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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
TER icon
151
Teradyne
TER
$63B
$2.23M 0.12%
59,840
-16,960
-22% -$587K
YELL
152
DELISTED
Yellow Corporation Common Stock
YELL
$2.22M 0.12%
160,640
– –
USB icon
153
US Bancorp
USB
$101B
$2.2M 0.12%
41,050
-10,430
-20% -$546K
OGE icon
154
OGE Energy
OGE
$9.69B
$2.18M 0.12%
60,400
-16,690
-22% -$595K
ACN icon
155
Accenture
ACN
$110B
$2.16M 0.11%
15,960
-4,060
-20% -$529K
WST icon
156
West Pharmaceutical
WST
$24.8B
$2.15M 0.11%
22,380
-6,010
-21% -$544K
AFG icon
157
American Financial Group
AFG
$12B
$2.15M 0.11%
20,770
-7,650
-27% -$778K
ARW icon
158
Arrow Electronics
ARW
$10.7B
$2.15M 0.11%
26,690
-7,600
-22% -$600K
FDS icon
159
Factset
FDS
$9.89B
$2.14M 0.11%
11,860
-3,370
-22% -$550K
UPS icon
160
United Parcel Service
UPS
$88.4B
$2.14M 0.11%
17,790
-4,450
-20% -$506K
ABMD
161
DELISTED
Abiomed Inc
ABMD
$2.14M 0.11%
12,670
-3,060
-19% -$463K
APD icon
162
Air Products & Chemicals
APD
$67.7B
$2.13M 0.11%
14,120
-1,380
-9% -$202K
WR
163
DELISTED
Westar Energy Inc
WR
$2.13M 0.11%
42,960
-11,870
-22% -$603K
SBNY
164
DELISTED
Signature Bank
SBNY
$2.13M 0.11%
16,630
-4,090
-20% -$537K
SYK icon
165
Stryker
SYK
$133B
$2.12M 0.11%
14,960
-1,670
-10% -$239K
KRC icon
166
Kilroy Realty
KRC
$4.22B
$2.12M 0.11%
29,750
-8,190
-22% -$575K
AMAT icon
167
Applied Materials
AMAT
$435B
$2.11M 0.11%
40,550
-7,170
-15% -$324K
IPGP icon
168
IPG Photonics
IPGP
$3.71B
$2.11M 0.11%
11,400
-3,100
-21% -$515K
MKTX icon
169
MarketAxess Holdings
MKTX
$5.72B
$2.1M 0.11%
11,370
-3,140
-22% -$601K
GGG icon
170
Graco
GGG
$13.4B
$2.1M 0.11%
50,820
-13,140
-21% -$500K
D icon
171
Dominion Energy
D
$59.8B
$2.08M 0.11%
27,100
-3,620
-12% -$282K
CPRT icon
172
Copart
CPRT
$26.8B
$2.08M 0.11%
242,440
-74,080
-23% -$593K
TFC icon
173
Truist Financial
TFC
$64.3B
$2.08M 0.11%
44,280
-5,220
-11% -$240K
RPM icon
174
RPM International
RPM
$14.7B
$2.07M 0.11%
40,390
-11,170
-22% -$572K
LW icon
175
Lamb Weston
LW
$7.3B
$2.07M 0.11%
44,210
-9,350
-17% -$419K
5 6
7
8 9

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VAS
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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
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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.