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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
CAL icon
1376
Caleres
CAL
$461M
$282K 0.01%
10,140
-7,970
-44% -$214K
WIRE
1377
DELISTED
Encore Wire Corp
WIRE
$282K 0.01%
6,600
-10
-0.2% -$430
ABAX
1378
DELISTED
Abaxis Inc
ABAX
$282K 0.01%
5,320
+210
+4% +$10.3K
FSP
1379
Franklin Street Properties
FSP
$46.4M
$281K 0.01%
25,320
+820
+3% +$9.49K
SCHL icon
1380
Scholastic
SCHL
$784M
$280K 0.01%
6,430
-3,420
-35% -$148K
IPXL
1381
DELISTED
Impax Laboratories, Inc.
IPXL
$280K 0.01%
17,410
+530
+3% +$7.83K
IPHS
1382
DELISTED
Innophos Holdings, Inc.
IPHS
$279K 0.01%
6,380
+230
+4% +$10.3K
BKS
1383
DELISTED
Barnes & Noble
BKS
$279K 0.01%
36,760
+24,170
+192% +$189K
CALM icon
1384
Cal-Maine
CALM
$3.87B
$278K 0.01%
7,020
+280
+4% +$10.7K
EGOV
1385
DELISTED
NIC Inc
EGOV
$278K 0.01%
14,650
+520
+4% +$10.6K
AKAM icon
1386
Akamai
AKAM
$18B
$277K 0.01%
5,560
-2,320
-29% -$122K
EBS icon
1387
Emergent Biosolutions
EBS
$230M
$277K 0.01%
8,160
-2,560
-24% -$79K
AAP icon
1388
Advance Auto Parts
AAP
$3.46B
$276K 0.01%
2,370
– –
ETD icon
1389
Ethan Allen Interiors
ETD
$583M
$276K 0.01%
8,550
+630
+8% +$18.5K
WT icon
1390
WisdomTree
WT
$3.44B
$276K 0.01%
27,090
-24,810
-48% -$229K
USCR
1391
DELISTED
U S Concrete, Inc.
USCR
$276K 0.01%
3,520
+270
+8% +$18.4K
APT icon
1392
Alpha Pro Tech
APT
$55.7M
$275K 0.01%
93,120
– –
BCC icon
1393
Boise Cascade
BCC
$2.94B
$275K 0.01%
9,040
-9,750
-52% -$284K
BWA icon
1394
BorgWarner
BWA
$13.8B
$275K 0.01%
7,384
-7,270
-50% -$264K
GCO icon
1395
Genesco
GCO
$394M
$275K 0.01%
8,130
-340
-4% -$15.2K
EBIX
1396
DELISTED
Ebix Inc
EBIX
$275K 0.01%
5,110
– –
BMI icon
1397
Badger Meter
BMI
$3.78B
$274K 0.01%
6,870
+240
+4% +$9.31K
PATK icon
1398
Patrick Industries
PATK
$2.78B
$274K 0.01%
8,460
+1,012
+14% +$31.5K
VRSN icon
1399
VeriSign
VRSN
$26B
$274K 0.01%
2,950
– –
SXI icon
1400
Standex International
SXI
$3.97B
$273K 0.01%
3,010
+100
+3% +$9.08K
54 55
56
57 58

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 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.