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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
AX icon
1001
Axos Financial
AX
$5.72B
$600K 0.03%
21,070
+7,460
+55% +$195K
BBY icon
1002
Best Buy
BBY
$18B
$600K 0.03%
10,540
-2,020
-16% -$116K
AMED
1003
DELISTED
Amedisys
AMED
$599K 0.03%
10,710
+4,120
+63% +$218K
FFIV icon
1004
F5
FFIV
$23.6B
$599K 0.03%
4,970
-480
-9% -$57.9K
HMN icon
1005
Horace Mann Educators
HMN
$2.1B
$599K 0.03%
15,210
+5,690
+60% +$210K
NBTB icon
1006
NBT Bancorp
NBTB
$2.79B
$599K 0.03%
16,300
+6,060
+59% +$212K
MCO icon
1007
Moody's
MCO
$84.6B
$597K 0.03%
4,290
-1,080
-20% -$142K
EW icon
1008
Edwards Lifesciences
EW
$53.4B
$596K 0.03%
16,350
-4,230
-21% -$161K
RAMP icon
1009
LiveRamp
RAMP
$2.31B
$594K 0.03%
24,090
-6,210
-20% -$152K
GIMO
1010
DELISTED
Gigamon Inc.
GIMO
$593K 0.03%
14,080
+6,700
+91% +$273K
MNST icon
1011
Monster Beverage
MNST
$91.4B
$592K 0.03%
42,840
-9,000
-17% -$121K
ROK icon
1012
Rockwell Automation
ROK
$49.5B
$592K 0.03%
3,320
-830
-20% -$138K
SNBR
1013
DELISTED
Sleep Number
SNBR
$592K 0.03%
19,060
+5,400
+40% +$169K
WDFC icon
1014
WD-40
WDFC
$3.09B
$591K 0.03%
5,280
+1,950
+59% +$210K
CTB
1015
DELISTED
Cooper Tire & Rubber Co.
CTB
$590K 0.03%
15,780
-4,650
-23% -$165K
WABC icon
1016
Westamerica Bancorp
WABC
$1.39B
$588K 0.03%
9,870
+3,670
+59% +$197K
AIR icon
1017
AAR Corp
AIR
$5.77B
$587K 0.03%
15,540
+4,580
+42% +$166K
PZZA icon
1018
Papa John's
PZZA
$804M
$587K 0.03%
8,040
-2,180
-21% -$164K
URBN icon
1019
Urban Outfitters
URBN
$6.53B
$587K 0.03%
24,580
-8,780
-26% -$176K
APOG icon
1020
Apogee Enterprises
APOG
$888M
$586K 0.03%
12,140
+4,040
+50% +$199K
VRTV
1021
DELISTED
VERITIV CORPORATION
VRTV
$586K 0.03%
18,030
+1,520
+9% +$50.8K
UAL icon
1022
United Airlines
UAL
$41B
$585K 0.03%
9,610
-2,750
-22% -$183K
GNW icon
1023
Genworth Financial
GNW
$3.77B
$581K 0.03%
150,970
-37,240
-20% -$133K
CERN
1024
DELISTED
Cerner Corp
CERN
$581K 0.03%
8,140
-1,570
-16% -$104K
BOBE
1025
DELISTED
Bob Evans Farms, Inc.
BOBE
$581K 0.03%
7,500
+2,830
+61% +$195K
39 40
41
42 43

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 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.