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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
+4.84%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.12B
AUM Growth
+$53.2M
Cap. Flow
-$21.6M
Cap. Flow %
-1.02%
Top 10 Hldgs %
7.13%
Holding
1,704
New
19
Increased
563
Reduced
177
Closed
24

Top Buys

Rank Stock Value
1
BIVV
Bioverativ Inc. Common Stock
BIVV
+$2.48M
2
LOGM
LogMein, Inc.
LOGM
+$1.91M
3
CONE
CyrusOne Inc Common Stock
CONE
+$1.69M
4
SBH icon
Sally Beauty Holdings
SBH
+$1.51M
5
GEO icon
The GEO Group
GEO
+$1.5M

Top Sells

Rank Stock Value
1
IDXX icon
Idexx Laboratories
IDXX
+$5.24M
2
SNPS icon
Synopsys
SNPS
+$4.3M
3
REG icon
Regency Centers
REG
+$2.97M
4
ENH
Endurance Specialty Holdings Ltd
ENH
+$2.7M
5
CBOE icon
Cboe Global Markets
CBOE
+$2.68M

Sector Composition

Rank Sector Weight
1 Financials 15.53%
2 Industrials 13.86%
3 Technology 13.47%
4 Healthcare 10.99%
5 Consumer Discretionary 9.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TISI icon
1501
Team
TISI
$101M
$180K 0.01%
666
– –
PBCT
1502
DELISTED
People's United Financial Inc
PBCT
$180K 0.01%
9,880
– –
HT
1503
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$179K 0.01%
+9,530
New +$191K
BJRI icon
1504
BJ's Restaurants
BJRI
$1.48B
$178K 0.01%
4,400
-160
-4% -$5.92K
ASRT
1505
DELISTED
Assertio
ASRT
$177K 0.01%
235
– –
FORR icon
1506
Forrester Research
FORR
$220M
$177K 0.01%
4,460
+80
+2% +$3.14K
IRDM icon
1507
Iridium Communications
IRDM
$5.26B
$177K 0.01%
18,380
+340
+2% +$3.24K
AEGN
1508
DELISTED
Aegion Corp
AEGN
$177K 0.01%
7,740
-160
-2% -$3.68K
RRC icon
1509
Range Resources
RRC
$9.39B
$176K 0.01%
6,050
– –
WGO icon
1510
Winnebago Industries
WGO
$915M
$175K 0.01%
5,980
– –
AMAG
1511
DELISTED
AMAG Pharmaceuticals
AMAG
$175K 0.01%
7,770
– –
AVD icon
1512
American Vanguard Corp
AVD
$64M
$172K 0.01%
10,390
– –
TRST
1513
Trustco Bank Corp NY
TRST
$963M
$172K 0.01%
4,374
+96
+2% +$3.97K
ATNI icon
1514
ATN International
ATNI
$478M
$171K 0.01%
2,430
– –
RRGB icon
1515
Red Robin
RRGB
$151M
$171K 0.01%
2,930
-70
-2% -$3.52K
CBB
1516
DELISTED
Cincinnati Bell Inc.
CBB
$169K 0.01%
9,560
– –
BH icon
1517
Biglari Holdings Class B
BH
$1.23B
$168K 0.01%
585
– –
MTUS icon
1518
Metallus
MTUS
$900M
$168K 0.01%
8,890
– –
GAP
1519
The Gap Inc
GAP
$7.29B
$168K 0.01%
6,930
– –
PKE icon
1520
Park Aerospace
PKE
$828M
$167K 0.01%
9,350
– –
CCC
1521
DELISTED
Calgon Carbon Corp
CCC
$167K 0.01%
11,450
– –
TLRD
1522
DELISTED
Tailored Brands, Inc.
TLRD
$166K 0.01%
11,140
– –
MOV icon
1523
Movado Group
MOV
$815M
$165K 0.01%
6,620
– –
ASNA
1524
DELISTED
Ascena Retail Group, Inc.
ASNA
$164K 0.01%
1,921
– –
BFS
1525
Saul Centers
BFS
$850M
$163K 0.01%
2,650
– –
59 60
61
62 63

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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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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2017 Portfolio in Review

As of Q1 2017, Municipal Employees' Retirement System of Michigan held 1,704 positions worth $2.12B, up 2.6% from $2.07B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.

Trading was light in Q1 2017: portfolio turnover was 2.5%. Municipal Employees' Retirement System of Michigan opened 19 new positions and exited 24, leaving the 1,704-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Industrials and Technology.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2017 buy was Bioverativ Inc. Common Stock: 50,410 shares worth $2.75M.
  • Municipal Employees' Retirement System of Michigan added most to LogMein, Inc. in Q1 2017, an estimated $1.91M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2017 reduction was Idexx Laboratories, cutting an estimated $5.24M.
  • Municipal Employees' Retirement System of Michigan fully exited Endurance Specialty Holdings Ltd in Q1 2017, selling an estimated $2.7M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.1% of its $2.12B portfolio in Q1 2017.
  • Municipal Employees' Retirement System of Michigan opened 19 new positions and closed 24 in Q1 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.6% quarter-over-quarter to $2.12B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2017, filed 11 May 2017.