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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
JKHY icon
101
Jack Henry & Associates
JKHY
$10.8B
$3.11M 0.15%
29,970
-6,220
-17% -$621K
PSXP
102
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$3.11M 0.15%
62,960
+2,310
+4% +$117K
SHLX
103
DELISTED
Shell Midstream Partners, L.P.
SHLX
$3.08M 0.15%
101,740
-1,070
-1% -$33.2K
WCG
104
DELISTED
Wellcare Health Plans, Inc.
WCG
$3.08M 0.15%
17,170
-3,350
-16% -$555K
WPZ
105
DELISTED
Williams Partners L.P.
WPZ
$3.08M 0.15%
76,740
-5,740
-7% -$230K
NEE icon
106
NextEra Energy
NEE
$179B
$3.07M 0.15%
87,640
+27,320
+45% +$934K
TRV icon
107
Travelers Companies
TRV
$77.2B
$3.06M 0.15%
24,200
– –
GD icon
108
General Dynamics
GD
$107B
$3.06M 0.15%
15,450
+6,220
+67% +$1.22M
BWP
109
DELISTED
Boardwalk Pipeline Partners
BWP
$3.06M 0.15%
169,700
-13,790
-8% -$248K
AVGO icon
110
Broadcom
AVGO
$1.98T
$3.06M 0.15%
131,080
+2,900
+2% +$67.3K
WAB icon
111
Wabtec
WAB
$49.9B
$3.05M 0.15%
33,340
-7,460
-18% -$622K
NS
112
DELISTED
NuStar Energy L.P.
NS
$3.05M 0.15%
65,350
+2,020
+3% +$94.4K
BPL
113
DELISTED
Buckeye Partners, L.P.
BPL
$3.04M 0.15%
47,580
-1,870
-4% -$123K
EEP
114
DELISTED
Enbridge Energy Partners
EEP
$3.04M 0.15%
190,070
+3,050
+2% +$52.9K
AM
115
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
$3.03M 0.15%
91,340
-5,170
-5% -$172K
OKS
116
DELISTED
Oneok Partners LP
OKS
$3.03M 0.15%
59,310
-3,810
-6% -$193K
WES
117
DELISTED
Western Gas Partners Lp
WES
$3.03M 0.15%
54,100
-540
-1% -$30.7K
CIVI
118
DELISTED
Civitas Solutions, Inc.
CIVI
$3.02M 0.15%
172,840
-12,470
-7% -$216K
WM icon
119
Waste Management
WM
$90.5B
$3.02M 0.15%
41,130
-5,800
-12% -$422K
TCP
120
DELISTED
TC Pipelines LP
TCP
$3.02M 0.15%
54,840
+1,200
+2% +$68.6K
GILD icon
121
Gilead Sciences
GILD
$168B
$3.01M 0.15%
42,510
-32,360
-43% -$2.15M
SEP
122
DELISTED
Spectra Engy Parters Lp
SEP
$3.01M 0.15%
70,120
-7,080
-9% -$308K
MMP
123
DELISTED
Magellan Midstream Partners, L.P.
MMP
$3M 0.15%
42,050
-1,710
-4% -$126K
EPD icon
124
Enterprise Products Partners
EPD
$81.9B
$2.98M 0.15%
109,940
-10,630
-9% -$288K
BKNG icon
125
Booking.com
BKNG
$159B
$2.97M 0.15%
39,750
– –
3 4
5
6 7

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
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WPL
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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.