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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
TOL icon
201
Toll Brothers
TOL
$13.9B
$1.91M 0.1%
46,010
-11,110
-19% -$437K
FLG
202
Flagstar Bank National Association
FLG
$5.9B
$1.91M 0.1%
49,307
-13,620
-22% -$514K
SNEX icon
203
StoneX
SNEX
$8.37B
$1.91M 0.1%
251,657
+11,593
+5% +$84.8K
CAT icon
204
Caterpillar
CAT
$393B
$1.9M 0.1%
15,270
-3,610
-19% -$416K
OHI icon
205
Omega Healthcare
OHI
$13.9B
$1.9M 0.1%
59,660
-16,310
-21% -$523K
JHG
206
DELISTED
Janus Henderson
JHG
$1.9M 0.1%
54,554
-15,070
-22% -$512K
NNN icon
207
NNN REIT
NNN
$8.79B
$1.88M 0.1%
45,140
-12,430
-22% -$508K
GM icon
208
General Motors
GM
$76.1B
$1.88M 0.1%
46,480
-11,590
-20% -$423K
RRTS
209
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
$1.87M 0.1%
7,863
+181
+2% +$33.3K
PYPL icon
210
PayPal
PYPL
$50.6B
$1.87M 0.1%
29,200
-7,010
-19% -$420K
OSK icon
211
Oshkosh
OSK
$9.61B
$1.87M 0.1%
22,630
-6,240
-22% -$458K
BIVV
212
DELISTED
Bioverativ Inc. Common Stock
BIVV
$1.87M 0.1%
32,710
-9,040
-22% -$529K
THO icon
213
Thor Industries
THO
$4.11B
$1.86M 0.1%
14,790
-3,680
-20% -$397K
OSUR icon
214
OraSure Technologies
OSUR
$259M
$1.86M 0.1%
82,580
+8,730
+12% +$176K
JBLU icon
215
JetBlue
JBLU
$2.18B
$1.84M 0.1%
99,480
-28,830
-22% -$604K
CCI icon
216
Crown Castle
CCI
$31.5B
$1.84M 0.1%
18,420
-1,140
-6% -$117K
PII icon
217
Polaris
PII
$3.9B
$1.84M 0.1%
17,600
-5,010
-22% -$475K
PACW
218
DELISTED
PacWest Bancorp
PACW
$1.83M 0.1%
36,310
-9,960
-22% -$466K
LPT
219
DELISTED
Liberty Property Trust
LPT
$1.83M 0.1%
44,560
-12,260
-22% -$512K
TYL icon
220
Tyler Technologies
TYL
$13B
$1.83M 0.1%
10,490
-2,540
-19% -$436K
DEI icon
221
Douglas Emmett
DEI
$1.95B
$1.83M 0.1%
46,310
-10,380
-18% -$398K
DCI icon
222
Donaldson
DCI
$11.2B
$1.82M 0.1%
39,650
-11,340
-22% -$525K
NSC icon
223
Norfolk Southern
NSC
$75.3B
$1.82M 0.1%
13,780
-1,970
-13% -$239K
ACC
224
DELISTED
American Campus Communities, Inc.
ACC
$1.82M 0.1%
41,260
-10,490
-20% -$496K
NDSN icon
225
Nordson
NDSN
$17.3B
$1.82M 0.1%
15,360
-5,330
-26% -$637K
7 8
9
10 11

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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.