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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
MNRO icon
451
Monro
MNRO
$352M
$844K 0.06%
9,900
+170
+2% +$14.2K
NSP icon
452
Insperity
NSP
$2.05B
$842K 0.06%
6,890
+80
+1% +$9.64K
NFG icon
453
National Fuel Gas
NFG
$7.75B
$841K 0.06%
15,950
+280
+2% +$15.9K
WPX
454
DELISTED
WPX Energy, Inc.
WPX
$841K 0.06%
73,070
+1,050
+1% +$13.1K
CSX icon
455
CSX Corp
CSX
$92.9B
$840K 0.06%
32,580
– –
NRG icon
456
NRG Energy
NRG
$25.2B
$839K 0.06%
23,880
+19,980
+512% +$753K
COR icon
457
Cencora
COR
$59.2B
$838K 0.06%
9,830
+7,720
+366% +$610K
VIVO
458
DELISTED
Meridian Bioscience Inc
VIVO
$837K 0.06%
70,510
-1,070
-1% -$12.9K
STL
459
DELISTED
Sterling Bancorp
STL
$837K 0.06%
39,330
+430
+1% +$8.82K
AOS icon
460
A.O. Smith
AOS
$8.49B
$835K 0.06%
17,710
-11,400
-39% -$559K
MANH icon
461
Manhattan Associates
MANH
$11.7B
$833K 0.06%
12,020
+100
+0.8% +$6.44K
WING icon
462
Wingstop
WING
$3.1B
$831K 0.06%
8,770
+180
+2% +$14.7K
BIIB icon
463
Biogen
BIIB
$31.1B
$830K 0.06%
3,550
– –
OLLI icon
464
Ollie's Bargain Outlet
OLLI
$4.7B
$830K 0.06%
9,530
+130
+1% +$12.3K
TFIN icon
465
Triumph Financial Inc
TFIN
$1.87B
$830K 0.06%
28,570
+21,350
+296% +$637K
CI icon
466
Cigna
CI
$73.5B
$829K 0.06%
5,264
-2,550
-33% -$400K
SEDG icon
467
SolarEdge
SEDG
$1.98B
$829K 0.06%
13,280
-2,790
-17% -$141K
AWR icon
468
American States Water
AWR
$3.52B
$828K 0.06%
11,000
+230
+2% +$16.6K
BSX icon
469
Boston Scientific
BSX
$74.9B
$825K 0.06%
19,200
+470
+3% +$18.1K
SLAB icon
470
Silicon Laboratories
SLAB
$7.28B
$824K 0.06%
7,970
+100
+1% +$9.65K
AZTA icon
471
Azenta
AZTA
$1.49B
$823K 0.06%
21,230
+190
+0.9% +$6.81K
JBL icon
472
Jabil
JBL
$38.8B
$823K 0.06%
26,030
-180
-0.7% -$5.17K
FFBC icon
473
First Financial Bancorp
FFBC
$3.6B
$822K 0.06%
33,920
+5,000
+17% +$120K
JCAP
474
DELISTED
Jernigan Capital, Inc.
JCAP
$822K 0.06%
+40,090
New +$844K
CRI icon
475
Carter's
CRI
$1.44B
$821K 0.06%
8,420
+60
+0.7% +$5.84K
17 18
19
20 21

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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PVI
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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.