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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
AAPL icon
1
Apple
AAPL
$4.48T
$27.3M 1.36%
758,960
-17,720
-2% -$655K
MSFT icon
2
Microsoft
MSFT
$3.73T
$20.3M 1.01%
294,250
-70
-0% -$4.8K
AMZN icon
3
Amazon
AMZN
$2.94T
$15.5M 0.77%
319,400
+4,400
+1% +$210K
META icon
4
Meta Platforms (Facebook)
META
$1.54T
$14.6M 0.73%
96,800
+1,650
+2% +$245K
JNJ icon
5
Johnson & Johnson
JNJ
$624B
$14.5M 0.72%
109,950
+1,020
+0.9% +$130K
XOM icon
6
ExxonMobil
XOM
$660B
$13.9M 0.69%
171,680
+9,020
+6% +$738K
JPM icon
7
JPMorgan Chase
JPM
$959B
$13.5M 0.67%
148,200
-5,100
-3% -$440K
BRK.B icon
8
Berkshire Hathaway Class B
BRK.B
$1.11T
$13.3M 0.66%
78,680
-140
-0.2% -$23.3K
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.28T
$12.1M 0.6%
260,200
+7,000
+3% +$327K
WFC icon
10
Wells Fargo
WFC
$265B
$11M 0.55%
197,820
-5,570
-3% -$298K
BAC icon
11
Bank of America
BAC
$447B
$10.9M 0.54%
447,410
-38,200
-8% -$891K
GE icon
12
GE Aerospace
GE
$381B
$10.2M 0.51%
78,732
+1,458
+2% +$200K
T icon
13
AT&T
T
$167B
$10.2M 0.51%
356,454
+11,903
+3% +$351K
PG icon
14
Procter & Gamble
PG
$337B
$9.96M 0.5%
114,240
-690
-0.6% -$60.8K
PFE icon
15
Pfizer
PFE
$152B
$9.31M 0.46%
292,116
+7,241
+3% +$228K
C icon
16
Citigroup
C
$228B
$9.14M 0.45%
136,650
-7,770
-5% -$477K
CVX icon
17
Chevron
CVX
$386B
$9.1M 0.45%
87,190
+1,600
+2% +$170K
UNH icon
18
UnitedHealth
UNH
$368B
$8.92M 0.44%
48,110
-2,494
-5% -$437K
HD icon
19
Home Depot
HD
$356B
$8.89M 0.44%
57,930
-850
-1% -$130K
CMCSA icon
20
Comcast
CMCSA
$90.7B
$8.87M 0.44%
227,940
-2,090
-0.9% -$82.4K
GOOG icon
21
Alphabet (Google) Class C
GOOG
$4.27T
$8.85M 0.44%
194,860
+3,400
+2% +$156K
PM icon
22
Philip Morris
PM
$291B
$8.81M 0.44%
75,050
-870
-1% -$101K
V icon
23
Visa
V
$679B
$8.58M 0.43%
91,470
+740
+0.8% +$68.7K
MRK icon
24
Merck
MRK
$321B
$8.53M 0.42%
139,457
+4,013
+3% +$244K
KO icon
25
Coca-Cola
KO
$374B
$8.52M 0.42%
189,940
+4,680
+3% +$207K
1
2 3 4 5

Similar funds

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
Axiom Investors Greenwich, Connecticut $8.99B AUM 44.68% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
LCAM
London & Capital Asset Management London, United Kingdom $9.18B AUM 25.04% 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
HKAM
Horizon Kinetics Asset Management New York $9.23B AUM 27.52% 1-Year Est. Return

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.