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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VREX icon
1226
Varex Imaging
VREX
$780M
$397K 0.02%
10,700
-4,370
-29% -$162K
WERN icon
1227
Werner Enterprises
WERN
$2.31B
$395K 0.02%
10,510
-3,040
-22% -$113K
BEAT
1228
DELISTED
BioTelemetry, Inc.
BEAT
$395K 0.02%
8,780
-3,560
-29% -$142K
CKH
1229
DELISTED
Seacor Holdings Inc.
CKH
$395K 0.02%
6,900
+190
+3% +$10.4K
AWK icon
1230
American Water Works
AWK
$27.1B
$394K 0.02%
4,610
– –
AEE icon
1231
Ameren
AEE
$30.2B
$393K 0.02%
6,460
-22,370
-78% -$1.29M
PBPB
1232
DELISTED
Potbelly
PBPB
$393K 0.02%
30,330
– –
TREE icon
1233
LendingTree
TREE
$461M
$393K 0.02%
1,840
-560
-23% -$155K
FBP icon
1234
First Bancorp
FBP
$4.49B
$392K 0.02%
51,250
-49,860
-49% -$369K
RMD icon
1235
ResMed
RMD
$32.9B
$392K 0.02%
3,780
+110
+3% +$11.1K
PGTI
1236
DELISTED
PGT, Inc.
PGTI
$392K 0.02%
18,790
-7,050
-27% -$138K
BHE icon
1237
Benchmark Electronics
BHE
$2.89B
$390K 0.02%
13,390
-11,330
-46% -$325K
MCY icon
1238
Mercury Insurance
MCY
$5.81B
$390K 0.02%
8,560
-2,480
-22% -$117K
MSCI icon
1239
MSCI
MSCI
$41.8B
$390K 0.02%
2,360
-25,590
-92% -$4.04M
MDC
1240
DELISTED
M.D.C. Holdings, Inc.
MDC
$390K 0.02%
14,786
-13,553
-48% -$352K
EFX icon
1241
Equifax
EFX
$21.8B
$389K 0.02%
3,110
– –
RAVN
1242
DELISTED
Raven Industries Inc
RAVN
$389K 0.02%
10,120
-4,160
-29% -$159K
ASYS icon
1243
Amtech Systems
ASYS
$280M
$388K 0.02%
+64,090
New +$500K
KN icon
1244
Knowles
KN
$3.23B
$388K 0.02%
25,360
-1,680
-6% -$23.2K
ETR icon
1245
Entergy
ETR
$49.9B
$387K 0.02%
9,580
+300
+3% +$11.9K
NPKI
1246
NPK International
NPKI
$1.18B
$386K 0.02%
35,550
-90
-0.3% -$914
AKS
1247
DELISTED
AK Steel Holding Corp
AKS
$386K 0.02%
88,890
-36,840
-29% -$168K
CALM icon
1248
Cal-Maine
CALM
$3.87B
$385K 0.02%
8,400
-3,490
-29% -$169K
CAG icon
1249
Conagra Brands
CAG
$7.39B
$384K 0.02%
10,740
-4,770
-31% -$178K
FN icon
1250
Fabrinet
FN
$20.3B
$384K 0.02%
10,400
-4,500
-30% -$154K
48 49
50
51 52

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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 Q2 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.