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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
FTR
1476
DELISTED
Frontier Communications Corp.
FTR
$280K 0.01%
23,751
-5,780
-20% -$81.2K
NPK icon
1477
National Presto Industries
NPK
$983M
$278K 0.01%
2,610
+700
+37% +$74K
BFH icon
1478
Bread Financial
BFH
$4.49B
$277K 0.01%
1,566
-765
-33% -$142K
LEN icon
1479
Lennar Class A
LEN
$21B
$277K 0.01%
5,515
-1,146
-17% -$57.1K
PGTI
1480
DELISTED
PGT, Inc.
PGTI
$277K 0.01%
18,540
+6,980
+60% +$93K
BBW icon
1481
Build-A-Bear
BBW
$470M
$276K 0.01%
30,140
– –
CHRW icon
1482
C.H. Robinson
CHRW
$17.6B
$276K 0.01%
3,630
-910
-20% -$63.1K
EPM icon
1483
Evolution Petroleum
EPM
$135M
$276K 0.01%
38,270
– –
ITG
1484
DELISTED
Investment Technology Group Inc
ITG
$276K 0.01%
12,470
+5,020
+67% +$105K
BF.B icon
1485
Brown-Forman Class B
BF.B
$12.9B
$275K 0.01%
7,906
-1,203
-13% -$39.1K
BFS
1486
Saul Centers
BFS
$860M
$275K 0.01%
4,440
+1,660
+60% +$100K
CYTK icon
1487
Cytokinetics
CYTK
$10.4B
$275K 0.01%
18,990
+8,120
+75% +$111K
MCHB
1488
Mechanics Bancorp
MCHB
$3.8B
$275K 0.01%
10,180
+3,770
+59% +$98.1K
PEI
1489
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
$275K 0.01%
1,745
+652
+60% +$107K
NXGN
1490
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$274K 0.01%
17,410
+6,510
+60% +$105K
DFIN icon
1491
Donnelley Financial Solutions
DFIN
$1.17B
$273K 0.01%
12,680
+6,480
+105% +$140K
LPSN icon
1492
LivePerson
LPSN
$34.4M
$273K 0.01%
1,345
+506
+60% +$97.1K
ISCA
1493
DELISTED
International Speedway Corp
ISCA
$272K 0.01%
7,550
-2,010
-21% -$70.2K
RRD
1494
DELISTED
RR Donnelley & Sons Co.
RRD
$271K 0.01%
26,270
+9,780
+59% +$101K
CROX icon
1495
Crocs
CROX
$6.32B
$270K 0.01%
27,800
+10,290
+59% +$88K
ANSS
1496
DELISTED
Ansys
ANSS
$269K 0.01%
2,190
-600
-22% -$75.3K
PAHC icon
1497
Phibro Animal Health
PAHC
$1.38B
$269K 0.01%
7,250
+2,880
+66% +$108K
FBIN icon
1498
Fortune Brands Innovations
FBIN
$5.79B
$268K 0.01%
4,657
-1,099
-19% -$60.8K
NTWK icon
1499
NetSol Technologies
NTWK
$48.2M
$267K 0.01%
76,250
– –
ALR
1500
DELISTED
AlerisLife Inc
ALR
$267K 0.01%
17,205
– –
58 59
60
61 62

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.