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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
BBWI icon
1251
Bath & Body Works
BBWI
$3.76B
$412K 0.02%
12,246
-1,608
-12% -$54K
MRTN icon
1252
Marten Transport
MRTN
$1.24B
$410K 0.02%
29,915
+8,115
+37% +$92.1K
VMC icon
1253
Vulcan Materials
VMC
$36B
$409K 0.02%
3,420
-870
-20% -$104K
GNCMA
1254
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
$409K 0.02%
10,020
+3,770
+60% +$154K
UNT
1255
DELISTED
UNIT Corporation
UNT
$408K 0.02%
19,820
+7,340
+59% +$131K
IRDM icon
1256
Iridium Communications
IRDM
$5.27B
$407K 0.02%
39,480
+11,920
+43% +$124K
LHX icon
1257
L3Harris
LHX
$53.7B
$407K 0.02%
3,090
-860
-22% -$103K
CCC
1258
DELISTED
Calgon Carbon Corp
CCC
$407K 0.02%
19,040
+7,080
+59% +$107K
BGSF icon
1259
BGSF Inc
BGSF
$59.2M
$406K 0.02%
24,520
– –
BKR icon
1260
Baker Hughes
BKR
$63B
$405K 0.02%
+11,060
New +$393K
O icon
1261
Realty Income
O
$59.6B
$405K 0.02%
7,307
-1,186
-14% -$65.9K
ENSG icon
1262
The Ensign Group
ENSG
$10.6B
$404K 0.02%
19,114
+7,034
+58% +$138K
ALSK
1263
DELISTED
Alaska Communications Systems
ALSK
$404K 0.02%
177,980
– –
LVLT
1264
DELISTED
Level 3 Communications Inc
LVLT
$404K 0.02%
7,590
-1,720
-18% -$95.8K
NSA
1265
DELISTED
National Storage Affiliates Trust
NSA
$403K 0.02%
+16,610
New +$377K
SPPI
1266
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$403K 0.02%
28,620
+11,900
+71% +$108K
FRSH
1267
DELISTED
Papa Murphy's Holdings, Inc
FRSH
$403K 0.02%
67,690
– –
OXM icon
1268
Oxford Industries
OXM
$542M
$402K 0.02%
6,330
+2,810
+80% +$172K
THC icon
1269
Tenet Healthcare
THC
$21.5B
$401K 0.02%
24,390
-5,760
-19% -$97.7K
LDR
1270
DELISTED
Landauer Inc
LDR
$401K 0.02%
5,950
-16,840
-74% -$1.02M
TMP icon
1271
Tompkins Financial
TMP
$1.45B
$400K 0.02%
4,640
+1,740
+60% +$135K
SYNA icon
1272
Synaptics
SYNA
$4.2B
$399K 0.02%
10,190
-3,160
-24% -$143K
HSY icon
1273
Hershey
HSY
$37.4B
$398K 0.02%
3,650
-820
-18% -$87.4K
LH icon
1274
Labcorp
LH
$26.2B
$397K 0.02%
3,061
-803
-21% -$107K
INVA icon
1275
Innoviva
INVA
$1.5B
$395K 0.02%
27,990
+9,690
+53% +$128K
49 50
51
52 53

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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
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
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.