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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
IFF icon
1451
International Flavors & Fragrances
IFF
$21.5B
$292K 0.02%
2,040
-490
-19% -$67.2K
DIN icon
1452
Dine Brands
DIN
$445M
$291K 0.02%
6,770
+2,780
+70% +$114K
IT icon
1453
Gartner
IT
$11.1B
$291K 0.02%
2,340
-610
-21% -$75.4K
XYL icon
1454
Xylem
XYL
$28.1B
$291K 0.02%
4,640
-1,080
-19% -$64.5K
PRGO icon
1455
Perrigo
PRGO
$1.74B
$290K 0.02%
3,430
-1,130
-25% -$87.9K
USPH icon
1456
US Physical Therapy
USPH
$1.23B
$289K 0.02%
4,700
+1,750
+59% +$107K
CKH
1457
DELISTED
Seacor Holdings Inc.
CKH
$289K 0.02%
6,473
+2,544
+65% +$93.1K
ARE icon
1458
Alexandria Real Estate Equities
ARE
$8.33B
$288K 0.02%
2,420
-550
-19% -$66.1K
GCO icon
1459
Genesco
GCO
$389M
$287K 0.02%
10,780
+2,650
+33% +$74.9K
LKQ icon
1460
LKQ Corp
LKQ
$6.23B
$287K 0.02%
7,980
-1,800
-18% -$61.3K
AJG icon
1461
Arthur J. Gallagher & Co
AJG
$64.1B
$286K 0.02%
4,650
-1,200
-21% -$70.6K
AORT icon
1462
Artivion
AORT
$1.38B
$286K 0.02%
12,590
+6,210
+97% +$125K
CDNS icon
1463
Cadence Design Systems
CDNS
$89.8B
$286K 0.02%
7,240
-100,690
-93% -$3.71M
TZOO icon
1464
Travelzoo
TZOO
$74M
$286K 0.02%
33,300
– –
ATW
1465
DELISTED
Atwood Oceanics
ATW
$285K 0.02%
30,320
+12,650
+72% +$95.4K
TSS
1466
DELISTED
Total System Services, Inc.
TSS
$284K 0.02%
4,330
-1,040
-19% -$67.2K
DO
1467
DELISTED
Diamond Offshore Drilling
DO
$283K 0.02%
19,510
-4,830
-20% -$58.1K
RMD icon
1468
ResMed
RMD
$32.7B
$282K 0.01%
3,670
-51,070
-93% -$3.91M
UVE icon
1469
Universal Insurance Holdings
UVE
$1.18B
$282K 0.01%
12,240
+4,530
+59% +$103K
ATNI icon
1470
ATN International
ATNI
$493M
$281K 0.01%
5,320
+1,640
+45% +$98K
FOGO
1471
DELISTED
Fogo de Chao, Inc. Common Stock
FOGO
$281K 0.01%
22,680
– –
PKG icon
1472
Packaging Corp of America
PKG
$22.9B
$280K 0.01%
2,440
-33,920
-93% -$3.79M
RJF icon
1473
Raymond James Financial
RJF
$34.6B
$280K 0.01%
4,980
-1,305
-21% -$70.4K
TNL icon
1474
Travel + Leisure Co
TNL
$4.56B
$280K 0.01%
5,892
-1,883
-24% -$85.9K
XEC
1475
DELISTED
CIMAREX ENERGY CO
XEC
$280K 0.01%
2,460
-560
-19% -$55.9K
57 58
59
60 61

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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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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.