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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
SYK icon
426
Stryker
SYK
$131B
$880K 0.06%
4,280
+80
+2% +$15.3K
PRDO icon
427
Perdoceo Education
PRDO
$1.99B
$879K 0.06%
46,090
+25,640
+125% +$473K
SWX icon
428
Southwest Gas
SWX
$6.69B
$879K 0.06%
9,810
+150
+2% +$12.7K
FHN icon
429
First Horizon
FHN
$12.3B
$878K 0.06%
58,840
-220
-0.4% -$3.18K
OGS icon
430
ONE Gas
OGS
$5.1B
$878K 0.06%
9,720
+140
+1% +$12.4K
AVA icon
431
Avista
AVA
$3.23B
$877K 0.06%
19,660
+410
+2% +$17.5K
HE icon
432
Hawaiian Electric Industries
HE
$2.05B
$877K 0.06%
20,140
+290
+1% +$12.2K
NATI
433
DELISTED
National Instruments Corp
NATI
$873K 0.06%
20,780
+260
+1% +$11.1K
MU icon
434
Micron Technology
MU
$1.07T
$871K 0.06%
22,590
+4,130
+22% +$157K
ATVI
435
DELISTED
Activision Blizzard
ATVI
$871K 0.06%
18,460
+8,130
+79% +$373K
JBGS
436
JBG SMITH
JBGS
$691M
$868K 0.06%
22,060
+1,880
+9% +$77.3K
WSR
437
DELISTED
Whitestone REIT
WSR
$868K 0.06%
68,380
+56,880
+495% +$713K
FLG
438
Flagstar Bank National Association
FLG
$5.93B
$862K 0.06%
28,800
+307
+1% +$9.91K
PACW
439
DELISTED
PacWest Bancorp
PACW
$862K 0.06%
22,200
– –
FR icon
440
First Industrial Realty Trust
FR
$8.4B
$860K 0.06%
23,410
+380
+2% +$13.5K
ONB icon
441
Old National Bancorp
ONB
$10.3B
$858K 0.06%
51,680
+7,530
+17% +$126K
MMS icon
442
Maximus
MMS
$2.93B
$856K 0.06%
11,800
+110
+0.9% +$7.98K
NYT icon
443
New York Times
NYT
$10.3B
$856K 0.06%
26,250
+510
+2% +$17K
KFY icon
444
Korn Ferry
KFY
$4.35B
$855K 0.06%
21,350
+4,740
+29% +$216K
AIN icon
445
Albany International
AIN
$1.82B
$852K 0.06%
10,270
+470
+5% +$35.2K
HSII
446
DELISTED
Heidrick & Struggles
HSII
$850K 0.06%
28,370
+22,810
+410% +$800K
XHR
447
Xenia Hotels & Resorts
XHR
$1.76B
$850K 0.06%
+40,790
New +$882K
VSAT icon
448
Viasat
VSAT
$11.5B
$849K 0.06%
10,510
+110
+1% +$9.62K
REGN icon
449
Regeneron Pharmaceuticals
REGN
$83.1B
$848K 0.06%
2,710
+1,660
+158% +$553K
ENSG icon
450
The Ensign Group
ENSG
$10.6B
$844K 0.06%
15,843
+278
+2% +$13.9K
16 17
18
19 20

Similar funds

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.