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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
LZB icon
1051
La-Z-Boy
LZB
$1.67B
$469K 0.02%
14,430
-850
-6% -$23.9K
AOSL icon
1052
Alpha and Omega Semiconductor
AOSL
$916M
$468K 0.02%
+28,070
New +$498K
BALL icon
1053
Ball Corp
BALL
$16.4B
$468K 0.02%
11,080
– –
KFY icon
1054
Korn Ferry
KFY
$4.36B
$468K 0.02%
13,560
-4,720
-26% -$153K
IDXX icon
1055
Idexx Laboratories
IDXX
$44.7B
$467K 0.02%
2,890
– –
JJSF icon
1056
J&J Snack Foods
JJSF
$1.7B
$466K 0.02%
3,530
+120
+4% +$16K
MATW icon
1057
Matthews International
MATW
$722M
$466K 0.02%
7,610
+270
+4% +$17.6K
UCB
1058
United Community Banks
UCB
$4.43B
$466K 0.02%
16,750
-2,830
-14% -$76.5K
EIG icon
1059
Employers Holdings
EIG
$871M
$465K 0.02%
10,990
+1,390
+14% +$55.8K
SAM icon
1060
Boston Beer
SAM
$1.9B
$464K 0.02%
3,510
-670
-16% -$93.7K
BRC icon
1061
Brady Corp
BRC
$4.43B
$462K 0.02%
13,640
+240
+2% +$8.93K
APOG icon
1062
Apogee Enterprises
APOG
$888M
$460K 0.02%
8,100
-300
-4% -$16.5K
NAVI icon
1063
Navient
NAVI
$867M
$460K 0.02%
27,600
+17,600
+176% +$266K
CHS
1064
DELISTED
Chicos FAS, Inc.
CHS
$460K 0.02%
48,790
-10,680
-18% -$123K
GPRE icon
1065
Green Plains
GPRE
$1.09B
$459K 0.02%
22,310
+14,160
+174% +$323K
INN
1066
Summit Hotel Properties
INN
$656M
$459K 0.02%
24,630
-610
-2% -$10.6K
MSI icon
1067
Motorola Solutions
MSI
$77B
$459K 0.02%
5,290
– –
DISH
1068
DELISTED
DISH Network Corp.
DISH
$459K 0.02%
7,310
– –
RHI icon
1069
Robert Half
RHI
$4.48B
$458K 0.02%
9,550
-3,150
-25% -$147K
KWR icon
1070
Quaker Houghton
KWR
$2.95B
$456K 0.02%
3,140
+110
+4% +$15.6K
INFO
1071
DELISTED
IHS Markit Ltd. Common Shares
INFO
$456K 0.02%
+10,360
New +$462K
WBD icon
1072
Warner Bros
WBD
$69.6B
$455K 0.02%
17,610
-5,600
-24% -$152K
AME icon
1073
Ametek
AME
$58.7B
$454K 0.02%
7,500
– –
GTN icon
1074
Gray Television
GTN
$520M
$454K 0.02%
33,170
-9,700
-23% -$131K
O icon
1075
Realty Income
O
$59.6B
$454K 0.02%
8,493
– –
41 42
43
44 45

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.