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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
ROG icon
376
Rogers Corp
ROG
$2.47B
$953K 0.07%
5,520
+100
+2% +$16.3K
CCMP
377
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$953K 0.07%
8,660
-750
-8% -$84.8K
WAT icon
378
Waters Corp
WAT
$40.8B
$950K 0.07%
4,410
-1,770
-29% -$387K
CHTR icon
379
Charter Communications
CHTR
$18.6B
$948K 0.07%
2,400
+10
+0.4% +$3.75K
DECK icon
380
Deckers Outdoor
DECK
$12.7B
$948K 0.07%
32,340
+480
+2% +$12.5K
B
381
DELISTED
Barnes Group Inc.
B
$946K 0.07%
16,790
+2,950
+21% +$161K
PRI icon
382
Primerica
PRI
$9.63B
$944K 0.07%
7,870
+40
+0.5% +$4.95K
CACI icon
383
CACI
CACI
$14.9B
$941K 0.07%
4,600
-1,570
-25% -$310K
BDX icon
384
Becton Dickinson
BDX
$49.7B
$940K 0.07%
3,824
+102
+3% +$23.7K
PDCE
385
DELISTED
PDC Energy, Inc.
PDCE
$939K 0.07%
26,020
+6,650
+34% +$251K
INTU icon
386
Intuit
INTU
$96.6B
$938K 0.07%
3,590
-4,520
-56% -$1.15M
IP icon
387
International Paper
IP
$21.8B
$938K 0.07%
22,873
-4,900
-18% -$207K
FOXF icon
388
Fox Factory Holding Corp
FOXF
$891M
$937K 0.07%
11,360
+220
+2% +$16.3K
SKYW icon
389
Skywest
SKYW
$4.21B
$937K 0.07%
15,450
-5,990
-28% -$355K
IDA icon
390
Idacorp
IDA
$8.14B
$936K 0.07%
9,320
+130
+1% +$13.1K
PRLB icon
391
Protolabs
PRLB
$2.21B
$936K 0.07%
8,070
+140
+2% +$15.1K
CB icon
392
Chubb
CB
$133B
$935K 0.07%
6,346
-11,450
-64% -$1.65M
MDU icon
393
MDU Resources
MDU
$4.29B
$935K 0.07%
95,333
+1,367
+1% +$13.3K
SJI
394
DELISTED
South Jersey Industries, Inc.
SJI
$931K 0.07%
27,610
+560
+2% +$18.1K
AES icon
395
AES
AES
$10.5B
$928K 0.06%
55,360
+46,460
+522% +$787K
EZPW icon
396
Ezcorp Inc
EZPW
$1.79B
$927K 0.06%
97,820
-100,230
-51% -$976K
ASH icon
397
Ashland
ASH
$3.38B
$926K 0.06%
11,580
+190
+2% +$14.7K
AGCO icon
398
AGCO
AGCO
$6.98B
$922K 0.06%
11,880
+130
+1% +$9.27K
IRM icon
399
Iron Mountain
IRM
$37.6B
$922K 0.06%
29,450
+25,600
+665% +$839K
PARA
400
DELISTED
Paramount Global Class B
PARA
$920K 0.06%
18,430
+5,690
+45% +$282K
14 15
16
17 18

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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.