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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
ELV icon
176
Elevance Health
ELV
$87.3B
$2.07M 0.11%
10,900
-1,720
-14% -$327K
GLW icon
177
Corning
GLW
$144B
$2.07M 0.11%
69,050
-7,120
-9% -$211K
LII icon
178
Lennox International
LII
$14.5B
$2.06M 0.11%
11,480
-3,350
-23% -$576K
ACET
179
DELISTED
Aceto Corp
ACET
$2.06M 0.11%
182,960
+77,360
+73% +$1.07M
MKSI icon
180
MKS Inc
MKSI
$21.4B
$2.04M 0.11%
21,630
+7,640
+55% +$625K
TTC icon
181
Toro Company
TTC
$9.3B
$2.03M 0.11%
32,640
-8,890
-21% -$596K
NFLX icon
182
Netflix
NFLX
$321B
$2.02M 0.11%
111,500
-27,000
-19% -$471K
LMT icon
183
Lockheed Martin
LMT
$139B
$2.01M 0.11%
6,470
-1,660
-20% -$495K
SBUX icon
184
Starbucks
SBUX
$125B
$2M 0.11%
37,300
-9,820
-21% -$544K
ENVA icon
185
Enova International
ENVA
$6.53B
$2M 0.11%
148,570
+7,140
+5% +$97.1K
PCG icon
186
PG&E
PCG
$39B
$1.98M 0.1%
29,100
-3,070
-10% -$210K
QCOM icon
187
Qualcomm
QCOM
$174B
$1.98M 0.1%
38,170
-9,490
-20% -$502K
GXP
188
DELISTED
Great Plains Energy Incorporated
GXP
$1.98M 0.1%
65,230
-17,990
-22% -$551K
MON
189
DELISTED
Monsanto Co
MON
$1.97M 0.1%
16,460
-2,780
-14% -$327K
PTC icon
190
PTC
PTC
$16B
$1.97M 0.1%
34,970
-9,620
-22% -$533K
TT icon
191
Trane Technologies
TT
$106B
$1.97M 0.1%
22,050
-1,750
-7% -$155K
WAB icon
192
Wabtec
WAB
$49.7B
$1.96M 0.1%
25,840
-7,500
-22% -$577K
TMO icon
193
Thermo Fisher Scientific
TMO
$223B
$1.96M 0.1%
10,340
-2,410
-19% -$436K
SCI icon
194
Service Corp International
SCI
$11.5B
$1.95M 0.1%
56,630
-15,940
-22% -$553K
TEL icon
195
TE Connectivity
TEL
$62.3B
$1.95M 0.1%
23,430
-2,260
-9% -$182K
PRU icon
196
Prudential Financial
PRU
$42.8B
$1.94M 0.1%
18,230
-2,890
-14% -$309K
WRB icon
197
W.R. Berkley
WRB
$26B
$1.93M 0.1%
97,808
-28,552
-23% -$572K
DINO icon
198
HF Sinclair
DINO
$15.9B
$1.93M 0.1%
53,620
-14,840
-22% -$446K
HUBB icon
199
Hubbell
HUBB
$26.9B
$1.92M 0.1%
16,540
-3,090
-16% -$354K
CSL icon
200
Carlisle Companies
CSL
$14.9B
$1.92M 0.1%
19,110
-5,830
-23% -$565K
6 7
8
9 10

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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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.