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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
(-5.1%)
Cap. Flow
-$140M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
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 |
Stewart Information Services
STC
|
+$3.43M |
| 3 |
Boeing
BA
|
+$2.82M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$2.82M |
| 5 |
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 |
Alexandria Real Estate Equities
ARE
|
+$4.45M |
| 4 |
ANSS
Ansys
ANSS
|
+$4.4M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1201
Inogen
INGN
$154M
| $365K | 0.02% |
3,820
+160
| +4% | +$13.7K |
|
1202
STRATTEC Security
STRT
$338M
| $365K | 0.02% |
+10,310
| New | +$324K |
|
1203
Travelzoo
TZOO
$74.4M
| $365K | 0.02% |
+33,300
| New | +$332K |
|
|
HMSY
1204
DELISTED
HMS Holdings Corp.
HMSY
| $365K | 0.02% |
19,730
+390
| +2% | +$7.51K |
|
1205
Albany International
AIN
$1.82B
| $364K | 0.02% |
6,820
-1,380
| -17% | -$66.9K |
|
1206
Consolidated Water Co
CWCO
$502M
| $364K | 0.02% |
29,320
| – | – |
|
1207
Gartner
IT
$11.6B
| $364K | 0.02% |
2,950
-35,330
| -92% | -$4.1M |
|
|
BBG
1208
DELISTED
Bill Barrett Corp
BBG
| $363K | 0.02% |
118,210
+100,930
| +584% | +$376K |
|
1209
Agree Realty
ADC
$9.34B
| $362K | 0.02% |
7,900
+1,920
| +32% | +$91.2K |
|
1210
Provident Financial Services
PFS
$3.26B
| $362K | 0.02% |
14,280
+650
| +5% | +$16.1K |
|
1211
MiMedx Group
MDXG
$612M
| $361K | 0.02% |
24,100
+1,000
| +4% | +$13.3K |
|
1212
Enpro
NPO
$7.12B
| $361K | 0.02% |
5,060
+170
| +3% | +$11.8K |
|
|
CORE
1213
DELISTED
Core Mark Holding Co., Inc.
CORE
| $361K | 0.02% |
10,930
+450
| +4% | +$15.3K |
|
1214
Horace Mann Educators
HMN
$2.1B
| $360K | 0.02% |
9,520
-2,210
| -19% | -$85.1K |
|
|
MEET
1215
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $360K | 0.02% |
+71,380
| New | +$370K |
|
1216
Malibu Boats
MBUU
$573M
| $359K | 0.02% |
+13,860
| New | +$327K |
|
|
ISCA
1217
DELISTED
International Speedway Corp
ISCA
| $359K | 0.02% |
9,560
-2,210
| -19% | -$81.1K |
|
|
1218
Alexandria Real Estate Equities
ARE
$8.33B
| $358K | 0.02% |
2,970
-38,220
| -93% | -$4.45M |
|
1219
McCormick & Company Non-Voting
MKC
$14.6B
| $357K | 0.02% |
7,320
| – | – |
|
1220
Artesian Resources
ARTNA
$369M
| $356K | 0.02% |
9,450
| – | – |
|
1221
Azenta
AZTA
$1.49B
| $356K | 0.02% |
16,410
+640
| +4% | +$16.2K |
|
1222
Exponent
EXPO
$3.24B
| $356K | 0.02% |
12,220
+560
| +5% | +$16.7K |
|
1223
NetApp
NTAP
$40.2B
| $356K | 0.02% |
8,890
-7,140
| -45% | -$285K |
|
1224
Progress Software
PRGS
$1.83B
| $356K | 0.02% |
11,510
+460
| +4% | +$13.6K |
|
1225
Four Corners Property Trust
FCPT
$2.76B
| $355K | 0.02% |
14,136
+480
| +4% | +$11.5K |
|
Similar funds
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SFM
AI
PEA
SUT
MU
WPL
PVI
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.