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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
FLWS icon
1126
1-800-Flowers.com
FLWS
$261M
$500K 0.03%
50,740
– –
DVN icon
1127
Devon Energy
DVN
$48.8B
$499K 0.03%
13,580
-3,170
-19% -$103K
FIX icon
1128
Comfort Systems
FIX
$60.8B
$499K 0.03%
13,980
+5,200
+59% +$180K
CRZO
1129
DELISTED
Carrizo Oil & Gas Inc
CRZO
$499K 0.03%
29,120
+14,500
+99% +$212K
LUMN icon
1130
Lumen
LUMN
$6.6B
$498K 0.03%
26,390
-3,330
-11% -$70.1K
PRAA icon
1131
PRA Group
PRAA
$762M
$498K 0.03%
17,390
+6,450
+59% +$215K
RH icon
1132
RH
RH
$3.4B
$497K 0.03%
7,070
-280
-4% -$17.6K
HDNG
1133
DELISTED
Hardinge Inc
HDNG
$497K 0.03%
32,530
– –
BWLD
1134
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$496K 0.03%
4,690
-1,880
-29% -$209K
PAYX icon
1135
Paychex
PAYX
$44.6B
$495K 0.03%
8,260
-2,070
-20% -$118K
WERN icon
1136
Werner Enterprises
WERN
$2.31B
$495K 0.03%
13,550
-3,350
-20% -$106K
SPN
1137
DELISTED
Superior Energy Services, Inc.
SPN
$494K 0.03%
4,622
-1,149
-20% -$113K
CAL icon
1138
Caleres
CAL
$461M
$493K 0.03%
16,150
+6,010
+59% +$162K
HBI
1139
DELISTED
Hanesbrands
HBI
$493K 0.03%
20,000
-2,680
-12% -$64.3K
CUBI icon
1140
Customers Bancorp
CUBI
$2.82B
$491K 0.03%
15,050
+4,090
+37% +$118K
VSTO
1141
DELISTED
Vista Outdoor Inc.
VSTO
$491K 0.03%
21,410
+7,940
+59% +$178K
BXP icon
1142
Boston Properties
BXP
$11B
$490K 0.03%
3,990
-930
-19% -$113K
ORLY icon
1143
O'Reilly Automotive
ORLY
$74.9B
$489K 0.03%
34,050
-11,850
-26% -$156K
CTXS
1144
DELISTED
Citrix Systems Inc
CTXS
$489K 0.03%
6,360
-1,230
-16% -$95.5K
CNMD icon
1145
CONMED
CNMD
$1.49B
$488K 0.03%
9,310
+3,460
+59% +$174K
FCX icon
1146
Freeport-McMoran
FCX
$93.6B
$488K 0.03%
34,760
-7,990
-19% -$112K
GDEN
1147
DELISTED
Golden Entertainment
GDEN
$487K 0.03%
19,970
– –
SRI icon
1148
Stoneridge
SRI
$201M
$487K 0.03%
24,580
– –
SWKS icon
1149
Skyworks Solutions
SWKS
$10.5B
$484K 0.03%
4,750
-1,220
-20% -$127K
SONC
1150
DELISTED
Sonic Corp
SONC
$481K 0.03%
18,920
+5,490
+41% +$134K
44 45
46
47 48

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.