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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CFR icon
276
Cullen/Frost Bankers
CFR
$10.5B
$1.47M 0.08%
13,610
-4,400
-24% -$497K
DCT
277
DELISTED
DCT Industrial Trust Inc.
DCT
$1.47M 0.08%
22,070
-7,040
-24% -$442K
RTN
278
DELISTED
Raytheon Company
RTN
$1.47M 0.08%
7,610
+110
+1% +$23.1K
SNV
279
DELISTED
Synovus
SNV
$1.47M 0.08%
27,800
-8,950
-24% -$476K
CACI icon
280
CACI
CACI
$14.8B
$1.47M 0.08%
8,710
-3,180
-27% -$513K
WTRG icon
281
Essential Utilities
WTRG
$11.5B
$1.47M 0.08%
41,690
-13,540
-25% -$464K
AEL
282
DELISTED
American Equity Investment Life Holding Company
AEL
$1.47M 0.08%
40,760
+4,860
+14% +$157K
DGX icon
283
Quest Diagnostics
DGX
$26.3B
$1.46M 0.08%
13,290
-2,000
-13% -$208K
SABR icon
284
Sabre
SABR
$843M
$1.46M 0.08%
59,240
-10,750
-15% -$249K
TTI icon
285
TETRA Technologies
TTI
$1.28B
$1.46M 0.08%
327,840
-10,380
-3% -$42.9K
EV
286
DELISTED
Eaton Vance Corp.
EV
$1.46M 0.08%
27,930
-9,380
-25% -$517K
AMAT icon
287
Applied Materials
AMAT
$439B
$1.46M 0.08%
31,530
-3,390
-10% -$175K
PPL
288
PPL Corp
PPL
$26.8B
$1.46M 0.08%
50,950
+33,300
+189% +$922K
EQIX icon
289
Equinix
EQIX
$106B
$1.45M 0.08%
3,376
+1,300
+63% +$525K
PACW
290
DELISTED
PacWest Bancorp
PACW
$1.45M 0.08%
29,330
-9,840
-25% -$514K
OHI icon
291
Omega Healthcare
OHI
$14B
$1.44M 0.08%
46,540
-15,160
-25% -$433K
NVT icon
292
nVent Electric
NVT
$27.4B
$1.44M 0.08%
+57,370
New +$1.49M
X
293
DELISTED
US Steel
X
$1.44M 0.08%
41,430
-13,220
-24% -$473K
SYK icon
294
Stryker
SYK
$132B
$1.44M 0.08%
8,520
-6,570
-44% -$1.1M
POOL icon
295
Pool Corp
POOL
$7.3B
$1.44M 0.08%
9,480
-2,990
-24% -$439K
ISRG icon
296
Intuitive Surgical
ISRG
$141B
$1.44M 0.08%
9,000
+180
+2% +$27.4K
PFG icon
297
Principal Financial Group
PFG
$24.5B
$1.43M 0.08%
26,970
+20,030
+289% +$1.16M
RGLD icon
298
Royal Gold
RGLD
$19.3B
$1.42M 0.07%
15,340
-5,000
-25% -$447K
CBSH icon
299
Commerce Bancshares
CBSH
$8.62B
$1.42M 0.07%
32,485
-10,623
-25% -$462K
MTB icon
300
M&T Bank
MTB
$36.9B
$1.42M 0.07%
8,360
+4,440
+113% +$796K
10 11
12
13 14

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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 Q2 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.