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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
SYKE
1026
DELISTED
SYKES Enterprises Inc
SYKE
$576K 0.03%
19,760
+5,730
+41% +$170K
SMRT
1027
DELISTED
Stein Mart Inc
SMRT
$576K 0.03%
442,720
-7,350
-2% -$9.54K
AMP icon
1028
Ameriprise Financial
AMP
$50.4B
$575K 0.03%
3,870
-1,310
-25% -$183K
KRA
1029
DELISTED
Kraton Corporation
KRA
$575K 0.03%
14,220
+4,390
+45% +$152K
CCRN
1030
DELISTED
Cross Country Healthcare
CCRN
$574K 0.03%
40,290
+32,820
+439% +$411K
FCPT icon
1031
Four Corners Property Trust
FCPT
$2.76B
$574K 0.03%
23,036
+8,900
+63% +$223K
LZB icon
1032
La-Z-Boy
LZB
$1.67B
$571K 0.03%
21,230
+6,800
+47% +$198K
HTLD icon
1033
Heartland Express
HTLD
$979M
$570K 0.03%
22,730
+8,580
+61% +$187K
COR icon
1034
Cencora
COR
$59.2B
$568K 0.03%
6,860
-1,200
-15% -$102K
GPRE icon
1035
Green Plains
GPRE
$1.09B
$568K 0.03%
28,200
+5,890
+26% +$112K
IPXL
1036
DELISTED
Impax Laboratories, Inc.
IPXL
$568K 0.03%
27,970
+10,560
+61% +$202K
CVCO icon
1037
Cavco Industries
CVCO
$4.67B
$565K 0.03%
3,830
+1,170
+44% +$156K
MANT
1038
DELISTED
Mantech International Corp
MANT
$564K 0.03%
12,770
+3,580
+39% +$144K
MSL
1039
DELISTED
Midsouth Bancorp, Inc.
MSL
$564K 0.03%
46,840
– –
PVH icon
1040
PVH
PVH
$3.77B
$563K 0.03%
4,470
-560
-11% -$68.2K
RMBS icon
1041
Rambus
RMBS
$10.8B
$560K 0.03%
41,920
+15,670
+60% +$201K
MATV icon
1042
Mativ Holdings
MATV
$667M
$559K 0.03%
13,480
+4,270
+46% +$164K
CORE
1043
DELISTED
Core Mark Holding Co., Inc.
CORE
$559K 0.03%
17,380
+6,450
+59% +$202K
IOSP icon
1044
Innospec
IOSP
$2.31B
$558K 0.03%
9,050
+3,370
+59% +$202K
PETS icon
1045
PetMed Express
PETS
$43.4M
$558K 0.03%
16,830
+2,860
+20% +$116K
CAKE icon
1046
Cheesecake Factory
CAKE
$5.57B
$557K 0.03%
13,220
-4,000
-23% -$178K
FTV icon
1047
Fortive
FTV
$18.7B
$557K 0.03%
12,488
-2,696
-18% -$112K
PLAB icon
1048
Photronics
PLAB
$1.97B
$557K 0.03%
62,940
– –
BBG
1049
DELISTED
Bill Barrett Corp
BBG
$556K 0.03%
129,560
+11,350
+10% +$37.6K
HNI icon
1050
HNI Corp
HNI
$3.56B
$553K 0.03%
13,340
-3,270
-20% -$123K
40 41
42
43 44

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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
PEA
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SUT
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MU
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WPL
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PVI
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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.