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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
NSP icon
976
Insperity
NSP
$2.05B
$620K 0.03%
14,080
+5,260
+60% +$208K
AAT
977
American Assets Trust
AAT
$1.41B
$619K 0.03%
15,560
+5,760
+59% +$231K
SHYF
978
DELISTED
The Shyft Group
SHYF
$617K 0.03%
55,880
– –
WGO icon
979
Winnebago Industries
WGO
$921M
$616K 0.03%
13,760
+4,560
+50% +$168K
CHMI
980
Cherry Hill Mortgage Investment Corp
CHMI
$108M
$615K 0.03%
33,960
– –
ADC icon
981
Agree Realty
ADC
$9.34B
$614K 0.03%
12,510
+4,610
+58% +$225K
QLYS icon
982
Qualys
QLYS
$6.78B
$614K 0.03%
11,860
+4,770
+67% +$219K
SFLY
983
DELISTED
Shutterfly, Inc.
SFLY
$614K 0.03%
12,670
+4,730
+60% +$223K
BHR
984
Braemar Hotels & Resorts
BHR
$139M
$612K 0.03%
65,064
– –
FLOW
985
DELISTED
SPX FLOW, Inc.
FLOW
$612K 0.03%
15,870
+5,880
+59% +$208K
FFBC icon
986
First Financial Bancorp
FFBC
$3.6B
$610K 0.03%
23,310
+8,670
+59% +$222K
PLUS icon
987
ePlus
PLUS
$2.31B
$610K 0.03%
13,200
+4,440
+51% +$181K
INGN icon
988
Inogen
INGN
$154M
$609K 0.03%
6,400
+2,580
+68% +$249K
OSIS icon
989
OSI Systems
OSIS
$3.77B
$609K 0.03%
6,660
+2,370
+55% +$193K
KBH icon
990
KB Home
KBH
$3.45B
$608K 0.03%
25,210
-6,190
-20% -$139K
VIA
991
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
$608K 0.03%
8,108
– –
CHSP
992
DELISTED
Chesapeake Lodging Trust
CHSP
$608K 0.03%
22,550
+8,360
+59% +$211K
FOXF icon
993
Fox Factory Holding Corp
FOXF
$886M
$607K 0.03%
14,090
+5,920
+72% +$230K
PFS icon
994
Provident Financial Services
PFS
$3.26B
$607K 0.03%
22,770
+8,490
+59% +$215K
FN icon
995
Fabrinet
FN
$20.3B
$605K 0.03%
16,330
+5,190
+47% +$212K
PEG icon
996
Public Service Enterprise Group
PEG
$37.8B
$604K 0.03%
13,070
-3,150
-19% -$143K
BCR
997
DELISTED
CR Bard Inc.
BCR
$603K 0.03%
1,880
-490
-21% -$157K
BNED icon
998
Barnes & Noble Education
BNED
$424M
$602K 0.03%
924
+54
+6% +$38.2K
PH icon
999
Parker-Hannifin
PH
$134B
$602K 0.03%
3,440
-880
-20% -$144K
CALY
1000
Callaway Golf Company
CALY
$2.95B
$601K 0.03%
41,680
+12,890
+45% +$171K
38 39
40
41 42

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SFM
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AI
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PEA
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SUT
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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.