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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
ARI
1126
Apollo Commercial Real Estate
ARI
$886M
$413K 0.02%
+22,290
New +$417K
FTI icon
1127
TechnipFMC
FTI
$30.1B
$413K 0.02%
20,388
– –
CDR
1128
DELISTED
Cedar Realty Trust, Inc
CDR
$413K 0.02%
12,912
+8,617
+201% +$293K
NAVG
1129
DELISTED
Navigators Group Inc
NAVG
$413K 0.02%
7,530
+710
+10% +$37.7K
APEI icon
1130
American Public Education
APEI
$828M
$412K 0.02%
17,420
-3,250
-16% -$74.4K
AWR icon
1131
American States Water
AWR
$3.52B
$410K 0.02%
8,640
+320
+4% +$14.7K
CMO
1132
DELISTED
Capstead Mortgage Corp.
CMO
$410K 0.02%
39,340
+6,040
+18% +$64.7K
DHX icon
1133
DHI Group
DHX
$174M
$408K 0.02%
142,950
+131,460
+1,144% +$433K
CMA
1134
DELISTED
Comerica
CMA
$407K 0.02%
5,560
– –
SQBG
1135
DELISTED
Sequential Brands Group, Inc.
SQBG
$407K 0.02%
+2,548
New +$363K
FFBC icon
1136
First Financial Bancorp
FFBC
$3.6B
$406K 0.02%
14,640
+560
+4% +$15.1K
GDOT icon
1137
Green Dot
GDOT
$770M
$405K 0.02%
10,520
-2,730
-21% -$98.6K
HDNG
1138
DELISTED
Hardinge Inc
HDNG
$404K 0.02%
+32,530
New +$375K
FAST icon
1139
Fastenal
FAST
$58.9B
$403K 0.02%
37,000
– –
LYTS icon
1140
LSI Industries
LYTS
$912M
$403K 0.02%
+44,550
New +$403K
NTGR icon
1141
NETGEAR
NTGR
$647M
$403K 0.02%
9,350
+210
+2% +$9.62K
FE icon
1142
FirstEnergy
FE
$27.1B
$399K 0.02%
13,670
– –
RL icon
1143
Ralph Lauren
RL
$23.1B
$399K 0.02%
5,410
+3,610
+201% +$271K
SAIA icon
1144
Saia
SAIA
$10.1B
$398K 0.02%
7,760
+2,100
+37% +$97.3K
NOV icon
1145
NOV
NOV
$7.36B
$396K 0.02%
12,010
– –
PRSU
1146
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$395K 0.02%
8,360
-50
-0.6% -$2.24K
FCF icon
1147
First Commonwealth Financial
FCF
$2.19B
$393K 0.02%
31,030
+10,700
+53% +$136K
KLIC icon
1148
Kulicke & Soffa
KLIC
$5.01B
$393K 0.02%
20,640
-1,910
-8% -$40.2K
ALSK
1149
DELISTED
Alaska Communications Systems
ALSK
$392K 0.02%
+177,980
New +$388K
CMG icon
1150
Chipotle Mexican Grill
CMG
$41.3B
$391K 0.02%
47,000
– –
44 45
46
47 48

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VAS
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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
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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.