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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
BKE icon
1601
Buckle
BKE
$2.33B
$179K 0.01%
10,630
+3,980
+60% +$63.2K
PBCT
1602
DELISTED
People's United Financial Inc
PBCT
$179K 0.01%
9,880
– –
AIV
1603
Aimco
AIV
$379M
$178K 0.01%
30,478
-7,356
-19% -$43.9K
DGII icon
1604
Digi International
DGII
$3.23B
$176K 0.01%
16,570
+3,940
+31% +$37.9K
ESIO
1605
DELISTED
Electro Scientific Industries
ESIO
$174K 0.01%
12,480
+4,620
+59% +$50K
CATO icon
1606
Cato Corp
CATO
$65.7M
$173K 0.01%
13,100
+3,090
+31% +$46.3K
HAYN
1607
DELISTED
Haynes International, Inc.
HAYN
$168K 0.01%
4,690
+1,740
+59% +$56.1K
LOCO icon
1608
El Pollo Loco
LOCO
$463M
$167K 0.01%
13,760
+3,050
+28% +$37.5K
AUTO
1609
DELISTED
AutoWeb, Inc. Common Stock
AUTO
$165K 0.01%
23,890
– –
POWL icon
1610
Powell Industries
POWL
$7.58B
$164K 0.01%
16,410
+3,570
+28% +$36.3K
TTSH
1611
DELISTED
Tile Shop Holdings
TTSH
$164K 0.01%
12,880
+5,100
+66% +$79.7K
OPB
1612
DELISTED
Opus Bank Common Stock
OPB
$164K 0.01%
6,820
+2,530
+59% +$58.6K
LEG icon
1613
Leggett & Platt
LEG
$1.29B
$163K 0.01%
3,420
-860
-20% -$41.6K
BKMU
1614
DELISTED
Bank Mutual Corp
BKMU
$161K 0.01%
15,860
+5,870
+59% +$55.5K
LMOS
1615
DELISTED
Lumos Networks Corp
LMOS
$161K 0.01%
8,980
+3,320
+59% +$59.4K
DAKT icon
1616
Daktronics
DAKT
$997M
$159K 0.01%
15,050
+5,570
+59% +$54.1K
SRCL
1617
DELISTED
Stericycle Inc
SRCL
$158K 0.01%
2,200
-500
-19% -$36.8K
ASNA
1618
DELISTED
Ascena Retail Group, Inc.
ASNA
$156K 0.01%
3,182
+1,178
+59% +$51.1K
RGP icon
1619
Resources Connection
RGP
$144M
$155K 0.01%
11,130
+4,120
+59% +$53.8K
MAC icon
1620
Macerich
MAC
$6.99B
$154K 0.01%
2,810
-1,020
-27% -$57.2K
SRDX
1621
DELISTED
Surmodics
SRDX
$154K 0.01%
4,980
+1,850
+59% +$50.3K
FORR icon
1622
Forrester Research
FORR
$220M
$153K 0.01%
3,660
+1,370
+60% +$55.2K
NFX
1623
DELISTED
Newfield Exploration
NFX
$153K 0.01%
5,150
-1,200
-19% -$32.2K
SNCR
1624
DELISTED
Synchronoss Technologies
SNCR
$151K 0.01%
1,798
+676
+60% +$94.1K
BHF icon
1625
Brighthouse Financial
BHF
$3.44B
$150K 0.01%
+2,471
New +$141K
63 64
65
66 67

Similar funds

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
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.