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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
STLD icon
76
Steel Dynamics
STLD
$37.7B
$3.34M 0.17%
93,330
-19,660
-17% -$681K
IEX icon
77
IDEX
IEX
$17.7B
$3.33M 0.17%
29,460
-5,870
-17% -$617K
HII icon
78
Huntington Ingalls Industries
HII
$12.9B
$3.31M 0.16%
17,760
-3,730
-17% -$729K
INGR icon
79
Ingredion
INGR
$6.54B
$3.3M 0.16%
27,670
-5,880
-18% -$698K
BLK icon
80
Blackrock
BLK
$180B
$3.29M 0.16%
7,800
+3,880
+99% +$1.55M
BMY icon
81
Bristol-Myers Squibb
BMY
$130B
$3.27M 0.16%
58,630
-40,560
-41% -$2.21M
EWBC icon
82
East-West Bancorp
EWBC
$18.5B
$3.27M 0.16%
55,770
-11,040
-17% -$608K
CL icon
83
Colgate-Palmolive
CL
$73.6B
$3.26M 0.16%
44,030
+15,350
+54% +$1.14M
NVR icon
84
NVR
NVR
$16.8B
$3.25M 0.16%
1,350
-280
-17% -$631K
DD icon
85
DuPont de Nemours
DD
$19.5B
$3.24M 0.16%
20,293
+1,548
+8% +$246K
UGI icon
86
UGI
UGI
$7.53B
$3.23M 0.16%
66,830
-13,330
-17% -$663K
FDX icon
87
FedEx
FDX
$77.3B
$3.21M 0.16%
14,780
+3,530
+31% +$697K
AOS icon
88
A.O. Smith
AOS
$8.51B
$3.2M 0.16%
56,850
-11,600
-17% -$626K
CVS icon
89
CVS Health
CVS
$121B
$3.2M 0.16%
39,800
-23,600
-37% -$1.86M
RGA icon
90
Reinsurance Group of America
RGA
$16.1B
$3.19M 0.16%
24,860
-4,900
-16% -$619K
COST icon
91
Costco
COST
$421B
$3.18M 0.16%
19,900
+1,130
+6% +$195K
AFL icon
92
Aflac
AFL
$60.5B
$3.17M 0.16%
81,740
– –
RMP
93
DELISTED
Rice Midstream Partners LP
RMP
$3.16M 0.16%
+158,490
New +$3.8M
DCP
94
DELISTED
DCP Midstream, LP
DCP
$3.15M 0.16%
93,020
+8,230
+10% +$293K
ANDX
95
DELISTED
Andeavor Logistics LP
ANDX
$3.14M 0.16%
60,820
+650
+1% +$34.1K
GEL icon
96
Genesis Energy
GEL
$1.94B
$3.14M 0.16%
98,950
-1,230
-1% -$38.4K
ENLK
97
DELISTED
EnLink Midstream Partners, LP
ENLK
$3.13M 0.16%
184,710
+9,410
+5% +$163K
PAA icon
98
Plains All American Pipeline
PAA
$16.4B
$3.13M 0.16%
119,130
+14,550
+14% +$403K
TEP
99
DELISTED
Tallgrass Energy Partners, LP
TEP
$3.12M 0.16%
62,320
-740
-1% -$36.9K
ETP
100
DELISTED
Energy Transfer Partners, L.P.
ETP
$3.12M 0.16%
152,750
+19,780
+15% +$441K
2 3
4
5 6

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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.