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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
COTY icon
1576
Coty
COTY
$2.46B
$201K 0.01%
12,180
-2,990
-20% -$54.1K
CMG icon
1577
Chipotle Mexican Grill
CMG
$41.8B
$200K 0.01%
32,500
-14,500
-31% -$97.7K
DNR
1578
DELISTED
Denbury Resources, Inc.
DNR
$200K 0.01%
149,470
+55,480
+59% +$72.3K
CRVL icon
1579
CorVel
CRVL
$3.16B
$199K 0.01%
10,980
+4,050
+58% +$67.6K
NRG icon
1580
NRG Energy
NRG
$25.6B
$199K 0.01%
7,770
-2,250
-22% -$53.2K
EXPR
1581
DELISTED
Express, Inc.
EXPR
$199K 0.01%
1,471
+546
+59% +$68.9K
MCS icon
1582
Marcus Corp
MCS
$923M
$198K 0.01%
7,160
+2,690
+60% +$72.2K
BH icon
1583
Biglari Holdings Class B
BH
$1.24B
$197K 0.01%
885
+210
+31% +$47.5K
RVTY icon
1584
Revvity
RVTY
$13.1B
$197K 0.01%
2,850
-640
-18% -$42.9K
BWEN icon
1585
Broadwind
BWEN
$127M
$195K 0.01%
60,070
– –
BFX
1586
DELISTED
BowFlex Inc.
BFX
$195K 0.01%
11,520
+4,260
+59% +$73.5K
IVC
1587
DELISTED
Invacare Corporation
IVC
$195K 0.01%
12,360
+4,780
+63% +$68.2K
ECHO
1588
DELISTED
Echo Global Logistics, Inc.
ECHO
$194K 0.01%
10,280
+3,830
+59% +$62.7K
PGNX
1589
DELISTED
Progenics Pharmaceuticals Inc
PGNX
$194K 0.01%
26,350
+9,750
+59% +$61.9K
FRGI
1590
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$193K 0.01%
10,160
+3,800
+60% +$68.2K
EGRX
1591
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
$191K 0.01%
3,210
+1,300
+68% +$78.6K
AAP icon
1592
Advance Auto Parts
AAP
$3.36B
$189K 0.01%
1,910
-460
-19% -$46.4K
WSR
1593
DELISTED
Whitestone REIT
WSR
$189K 0.01%
+14,500
New +$185K
AES icon
1594
AES
AES
$10.5B
$188K 0.01%
17,060
-3,820
-18% -$42.6K
CPRI icon
1595
Capri Holdings
CPRI
$1.76B
$188K 0.01%
3,920
-1,520
-28% -$61.8K
AYI icon
1596
Acuity Brands
AYI
$10.8B
$187K 0.01%
1,090
-320
-23% -$59.6K
WRLD icon
1597
World Acceptance Corp
WRLD
$888M
$186K 0.01%
2,240
+830
+59% +$64K
XRX icon
1598
Xerox
XRX
$414M
$184K 0.01%
5,517
-1,210
-18% -$38.1K
DXPE icon
1599
DXP Enterprises
DXPE
$3.03B
$183K 0.01%
5,820
+2,180
+60% +$64.9K
CMTL icon
1600
Comtech Telecommunications
CMTL
$52.4M
$181K 0.01%
8,840
+3,270
+59% +$62.7K
62 63
64
65 66

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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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.