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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 | |
|---|---|---|---|---|---|---|
|
AVTA
1501
DELISTED
Avantax, Inc. Common Stock
AVTA
| $198K | 0.01% |
9,340
+620
| +7% | +$12.3K |
|
1502
ANI Pharmaceuticals
ANIP
$1.73B
| $197K | 0.01% |
4,200
+2,390
| +132% | +$115K |
|
1503
Capri Holdings
CPRI
$1.77B
| $197K | 0.01% |
5,440
| – | – |
|
1504
Orthofix Medical
OFIX
$424M
| $196K | 0.01% |
+4,210
| New | +$175K |
|
|
CBB
1505
DELISTED
Cincinnati Bell Inc.
CBB
| $195K | 0.01% |
9,950
+390
| +4% | +$6.99K |
|
1506
Universal Insurance Holdings
UVE
$1.18B
| $194K | 0.01% |
7,710
-2,900
| -27% | -$71.3K |
|
1507
Xerox
XRX
$412M
| $193K | 0.01% |
6,727
-10,666
| -61% | -$301K |
|
|
KG
1508
Kestrel Group
KG
$66.3M
| $192K | 0.01% |
866
-963
| -53% | -$225K |
|
1509
Flowserve
FLS
$10.3B
| $191K | 0.01% |
4,110
-7,870
| -66% | -$380K |
|
|
VRTU
1510
DELISTED
Virtusa Corporation
VRTU
| $191K | 0.01% |
6,510
+260
| +4% | +$7.64K |
|
|
BGC
1511
DELISTED
General Cable Corporation
BGC
| $191K | 0.01% |
11,700
+470
| +4% | +$7.95K |
|
1512
Archrock
AROC
$5.84B
| $190K | 0.01% |
16,650
+780
| +5% | +$8.94K |
|
1513
Medifast
MED
$130M
| $190K | 0.01% |
4,590
-13,720
| -75% | -$596K |
|
|
NXGN
1514
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $188K | 0.01% |
10,900
+400
| +4% | +$6.08K |
|
1515
Helmerich & Payne
HP
$4.29B
| $187K | 0.01% |
3,440
| – | – |
|
|
DEL
1516
DELISTED
Deltic Timber
DEL
| $187K | 0.01% |
2,500
+100
| +4% | +$7.37K |
|
|
PEI
1517
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $186K | 0.01% |
1,093
+36
| +3% | +$6.71K |
|
1518
AeroVironment
AVAV
$9.81B
| $185K | 0.01% |
4,850
+150
| +3% | +$4.54K |
|
1519
Hawkins
HWKN
$2.7B
| $185K | 0.01% |
7,980
+160
| +2% | +$3.86K |
|
1520
Century Aluminum
CENX
$4.77B
| $183K | 0.01% |
11,730
+370
| +3% | +$5.16K |
|
1521
Helix Energy Solutions
HLX
$1.49B
| $183K | 0.01% |
32,420
+1,920
| +6% | +$11.6K |
|
|
NFBK
1522
DELISTED
Northfield Bancorp
NFBK
| $183K | 0.01% |
10,650
-4,050
| -28% | -$70.6K |
|
|
CLDT
1523
Chatham Lodging
CLDT
$590M
| $182K | 0.01% |
+9,060
| New | +$178K |
|
1524
Clearwater Paper
CLW
$356M
| $181K | 0.01% |
3,880
-1,030
| -21% | -$49.7K |
|
|
TYPE
1525
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $181K | 0.01% |
9,890
+380
| +4% | +$7.43K |
|
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.