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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
IRM icon
1501
Iron Mountain
IRM
$37.5B
$266K 0.01%
6,830
-1,040
-13% -$38.9K
MCRI icon
1502
Monarch Casino & Resort
MCRI
$2.19B
$266K 0.01%
6,730
+1,540
+30% +$52K
TLRD
1503
DELISTED
Tailored Brands, Inc.
TLRD
$266K 0.01%
18,400
+6,810
+59% +$82.9K
AMD icon
1504
Advanced Micro Devices
AMD
$804B
$265K 0.01%
20,790
-4,510
-18% -$58.8K
IRT icon
1505
Independence Realty Trust
IRT
$4.02B
$265K 0.01%
26,020
+12,000
+86% +$121K
DRE
1506
DELISTED
Duke Realty Corp.
DRE
$265K 0.01%
9,190
-128,070
-93% -$3.69M
BWA icon
1507
BorgWarner
BWA
$13.9B
$263K 0.01%
5,828
-1,556
-21% -$63.5K
EXR icon
1508
Extra Space Storage
EXR
$31.4B
$260K 0.01%
3,250
-750
-19% -$58.4K
PRFT
1509
DELISTED
Perficient Inc
PRFT
$260K 0.01%
13,230
+4,980
+60% +$90.8K
MEET
1510
DELISTED
The Meet Group, Inc. Common Stock
MEET
$260K 0.01%
71,380
– –
SLG icon
1511
SL Green Realty
SLG
$4.08B
$259K 0.01%
2,645
-733
-22% -$71.1K
CASH icon
1512
Pathward Financial
CASH
$1.8B
$258K 0.01%
+9,870
New +$255K
TG icon
1513
Tredegar Corp
TG
$277M
$257K 0.01%
14,250
+3,530
+33% +$57.3K
FOR icon
1514
Forestar Group
FOR
$1.49B
$256K 0.01%
15,780
+8,000
+103% +$138K
SIG icon
1515
Signet Jewelers
SIG
$3.6B
$256K 0.01%
3,850
-840
-18% -$51.7K
PRDO icon
1516
Perdoceo Education
PRDO
$1.98B
$253K 0.01%
24,350
+9,020
+59% +$83.6K
UHS icon
1517
Universal Health Services
UHS
$10.1B
$253K 0.01%
2,280
-580
-20% -$65.3K
GHL
1518
DELISTED
Greenhill & Co., Inc.
GHL
$252K 0.01%
15,220
+3,830
+34% +$64.7K
ENTA icon
1519
Enanta Pharmaceuticals
ENTA
$405M
$251K 0.01%
5,370
+2,090
+64% +$84K
HWM icon
1520
Howmet Aerospace
HWM
$112B
$250K 0.01%
13,079
-5,151
-28% -$98.6K
DDE
1521
DELISTED
Dover Downs Gaming & Entertain
DDE
$247K 0.01%
239,790
– –
ZION icon
1522
Zions Bancorporation
ZION
$10.4B
$246K 0.01%
5,220
-1,300
-20% -$57.8K
JBHT icon
1523
JB Hunt Transport Services
JBHT
$26.4B
$245K 0.01%
2,210
-600
-21% -$58.1K
GWW icon
1524
W.W. Grainger
GWW
$61.4B
$244K 0.01%
1,360
-410
-23% -$69.2K
PNW icon
1525
Pinnacle West Capital
PNW
$12.2B
$244K 0.01%
2,880
-660
-19% -$57.8K
59 60
61
62 63

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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
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MU
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WPL
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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.