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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
+3.33%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.43B
AUM Growth
-$70.2M
Cap. Flow
-$98.3M
Cap. Flow %
-6.86%
Top 10 Hldgs %
7.59%
Holding
1,762
New
80
Increased
1,069
Reduced
323
Closed
101

Top Buys

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$3.57M
2
AVGO icon
Broadcom
AVGO
+$3.12M
3
AXP icon
American Express
AXP
+$2.75M
4
NKE icon
Nike
NKE
+$2.66M
5
SPTN
SpartanNash
SPTN
+$2.13M

Top Sells

Rank Stock Value
1
PSXP
PHILLIPS 66 PARTNERS LP
PSXP
+$7.28M
2
TGE
Tallgrass Energy, LP Class A Shares
TGE
+$7.2M
3
ENLC
ENLINK MIDSTREAM, LLC
ENLC
+$7.14M
4
EPD icon
Enterprise Products Partners
EPD
+$7.13M
5
BPL
Buckeye Partners, L.P.
BPL
+$7.08M

Sector Composition

Rank Sector Weight
1 Financials 16.31%
2 Technology 14.61%
3 Industrials 14.44%
4 Healthcare 10.84%
5 Consumer Discretionary 10.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TITN icon
251
Titan Machinery
TITN
$425M
$1.19M 0.08%
57,620
– –
GLW icon
252
Corning
GLW
$142B
$1.18M 0.08%
35,610
+24,780
+229% +$795K
GNTX icon
253
Gentex
GNTX
$4.96B
$1.18M 0.08%
47,930
+150
+0.3% +$3.4K
ORI icon
254
Old Republic International
ORI
$10.3B
$1.18M 0.08%
52,620
+760
+1% +$16.7K
KSU
255
DELISTED
Kansas City Southern
KSU
$1.17M 0.08%
9,630
+1,250
+15% +$150K
RS icon
256
Reliance Steel & Aluminium
RS
$21.8B
$1.17M 0.08%
12,400
+130
+1% +$11.6K
RVTY icon
257
Revvity
RVTY
$13B
$1.17M 0.08%
12,150
+10,650
+710% +$992K
ACC
258
DELISTED
American Campus Communities, Inc.
ACC
$1.17M 0.08%
25,340
+360
+1% +$16.9K
KFRC icon
259
Kforce
KFRC
$1.04B
$1.17M 0.08%
33,310
+7,770
+30% +$279K
WWD icon
260
Woodward
WWD
$21.2B
$1.17M 0.08%
10,330
+190
+2% +$20.4K
VRTX icon
261
Vertex Pharmaceuticals
VRTX
$133B
$1.17M 0.08%
6,370
+530
+9% +$92.7K
ADUS icon
262
Addus HomeCare
ADUS
$2.21B
$1.17M 0.08%
15,570
+12,640
+431% +$873K
LYB icon
263
LyondellBasell Industries
LYB
$20.2B
$1.16M 0.08%
13,510
+1,350
+11% +$115K
BIO icon
264
Bio-Rad Laboratories Class A
BIO
$9.66B
$1.16M 0.08%
3,720
+50
+1% +$15K
STRA icon
265
Strategic Education
STRA
$1.83B
$1.16M 0.08%
6,508
+120
+2% +$19.7K
VFC icon
266
VF Corp
VFC
$5.73B
$1.16M 0.08%
13,250
+8,577
+184% +$739K
EHC icon
267
Encompass Health
EHC
$12.2B
$1.16M 0.08%
22,953
+289
+1% +$14K
CONE
268
DELISTED
CyrusOne Inc Common Stock
CONE
$1.16M 0.08%
20,020
+220
+1% +$12.9K
REGI
269
DELISTED
Renewable Energy Group, Inc.
REGI
$1.15M 0.08%
72,320
-17,410
-19% -$321K
MRCY icon
270
Mercury Systems
MRCY
$6.53B
$1.15M 0.08%
16,290
+2,040
+14% +$142K
JBTM
271
JBT Marel
JBTM
$6.01B
$1.14M 0.08%
9,430
+160
+2% +$17.2K
CDK
272
DELISTED
CDK Global, Inc.
CDK
$1.14M 0.08%
23,060
+250
+1% +$13.4K
MOG.A icon
273
Moog Inc Class A
MOG.A
$13.6B
$1.14M 0.08%
12,170
-270
-2% -$24.1K
UNF icon
274
Unifirst Corp
UNF
$5.23B
$1.14M 0.08%
6,040
+730
+14% +$118K
HAE icon
275
Haemonetics
HAE
$4.17B
$1.14M 0.08%
9,430
+10
+0.1% +$984
9 10
11
12 13

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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
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q2 2019 Portfolio in Review

As of Q2 2019, Municipal Employees' Retirement System of Michigan held 1,762 positions worth $1.43B, down 4.7% from $1.5B the previous quarter. Its ten largest holdings account for 7.6% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $98.3M in Q2 2019, closing 101 positions and reducing 323 holdings. Its most notable exit was PHILLIPS 66 PARTNERS LP, an estimated $7.28M position sold in full.

By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in PC Connection worth $1.5M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2019 buy was PC Connection: 43,010 shares worth $1.5M.
  • Municipal Employees' Retirement System of Michigan added most to PayPal in Q2 2019, an estimated $3.57M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $2.75M.
  • Municipal Employees' Retirement System of Michigan fully exited PHILLIPS 66 PARTNERS LP in Q2 2019, selling an estimated $7.28M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.6% of its $1.43B portfolio in Q2 2019.
  • Municipal Employees' Retirement System of Michigan opened 80 new positions and closed 101 in Q2 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 4.7% quarter-over-quarter to $1.43B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2019, filed 31 Jul 2019.