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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
CLNE icon
1151
Clean Energy Fuels
CLNE
$395M
$479K 0.03%
193,210
– –
FSS icon
1152
Federal Signal
FSS
$7.51B
$477K 0.03%
22,430
+8,350
+59% +$156K
VREX icon
1153
Varex Imaging
VREX
$780M
$477K 0.03%
14,090
+5,260
+60% +$164K
CUB
1154
DELISTED
Cubic Corporation
CUB
$477K 0.03%
9,360
+3,470
+59% +$158K
AZZ icon
1155
AZZ Inc
AZZ
$4.52B
$476K 0.03%
9,770
+3,640
+59% +$181K
EAT icon
1156
Brinker International
EAT
$10.2B
$472K 0.03%
14,800
-3,660
-20% -$125K
AAOI icon
1157
Applied Optoelectronics
AAOI
$11B
$470K 0.02%
7,270
+3,090
+74% +$218K
CRAI icon
1158
CRA International
CRAI
$1.07B
$470K 0.02%
11,460
– –
ADEA icon
1159
Adeia
ADEA
$3.16B
$469K 0.02%
70,119
+25,969
+59% +$191K
WPG
1160
DELISTED
Washington Prime Group Inc.
WPG
$468K 0.02%
6,243
-1,534
-20% -$119K
SPXC icon
1161
SPX Corp
SPXC
$10.6B
$467K 0.02%
15,910
+5,940
+60% +$156K
ASTE icon
1162
Astec Industries
ASTE
$975M
$466K 0.02%
8,330
+2,660
+47% +$135K
SSP icon
1163
E.W. Scripps
SSP
$310M
$466K 0.02%
24,400
+7,920
+48% +$145K
NTUS
1164
DELISTED
Natus Medical Inc
NTUS
$466K 0.02%
12,420
+4,660
+60% +$164K
KR icon
1165
Kroger
KR
$35.1B
$465K 0.02%
23,180
-7,110
-23% -$160K
EGHT icon
1166
8x8 Inc
EGHT
$303M
$464K 0.02%
34,380
+12,730
+59% +$173K
AOSL icon
1167
Alpha and Omega Semiconductor
AOSL
$916M
$463K 0.02%
28,070
– –
MDXG icon
1168
MiMedx Group
MDXG
$612M
$463K 0.02%
38,940
+14,840
+62% +$220K
DDD icon
1169
3D Systems Corp
DDD
$601M
$461K 0.02%
34,420
-7,310
-18% -$107K
SUP
1170
DELISTED
Superior Industries International
SUP
$461K 0.02%
27,690
+3,490
+14% +$59.5K
CNSL
1171
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$460K 0.02%
24,110
+12,160
+102% +$229K
CALM icon
1172
Cal-Maine
CALM
$3.87B
$459K 0.02%
11,170
+4,150
+59% +$155K
EBF icon
1173
Ennis
EBF
$559M
$458K 0.02%
23,320
– –
GEF icon
1174
Greif
GEF
$5.03B
$457K 0.02%
7,810
-1,940
-20% -$111K
BANC icon
1175
Banc of California
BANC
$3.11B
$456K 0.02%
21,980
+4,290
+24% +$84.6K
45 46
47
48 49

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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.