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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
CTRE icon
1301
CareTrust REIT
CTRE
$9.18B
$317K 0.02%
17,110
-26,090
-60% -$471K
HWM icon
1302
Howmet Aerospace
HWM
$113B
$317K 0.02%
18,230
– –
XYL icon
1303
Xylem
XYL
$28.1B
$317K 0.02%
5,720
-25,740
-82% -$1.34M
AMD icon
1304
Advanced Micro Devices
AMD
$789B
$316K 0.02%
25,300
-326,910
-93% -$4M
FMC icon
1305
FMC
FMC
$1.27B
$316K 0.02%
4,981
– –
VECO icon
1306
Veeco
VECO
$3.28B
$316K 0.02%
11,338
+2,088
+23% +$64.2K
AMWD
1307
DELISTED
American Woodmark
AMWD
$315K 0.02%
3,300
+100
+3% +$9.18K
ASTE icon
1308
Astec Industries
ASTE
$975M
$315K 0.02%
5,670
+140
+3% +$8.25K
BBW icon
1309
Build-A-Bear
BBW
$474M
$315K 0.02%
30,140
+9,090
+43% +$92.6K
EGHT icon
1310
8x8 Inc
EGHT
$303M
$315K 0.02%
21,650
+1,010
+5% +$14.3K
RMAX icon
1311
RE/MAX Holdings
RMAX
$265M
$315K 0.02%
5,610
-70
-1% -$3.94K
TVTY
1312
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$315K 0.02%
7,900
+410
+5% +$13.7K
FOGO
1313
DELISTED
Fogo de Chao, Inc. Common Stock
FOGO
$315K 0.02%
22,680
– –
HOFT icon
1314
Hooker Furnishings Corp
HOFT
$158M
$314K 0.02%
7,630
-3,750
-33% -$155K
AXON
1315
Axon Enterprise
AXON
$50B
$313K 0.02%
12,460
+500
+4% +$12.2K
NSP icon
1316
Insperity
NSP
$2.05B
$313K 0.02%
8,820
+200
+2% +$8.1K
GAP
1317
The Gap Inc
GAP
$7.34B
$313K 0.02%
14,250
+7,320
+106% +$174K
TSS
1318
DELISTED
Total System Services, Inc.
TSS
$313K 0.02%
5,370
– –
CHRW icon
1319
C.H. Robinson
CHRW
$17.5B
$312K 0.02%
4,540
– –
EXR icon
1320
Extra Space Storage
EXR
$31.6B
$312K 0.02%
4,000
– –
WNC icon
1321
Wabash National
WNC
$509M
$311K 0.02%
14,140
-11,600
-45% -$245K
CUBI icon
1322
Customers Bancorp
CUBI
$2.82B
$310K 0.02%
10,960
-26,590
-71% -$786K
EPM icon
1323
Evolution Petroleum
EPM
$135M
$310K 0.02%
38,270
– –
GBX icon
1324
The Greenbrier Companies
GBX
$1.42B
$310K 0.02%
6,700
-4,480
-40% -$204K
URI icon
1325
United Rentals
URI
$69.7B
$310K 0.02%
2,750
-1,840
-40% -$205K
51 52
53
54 55

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
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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.