% +$233K
LTXB
947
DELISTED
LegacyTexas Financial Group Inc
LTXB
$635K 0.03%
15,900
+6,060
+62% +$228K
XOXO
948
DELISTED
Xo Group Inc
XOXO
$635K 0.03%
32,280
+3,500
+12% +$64.4K
VG
949
DELISTED
Vonage Holdings Corporation
VG
$634K 0.03%
+77,860
New +$586K
GME icon
950
GameStop
GME
$8.33B
$633K 0.03%
122,520
-31,360
-20% -$162K
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
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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.