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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
DXC icon
951
DXC Technology
DXC
$1.79B
$632K 0.03%
8,506
-2,185
-20% -$155K
TDG icon
952
TransDigm Group
TDG
$68.9B
$632K 0.03%
2,470
-350
-12% -$94.7K
TPH
953
DELISTED
Tri Pointe Homes
TPH
$632K 0.03%
45,770
-15,630
-25% -$208K
MTB icon
954
M&T Bank
MTB
$36.6B
$631K 0.03%
3,920
-1,080
-22% -$170K
WDR
955
DELISTED
Waddell & Reed Financial, Inc.
WDR
$630K 0.03%
31,370
+11,490
+58% +$221K
AGX icon
956
Argan
AGX
$7.84B
$629K 0.03%
9,350
– –
MPAA icon
957
Motorcar Parts of America
MPAA
$235M
$629K 0.03%
21,330
+2,590
+14% +$70.2K
NVRI icon
958
Enviri
NVRI
$564M
$629K 0.03%
30,090
+11,160
+59% +$190K
NTRI
959
DELISTED
NutriSystem, Inc.
NTRI
$627K 0.03%
11,220
+4,170
+59% +$226K
EQR icon
960
Equity Residential
EQR
$24.7B
$626K 0.03%
9,490
-2,310
-20% -$155K
MCY icon
961
Mercury Insurance
MCY
$5.81B
$626K 0.03%
11,040
-3,050
-22% -$173K
PCH
962
DELISTED
PotlatchDeltic
PCH
$626K 0.03%
12,280
-3,400
-22% -$161K
AFAM
963
DELISTED
Almost Family Inc
AFAM
$626K 0.03%
11,650
+8,840
+315% +$451K
INN
964
Summit Hotel Properties
INN
$656M
$625K 0.03%
39,110
+14,480
+59% +$235K
HMSY
965
DELISTED
HMS Holdings Corp.
HMSY
$625K 0.03%
31,480
+11,750
+60% +$218K
HPE icon
966
Hewlett Packard
HPE
$79.2B
$624K 0.03%
42,430
-26,867
-39% -$367K
EL icon
967
Estee Lauder
EL
$31.6B
$623K 0.03%
5,780
-1,320
-19% -$135K
WOR icon
968
Worthington Enterprises
WOR
$2.85B
$623K 0.03%
21,962
-4,947
-18% -$154K
QEP
969
DELISTED
QEP RESOURCES, INC.
QEP
$623K 0.03%
72,740
-18,480
-20% -$151K
AIN icon
970
Albany International
AIN
$1.82B
$622K 0.03%
10,840
+4,020
+59% +$215K
ALGT icon
971
Allegiant Air
ALGT
$2.36B
$622K 0.03%
4,720
+1,620
+52% +$209K
ESND
972
DELISTED
Essendant Inc.
ESND
$622K 0.03%
47,230
+5,230
+12% +$66.1K
SCG
973
DELISTED
Scana
SCG
$621K 0.03%
12,810
-860
-6% -$52.7K
NAVG
974
DELISTED
Navigators Group Inc
NAVG
$621K 0.03%
10,640
+3,110
+41% +$174K
DFS
975
DELISTED
Discover Financial Services
DFS
$620K 0.03%
9,620
-3,350
-26% -$203K
37 38
39
40 41

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 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.