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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
RTN
126
DELISTED
Raytheon Company
RTN
$2.57M 0.14%
13,760
-1,960
-12% -$345K
CPT icon
127
Camden Property Trust
CPT
$10.9B
$2.56M 0.14%
27,950
-5,880
-17% -$529K
AVGO icon
128
Broadcom
AVGO
$1.98T
$2.55M 0.13%
105,080
-26,000
-20% -$643K
LDOS icon
129
Leidos
LDOS
$17.6B
$2.55M 0.13%
42,990
-12,390
-22% -$690K
KELYA icon
130
Kelly Services Class A
KELYA
$536M
$2.53M 0.13%
101,000
+4,520
+5% +$102K
CDK
131
DELISTED
CDK Global, Inc.
CDK
$2.51M 0.13%
39,840
-16,210
-29% -$1.02M
STLD icon
132
Steel Dynamics
STLD
$37.7B
$2.5M 0.13%
72,550
-20,780
-22% -$729K
BNY
133
Bank of New York Mellon
BNY
$111B
$2.5M 0.13%
47,120
-7,450
-14% -$391K
MS icon
134
Morgan Stanley
MS
$342B
$2.48M 0.13%
51,460
-10,610
-17% -$492K
LOW icon
135
Lowe's Companies
LOW
$121B
$2.47M 0.13%
30,850
-6,260
-17% -$479K
CENTA icon
136
Central Garden & Pet Co Class A
CENTA
$2.43B
$2.46M 0.13%
82,588
+6,438
+8% +$171K
UGI icon
137
UGI
UGI
$7.53B
$2.46M 0.13%
52,440
-14,390
-22% -$702K
SEIC icon
138
SEI Investments
SEIC
$12.7B
$2.42M 0.13%
39,690
-11,770
-23% -$668K
JKHY icon
139
Jack Henry & Associates
JKHY
$10.8B
$2.41M 0.13%
23,420
-6,550
-22% -$678K
ABT icon
140
Abbott
ABT
$192B
$2.4M 0.13%
44,888
-11,770
-21% -$591K
MAN icon
141
ManpowerGroup
MAN
$2.61B
$2.38M 0.13%
20,180
-5,570
-22% -$623K
KEYS icon
142
Keysight
KEYS
$60.6B
$2.34M 0.12%
56,070
-15,220
-21% -$623K
BKNG icon
143
Booking.com
BKNG
$159B
$2.33M 0.12%
31,750
-8,000
-20% -$607K
OA
144
DELISTED
Orbital ATK, Inc.
OA
$2.32M 0.12%
17,420
-4,860
-22% -$533K
WCG
145
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.31M 0.12%
13,460
-3,710
-22% -$650K
ODFL icon
146
Old Dominion Freight Line
ODFL
$44.1B
$2.28M 0.12%
62,040
-18,150
-23% -$599K
STE icon
147
Steris
STE
$23.1B
$2.27M 0.12%
25,690
-7,090
-22% -$601K
CME icon
148
CME Group
CME
$94.3B
$2.26M 0.12%
16,670
-2,170
-12% -$274K
SO icon
149
Southern Company
SO
$106B
$2.26M 0.12%
45,940
-6,660
-13% -$323K
EZPW icon
150
Ezcorp Inc
EZPW
$1.78B
$2.25M 0.12%
236,690
+7,820
+3% +$68.3K
4 5
6
7 8

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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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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.