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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
ANIK icon
1401
Anika Therapeutics
ANIK
$285M
$319K 0.02%
5,500
+2,050
+59% +$107K
DISH
1402
DELISTED
DISH Network Corp.
DISH
$319K 0.02%
5,880
-1,430
-20% -$84.6K
CBOE icon
1403
Cboe Global Markets
CBOE
$30.6B
$318K 0.02%
2,950
– –
MAGN
1404
Magnera Corp
MAGN
$436M
$318K 0.02%
1,257
+466
+59% +$111K
FTI icon
1405
TechnipFMC
FTI
$29.9B
$317K 0.02%
15,254
-5,134
-25% -$103K
VRTS icon
1406
Virtus Investment Partners
VRTS
$1.12B
$316K 0.02%
2,720
+1,150
+73% +$128K
CLDT
1407
Chatham Lodging
CLDT
$600M
$315K 0.02%
14,770
+5,710
+63% +$116K
MKC icon
1408
McCormick & Company Non-Voting
MKC
$14.7B
$315K 0.02%
6,140
-1,180
-16% -$56.9K
PIPR icon
1409
Piper Sandler
PIPR
$5.41B
$315K 0.02%
21,240
+7,760
+58% +$115K
SMCI icon
1410
Super Micro Computer
SMCI
$25.5B
$315K 0.02%
142,500
+53,600
+60% +$137K
LMNX
1411
DELISTED
Luminex Corp
LMNX
$314K 0.02%
15,430
+6,000
+64% +$119K
CBB
1412
DELISTED
Cincinnati Bell Inc.
CBB
$314K 0.02%
15,810
+5,860
+59% +$115K
CHD icon
1413
Church & Dwight Co
CHD
$24B
$313K 0.02%
6,450
-1,810
-22% -$91.9K
HDSN
1414
Hudson Technologies
HDSN
$240M
$313K 0.02%
40,070
– –
STX icon
1415
Seagate
STX
$209B
$312K 0.02%
9,390
-2,050
-18% -$69.6K
SVU
1416
DELISTED
SUPERVALU Inc.
SVU
$312K 0.02%
14,347
+5,320
+59% +$118K
FINL
1417
DELISTED
Finish Line
FINL
$312K 0.02%
25,960
+5,570
+27% +$66.5K
AVP
1418
DELISTED
Avon Products, Inc.
AVP
$310K 0.02%
133,060
-32,330
-20% -$95.8K
CENX icon
1419
Century Aluminum
CENX
$4.73B
$309K 0.02%
18,660
+6,930
+59% +$120K
CSV icon
1420
Carriage Services
CSV
$556M
$309K 0.02%
12,060
– –
FMC icon
1421
FMC
FMC
$1.25B
$309K 0.02%
3,989
-992
-20% -$71.2K
MTRX icon
1422
Matrix Service
MTRX
$330M
$309K 0.02%
20,310
+3,880
+24% +$44.1K
SALM
1423
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
$309K 0.02%
46,750
– –
HMTV
1424
DELISTED
Hemisphere Media Group, Inc.
HMTV
$309K 0.02%
25,880
– –
WYNN icon
1425
Wynn Resorts
WYNN
$10.5B
$308K 0.02%
2,070
-450
-18% -$61.4K
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 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.