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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 | |
|---|---|---|---|---|---|---|
|
FARO
1576
DELISTED
Faro Technologies
FARO
| $149K | 0.01% |
3,930
+130
| +3% | +$4.62K |
|
1577
El Pollo Loco
LOCO
$463M
| $149K | 0.01% |
10,710
-24,240
| -69% | -$323K |
|
|
FRAN
1578
DELISTED
Francesca's Holdings Corporation
FRAN
| $149K | 0.01% |
1,139
+415
| +57% | +$67.3K |
|
|
PGTI
1579
DELISTED
PGT, Inc.
PGTI
| $148K | 0.01% |
11,560
-58,560
| -84% | -$671K |
|
1580
Perdoceo Education
PRDO
$1.96B
| $147K | 0.01% |
15,330
-51,040
| -77% | -$497K |
|
1581
Upbound Group
UPBD
$1.11B
| $147K | 0.01% |
12,550
+440
| +4% | +$4.97K |
|
|
CSRA
1582
DELISTED
CSRA Inc.
CSRA
| $147K | 0.01% |
4,630
| – | – |
|
|
MODV
1583
DELISTED
ModivCare
MODV
| $145K | 0.01% |
2,870
+100
| +4% | +$4.6K |
|
|
DNR
1584
DELISTED
Denbury Resources, Inc.
DNR
| $144K | 0.01% |
93,990
-89,810
| -49% | -$168K |
|
|
ATW
1585
DELISTED
Atwood Oceanics
ATW
| $144K | 0.01% |
17,670
+1,030
| +6% | +$8.87K |
|
1586
Donnelley Financial Solutions
DFIN
$1.17B
| $142K | 0.01% |
6,200
+190
| +3% | +$4.16K |
|
1587
Metallus
MTUS
$900M
| $142K | 0.01% |
9,230
+340
| +4% | +$5.04K |
|
|
LCI
1588
DELISTED
Lannett Company, Inc.
LCI
| $142K | 0.01% |
1,735
+75
| +5% | +$6.53K |
|
1589
Range Resources
RRC
$9.39B
| $140K | 0.01% |
6,050
| – | – |
|
1590
TripAdvisor
TRIP
$1.26B
| $139K | 0.01% |
3,630
| – | – |
|
|
BFX
1591
DELISTED
BowFlex Inc.
BFX
| $139K | 0.01% |
7,260
+170
| +2% | +$3.07K |
|
1592
Independence Realty Trust
IRT
$3.96B
| $138K | 0.01% |
+14,020
| New | +$133K |
|
1593
LivePerson
LPSN
$34.1M
| $138K | 0.01% |
839
+44
| +6% | +$6.04K |
|
|
AHRT
1594
AH Realty Trust
AHRT
$501M
| $137K | 0.01% |
+10,610
| New | +$145K |
|
1595
Powell Industries
POWL
$7.58B
| $137K | 0.01% |
12,840
-38,880
| -75% | -$432K |
|
1596
Crocs
CROX
$6.26B
| $135K | 0.01% |
17,510
+750
| +4% | +$5.03K |
|
1597
Marcus Corp
MCS
$914M
| $135K | 0.01% |
4,470
+210
| +5% | +$6.79K |
|
1598
Forestar Group
FOR
$1.49B
| $133K | 0.01% |
7,780
+1,670
| +27% | +$24.9K |
|
|
WLH
1599
DELISTED
WILLIAM LYON HOMES
WLH
| $133K | 0.01% |
+5,530
| New | +$124K |
|
1600
AngioDynamics
ANGO
$651M
| $132K | 0.01% |
8,160
+960
| +13% | +$15.2K |
|
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.