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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
Cap. Flow
-$140M
Cap. Flow %
-6.96%
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
STC icon
Stewart Information Services
STC
+$3.43M
3
BA icon
Boeing
BA
+$2.82M
4
RAI
Reynolds American Inc
RAI
+$2.82M
5
CHTR icon
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
ARE icon
Alexandria Real Estate Equities
ARE
+$4.45M
4
ANSS
Ansys
ANSS
+$4.4M
5
ALGN icon
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
WRLD icon
1626
World Acceptance Corp
WRLD
$884M
$106K 0.01%
1,410
-19,490
-93% -$1.33M
OPB
1627
DELISTED
Opus Bank Common Stock
OPB
$104K 0.01%
4,290
-3,280
-43% -$72.3K
OSPN icon
1628
OneSpan
OSPN
$609M
$102K 0.01%
7,110
+410
+6% +$5.63K
LMOS
1629
DELISTED
Lumos Networks Corp
LMOS
$101K 0.01%
5,660
+330
+6% +$5.89K
HLIT icon
1630
Harmonic Inc
HLIT
$1.3B
$100K 0.01%
19,030
+1,010
+6% +$5.43K
IVC
1631
DELISTED
Invacare Corporation
IVC
$100K 0.01%
7,580
+310
+4% +$4.07K
CCRN
1632
DELISTED
Cross Country Healthcare
CCRN
$96K ﹤0.01%
7,470
– –
RGP icon
1633
Resources Connection
RGP
$144M
$96K ﹤0.01%
7,010
+280
+4% +$3.8K
CHUY
1634
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
$93K ﹤0.01%
3,970
-2,400
-38% -$66.2K
ICON
1635
DELISTED
Iconix Brand Group, Inc.
ICON
$93K ﹤0.01%
1,348
+69
+5% +$4.69K
LMAT icon
1636
LeMaitre Vascular
LMAT
$1.88B
$92K ﹤0.01%
2,940
-51,060
-95% -$1.47M
DAKT icon
1637
Daktronics
DAKT
$997M
$91K ﹤0.01%
9,480
-77,040
-89% -$727K
HCI icon
1638
HCI Group
HCI
$2.28B
$91K ﹤0.01%
1,930
– –
BKMU
1639
DELISTED
Bank Mutual Corp
BKMU
$91K ﹤0.01%
9,990
-70,120
-88% -$651K
AN icon
1640
AutoNation
AN
$6.9B
$90K ﹤0.01%
2,140
– –
FORR icon
1641
Forrester Research
FORR
$220M
$90K ﹤0.01%
2,290
-2,170
-49% -$85.8K
SRDX
1642
DELISTED
Surmodics
SRDX
$88K ﹤0.01%
3,130
-47,950
-94% -$1.16M
ASNA
1643
DELISTED
Ascena Retail Group, Inc.
ASNA
$86K ﹤0.01%
2,004
+83
+4% +$4.79K
PKE icon
1644
Park Aerospace
PKE
$828M
$83K ﹤0.01%
4,490
-4,860
-52% -$84.5K
TBRG
1645
DELISTED
TruBridge
TBRG
$83K ﹤0.01%
2,520
+150
+6% +$4.67K
FTD
1646
DELISTED
FTD Companies, Inc. Common Stock
FTD
$82K ﹤0.01%
4,080
+140
+4% +$2.7K
FF icon
1647
Future Fuel
FF
$257M
$80K ﹤0.01%
5,270
-38,190
-88% -$561K
CENT icon
1648
Central Garden & Pet Co
CENT
$2.79B
$77K ﹤0.01%
3,013
+138
+5% +$3.73K
FRED
1649
DELISTED
Fred's Inc
FRED
$77K ﹤0.01%
8,300
+390
+5% +$5.18K
TTI icon
1650
TETRA Technologies
TTI
$1.29B
$76K ﹤0.01%
27,400
+1,130
+4% +$3.76K
64 65
66
67 68

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VAS
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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 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.