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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
ETP
101
DELISTED
Energy Transfer Partners, L.P.
ETP
$2.89M 0.15%
157,870
+5,120
+3% +$99.4K
RMP
102
DELISTED
Rice Midstream Partners LP
RMP
$2.88M 0.15%
137,740
-20,750
-13% -$426K
BR icon
103
Broadridge
BR
$19.3B
$2.85M 0.15%
35,230
-10,160
-22% -$782K
CC icon
104
Chemours
CC
$2.29B
$2.83M 0.15%
55,890
-15,310
-22% -$722K
PAA icon
105
Plains All American Pipeline
PAA
$16.4B
$2.82M 0.15%
133,220
+14,090
+12% +$326K
COST icon
106
Costco
COST
$421B
$2.82M 0.15%
17,150
-2,750
-14% -$432K
IEX icon
107
IDEX
IEX
$17.7B
$2.81M 0.15%
23,120
-6,340
-22% -$740K
RSG icon
108
Republic Services
RSG
$65.6B
$2.78M 0.15%
42,110
-1,580
-4% -$103K
CL icon
109
Colgate-Palmolive
CL
$73.6B
$2.77M 0.15%
38,100
-5,930
-13% -$427K
NEE icon
110
NextEra Energy
NEE
$179B
$2.77M 0.15%
75,680
-11,960
-14% -$438K
SAFM
111
DELISTED
Sanderson Farms Inc
SAFM
$2.76M 0.15%
17,080
+8,840
+107% +$1.23M
GD icon
112
General Dynamics
GD
$107B
$2.76M 0.15%
13,410
-2,040
-13% -$409K
GILD icon
113
Gilead Sciences
GILD
$168B
$2.73M 0.14%
33,740
-8,770
-21% -$671K
RGA icon
114
Reinsurance Group of America
RGA
$16.1B
$2.72M 0.14%
19,510
-5,350
-22% -$724K
TRV icon
115
Travelers Companies
TRV
$77.2B
$2.71M 0.14%
22,130
-2,070
-9% -$259K
ATO icon
116
Atmos Energy
ATO
$28.7B
$2.69M 0.14%
32,080
-8,560
-21% -$738K
CVS icon
117
CVS Health
CVS
$121B
$2.67M 0.14%
32,790
-7,010
-18% -$555K
NOC icon
118
Northrop Grumman
NOC
$82B
$2.66M 0.14%
9,250
-1,240
-12% -$334K
L icon
119
Loews
L
$23.1B
$2.65M 0.14%
55,330
-1,680
-3% -$79.9K
PNC icon
120
PNC Financial Services
PNC
$102B
$2.63M 0.14%
19,510
-3,270
-14% -$420K
INGR icon
121
Ingredion
INGR
$6.54B
$2.62M 0.14%
21,680
-5,990
-22% -$730K
EWBC icon
122
East-West Bancorp
EWBC
$18.5B
$2.61M 0.14%
43,700
-12,070
-22% -$685K
Y
123
DELISTED
Alleghany Corp
Y
$2.59M 0.14%
4,670
-1,290
-22% -$753K
SWK icon
124
Stanley Black & Decker
SWK
$15.5B
$2.58M 0.14%
17,070
-900
-5% -$129K
ADP icon
125
Automatic Data Processing
ADP
$107B
$2.57M 0.14%
23,500
-3,050
-11% -$327K
3 4
5
6 7

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VAS
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SFM
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AI
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HI
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PEA
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SUT
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MU
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WPL
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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.