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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
AAPL icon
1
Apple
AAPL
$4.45T
$23.6M 1.25%
611,680
-147,280
-19% -$5.71M
MSFT icon
2
Microsoft
MSFT
$3.74T
$18M 0.95%
241,120
-53,130
-18% -$3.88M
META icon
3
Meta Platforms (Facebook)
META
$1.53T
$13.8M 0.73%
80,850
-15,950
-16% -$2.66M
AMZN icon
4
Amazon
AMZN
$2.94T
$12.8M 0.68%
266,400
-53,000
-17% -$2.6M
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.11T
$12.2M 0.64%
66,370
-12,310
-16% -$2.18M
JNJ icon
6
Johnson & Johnson
JNJ
$626B
$11.9M 0.63%
91,560
-18,390
-17% -$2.44M
JPM icon
7
JPMorgan Chase
JPM
$962B
$11.8M 0.62%
123,090
-25,110
-17% -$2.32M
XOM icon
8
ExxonMobil
XOM
$657B
$11.7M 0.62%
142,780
-28,900
-17% -$2.29M
GOOGL icon
9
Alphabet (Google) Class A
GOOGL
$4.2T
$10.7M 0.57%
219,800
-40,400
-16% -$1.92M
BAC icon
10
Bank of America
BAC
$448B
$9.47M 0.5%
373,880
-73,530
-16% -$1.78M
WFC icon
11
Wells Fargo
WFC
$264B
$9.18M 0.49%
166,370
-31,450
-16% -$1.67M
T icon
12
AT&T
T
$168B
$8.89M 0.47%
300,661
-55,793
-16% -$1.58M
PG icon
13
Procter & Gamble
PG
$338B
$8.79M 0.47%
96,600
-17,640
-15% -$1.61M
CVX icon
14
Chevron
CVX
$386B
$8.73M 0.46%
74,280
-12,910
-15% -$1.41M
C icon
15
Citigroup
C
$228B
$8.52M 0.45%
117,130
-19,520
-14% -$1.33M
PFE icon
16
Pfizer
PFE
$152B
$8.41M 0.44%
248,228
-43,888
-15% -$1.41M
V icon
17
Visa
V
$677B
$8.24M 0.44%
78,320
-13,150
-14% -$1.33M
UNH icon
18
UnitedHealth
UNH
$365B
$8.15M 0.43%
41,620
-6,490
-13% -$1.25M
HD icon
19
Home Depot
HD
$353B
$8.03M 0.42%
49,070
-8,860
-15% -$1.36M
VZ icon
20
Verizon
VZ
$196B
$8.02M 0.42%
162,050
-27,820
-15% -$1.31M
GE icon
21
GE Aerospace
GE
$382B
$7.63M 0.4%
65,839
-12,893
-16% -$1.56M
BA icon
22
Boeing
BA
$184B
$7.58M 0.4%
29,810
-3,980
-12% -$928K
INTC icon
23
Intel
INTC
$493B
$7.56M 0.4%
198,610
-31,530
-14% -$1.12M
CMCSA icon
24
Comcast
CMCSA
$91B
$7.53M 0.4%
195,650
-32,290
-14% -$1.27M
ABBV icon
25
AbbVie
ABBV
$442B
$7.48M 0.4%
84,180
-11,260
-12% -$857K
1
2 3 4 5

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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
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
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 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.