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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
STBA icon
1101
S&T Bancorp
STBA
$1.82B
$520K 0.03%
13,130
+4,890
+59% +$180K
AMWD
1102
DELISTED
American Woodmark
AMWD
$518K 0.03%
5,380
+2,080
+63% +$193K
NEM icon
1103
Newmont
NEM
$120B
$517K 0.03%
13,770
-3,170
-19% -$115K
TILE icon
1104
Interface
TILE
$2.24B
$516K 0.03%
23,570
+8,410
+55% +$164K
TVTY
1105
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$516K 0.03%
12,650
+4,750
+60% +$184K
INCY icon
1106
Incyte
INCY
$24.4B
$515K 0.03%
4,410
-1,240
-22% -$157K
WNC icon
1107
Wabash National
WNC
$509M
$515K 0.03%
22,570
+8,430
+60% +$177K
RMAX icon
1108
RE/MAX Holdings
RMAX
$265M
$514K 0.03%
8,080
+2,470
+44% +$148K
GBX icon
1109
The Greenbrier Companies
GBX
$1.42B
$513K 0.03%
10,660
+3,960
+59% +$176K
IBP icon
1110
Installed Building Products
IBP
$6.54B
$513K 0.03%
7,910
+3,190
+68% +$179K
LABL
1111
DELISTED
Multi-Color Corp
LABL
$513K 0.03%
6,260
+2,080
+50% +$166K
THRM icon
1112
Gentherm
THRM
$1.32B
$512K 0.03%
13,780
+5,140
+59% +$176K
TNC icon
1113
Tennant Co
TNC
$1.15B
$512K 0.03%
7,740
+2,500
+48% +$167K
NTRS icon
1114
Northern Trust
NTRS
$34.8B
$510K 0.03%
5,550
-1,320
-19% -$119K
CMO
1115
DELISTED
Capstead Mortgage Corp.
CMO
$509K 0.03%
52,700
+13,360
+34% +$131K
CSGS
1116
DELISTED
CSG Systems International
CSGS
$508K 0.03%
12,680
+4,700
+59% +$185K
SXI icon
1117
Standex International
SXI
$3.97B
$508K 0.03%
4,780
+1,770
+59% +$169K
RHT
1118
DELISTED
Red Hat Inc
RHT
$508K 0.03%
4,580
-1,180
-20% -$121K
CXO
1119
DELISTED
CONCHO RESOURCES INC.
CXO
$506K 0.03%
3,840
-870
-18% -$105K
BCC icon
1120
Boise Cascade
BCC
$2.94B
$505K 0.03%
14,460
+5,420
+60% +$165K
INVX
1121
Innovex International
INVX
$2.15B
$505K 0.03%
11,440
-2,840
-20% -$124K
TIME
1122
DELISTED
Time Inc.
TIME
$504K 0.03%
37,320
+13,820
+59% +$185K
DCO icon
1123
Ducommun
DCO
$3.01B
$503K 0.03%
15,700
– –
PATK icon
1124
Patrick Industries
PATK
$2.78B
$502K 0.03%
13,433
+4,973
+59% +$164K
VOXX
1125
DELISTED
VOXX International Corporation Class A
VOXX
$501K 0.03%
58,550
– –
43 44
45
46 47

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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.