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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
+6.63%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2B
AUM Growth
+$110M
Cap. Flow
+$18.9M
Cap. Flow %
0.95%
Top 10 Hldgs %
7.42%
Holding
1,751
New
70
Increased
489
Reduced
316
Closed
76

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$3.2M
2
ABT icon
Abbott
ABT
+$3.04M
3
GILD icon
Gilead Sciences
GILD
+$2.85M
4
NVDA icon
NVIDIA
NVDA
+$2.82M
5
AFAM
Almost Family Inc
AFAM
+$2.68M

Top Sells

Rank Stock Value
1
GS icon
Goldman Sachs
GS
+$2.97M
2
CHTR icon
Charter Communications
CHTR
+$2.82M
3
APH icon
Amphenol
APH
+$2.56M
4
KHC icon
Kraft Heinz
KHC
+$2.39M
5
AFL icon
Aflac
AFL
+$2.36M

Sector Composition

Rank Sector Weight
1 Financials 15.56%
2 Industrials 14.51%
3 Technology 13.54%
4 Healthcare 11.29%
5 Consumer Discretionary 10.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SP
1701
DELISTED
SP Plus Corporation
SP
– –
-34,110
Closed -$1.35M
VIA
1702
DELISTED
Via Renewables, Inc. Class A Common Stock
VIA
– –
-8,108
Closed -$608K
KBAL
1703
DELISTED
Kimball International
KBAL
– –
-34,320
Closed -$679K
MN
1704
DELISTED
MANNING & NAPIER, INC.
MN
– –
-216,480
Closed -$855K
AUTO
1705
DELISTED
AutoWeb, Inc. Common Stock
AUTO
– –
-23,890
Closed -$165K
IEC
1706
DELISTED
IEC Electronics Corp.
IEC
– –
-90,150
Closed -$444K
NWHM
1707
DELISTED
THE NEW HOME COMPANY INC.
NWHM
– –
-29,220
Closed -$326K
ALSK
1708
DELISTED
Alaska Communications Systems
ALSK
– –
-177,980
Closed -$404K
RLH
1709
DELISTED
Red Lions Hotel Corporation
RLH
– –
-50,400
Closed -$436K
GV
1710
DELISTED
Goldfield Corporation
GV
– –
-70,900
Closed -$447K
PFNX
1711
DELISTED
Pfenex Inc.
PFNX
– –
-230,970
Closed -$698K
ASFI
1712
DELISTED
Asta Funding Inc
ASFI
– –
-95,750
Closed -$723K
SMRT
1713
DELISTED
Stein Mart Inc
SMRT
– –
-442,720
Closed -$576K
OMN
1714
DELISTED
OMNOVA Solutions Inc.
OMN
– –
-102,640
Closed -$1.12M
MSL
1715
DELISTED
Midsouth Bancorp, Inc.
MSL
– –
-46,840
Closed -$564K
FRSH
1716
DELISTED
Papa Murphy's Holdings, Inc
FRSH
– –
-67,690
Closed -$403K
BHBK
1717
DELISTED
Blue Hills Bancorp, Inc.
BHBK
– –
-36,760
Closed -$706K
DDE
1718
DELISTED
Dover Downs Gaming & Entertain
DDE
– –
-239,790
Closed -$247K
ICON
1719
DELISTED
Iconix Brand Group, Inc.
ICON
– –
-2,141
Closed -$122K
DNB
1720
DELISTED
Dun & Bradstreet
DNB
– –
-11,180
Closed -$1.3M
GBNK
1721
DELISTED
Guaranty Bancorp
GBNK
– –
-26,320
Closed -$732K
CALL
1722
DELISTED
magicJack VocalTec Ltd
CALL
– –
-49,170
Closed -$352K
AVHI
1723
DELISTED
A V Homes, Inc.
AVHI
– –
-25,490
Closed -$437K
XCRA
1724
DELISTED
Xcerra Corporation
XCRA
– –
-53,050
Closed -$523K
TAX
1725
DELISTED
Liberty Tax, Inc. Class A
TAX
– –
-22,250
Closed -$320K
66 67 68
69
70

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SFM
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AI
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HI
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PEA
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Municipal Employees' Retirement System of Michigan's Q4 2017 Portfolio in Review

As of Q4 2017, Municipal Employees' Retirement System of Michigan held 1,751 positions worth $2B, up 5.8% from $1.89B the previous quarter. Its ten largest holdings account for 7.4% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q4 2017 filing shows 70 new, 489 increased, 316 reduced and 76 closed positions. Its largest new stake was Verso Corporation: 218,670 shares worth $3.84M. The largest sale was Goldman Sachs, an estimated $2.97M.

By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Industrials and Technology.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2017 buy was Verso Corporation: 218,670 shares worth $3.84M.
  • Municipal Employees' Retirement System of Michigan added most to Broadcom in Q4 2017, an estimated $3.2M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2017 reduction was Goldman Sachs, cutting an estimated $2.97M.
  • Municipal Employees' Retirement System of Michigan fully exited Yellow Corporation Common Stock in Q4 2017, selling an estimated $2.22M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.4% of its $2B portfolio in Q4 2017.
  • Municipal Employees' Retirement System of Michigan opened 70 new positions and closed 76 in Q4 2017.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 5.8% quarter-over-quarter to $2B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2017, filed 15 Feb 2018.