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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
(-7.5%)
Cap. Flow
-$238M
Cap. Flow
% of AUM
-12.51%
Top 10 Holdings %
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$3.72M |
| 2 |
Booking.com
BKNG
|
+$3.14M |
| 3 |
Globe Life
GL
|
+$2.41M |
| 4 |
Ecolab
ECL
|
+$2.14M |
| 5 |
Ametek
AME
|
+$1.92M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ABMD
Abiomed Inc
ABMD
|
+$4.33M |
| 2 |
MSCI
MSCI
|
+$4.04M |
| 3 |
Broadridge
BR
|
+$3.74M |
| 4 |
HF Sinclair
DINO
|
+$3.36M |
| 5 |
RTX Corp
RTX
|
+$3.11M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.06% |
| 2 | Technology | 13.61% |
| 3 | Industrials | 12.59% |
| 4 | Healthcare | 10.77% |
| 5 | Consumer Discretionary | 10.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1651
American Coastal Insurance
ACIC
$469M
| $113K | 0.01% |
5,780
-1,940
| -25% | -$38.4K |
|
1652
Community Health Systems
CYH
$415M
| $109K | 0.01% |
32,780
-10,250
| -24% | -$43.3K |
|
|
TBRG
1653
DELISTED
TruBridge
TBRG
| $106K | 0.01% |
3,220
-970
| -23% | -$30.5K |
|
1654
eHealth
EHTH
$40.7M
| $104K | 0.01% |
4,710
-1,580
| -25% | -$30.5K |
|
1655
Harmonic Inc
HLIT
$1.51B
| $102K | 0.01% |
24,020
-6,200
| -21% | -$24.3K |
|
1656
Digi International
DGII
$3.25B
| $101K | 0.01% |
7,650
-2,310
| -23% | -$27.6K |
|
1657
Motorcar Parts of America
MPAA
$237M
| $101K | 0.01% |
5,380
-4,490
| -45% | -$93.6K |
|
1658
Future Fuel
FF
$254M
| $100K | 0.01% |
7,150
-2,400
| -25% | -$30.9K |
|
1659
PDF Solutions
PDFS
$2.16B
| $93K | ﹤0.01% |
7,750
-2,770
| -26% | -$33.1K |
|
1660
HCI Group
HCI
$2.33B
| $89K | ﹤0.01% |
2,130
-5,720
| -73% | -$237K |
|
1661
Powell Industries
POWL
$7.58B
| $86K | ﹤0.01% |
7,380
-2,280
| -24% | -$25.1K |
|
|
DSPG
1662
DELISTED
DSP Group Inc
DSPG
| $80K | ﹤0.01% |
6,390
-1,930
| -23% | -$23.7K |
|
1663
Bristow Group
VTOL
$1.36B
| $75K | ﹤0.01% |
2,905
-805
| -22% | -$18.9K |
|
|
FRAN
1664
DELISTED
Francesca's Holdings Corporation
FRAN
| $74K | ﹤0.01% |
815
-332
| -29% | -$22.8K |
|
1665
News Corp Class B
NWS
$17.9B
| $68K | ﹤0.01% |
4,290
| – | – |
|
1666
Agilysys
AGYS
$3.12B
| $67K | ﹤0.01% |
4,320
-1,340
| -24% | -$17.7K |
|
1667
Barnes & Noble Education
BNED
$426M
| $60K | ﹤0.01% |
106
-39
| -27% | -$26.1K |
|
|
CRR
1668
DELISTED
Carbo Ceramics Inc.
CRR
| $57K | ﹤0.01% |
6,260
-1,680
| -21% | -$15.1K |
|
1669
Geospace Technologies
GEOS
$65.7M
| $54K | ﹤0.01% |
3,830
-1,210
| -24% | -$14K |
|
1670
Flotek Industries
FTK
$1.31B
| $52K | ﹤0.01% |
2,672
-925
| -26% | -$22.9K |
|
1671
Kopin
KOPN
$931M
| $50K | ﹤0.01% |
17,480
-5,370
| -24% | -$17.7K |
|
1672
Ingles Markets
IMKTA
$1.69B
| $48K | ﹤0.01% |
+1,500
| New | +$47.2K |
|
1673
Liquidity Services
LQDT
$1.35B
| $48K | ﹤0.01% |
7,330
-1,890
| -20% | -$11.5K |
|
|
VSI
1674
DELISTED
Vitamin Shoppe Inc.
VSI
| $47K | ﹤0.01% |
6,830
-2,110
| -24% | -$11.5K |
|
|
AIG.WS
1675
DELISTED
American International Group, Inc.
AIG.WS
| $39K | ﹤0.01% |
2,723
| – | – |
|
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Municipal Employees' Retirement System of Michigan's Q2 2018 Portfolio in Review
As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.
Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.
Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.
- Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
- Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
- Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
- Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
- Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.