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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
(-7.5%)
Cap. Flow
-$238M
Cap. Flow
% of AUM
-12.51%
Top 10 Holdings %
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$3.72M |
| 2 |
Booking.com
BKNG
|
+$3.14M |
| 3 |
Globe Life
GL
|
+$2.41M |
| 4 |
Ecolab
ECL
|
+$2.14M |
| 5 |
Ametek
AME
|
+$1.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ABMD
Abiomed Inc
ABMD
|
+$4.33M |
| 2 |
MSCI
MSCI
|
+$4.04M |
| 3 |
Broadridge
BR
|
+$3.74M |
| 4 |
HF Sinclair
DINO
|
+$3.36M |
| 5 |
RTX Corp
RTX
|
+$3.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.06% |
| 2 | Technology | 13.61% |
| 3 | Industrials | 12.59% |
| 4 | Healthcare | 10.77% |
| 5 | Consumer Discretionary | 10.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SMED
1401
DELISTED
Sharps Compliance Corp
SMED
| $305K | 0.02% |
82,750
| – | – |
|
1402
C.H. Robinson
CHRW
$17.6B
| $304K | 0.02% |
3,630
| – | – |
|
|
FONR
1403
DELISTED
Fonar
FONR
| $303K | 0.02% |
11,420
| – | – |
|
1404
Mind CTI
MNDO
$20.6M
| $303K | 0.02% |
139,130
| – | – |
|
1405
Century Aluminum
CENX
$4.64B
| $302K | 0.02% |
19,140
-800
| -4% | -$13.5K |
|
1406
Orthofix Medical
OFIX
$415M
| $302K | 0.02% |
5,320
-3,870
| -42% | -$220K |
|
|
SNBR
1407
DELISTED
Sleep Number
SNBR
| $302K | 0.02% |
10,410
-5,230
| -33% | -$159K |
|
|
SALM
1408
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
| $302K | 0.02% |
58,650
| – | – |
|
1409
Perdoceo Education
PRDO
$2.01B
| $301K | 0.02% |
18,640
-7,590
| -29% | -$111K |
|
1410
Tompkins Financial
TMP
$1.45B
| $300K | 0.02% |
3,490
-1,450
| -29% | -$119K |
|
1411
WisdomTree
WT
$3.44B
| $298K | 0.02% |
32,800
-13,410
| -29% | -$140K |
|
1412
ATN International
ATNI
$496M
| $297K | 0.02% |
5,640
-1,770
| -24% | -$99.4K |
|
1413
Cooper Companies
COO
$14.9B
| $297K | 0.02% |
5,040
-10,160
| -67% | -$580K |
|
1414
Cato Corp
CATO
$67.3M
| $296K | 0.02% |
12,010
+3,000
| +33% | +$59.1K |
|
1415
National Bank Holdings
NBHC
$1.95B
| $296K | 0.02% |
7,660
-3,120
| -29% | -$115K |
|
1416
Green Brick Partners
GRBK
$3.02B
| $295K | 0.02% |
30,150
| – | – |
|
1417
Mid-America Apartment Communities
MAA
$15.6B
| $295K | 0.02% |
2,930
| – | – |
|
|
LDL
1418
DELISTED
Lydall, Inc.
LDL
| $295K | 0.02% |
6,750
-180
| -3% | -$7.88K |
|
|
CORE
1419
DELISTED
Core Mark Holding Co., Inc.
CORE
| $295K | 0.02% |
13,010
-5,420
| -29% | -$111K |
|
1420
Lindsay Corp
LNN
$1.16B
| $294K | 0.02% |
3,030
-1,220
| -29% | -$115K |
|
1421
Henry Schein
HSIC
$10B
| $293K | 0.02% |
5,138
| – | – |
|
1422
Bread Financial
BFH
$4.52B
| $292K | 0.02% |
1,566
| – | – |
|
|
EGOV
1423
DELISTED
NIC Inc
EGOV
| $292K | 0.02% |
18,750
-7,720
| -29% | -$117K |
|
|
CA
1424
DELISTED
CA, Inc.
CA
| $291K | 0.02% |
8,160
-13,360
| -62% | -$471K |
|
|
RRTS
1425
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $289K | 0.02% |
5,533
-1,287
| -19% | -$71.7K |
|
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Municipal Employees' Retirement System of Michigan's Q2 2018 Portfolio in Review
As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.
Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.
- Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
- Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
- Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
- Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
- Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.