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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
BRX icon
351
Brixmor Property Group
BRX
$9.19B
$987K 0.07%
55,210
+550
+1% +$9.88K
XPO icon
352
XPO
XPO
$25.1B
$986K 0.07%
49,298
-8,443
-15% -$172K
DD icon
353
DuPont de Nemours
DD
$19.4B
$982K 0.07%
10,418
-23,049
-69% -$2.75M
LEG icon
354
Leggett & Platt
LEG
$1.32B
$982K 0.07%
25,590
-1,630
-6% -$64.3K
CMA
355
DELISTED
Comerica
CMA
$980K 0.07%
13,490
-1,790
-12% -$133K
DAR icon
356
Darling Ingredients
DAR
$10.2B
$980K 0.07%
49,250
-14,020
-22% -$288K
RGP icon
357
Resources Connection
RGP
$146M
$980K 0.07%
61,190
+1,700
+3% +$27.1K
CVS icon
358
CVS Health
CVS
$121B
$979K 0.07%
17,963
-6,694
-27% -$360K
MMSI icon
359
Merit Medical Systems
MMSI
$5.42B
$978K 0.07%
16,420
+280
+2% +$16.1K
PKG icon
360
Packaging Corp of America
PKG
$22.9B
$972K 0.07%
10,200
-1,630
-14% -$157K
KMPR icon
361
Kemper
KMPR
$1.58B
$971K 0.07%
11,250
+150
+1% +$12.8K
WSO icon
362
Watsco Inc
WSO
$12.9B
$971K 0.07%
5,940
+80
+1% +$12.6K
IFF icon
363
International Flavors & Fragrances
IFF
$21.5B
$970K 0.07%
6,680
+5,320
+391% +$739K
NEOG icon
364
Neogen
NEOG
$2.54B
$968K 0.07%
31,160
+540
+2% +$15.9K
PLAB icon
365
Photronics
PLAB
$1.98B
$968K 0.07%
118,050
+16,720
+17% +$149K
PII icon
366
Polaris
PII
$3.9B
$966K 0.07%
10,590
– –
AJRD
367
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$966K 0.07%
21,570
+450
+2% +$16.8K
BCPC
368
Balchem Corp
BCPC
$5.66B
$965K 0.07%
9,650
+160
+2% +$15.5K
AMAT icon
369
Applied Materials
AMAT
$440B
$964K 0.07%
21,470
-2,670
-11% -$112K
CME icon
370
CME Group
CME
$95.4B
$963K 0.07%
4,960
+120
+2% +$22.1K
WSM icon
371
Williams-Sonoma
WSM
$28.7B
$963K 0.07%
29,640
+420
+1% +$12K
LECO icon
372
Lincoln Electric
LECO
$15.4B
$962K 0.07%
11,690
+120
+1% +$9.98K
THG icon
373
Hanover Insurance
THG
$7.74B
$962K 0.07%
7,500
+80
+1% +$9.72K
CTS icon
374
CTS Corp
CTS
$1.79B
$956K 0.07%
34,660
+24,960
+257% +$719K
OPY icon
375
Oppenheimer Holdings
OPY
$1.23B
$955K 0.07%
35,070
-24,100
-41% -$627K
13 14
15
16 17

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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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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.