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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
CUB
1401
DELISTED
Cubic Corporation
CUB
$273K 0.01%
5,890
+240
+4% +$11.5K
GL icon
1402
Globe Life
GL
$14.1B
$272K 0.01%
3,550
-23,150
-87% -$1.76M
CBOE icon
1403
Cboe Global Markets
CBOE
$30.6B
$270K 0.01%
2,950
– –
IRM icon
1404
Iron Mountain
IRM
$37.6B
$270K 0.01%
7,870
– –
DCOM
1405
DELISTED
Dime Community Bancshares
DCOM
$270K 0.01%
13,740
-25,420
-65% -$506K
CYH icon
1406
Community Health Systems
CYH
$420M
$268K 0.01%
26,880
+1,340
+5% +$12.3K
LGIH icon
1407
LGI Homes
LGIH
$1.36B
$267K 0.01%
6,640
-14,040
-68% -$471K
MTRN icon
1408
Materion
MTRN
$5.98B
$267K 0.01%
7,120
+170
+2% +$6K
TBI
1409
Trueblue
TBI
$303M
$267K 0.01%
10,060
+380
+4% +$10.1K
MNTA
1410
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$267K 0.01%
15,780
+1,180
+8% +$18K
ROCK icon
1411
Gibraltar Industries
ROCK
$1.48B
$266K 0.01%
7,460
-2,400
-24% -$84.7K
DDE
1412
DELISTED
Dover Downs Gaming & Entertain
DDE
$266K 0.01%
239,790
– –
HT
1413
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$265K 0.01%
14,270
+4,740
+50% +$89K
BRKL
1414
DELISTED
Brookline Bancorp
BRKL
$264K 0.01%
18,080
-3,670
-17% -$53.2K
DO
1415
DELISTED
Diamond Offshore Drilling
DO
$264K 0.01%
24,340
-5,250
-18% -$69.8K
NDAQ icon
1416
Nasdaq
NDAQ
$53.8B
$260K 0.01%
10,920
– –
ECOL
1417
DELISTED
US Ecology, Inc.
ECOL
$260K 0.01%
5,150
-1,410
-21% -$69.8K
AMSF icon
1418
AMERISAFE
AMSF
$512M
$259K 0.01%
4,540
+180
+4% +$10.3K
QRVO icon
1419
Qorvo
QRVO
$8.69B
$259K 0.01%
4,090
– –
SPSC icon
1420
SPS Commerce
SPSC
$2.74B
$259K 0.01%
8,120
+340
+4% +$10.1K
AAOI icon
1421
Applied Optoelectronics
AAOI
$11.4B
$258K 0.01%
4,180
-13,130
-76% -$767K
GIII icon
1422
G-III Apparel Group
GIII
$1.43B
$258K 0.01%
10,330
+330
+3% +$7.67K
RYAM icon
1423
Rayonier Advanced Materials
RYAM
$575M
$258K 0.01%
16,430
+6,560
+66% +$93.7K
ALR
1424
DELISTED
AlerisLife Inc
ALR
$258K 0.01%
+17,205
New +$311K
JBHT icon
1425
JB Hunt Transport Services
JBHT
$26.5B
$257K 0.01%
2,810
– –
55 56
57
58 59

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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.