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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
DIOD icon
1076
Diodes
DIOD
$4.48B
$533K 0.03%
17,820
+5,330
+43% +$143K
EBS icon
1077
Emergent Biosolutions
EBS
$230M
$533K 0.03%
13,180
+5,020
+62% +$182K
AAL icon
1078
American Airlines Group
AAL
$9.97B
$532K 0.03%
11,200
-5,840
-34% -$282K
FITB
1079
Fifth Third Bancorp
FITB
$52.5B
$532K 0.03%
19,030
-5,490
-22% -$146K
VPG icon
1080
Vishay Precision Group
VPG
$908M
$532K 0.03%
21,810
– –
HCCI
1081
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
$532K 0.03%
24,460
– –
DLTR icon
1082
Dollar Tree
DLTR
$24.9B
$531K 0.03%
6,117
-1,460
-19% -$111K
TTNP
1083
DELISTED
Titan Pharmaceuticals
TTNP
$531K 0.03%
84
– –
MNTA
1084
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$531K 0.03%
28,690
+12,910
+82% +$216K
PIR
1085
DELISTED
Pier 1 Imports, Inc.
PIR
$530K 0.03%
6,326
– –
KEY icon
1086
KeyCorp
KEY
$24.6B
$529K 0.03%
28,090
-6,540
-19% -$118K
FCN icon
1087
FTI Consulting
FCN
$4.24B
$528K 0.03%
14,880
-680
-4% -$22.9K
ALOG
1088
DELISTED
Analogic Corp
ALOG
$528K 0.03%
6,300
+1,750
+38% +$128K
AAON icon
1089
Aaon
AAON
$7.23B
$525K 0.03%
22,860
+8,880
+64% +$202K
CAG icon
1090
Conagra Brands
CAG
$7.39B
$523K 0.03%
15,510
-2,530
-14% -$85.9K
XCRA
1091
DELISTED
Xcerra Corporation
XCRA
$523K 0.03%
53,050
– –
HIG icon
1092
Hartford Financial Services
HIG
$37.8B
$522K 0.03%
9,410
-2,990
-24% -$163K
DBD
1093
DELISTED
Diebold Nixdorf Incorporated
DBD
$522K 0.03%
22,840
-6,290
-22% -$134K
BPFH
1094
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$522K 0.03%
31,570
+11,770
+59% +$178K
BID
1095
DELISTED
Sotheby's
BID
$522K 0.03%
11,310
-6,090
-35% -$301K
GEN icon
1096
Gen Digital
GEN
$17.7B
$521K 0.03%
15,880
-4,240
-21% -$129K
GTN icon
1097
Gray Television
GTN
$520M
$521K 0.03%
33,170
– –
ENDP
1098
DELISTED
Endo International plc
ENDP
$521K 0.03%
60,780
-15,870
-21% -$153K
BEL
1099
DELISTED
Belmond Ltd.
BEL
$521K 0.03%
38,140
+11,850
+45% +$152K
TBHC
1100
DELISTED
The Brand House Collective
TBHC
$520K 0.03%
45,490
+2,680
+6% +$27.5K
42 43
44
45 46

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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.