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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
ROCK icon
1326
Gibraltar Industries
ROCK
$1.45B
$369K 0.02%
11,850
+4,390
+59% +$132K
UFCS icon
1327
United Fire Group
UFCS
$1.38B
$368K 0.02%
8,040
+2,930
+57% +$127K
DLA
1328
DELISTED
Delta Apparel Inc.
DLA
$368K 0.02%
17,130
– –
HLT icon
1329
Hilton Worldwide
HLT
$72.2B
$367K 0.02%
5,280
-1,410
-21% -$89.9K
CUDA
1330
DELISTED
Barracuda Networks, Inc.
CUDA
$367K 0.02%
+15,150
New +$356K
GENC icon
1331
Gencor Industries
GENC
$264M
$366K 0.02%
20,750
– –
IPAR icon
1332
Interparfums
IPAR
$3.7B
$366K 0.02%
8,890
+2,390
+37% +$92.3K
SPSC icon
1333
SPS Commerce
SPSC
$2.86B
$366K 0.02%
12,900
+4,780
+59% +$141K
HOFT icon
1334
Hooker Furnishings Corp
HOFT
$158M
$364K 0.02%
7,630
– –
NSSC icon
1335
Napco Security Technologies
NSSC
$1.37B
$364K 0.02%
74,980
– –
GPC icon
1336
Genuine Parts
GPC
$18.7B
$363K 0.02%
3,790
-990
-21% -$84.3K
NAII icon
1337
Natural Alternatives International
NAII
$13.6M
$363K 0.02%
34,060
– –
ULBI icon
1338
Ultralife
ULBI
$124M
$363K 0.02%
53,810
– –
CSS
1339
DELISTED
CSS Industries, Inc.
CSS
$363K 0.02%
12,600
– –
RCMT icon
1340
RCM Technologies
RCMT
$205M
$362K 0.02%
63,250
– –
RGS icon
1341
Regis Corp
RGS
$70.1M
$361K 0.02%
1,265
+245
+24% +$56.4K
WING icon
1342
Wingstop
WING
$3.1B
$361K 0.02%
10,870
+4,060
+60% +$132K
NCI
1343
DELISTED
Navigant Consulting, Inc.
NCI
$361K 0.02%
21,360
+6,660
+45% +$113K
DEL
1344
DELISTED
Deltic Timber
DEL
$361K 0.02%
4,080
+1,580
+63% +$120K
KOP icon
1345
Koppers
KOP
$874M
$360K 0.02%
7,810
+2,930
+60% +$114K
NLSN
1346
DELISTED
Nielsen Holdings plc
NLSN
$360K 0.02%
8,680
-2,170
-20% -$86.6K
APT icon
1347
Alpha Pro Tech
APT
$55.7M
$359K 0.02%
93,120
– –
MNDO icon
1348
Mind CTI
MNDO
$20.6M
$359K 0.02%
139,130
– –
TBI
1349
Trueblue
TBI
$309M
$359K 0.02%
15,970
+5,910
+59% +$134K
NBHC icon
1350
National Bank Holdings
NBHC
$1.94B
$358K 0.02%
10,020
+3,740
+60% +$124K
52 53
54
55 56

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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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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.