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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
COHR icon
976
Coherent
COHR
$64B
$534K 0.03%
15,580
+3,230
+26% +$105K
NWN icon
977
Northwest Natural Holdings
NWN
$2.14B
$534K 0.03%
8,920
+560
+7% +$33.9K
PERY
978
DELISTED
Perry Ellis International Inc
PERY
$533K 0.03%
27,360
– –
TIVO
979
DELISTED
Tivo Inc
TIVO
$532K 0.03%
28,540
+1,290
+5% +$23.5K
LAD icon
980
Lithia Motors
LAD
$8.32B
$531K 0.03%
5,640
+310
+6% +$28K
WTS icon
981
Watts Water Technologies
WTS
$12.8B
$531K 0.03%
8,410
+2,050
+32% +$128K
DLTR icon
982
Dollar Tree
DLTR
$24.9B
$530K 0.03%
7,577
-3,590
-32% -$277K
EFX icon
983
Equifax
EFX
$21.8B
$530K 0.03%
3,860
– –
MPAA icon
984
Motorcar Parts of America
MPAA
$235M
$530K 0.03%
18,740
+140
+0.8% +$4.1K
MTH icon
985
Meritage Homes
MTH
$4.8B
$529K 0.03%
25,060
-1,920
-7% -$38.1K
WMAR
986
DELISTED
West Marine Inc
WMAR
$528K 0.03%
41,060
– –
OIS icon
987
Oil States International
OIS
$526M
$527K 0.03%
19,400
-4,070
-17% -$121K
HBI
988
DELISTED
Hanesbrands
HBI
$525K 0.03%
22,680
+10,580
+87% +$228K
CCMP
989
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$524K 0.03%
7,100
+200
+3% +$15.1K
HQY icon
990
HealthEquity
HQY
$8.83B
$522K 0.03%
10,480
+720
+7% +$33.7K
XLNX
991
DELISTED
Xilinx Inc
XLNX
$522K 0.03%
8,120
– –
EFII
992
DELISTED
Electronics for Imaging
EFII
$519K 0.03%
10,960
+270
+3% +$12.9K
XCRA
993
DELISTED
Xcerra Corporation
XCRA
$518K 0.03%
53,050
-36,660
-41% -$356K
HNRG icon
994
Hallador Energy
HNRG
$730M
$517K 0.03%
66,560
– –
NHTC icon
995
Natural Health Trends
NHTC
$15.4M
$517K 0.03%
+18,580
New +$531K
DDS icon
996
Dillards
DDS
$9.59B
$515K 0.03%
8,920
-3,120
-26% -$165K
FLR icon
997
Fluor
FLR
$7B
$515K 0.03%
11,250
-2,910
-21% -$139K
SCL icon
998
Stepan Co
SCL
$1.48B
$515K 0.03%
5,910
+170
+3% +$14.3K
FTR
999
DELISTED
Frontier Communications Corp.
FTR
$514K 0.03%
29,531
+27,050
+1,090% +$620K
FCX icon
1000
Freeport-McMoran
FCX
$93.6B
$513K 0.03%
42,750
– –
38 39
40
41 42

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.