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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
AME icon
1276
Ametek
AME
$58.7B
$394K 0.02%
5,960
-1,540
-21% -$97.4K
CATM
1277
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$394K 0.02%
17,120
+6,360
+59% +$181K
ECPG icon
1278
Encore Capital Group
ECPG
$2.15B
$393K 0.02%
8,880
+3,320
+60% +$134K
HBAN icon
1279
Huntington Bancshares
HBAN
$35.9B
$393K 0.02%
28,160
-6,670
-19% -$87.7K
VRTU
1280
DELISTED
Virtusa Corporation
VRTU
$393K 0.02%
10,400
+3,890
+60% +$134K
ETD icon
1281
Ethan Allen Interiors
ETD
$583M
$392K 0.02%
12,100
+3,550
+42% +$109K
OIS icon
1282
Oil States International
OIS
$526M
$392K 0.02%
15,460
-3,940
-20% -$96.9K
DHX icon
1283
DHI Group
DHX
$174M
$391K 0.02%
150,440
+7,490
+5% +$17.1K
RICK icon
1284
RCI Hospitality Holdings
RICK
$230M
$391K 0.02%
15,790
– –
VECO icon
1285
Veeco
VECO
$3.28B
$390K 0.02%
18,228
+6,890
+61% +$165K
SCHL icon
1286
Scholastic
SCHL
$784M
$389K 0.02%
10,460
+4,030
+63% +$161K
DCOM
1287
DELISTED
Dime Community Bancshares
DCOM
$389K 0.02%
18,080
+4,340
+32% +$85.5K
ALB icon
1288
Albemarle
ALB
$15.4B
$388K 0.02%
2,850
-720
-20% -$85.6K
CTRN icon
1289
Citi Trends
CTRN
$621M
$387K 0.02%
19,490
– –
RPT
1290
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$387K 0.02%
29,770
+11,080
+59% +$148K
BOOT icon
1291
Boot Barn
BOOT
$4.92B
$386K 0.02%
43,330
– –
HLX icon
1292
Helix Energy Solutions
HLX
$1.49B
$386K 0.02%
52,250
+19,830
+61% +$125K
GCI
1293
DELISTED
Gannett Co., Inc
GCI
$384K 0.02%
42,620
+15,980
+60% +$137K
GAP
1294
The Gap Inc
GAP
$7.34B
$383K 0.02%
12,990
-1,260
-9% -$31K
CARM
1295
DELISTED
Carisma Therapeutics
CARM
$382K 0.02%
+12,082
New +$338K
BEAT
1296
DELISTED
BioTelemetry, Inc.
BEAT
$382K 0.02%
11,570
+4,870
+73% +$169K
HNRG icon
1297
Hallador Energy
HNRG
$730M
$381K 0.02%
66,560
– –
SEDG icon
1298
SolarEdge
SEDG
$1.98B
$380K 0.02%
+13,300
New +$335K
AUD
1299
DELISTED
Audacy, Inc.
AUD
$380K 0.02%
33,170
– –
ABAX
1300
DELISTED
Abaxis Inc
ABAX
$380K 0.02%
8,500
+3,180
+60% +$151K
50 51
52
53 54

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VAS
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SFM
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AI
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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.