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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
TRMB icon
76
Trimble
TRMB
$13.1B
$3M 0.16%
76,570
-21,050
-22% -$801K
FDX icon
77
FedEx
FDX
$77.3B
$3M 0.16%
13,310
-1,470
-10% -$313K
BMY icon
78
Bristol-Myers Squibb
BMY
$130B
$3M 0.16%
47,050
-11,580
-20% -$676K
NVR icon
79
NVR
NVR
$16.8B
$3M 0.16%
1,050
-300
-22% -$804K
SHLX
80
DELISTED
Shell Midstream Partners, L.P.
SHLX
$3M 0.16%
107,700
+5,960
+6% +$167K
SIVB
81
DELISTED
SVB Financial Group
SIVB
$2.98M 0.16%
15,940
-4,320
-21% -$760K
MPLX icon
82
MPLX
MPLX
$60.8B
$2.98M 0.16%
85,070
-3,210
-4% -$111K
TCP
83
DELISTED
TC Pipelines LP
TCP
$2.97M 0.16%
56,710
+1,870
+3% +$101K
AM
84
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
$2.96M 0.16%
93,830
+2,490
+3% +$81.3K
EQM
85
DELISTED
EQM Midstream Partners, LP
EQM
$2.96M 0.16%
39,440
-340
-0.9% -$25.6K
MMP
86
DELISTED
Magellan Midstream Partners, L.P.
MMP
$2.96M 0.16%
41,600
-450
-1% -$31.1K
SEP
87
DELISTED
Spectra Engy Parters Lp
SEP
$2.95M 0.16%
66,400
-3,720
-5% -$165K
NVDA icon
88
NVIDIA
NVDA
$5.43T
$2.95M 0.16%
659,200
-157,200
-19% -$654K
EPD icon
89
Enterprise Products Partners
EPD
$81.9B
$2.94M 0.16%
112,910
+2,970
+3% +$78.5K
BPL
90
DELISTED
Buckeye Partners, L.P.
BPL
$2.94M 0.16%
51,650
+4,070
+9% +$242K
TEP
91
DELISTED
Tallgrass Energy Partners, LP
TEP
$2.94M 0.16%
61,360
-960
-2% -$46.5K
WES
92
DELISTED
Western Gas Partners Lp
WES
$2.93M 0.16%
57,200
+3,100
+6% +$161K
BWP
93
DELISTED
Boardwalk Pipeline Partners
BWP
$2.93M 0.16%
199,390
+29,690
+17% +$470K
WPZ
94
DELISTED
Williams Partners L.P.
WPZ
$2.93M 0.15%
75,260
-1,480
-2% -$58.5K
GEL icon
95
Genesis Energy
GEL
$1.94B
$2.92M 0.15%
110,870
+11,920
+12% +$338K
NS
96
DELISTED
NuStar Energy L.P.
NS
$2.92M 0.15%
71,920
+6,570
+10% +$278K
DPZ icon
97
Domino's
DPZ
$11.7B
$2.9M 0.15%
14,590
-3,970
-21% -$773K
HEP
98
DELISTED
Holly Energy Partners, L.P.
HEP
$2.89M 0.15%
+86,570
New +$2.88M
TWX
99
DELISTED
Time Warner Inc
TWX
$2.89M 0.15%
28,190
-5,230
-16% -$530K
CGNX icon
100
Cognex
CGNX
$10.2B
$2.89M 0.15%
52,360
-14,540
-22% -$738K
2 3
4
5 6

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VAS
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SFM
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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
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SUT
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MU
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WPL
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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.