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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
MOD icon
401
Modine Manufacturing
MOD
$10.8B
$918K 0.06%
64,160
+6,290
+11% +$90K
WTS icon
402
Watts Water Technologies
WTS
$12.8B
$918K 0.06%
9,850
+120
+1% +$10.2K
EV
403
DELISTED
Eaton Vance Corp.
EV
$918K 0.06%
21,290
+50
+0.2% +$2.04K
FBP icon
404
First Bancorp
FBP
$4.5B
$917K 0.06%
83,100
+19,420
+30% +$209K
FSLR icon
405
First Solar
FSLR
$24.1B
$917K 0.06%
13,960
+200
+1% +$12K
UCB
406
United Community Banks
UCB
$4.42B
$916K 0.06%
32,090
+8,870
+38% +$242K
EME icon
407
Emcor
EME
$36.6B
$912K 0.06%
10,350
+110
+1% +$8.92K
AVT icon
408
Avnet
AVT
$7.87B
$908K 0.06%
20,050
+220
+1% +$9.83K
TOL icon
409
Toll Brothers
TOL
$13.9B
$908K 0.06%
24,800
+80
+0.3% +$2.99K
TJX icon
410
TJX Companies
TJX
$170B
$906K 0.06%
17,140
-16,910
-50% -$899K
VIAV icon
411
Viavi Solutions
VIAV
$10.5B
$906K 0.06%
68,200
+1,240
+2% +$16K
EVR icon
412
Evercore
EVR
$12B
$904K 0.06%
10,210
+470
+5% +$41.8K
EXPO icon
413
Exponent
EXPO
$3.25B
$902K 0.06%
15,400
+150
+1% +$8.54K
KBAL
414
DELISTED
Kimball International
KBAL
$899K 0.06%
+51,590
New +$816K
CELG
415
DELISTED
Celgene Corp
CELG
$899K 0.06%
9,730
+260
+3% +$24.7K
BWA icon
416
BorgWarner
BWA
$13.8B
$898K 0.06%
24,299
+91
+0.4% +$3.23K
KLAC icon
417
KLA
KLAC
$274B
$890K 0.06%
75,300
+500
+0.7% +$5.78K
DUK icon
418
Duke Energy
DUK
$97B
$889K 0.06%
10,070
+420
+4% +$37.1K
IOSP icon
419
Innospec
IOSP
$2.31B
$885K 0.06%
9,700
+1,200
+14% +$101K
UAL icon
420
United Airlines
UAL
$41B
$883K 0.06%
10,080
+7,000
+227% +$592K
ANIK icon
421
Anika Therapeutics
ANIK
$285M
$882K 0.06%
21,710
+8,300
+62% +$303K
CBZ icon
422
CBIZ
CBZ
$2.97B
$882K 0.06%
45,020
+9,030
+25% +$181K
HI
423
DELISTED
Hillenbrand
HI
$882K 0.06%
22,300
+3,920
+21% +$157K
QLYS icon
424
Qualys
QLYS
$6.77B
$882K 0.06%
10,130
+200
+2% +$17.3K
WWW icon
425
Wolverine World Wide
WWW
$1.62B
$881K 0.06%
31,980
+5,080
+19% +$162K
15 16
17
18 19

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.