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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
MATX icon
1176
Matsons
MATX
$6.39B
$456K 0.02%
16,180
+6,000
+59% +$167K
EXPE icon
1177
Expedia Group
EXPE
$39.4B
$455K 0.02%
3,160
-740
-19% -$110K
XLNX
1178
DELISTED
Xilinx Inc
XLNX
$455K 0.02%
6,420
-1,700
-21% -$111K
ASIX icon
1179
AdvanSix
ASIX
$446M
$454K 0.02%
11,420
+4,230
+59% +$144K
GIII icon
1180
G-III Apparel Group
GIII
$1.43B
$452K 0.02%
15,570
+5,240
+51% +$138K
GTLS
1181
DELISTED
Chart Industries
GTLS
$452K 0.02%
11,530
+4,290
+59% +$151K
APA icon
1182
APA Corp
APA
$14B
$451K 0.02%
9,840
-2,400
-20% -$106K
MSTR icon
1183
Strategy Inc
MSTR
$38.2B
$451K 0.02%
35,300
+13,100
+59% +$190K
DNOW icon
1184
DNOW Inc
DNOW
$2.95B
$450K 0.02%
32,560
-9,000
-22% -$123K
SMP icon
1185
Standard Motor Products
SMP
$870M
$450K 0.02%
9,330
+2,980
+47% +$142K
POLY
1186
DELISTED
Plantronics, Inc.
POLY
$449K 0.02%
10,160
-2,750
-21% -$126K
AXON
1187
Axon Enterprise
AXON
$50B
$448K 0.02%
19,780
+7,320
+59% +$171K
LNN icon
1188
Lindsay Corp
LNN
$1.17B
$448K 0.02%
4,870
+1,480
+44% +$132K
SBAC icon
1189
SBA Communications
SBAC
$19.8B
$448K 0.02%
+3,110
New +$443K
IPHS
1190
DELISTED
Innophos Holdings, Inc.
IPHS
$448K 0.02%
9,100
+2,720
+43% +$123K
BBGI icon
1191
Beasley Broadcasting Group
BBGI
$44.7M
$447K 0.02%
1,909
– –
GV
1192
DELISTED
Goldfield Corporation
GV
$447K 0.02%
70,900
– –
OME
1193
DELISTED
Omega Protein
OME
$447K 0.02%
26,850
– –
BRKL
1194
DELISTED
Brookline Bancorp
BRKL
$445K 0.02%
28,710
+10,630
+59% +$154K
RL icon
1195
Ralph Lauren
RL
$23.1B
$445K 0.02%
5,040
-370
-7% -$30.5K
NHTC icon
1196
Natural Health Trends
NHTC
$15.4M
$444K 0.02%
18,580
– –
IEC
1197
DELISTED
IEC Electronics Corp.
IEC
$444K 0.02%
90,150
– –
CCS icon
1198
Century Communities
CCS
$2.04B
$443K 0.02%
17,930
– –
JCP
1199
DELISTED
J.C. Penney Company, Inc.
JCP
$443K 0.02%
116,240
+43,030
+59% +$190K
LGIH icon
1200
LGI Homes
LGIH
$1.37B
$442K 0.02%
9,100
+2,460
+37% +$109K
46 47
48
49 50

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SFM
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AI
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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.