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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
STRA icon
1376
Strategic Education
STRA
$1.85B
$344K 0.02%
3,940
+1,480
+60% +$124K
UEIC icon
1377
Universal Electronics
UEIC
$68.7M
$344K 0.02%
5,430
+2,010
+59% +$125K
PMC
1378
DELISTED
PharMerica Corporation
PMC
$342K 0.02%
11,670
-141,670
-92% -$3.97M
FAST icon
1379
Fastenal
FAST
$59B
$339K 0.02%
29,760
-7,240
-20% -$78K
DVD
1380
DELISTED
Dover Motorsports
DVD
$339K 0.02%
165,430
– –
JWN
1381
DELISTED
Nordstrom
JWN
$338K 0.02%
7,160
-760
-10% -$35.3K
BKS
1382
DELISTED
Barnes & Noble
BKS
$338K 0.02%
44,440
+7,680
+21% +$57.3K
LION
1383
DELISTED
Fidelity Southern Corporation
LION
$338K 0.02%
14,310
+3,250
+29% +$71.8K
DOC icon
1384
Healthpeak Properties
DOC
$14.3B
$337K 0.02%
12,110
-2,950
-20% -$88.7K
CIR
1385
DELISTED
CIRCOR International, Inc
CIR
$337K 0.02%
6,190
+2,320
+60% +$121K
AROC icon
1386
Archrock
AROC
$5.85B
$334K 0.02%
26,630
+9,980
+60% +$108K
VRSK icon
1387
Verisk Analytics
VRSK
$24.2B
$334K 0.02%
4,010
-990
-20% -$82K
NPKI
1388
NPK International
NPKI
$1.18B
$333K 0.02%
33,340
+12,340
+59% +$101K
MCF
1389
DELISTED
Contango Oil & Gas Co.
MCF
$331K 0.02%
65,780
+3,200
+5% +$16.9K
CYH icon
1390
Community Health Systems
CYH
$417M
$330K 0.02%
43,030
+16,150
+60% +$126K
DGX icon
1391
Quest Diagnostics
DGX
$26.1B
$330K 0.02%
3,520
-920
-21% -$97.7K
EFX icon
1392
Equifax
EFX
$21.9B
$330K 0.02%
3,110
-750
-19% -$99.2K
EVC icon
1393
Entravision Communication
EVC
$821M
$328K 0.02%
57,610
– –
HES
1394
DELISTED
Hess
HES
$327K 0.02%
6,980
-1,670
-19% -$70.6K
NWHM
1395
DELISTED
THE NEW HOME COMPANY INC.
NWHM
$326K 0.02%
29,220
– –
RRGB icon
1396
Red Robin
RRGB
$186M
$324K 0.02%
4,830
+1,790
+59% +$109K
TRST
1397
Trustco Bank Corp NY
TRST
$973M
$321K 0.02%
7,206
+2,684
+59% +$107K
CTRA
1398
DELISTED
Coterra Energy
CTRA
$320K 0.02%
11,950
-2,980
-20% -$75.7K
OFIX icon
1399
Orthofix Medical
OFIX
$415M
$320K 0.02%
6,770
+2,560
+61% +$121K
TAX
1400
DELISTED
Liberty Tax, Inc. Class A
TAX
$320K 0.02%
22,250
– –
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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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.