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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
(-5.1%)
Cap. Flow
-$140M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
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 |
Stewart Information Services
STC
|
+$3.43M |
| 3 |
Boeing
BA
|
+$2.82M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$2.82M |
| 5 |
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 |
Alexandria Real Estate Equities
ARE
|
+$4.45M |
| 4 |
ANSS
Ansys
ANSS
|
+$4.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1001
Labcorp
LH
$26.2B
| $512K | 0.03% |
3,864
-5,716
| -60% | -$700K |
|
1002
Unifirst Corp
UNF
$5.21B
| $512K | 0.03% |
3,640
+120
| +3% | +$16.7K |
|
|
AVHI
1003
DELISTED
A V Homes, Inc.
AVHI
| $511K | 0.03% |
25,490
-24,900
| -49% | -$427K |
|
1004
Supernus Pharmaceuticals
SUPN
$2.74B
| $510K | 0.03% |
11,830
+640
| +6% | +$22.8K |
|
1005
Steven Madden
SHOO
$3.46B
| $508K | 0.03% |
19,080
+435
| +2% | +$11K |
|
1006
Kaiser Aluminum
KALU
$2.99B
| $507K | 0.03% |
5,730
-90
| -2% | -$7.47K |
|
|
XOXO
1007
DELISTED
Xo Group Inc
XOXO
| $507K | 0.03% |
28,780
+1,090
| +4% | +$18.7K |
|
1008
LXP Industrial Trust
LXP
$3.58B
| $506K | 0.03% |
10,214
+464
| +5% | +$23.2K |
|
1009
Franklin Resources
BEN
$17.2B
| $505K | 0.03% |
11,280
| – | – |
|
1010
Axcelis
ACLS
$4.42B
| $502K | 0.03% |
+23,980
| New | +$507K |
|
1011
Simpson Manufacturing
SSD
$8B
| $502K | 0.03% |
11,490
+350
| +3% | +$14.7K |
|
|
FNGN
1012
DELISTED
Financial Engines, Inc.
FNGN
| $500K | 0.02% |
13,670
+1,540
| +13% | +$61.4K |
|
|
ROIC
1013
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $498K | 0.02% |
25,930
-4,800
| -16% | -$97.6K |
|
|
SUP
1014
DELISTED
Superior Industries International
SUP
| $497K | 0.02% |
24,200
+720
| +3% | +$15K |
|
1015
Ducommun
DCO
$3.01B
| $496K | 0.02% |
+15,700
| New | +$488K |
|
1016
Werner Enterprises
WERN
$2.31B
| $496K | 0.02% |
16,900
-3,340
| -17% | -$91K |
|
1017
1-800-Flowers.com
FLWS
$261M
| $495K | 0.02% |
50,740
| – | – |
|
|
SHYF
1018
DELISTED
The Shyft Group
SHYF
| $495K | 0.02% |
+55,880
| New | +$472K |
|
|
EE
1019
DELISTED
El Paso Electric Company
EE
| $495K | 0.02% |
9,570
+370
| +4% | +$19.3K |
|
1020
Quest Diagnostics
DGX
$26.1B
| $494K | 0.02% |
4,440
| – | – |
|
|
MDC
1021
DELISTED
M.D.C. Holdings, Inc.
MDC
| $494K | 0.02% |
17,584
-6,400
| -27% | -$168K |
|
1022
RLI Corp
RLI
$5.87B
| $493K | 0.02% |
18,060
+600
| +3% | +$16.9K |
|
1023
Clean Energy Fuels
CLNE
$395M
| $491K | 0.02% |
193,210
| – | – |
|
|
IPCC
1024
DELISTED
Infinity Property & Casualty C
IPCC
| $491K | 0.02% |
5,230
+970
| +23% | +$92.6K |
|
1025
Haemonetics
HAE
$4.11B
| $490K | 0.02% |
12,400
+600
| +5% | +$24.6K |
|
Similar funds
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SFM
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SUT
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WPL
PVI
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.