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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
LCUT icon
1701
Lifetime Brands
LCUT
$219M
– –
-18,910
Closed -$380K
LFVN icon
1702
LifeVantage
LFVN
$82.1M
– –
-41,890
Closed -$225K
LOAN
1703
Manhattan Bridge Capital
LOAN
$47.2M
– –
-83,270
Closed -$491K
MARA icon
1704
Marathon Digital Holdings
MARA
$3.72B
– –
-8,369
Closed -$137K
MCFT icon
1705
MasterCraft Boat Holdings
MCFT
$600M
– –
-23,230
Closed -$376K
MG icon
1706
Mistras Group
MG
$556M
– –
-31,750
Closed -$679K
MGNI icon
1707
Magnite
MGNI
$3.49B
– –
-74,590
Closed -$439K
MGPI icon
1708
MGP Ingredients
MGPI
$381M
– –
-13,190
Closed -$715K
MPX
1709
DELISTED
Marine Products Corp
MPX
– –
-32,280
Closed -$351K
MSEX icon
1710
Middlesex Water
MSEX
$1.1B
– –
-8,170
Closed -$302K
OCFC icon
1711
OceanFirst Financial
OCFC
$1.85B
– –
-26,100
Closed -$735K
ORC
1712
Orchid Island Capital
ORC
$1.32B
– –
-9,552
Closed -$477K
RAIL icon
1713
FreightCar America
RAIL
$243M
– –
-38,830
Closed -$487K
RDI icon
1714
Reading International Class A
RDI
$32.7M
– –
-25,520
Closed -$397K
RM icon
1715
Regional Management Corp
RM
$297M
– –
-27,790
Closed -$540K
RY icon
1716
Royal Bank of Canada
RY
$297B
– –
-3,534
Closed -$258K
SANW
1717
DELISTED
S&W Seed Co
SANW
– –
-3,617
Closed -$340K
HTO
1718
H2O America
HTO
$2.62B
– –
-11,540
Closed -$556K
SLP icon
1719
Simulations Plus
SLP
$371M
– –
-137,940
Closed -$1.62M
SPNS
1720
DELISTED
Sapiens International
SPNS
– –
-29,960
Closed -$386K
SWBI icon
1721
Smith & Wesson
SWBI
$636M
– –
-24,966
Closed -$380K
TDW icon
1722
Tidewater
TDW
$4.56B
– –
-323
Closed -$12K
TSBK icon
1723
Timberland Bancorp
TSBK
$358M
– –
-29,500
Closed -$661K
UTL icon
1724
Unitil
UTL
$984M
– –
-13,990
Closed -$630K
VNCE icon
1725
Vince Holding Corp
VNCE
$77.6M
– –
-7,405
Closed -$115K
67 68
69
70 71

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 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.