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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
AXON
276
Axon Enterprise
AXON
$48.6B
$1.13M 0.08%
17,600
+310
+2% +$20.2K
SABR icon
277
Sabre
SABR
$848M
$1.13M 0.08%
50,920
+730
+1% +$15.7K
FORM icon
278
FormFactor
FORM
$10.6B
$1.12M 0.08%
71,710
-8,300
-10% -$136K
LOW icon
279
Lowe's Companies
LOW
$121B
$1.12M 0.08%
11,100
-4,350
-28% -$459K
PWR icon
280
Quanta Services
PWR
$102B
$1.12M 0.08%
29,320
-3,360
-10% -$128K
ARW icon
281
Arrow Electronics
ARW
$10.8B
$1.12M 0.08%
15,700
+170
+1% +$12.5K
ROK icon
282
Rockwell Automation
ROK
$49.5B
$1.11M 0.08%
6,780
+5,150
+316% +$870K
ZION icon
283
Zions Bancorporation
ZION
$10.4B
$1.11M 0.08%
24,080
+4,700
+24% +$217K
FAF icon
284
First American
FAF
$7.44B
$1.11M 0.08%
20,610
+230
+1% +$12.5K
TG icon
285
Tredegar Corp
TG
$276M
$1.1M 0.08%
66,400
+58,970
+794% +$997K
LNC icon
286
Lincoln National
LNC
$8.53B
$1.1M 0.08%
17,110
+14,240
+496% +$910K
CIEN icon
287
Ciena
CIEN
$64.6B
$1.09M 0.08%
26,590
+280
+1% +$10.8K
ACM icon
288
Aecom
ACM
$7.8B
$1.09M 0.08%
28,860
+360
+1% +$12K
CFR icon
289
Cullen/Frost Bankers
CFR
$10.5B
$1.09M 0.08%
11,650
-10
-0.1% -$977
OFIX icon
290
Orthofix Medical
OFIX
$416M
$1.09M 0.08%
20,630
+15,080
+272% +$802K
BEN icon
291
Franklin Resources
BEN
$17.1B
$1.09M 0.08%
31,290
+4,820
+18% +$164K
CBSH icon
292
Commerce Bancshares
CBSH
$8.6B
$1.09M 0.08%
25,684
+225
+0.9% +$9.49K
OSK icon
293
Oshkosh
OSK
$9.36B
$1.08M 0.08%
12,950
+140
+1% +$11K
PRAH
294
DELISTED
PRA Health Sciences, Inc.
PRAH
$1.08M 0.08%
10,900
+110
+1% +$10.5K
FLR icon
295
Fluor
FLR
$6.9B
$1.08M 0.08%
31,980
+25,230
+374% +$845K
MAN icon
296
ManpowerGroup
MAN
$2.66B
$1.08M 0.08%
11,160
+120
+1% +$10.9K
MDLZ icon
297
Mondelez International
MDLZ
$80.7B
$1.08M 0.08%
20,000
+320
+2% +$16.6K
CABO icon
298
Cable One
CABO
$194M
$1.08M 0.08%
920
+20
+2% +$21.8K
WOLF icon
299
Wolfspeed
WOLF
$1.67B
$1.07M 0.07%
19,080
+200
+1% +$12.2K
UHS icon
300
Universal Health Services
UHS
$10B
$1.07M 0.07%
8,210
+7,060
+614% +$889K
10 11
12
13 14

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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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.