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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
GV
1151
DELISTED
Goldfield Corporation
GV
$390K 0.02%
70,900
-29,850
-30% -$147K
SEM
1152
DELISTED
Select Medical
SEM
$389K 0.02%
47,087
-30,754
-40% -$231K
HCCI
1153
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
$389K 0.02%
+24,460
New +$373K
MINI
1154
DELISTED
Mobile Mini Inc
MINI
$389K 0.02%
13,020
+2,960
+29% +$85.3K
CCOI icon
1155
Cogent Communications
CCOI
$530M
$388K 0.02%
9,670
+370
+4% +$15.3K
NBL
1156
DELISTED
Noble Energy, Inc.
NBL
$388K 0.02%
13,720
– –
GES
1157
DELISTED
Guess Inc
GES
$387K 0.02%
30,260
+16,230
+116% +$182K
PRLB icon
1158
Protolabs
PRLB
$2.21B
$387K 0.02%
5,760
+250
+5% +$15.1K
ULBI icon
1159
Ultralife
ULBI
$124M
$387K 0.02%
53,810
-18,500
-26% -$113K
AAT
1160
American Assets Trust
AAT
$1.41B
$386K 0.02%
9,800
+620
+7% +$25.4K
SFBS
1161
ServisFirst Bancshares
SFBS
$5B
$386K 0.02%
10,460
+360
+4% +$13.1K
TNC icon
1162
Tennant Co
TNC
$1.15B
$386K 0.02%
5,240
+1,240
+31% +$89.9K
HSNI
1163
DELISTED
HSN, Inc.
HSNI
$385K 0.02%
12,060
-2,740
-19% -$94.7K
LMNR icon
1164
Limoneira
LMNR
$250M
$383K 0.02%
16,220
– –
AIR icon
1165
AAR Corp
AIR
$5.77B
$381K 0.02%
10,960
+680
+7% +$23.6K
BANC icon
1166
Banc of California
BANC
$3.11B
$381K 0.02%
17,690
-4,040
-19% -$85.3K
MANT
1167
DELISTED
Mantech International Corp
MANT
$381K 0.02%
9,190
+240
+3% +$9.05K
EVC icon
1168
Entravision Communication
EVC
$820M
$380K 0.02%
+57,610
New +$349K
DLA
1169
DELISTED
Delta Apparel Inc.
DLA
$380K 0.02%
17,130
– –
BHE icon
1170
Benchmark Electronics
BHE
$2.89B
$379K 0.02%
11,720
+550
+5% +$17.7K
HES
1171
DELISTED
Hess
HES
$379K 0.02%
8,650
– –
LRN icon
1172
Stride
LRN
$3.48B
$379K 0.02%
21,150
-12,690
-38% -$243K
SRI icon
1173
Stoneridge
SRI
$201M
$379K 0.02%
24,580
– –
JWN
1174
DELISTED
Nordstrom
JWN
$378K 0.02%
7,920
+1,450
+22% +$66K
NBTB icon
1175
NBT Bancorp
NBTB
$2.79B
$378K 0.02%
10,240
+380
+4% +$14.1K
45 46
47
48 49

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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
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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.