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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
+2.38%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.01B
AUM Growth
-$109M
(-5.1%)
Cap. Flow
-$140M
Cap. Flow
% of AUM
-6.96%
Top 10 Holdings %
Top 10 Hldgs %
7.76%
Holding
1,778
New
98
Increased
613
Reduced
720
Closed
101
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
RMP
Rice Midstream Partners LP
RMP
|
+$3.8M |
| 2 |
Stewart Information Services
STC
|
+$3.43M |
| 3 |
Boeing
BA
|
+$2.82M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$2.82M |
| 5 |
Charter Communications
CHTR
|
+$2.77M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WWAV
The WhiteWave Foods Company
WWAV
|
+$4.61M |
| 2 |
CSC
Computer Sciences
CSC
|
+$4.5M |
| 3 |
Alexandria Real Estate Equities
ARE
|
+$4.45M |
| 4 |
ANSS
Ansys
ANSS
|
+$4.4M |
| 5 |
Align Technology
ALGN
|
+$4.37M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.68% |
| 2 | Industrials | 13.88% |
| 3 | Technology | 13.58% |
| 4 | Healthcare | 11.48% |
| 5 | Consumer Discretionary | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1476
Oxford Industries
OXM
$550M
| $220K | 0.01% |
3,520
-960
| -21% | -$55.4K |
|
1477
Super Micro Computer
SMCI
$26.8B
| $219K | 0.01% |
88,900
+3,600
| +4% | +$8.8K |
|
|
AIV
1478
Aimco
AIV
$378M
| $217K | 0.01% |
37,834
| – | – |
|
1479
Hanmi Financial
HAFC
$959M
| $217K | 0.01% |
7,630
+300
| +4% | +$8.56K |
|
|
ACOR
1480
DELISTED
Acorda Therapeutics
ACOR
| $216K | 0.01% |
91
+3
| +3% | +$5.94K |
|
1481
First Bancorp
FBP
$4.48B
| $214K | 0.01% |
36,950
-12,150
| -25% | -$68.1K |
|
1482
National Presto Industries
NPK
$992M
| $211K | 0.01% |
1,910
-5,850
| -75% | -$618K |
|
|
SPLS
1483
DELISTED
Staples Inc
SPLS
| $211K | 0.01% |
20,910
| – | – |
|
1484
Wingstop
WING
$3.06B
| $210K | 0.01% |
6,810
+210
| +3% | +$6.24K |
|
|
LDL
1485
DELISTED
Lydall, Inc.
LDL
| $210K | 0.01% |
4,070
-11,970
| -75% | -$617K |
|
1486
Regis Corp
RGS
$69.8M
| $209K | 0.01% |
1,020
-151
| -13% | -$31K |
|
|
NE
1487
DELISTED
Noble Corporation
NE
| $209K | 0.01% |
57,700
-53,910
| -48% | -$248K |
|
1488
National Bank Holdings
NBHC
$1.94B
| $208K | 0.01% |
6,280
+380
| +6% | +$12.1K |
|
|
SVU
1489
DELISTED
SUPERVALU Inc.
SVU
| $208K | 0.01% |
9,027
+307
| +4% | +$8.17K |
|
1490
CF Industries
CF
$17.8B
| $207K | 0.01% |
7,400
-3,700
| -33% | -$102K |
|
|
RRD
1491
DELISTED
RR Donnelley & Sons Co.
RRD
| $207K | 0.01% |
16,490
-34,030
| -67% | -$419K |
|
|
SNI
1492
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $207K | 0.01% |
3,030
| – | – |
|
1493
Insteel Industries
IIIN
$627M
| $206K | 0.01% |
6,230
-14,540
| -70% | -$485K |
|
|
SRCL
1494
DELISTED
Stericycle Inc
SRCL
| $206K | 0.01% |
2,700
-2,080
| -44% | -$171K |
|
1495
Piper Sandler
PIPR
$5.35B
| $202K | 0.01% |
13,480
-5,120
| -28% | -$77.3K |
|
|
MAGN
1496
Magnera Corp
MAGN
$434M
| $201K | 0.01% |
791
-288
| -27% | -$73.3K |
|
|
EXTN
1497
DELISTED
Exterran Corporation
EXTN
| $199K | 0.01% |
7,450
+300
| +4% | +$8.51K |
|
|
LMNX
1498
DELISTED
Luminex Corp
LMNX
| $199K | 0.01% |
9,430
-2,990
| -24% | -$59.9K |
|
1499
Red Robin
RRGB
$186M
| $198K | 0.01% |
3,040
+110
| +4% | +$6.98K |
|
1500
Shutterstock
SSTK
$205M
| $198K | 0.01% |
4,490
+80
| +2% | +$3.54K |
|
Similar funds
VAS
SFM
AI
HI
PEA
SUT
MU
WPL
Municipal Employees' Retirement System of Michigan's Q2 2017 Portfolio in Review
As of Q2 2017, Municipal Employees' Retirement System of Michigan held 1,778 positions worth $2.01B, down 5.1% from $2.12B the previous quarter. Its ten largest holdings account for 7.8% of the portfolio.
Municipal Employees' Retirement System of Michigan withdrew a net $140M in Q2 2017, closing 101 positions and reducing 720 holdings. Its most notable exit was The WhiteWave Foods Company, an estimated $4.61M 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 Rice Midstream Partners LP worth $3.16M.
- Municipal Employees' Retirement System of Michigan's largest Q2 2017 buy was Rice Midstream Partners LP: 158,490 shares worth $3.16M.
- Municipal Employees' Retirement System of Michigan added most to Stewart Information Services in Q2 2017, an estimated $3.43M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q2 2017 reduction was Alexandria Real Estate Equities, cutting an estimated $4.45M.
- Municipal Employees' Retirement System of Michigan fully exited The WhiteWave Foods Company in Q2 2017, selling an estimated $4.61M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.8% of its $2.01B portfolio in Q2 2017.
- Municipal Employees' Retirement System of Michigan opened 98 new positions and closed 101 in Q2 2017.
- Municipal Employees' Retirement System of Michigan's portfolio value fell 5.1% quarter-over-quarter to $2.01B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2017, filed 26 Jul 2017.