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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
BRT
1301
BRT Apartments
BRT
$269M
$360K 0.02%
+28,254
New +$351K
HF
1302
DELISTED
HFF Inc.
HF
$360K 0.02%
10,470
-4,220
-29% -$161K
FORM icon
1303
FormFactor
FORM
$10.3B
$359K 0.02%
26,960
-2,010
-7% -$27.2K
SPSC icon
1304
SPS Commerce
SPSC
$2.86B
$359K 0.02%
9,780
-4,000
-29% -$142K
CTRE icon
1305
CareTrust REIT
CTRE
$9.18B
$358K 0.02%
21,460
-8,950
-29% -$135K
HOFT icon
1306
Hooker Furnishings Corp
HOFT
$158M
$358K 0.02%
7,630
– –
TLRD
1307
DELISTED
Tailored Brands, Inc.
TLRD
$358K 0.02%
14,020
-5,650
-29% -$172K
BBWI icon
1308
Bath & Body Works
BBWI
$3.76B
$357K 0.02%
11,962
+3,983
+50% +$115K
DX
1309
Dynex Capital
DX
$3.23B
$357K 0.02%
+18,200
New +$355K
IRT icon
1310
Independence Realty Trust
IRT
$4.01B
$357K 0.02%
34,610
+670
+2% +$6.45K
TPR icon
1311
Tapestry
TPR
$25.9B
$356K 0.02%
7,630
+330
+5% +$15.9K
TTWO icon
1312
Take-Two Interactive
TTWO
$45.2B
$355K 0.02%
3,000
– –
CTXS
1313
DELISTED
Citrix Systems Inc
CTXS
$355K 0.02%
3,390
– –
BBW icon
1314
Build-A-Bear
BBW
$474M
$353K 0.02%
46,500
– –
WIRE
1315
DELISTED
Encore Wire Corp
WIRE
$353K 0.02%
7,430
-2,720
-27% -$139K
ALR
1316
DELISTED
AlerisLife Inc
ALR
$353K 0.02%
23,560
– –
SKIS
1317
DELISTED
Peak Resorts, Inc.
SKIS
$353K 0.02%
70,680
– –
NFX
1318
DELISTED
Newfield Exploration
NFX
$353K 0.02%
11,660
+6,510
+126% +$184K
GES
1319
DELISTED
Guess Inc
GES
$352K 0.02%
16,430
-7,230
-31% -$166K
HT
1320
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$352K 0.02%
16,410
-2,800
-15% -$55.8K
SPN
1321
DELISTED
Superior Energy Services, Inc.
SPN
$352K 0.02%
3,615
-1,007
-22% -$103K
ENVA icon
1322
Enova International
ENVA
$6.52B
$349K 0.02%
9,550
-3,890
-29% -$118K
VRSN icon
1323
VeriSign
VRSN
$26B
$349K 0.02%
2,540
+320
+14% +$41K
GPC icon
1324
Genuine Parts
GPC
$18.7B
$348K 0.02%
3,790
– –
TACO
1325
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$348K 0.02%
24,570
– –
51 52
53
54 55

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SFM
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AI
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PEA
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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.