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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
SWI
1676
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$26K ﹤0.01%
440
– –
BBOX
1677
DELISTED
Black Box Corp
BBOX
$18K ﹤0.01%
5,620
+2,240
+66% +$12K
NEP
1678
DELISTED
CHINA NORTH EAST PETROLEUM HLDGS LTD
NEP
$5K ﹤0.01%
30,200
– –
ADPT
1679
DELISTED
Adeptus Health Inc
ADPT
$4K ﹤0.01%
3,380
– –
LLEN
1680
DELISTED
L & L ENERGY INC COM STK (NV)
LLEN
$1K ﹤0.01%
+48,200
New +$1K
CM icon
1681
Canadian Imperial Bank of Commerce
CM
$110B
– –
-25,816
Closed -$1.05M
NGL icon
1682
NGL Energy Partners
NGL
$2.12B
– –
-245,350
Closed -$3.44M
NOG icon
1683
Northern Oil and Gas
NOG
$2.57B
– –
-1,008
Closed -$14K
AABA
1684
DELISTED
Altaba Inc
AABA
– –
-28,200
Closed -$1.54M
IXYS
1685
DELISTED
IXYS Corp
IXYS
– –
-34,990
Closed -$576K
CAB
1686
DELISTED
Cabela's Inc
CAB
– –
-19,950
Closed -$1.19M
WBMD
1687
DELISTED
WebMD Health Corp.
WBMD
– –
-14,560
Closed -$854K
WMAR
1688
DELISTED
West Marine Inc
WMAR
– –
-41,060
Closed -$528K
CDI
1689
DELISTED
CDI Corp.
CDI
– –
-3,100
Closed -$18K
DD
1690
DELISTED
Du Pont De Nemours E I
DD
– –
-27,990
Closed -$2.26M
AMRI
1691
DELISTED
Albany Molecular Research Inc
AMRI
– –
-5,260
Closed -$114K
WFM
1692
DELISTED
Whole Foods Market Inc
WFM
– –
-10,160
Closed -$428K
CCP
1693
DELISTED
Care Capital Properties, Inc.
CCP
– –
-32,440
Closed -$866K
NSR
1694
DELISTED
Neustar Inc
NSR
– –
-21,530
Closed -$718K
RAI
1695
DELISTED
Reynolds American Inc
RAI
– –
-69,826
Closed -$4.54M
PNRA
1696
DELISTED
Panera Bread Co
PNRA
– –
-8,240
Closed -$2.59M
KATE
1697
DELISTED
Kate Spade & Company
KATE
– –
-49,520
Closed -$916K
BHI
1698
DELISTED
Baker Hughes
BHI
– –
-13,690
Closed -$746K
OKS
1699
DELISTED
Oneok Partners LP
OKS
– –
-59,310
Closed -$3.03M
SPLS
1700
DELISTED
Staples Inc
SPLS
– –
-20,910
Closed -$211K
65 66 67
68
69

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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
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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.