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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
STT icon
301
State Street
STT
$52.2B
$1.07M 0.07%
19,090
+2,780
+17% +$173K
CFG icon
302
Citizens Financial Group
CFG
$31.2B
$1.07M 0.07%
30,170
-1,530
-5% -$53.3K
J icon
303
Jacobs Solutions
J
$16.8B
$1.07M 0.07%
15,281
+13,335
+685% +$861K
RGEN icon
304
Repligen
RGEN
$9.39B
$1.07M 0.07%
12,420
+980
+9% +$66.8K
CHE icon
305
Chemed
CHE
$7.09B
$1.06M 0.07%
2,950
+30
+1% +$10K
CDNS icon
306
Cadence Design Systems
CDNS
$89.7B
$1.06M 0.07%
15,010
-6,050
-29% -$404K
STRL icon
307
Sterling Infrastructure
STRL
$17B
$1.06M 0.07%
78,930
+15,940
+25% +$205K
ITT icon
308
ITT
ITT
$19.3B
$1.06M 0.07%
16,160
+190
+1% +$11.6K
TSCO icon
309
Tractor Supply
TSCO
$18.6B
$1.06M 0.07%
48,600
+40,400
+493% +$835K
CASY icon
310
Casey's General Stores
CASY
$31.4B
$1.06M 0.07%
6,770
+100
+1% +$13.6K
BLD
311
DELISTED
TopBuild
BLD
$1.05M 0.07%
12,700
-1,820
-13% -$139K
MXIM
312
DELISTED
Maxim Integrated Products
MXIM
$1.05M 0.07%
17,570
+13,820
+369% +$788K
OMCL icon
313
Omnicell
OMCL
$1.7B
$1.05M 0.07%
12,200
+210
+2% +$17.1K
JBLU icon
314
JetBlue
JBLU
$2.2B
$1.05M 0.07%
56,670
+1,110
+2% +$19.9K
KE
315
Kimball Electronics
KE
$588M
$1.05M 0.07%
64,480
+7,070
+12% +$110K
LHCG
316
DELISTED
LHC Group LLC
LHCG
$1.04M 0.07%
8,737
+180
+2% +$20.3K
MDSO
317
DELISTED
Medidata Solutions, Inc.
MDSO
$1.04M 0.07%
11,510
+120
+1% +$10.5K
ETFC
318
DELISTED
E*Trade Financial Corporation
ETFC
$1.04M 0.07%
23,340
+19,920
+582% +$952K
GWR
319
DELISTED
Genesee & Wyoming Inc.
GWR
$1.04M 0.07%
10,410
+110
+1% +$10K
VSM
320
DELISTED
Versum Materials, Inc.
VSM
$1.04M 0.07%
20,170
+290
+1% +$15K
HMSY
321
DELISTED
HMS Holdings Corp.
HMSY
$1.04M 0.07%
32,080
+7,010
+28% +$214K
AXE
322
DELISTED
Anixter International Inc
AXE
$1.04M 0.07%
17,370
-970
-5% -$57.1K
MAS icon
323
Masco
MAS
$14.8B
$1.04M 0.07%
26,400
-10,470
-28% -$404K
EPR icon
324
EPR Properties
EPR
$4.76B
$1.03M 0.07%
13,850
+150
+1% +$11.7K
CCL icon
325
Carnival Corporation Ltd
CCL
$38.7B
$1.03M 0.07%
22,190
+1,700
+8% +$89K
11 12
13
14 15

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VAS
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SFM
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AI
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HI
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PEA
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SUT
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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.