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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 | |
|---|---|---|---|---|---|---|
1551
Tredegar Corp
TG
$281M
| $164K | 0.01% |
10,720
+4,950
| +86% | +$80.3K |
|
1552
Team
TISI
$101M
| $163K | 0.01% |
696
+30
| +5% | +$7.71K |
|
1553
Phibro Animal Health
PAHC
$1.37B
| $162K | 0.01% |
4,370
+150
| +4% | +$4.9K |
|
|
BFS
1554
Saul Centers
BFS
$850M
| $161K | 0.01% |
2,780
+130
| +5% | +$7.79K |
|
|
TTSH
1555
DELISTED
Tile Shop Holdings
TTSH
| $161K | 0.01% |
7,780
+260
| +3% | +$5.28K |
|
|
HIBB
1556
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $161K | 0.01% |
7,750
+2,650
| +52% | +$65.2K |
|
|
GTY
1557
Getty Realty Corp
GTY
$2.04B
| $160K | 0.01% |
6,368
+370
| +6% | +$9.48K |
|
1558
HealthStream
HSTM
$829M
| $158K | 0.01% |
6,000
+290
| +5% | +$7.97K |
|
|
ITG
1559
DELISTED
Investment Technology Group Inc
ITG
| $158K | 0.01% |
7,450
-4,010
| -35% | -$81.9K |
|
|
ASRT
1560
DELISTED
Assertio
ASRT
| $157K | 0.01% |
244
+9
| +4% | +$6K |
|
1561
Monarch Casino & Resort
MCRI
$2.22B
| $157K | 0.01% |
5,190
-13,980
| -73% | -$421K |
|
|
VIVO
1562
DELISTED
Meridian Bioscience Inc
VIVO
| $157K | 0.01% |
9,950
+370
| +4% | +$5.33K |
|
|
ORIT
1563
DELISTED
Oritani Financial Corp. New
ORIT
| $155K | 0.01% |
9,100
-4,140
| -31% | -$69.9K |
|
1564
Matrix Service
MTRX
$330M
| $154K | 0.01% |
16,430
-61,020
| -79% | -$686K |
|
|
NPKI
1565
NPK International
NPKI
$1.19B
| $154K | 0.01% |
21,000
+1,610
| +8% | +$12.3K |
|
|
PRFT
1566
DELISTED
Perficient Inc
PRFT
| $154K | 0.01% |
8,250
-3,780
| -31% | -$65.4K |
|
|
HSKA
1567
DELISTED
Heska Corp
HSKA
| $154K | 0.01% |
+1,510
| New | +$149K |
|
1568
Shake Shack
SHAK
$2.94B
| $153K | 0.01% |
4,380
+280
| +7% | +$10K |
|
|
RUTH
1569
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $153K | 0.01% |
7,030
-18,340
| -72% | -$386K |
|
1570
Transocean
RIG
$6.37B
| $152K | 0.01% |
18,550
| – | – |
|
1571
TTEC Holdings
TTEC
$77.4M
| $152K | 0.01% |
3,730
+160
| +4% | +$5.8K |
|
|
AMAG
1572
DELISTED
AMAG Pharmaceuticals
AMAG
| $152K | 0.01% |
8,280
+510
| +7% | +$10.1K |
|
|
DPLO
1573
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $152K | 0.01% |
10,250
+480
| +5% | +$8K |
|
1574
Amphastar Pharmaceuticals
AMPH
$850M
| $151K | 0.01% |
8,430
+230
| +3% | +$3.65K |
|
|
EGRX
1575
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $151K | 0.01% |
1,910
+120
| +7% | +$9.81K |
|
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.