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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
VIAB
1201
DELISTED
Viacom Inc. Class B
VIAB
$442K 0.02%
15,880
-2,040
-11% -$62.9K
RDC
1202
DELISTED
Rowan Companies Plc
RDC
$442K 0.02%
34,360
-13,030
-27% -$140K
OMC icon
1203
Omnicom Group
OMC
$24.2B
$441K 0.02%
5,960
-1,570
-21% -$121K
TCS
1204
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
$441K 0.02%
6,978
– –
ECOL
1205
DELISTED
US Ecology, Inc.
ECOL
$441K 0.02%
8,190
+3,040
+59% +$155K
AXTI icon
1206
AXT Inc
AXTI
$5.07B
$440K 0.02%
48,100
– –
QCP
1207
DELISTED
Quality Care Properties, Inc.
QCP
$440K 0.02%
28,370
-6,970
-20% -$111K
MBUU icon
1208
Malibu Boats
MBUU
$573M
$439K 0.02%
13,860
– –
RAVN
1209
DELISTED
Raven Industries Inc
RAVN
$439K 0.02%
13,540
+5,020
+59% +$162K
FLR icon
1210
Fluor
FLR
$7B
$438K 0.02%
10,410
-840
-7% -$34.8K
WT icon
1211
WisdomTree
WT
$3.44B
$438K 0.02%
43,060
+15,970
+59% +$155K
AVHI
1212
DELISTED
A V Homes, Inc.
AVHI
$437K 0.02%
25,490
– –
MGM icon
1213
MGM Resorts International
MGM
$11.1B
$436K 0.02%
+13,370
New +$430K
RHI icon
1214
Robert Half
RHI
$4.48B
$436K 0.02%
8,660
-890
-9% -$41.1K
RLH
1215
DELISTED
Red Lions Hotel Corporation
RLH
$436K 0.02%
50,400
– –
CVGW
1216
DELISTED
Calavo Growers
CVGW
$435K 0.02%
5,940
+2,320
+64% +$164K
CHS
1217
DELISTED
Chicos FAS, Inc.
CHS
$435K 0.02%
48,590
-200
-0.4% -$1.7K
VTRS icon
1218
Viatris
VTRS
$18.4B
$434K 0.02%
13,850
-880
-6% -$29.9K
LHCG
1219
DELISTED
LHC Group LLC
LHCG
$434K 0.02%
6,120
+2,600
+74% +$167K
AVAV icon
1220
AeroVironment
AVAV
$9.59B
$432K 0.02%
7,990
+3,140
+65% +$134K
ESS icon
1221
Essex Property Trust
ESS
$18.5B
$432K 0.02%
1,700
-400
-19% -$104K
EPAY
1222
DELISTED
Bottomline Technologies Inc
EPAY
$432K 0.02%
13,560
+4,630
+52% +$135K
USCR
1223
DELISTED
U S Concrete, Inc.
USCR
$432K 0.02%
5,660
+2,140
+61% +$164K
MTSC
1224
DELISTED
MTS Systems Corp
MTSC
$432K 0.02%
8,090
+2,440
+43% +$123K
WWE
1225
DELISTED
World Wrestling Entertainment
WWE
$430K 0.02%
18,270
+5,650
+45% +$121K
47 48
49
50 51

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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.