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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
ABT icon
151
Abbott
ABT
$193B
$2.75M 0.14%
56,658
+1,120
+2% +$50.7K
SBUX icon
152
Starbucks
SBUX
$126B
$2.75M 0.14%
47,120
– –
LII icon
153
Lennox International
LII
$14.5B
$2.72M 0.14%
14,830
-3,120
-17% -$544K
ADP icon
154
Automatic Data Processing
ADP
$107B
$2.72M 0.14%
26,550
+12,020
+83% +$1.22M
CC icon
155
Chemours
CC
$2.27B
$2.7M 0.13%
71,200
-13,060
-15% -$515K
NOC icon
156
Northrop Grumman
NOC
$81.6B
$2.69M 0.13%
10,490
-290
-3% -$72.5K
ARW icon
157
Arrow Electronics
ARW
$10.7B
$2.69M 0.13%
34,290
-7,230
-17% -$540K
WST icon
158
West Pharmaceutical
WST
$24.6B
$2.68M 0.13%
28,390
-5,520
-16% -$508K
OGE icon
159
OGE Energy
OGE
$9.71B
$2.68M 0.13%
77,090
-15,460
-17% -$541K
USB icon
160
US Bancorp
USB
$101B
$2.67M 0.13%
51,480
– –
STE icon
161
Steris
STE
$22.9B
$2.67M 0.13%
32,780
-6,700
-17% -$509K
L icon
162
Loews
L
$23B
$2.67M 0.13%
57,010
+48,200
+547% +$2.26M
QCOM icon
163
Qualcomm
QCOM
$173B
$2.63M 0.13%
47,660
-37,480
-44% -$2.09M
AGN
164
DELISTED
Allergan plc
AGN
$2.63M 0.13%
10,821
-10,660
-50% -$2.5M
PNRA
165
DELISTED
Panera Bread Co
PNRA
$2.59M 0.13%
8,240
-1,880
-19% -$588K
WRB icon
166
W.R. Berkley
WRB
$25.9B
$2.59M 0.13%
126,360
-25,515
-17% -$516K
NKE icon
167
Nike
NKE
$60.6B
$2.55M 0.13%
43,290
– –
ODFL icon
168
Old Dominion Freight Line
ODFL
$44.9B
$2.55M 0.13%
80,190
-16,080
-17% -$473K
RTN
169
DELISTED
Raytheon Company
RTN
$2.54M 0.13%
15,720
-3,240
-17% -$514K
FDS icon
170
Factset
FDS
$9.82B
$2.53M 0.13%
15,230
-3,280
-18% -$536K
SWK icon
171
Stanley Black & Decker
SWK
$15.5B
$2.53M 0.13%
17,970
+4,180
+30% +$573K
SO icon
172
Southern Company
SO
$107B
$2.52M 0.13%
52,600
+860
+2% +$43.1K
CPRT icon
173
Copart
CPRT
$26.8B
$2.52M 0.13%
316,520
-61,560
-16% -$472K
BIVV
174
DELISTED
Bioverativ Inc. Common Stock
BIVV
$2.51M 0.13%
41,750
-8,660
-17% -$493K
NDSN icon
175
Nordson
NDSN
$17.2B
$2.51M 0.12%
20,690
-3,960
-16% -$484K
5 6
7
8 9

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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
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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.