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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
CAMP
1426
DELISTED
CalAmp Corp.
CAMP
$308K 0.02%
577
+219
+61% +$96.7K
RYAM icon
1427
Rayonier Advanced Materials
RYAM
$572M
$307K 0.02%
22,470
+6,040
+37% +$86.1K
NTAP icon
1428
NetApp
NTAP
$40.2B
$305K 0.02%
6,970
-1,920
-22% -$79.3K
SQBG
1429
DELISTED
Sequential Brands Group, Inc.
SQBG
$305K 0.02%
2,548
– –
CPLA
1430
DELISTED
Capella Education Company
CPLA
$305K 0.02%
4,350
+1,620
+59% +$117K
CLW icon
1431
Clearwater Paper
CLW
$354M
$304K 0.02%
6,170
+2,290
+59% +$107K
M icon
1432
Macy's
M
$6.25B
$304K 0.02%
13,900
-2,060
-13% -$45.3K
NFBK
1433
DELISTED
Northfield Bancorp
NFBK
$303K 0.02%
17,470
+6,820
+64% +$112K
URI icon
1434
United Rentals
URI
$70.2B
$302K 0.02%
2,180
-570
-21% -$68.1K
TYPE
1435
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$302K 0.02%
15,700
+5,810
+59% +$109K
COO icon
1436
Cooper Companies
COO
$14.9B
$299K 0.02%
5,040
-1,160
-19% -$70.9K
TSQ icon
1437
Townsquare Media
TSQ
$104M
$299K 0.02%
29,880
– –
DF
1438
DELISTED
Dean Foods Company
DF
$299K 0.02%
27,500
-6,770
-20% -$87.1K
ANIP icon
1439
ANI Pharmaceuticals
ANIP
$1.71B
$298K 0.02%
5,670
+1,470
+35% +$70.1K
GRBK icon
1440
Green Brick Partners
GRBK
$3.03B
$298K 0.02%
30,150
– –
MRO
1441
DELISTED
Marathon Oil Corporation
MRO
$298K 0.02%
21,960
-5,120
-19% -$60.8K
NX icon
1442
Quanex
NX
$981M
$297K 0.02%
12,920
+4,800
+59% +$99.3K
CINF icon
1443
Cincinnati Financial
CINF
$26.5B
$295K 0.02%
3,850
-910
-19% -$69.2K
NTIP icon
1444
Network-1 Technologies
NTIP
$36.1M
$295K 0.02%
76,680
– –
LYTS icon
1445
LSI Industries
LYTS
$906M
$294K 0.02%
44,550
– –
TPR icon
1446
Tapestry
TPR
$25.9B
$294K 0.02%
7,300
-1,600
-18% -$70.5K
CRAY
1447
DELISTED
Cray, Inc.
CRAY
$294K 0.02%
15,120
+5,500
+57% +$104K
TFCF
1448
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$293K 0.02%
11,350
-4,440
-28% -$121K
EVHC
1449
DELISTED
Envision Healthcare Holdings Inc
EVHC
$293K 0.02%
6,520
-650
-9% -$34.7K
EQT icon
1450
EQT Corp
EQT
$33.6B
$292K 0.02%
8,230
-2,094
-20% -$71.2K
56 57
58
59 60

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VAS
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SFM
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AI
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HI
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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.