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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
TGI
1051
DELISTED
Triumph Group
TGI
$553K 0.03%
18,600
+6,900
+59% +$197K
DCH
1052
Dauch Corp
DCH
$1.6B
$550K 0.03%
31,290
+11,580
+59% +$178K
GT icon
1053
Goodyear
GT
$1.78B
$550K 0.03%
16,560
-1,860
-10% -$60.4K
SM icon
1054
SM Energy
SM
$7.71B
$549K 0.03%
30,960
-6,010
-16% -$94K
COL
1055
DELISTED
Rockwell Collins
COL
$549K 0.03%
4,200
-1,100
-21% -$134K
ESV
1056
DELISTED
Ensco Rowan plc
ESV
$549K 0.03%
22,978
-5,632
-20% -$112K
CAH icon
1057
Cardinal Health
CAH
$53.8B
$547K 0.03%
8,170
-2,160
-21% -$153K
HF
1058
DELISTED
HFF Inc.
HF
$546K 0.03%
13,790
+5,400
+64% +$199K
DG icon
1059
Dollar General
DG
$26.9B
$545K 0.03%
6,730
-1,570
-19% -$118K
PARA
1060
DELISTED
Paramount Global Class B
PARA
$545K 0.03%
9,400
-2,600
-22% -$164K
CTRE icon
1061
CareTrust REIT
CTRE
$9.18B
$544K 0.03%
28,570
+11,460
+67% +$214K
TNK icon
1062
Teekay Tankers
TNK
$2.9B
$543K 0.03%
41,895
– –
ITGR icon
1063
Integer Holdings
ITGR
$4.25B
$541K 0.03%
10,580
+4,000
+61% +$183K
MXL icon
1064
MaxLinear
MXL
$6.95B
$541K 0.03%
22,790
+10,440
+85% +$251K
ACH
1065
Accendra Health
ACH
$84.6M
$541K 0.03%
18,520
-5,100
-22% -$151K
EBIX
1066
DELISTED
Ebix Inc
EBIX
$541K 0.03%
8,290
+3,180
+62% +$183K
HUBG icon
1067
HUB Group
HUBG
$2.55B
$539K 0.03%
25,120
+9,320
+59% +$178K
RGEN icon
1068
Repligen
RGEN
$9.45B
$539K 0.03%
14,060
+6,010
+75% +$252K
CDR
1069
DELISTED
Cedar Realty Trust, Inc
CDR
$539K 0.03%
14,515
+1,603
+12% +$54.4K
NP
1070
DELISTED
Neenah, Inc. Common Stock
NP
$539K 0.03%
6,300
+2,330
+59% +$185K
CBL
1071
DELISTED
CBL& Associates Properties, Inc.
CBL
$539K 0.03%
64,200
+23,920
+59% +$203K
VFC icon
1072
VF Corp
VFC
$5.79B
$537K 0.03%
8,963
-2,411
-21% -$139K
ADTN icon
1073
Adtran
ADTN
$658M
$535K 0.03%
22,300
+6,680
+43% +$148K
BMI icon
1074
Badger Meter
BMI
$3.78B
$535K 0.03%
10,920
+4,050
+59% +$180K
ORN icon
1075
Orion Group Holdings
ORN
$392M
$534K 0.03%
81,400
+4,110
+5% +$26.1K
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 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.