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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRK icon
26
Merck
MRK
$328B
$7.81M 0.41%
134,825
+10,752
+9% +$607K
KO icon
27
Coca-Cola
KO
$373B
$7.54M 0.4%
171,840
+6,560
+4% +$283K
C icon
28
Citigroup
C
$231B
$7.52M 0.39%
112,370
+3,650
+3% +$251K
DIS icon
29
Walt Disney
DIS
$178B
$7.34M 0.39%
70,030
– –
DD icon
30
DuPont de Nemours
DD
$19.5B
$7.3M 0.38%
43,715
+2,745
+7% +$460K
PEP icon
31
PepsiCo
PEP
$189B
$7.17M 0.38%
65,870
+1,940
+3% +$200K
NVDA icon
32
NVIDIA
NVDA
$5.43T
$7.02M 0.37%
1,186,000
-55,600
-4% -$338K
CMCSA icon
33
Comcast
CMCSA
$90.4B
$7M 0.37%
213,420
+9,860
+5% +$321K
ABBV icon
34
AbbVie
ABBV
$440B
$6.84M 0.36%
73,860
-360
-0.5% -$35.2K
AM
35
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
$6.65M 0.35%
225,190
– –
ADBE icon
36
Adobe
ADBE
$103B
$6.65M 0.35%
27,260
+6,310
+30% +$1.49M
AMGN icon
37
Amgen
AMGN
$225B
$6.63M 0.35%
35,920
+1,970
+6% +$348K
DCP
38
DELISTED
DCP Midstream, LP
DCP
$6.6M 0.35%
166,790
– –
TEP
39
DELISTED
Tallgrass Energy Partners, LP
TEP
$6.58M 0.35%
152,000
– –
PAA icon
40
Plains All American Pipeline
PAA
$16.4B
$6.53M 0.34%
276,060
– –
BWP
41
DELISTED
Boardwalk Pipeline Partners
BWP
$6.51M 0.34%
560,400
– –
GEL icon
42
Genesis Energy
GEL
$1.94B
$6.48M 0.34%
295,820
– –
ORCL icon
43
Oracle
ORCL
$442B
$6.47M 0.34%
146,950
+6,590
+5% +$304K
MDT icon
44
Medtronic
MDT
$116B
$6.42M 0.34%
75,060
+1,070
+1% +$89.4K
EPD icon
45
Enterprise Products Partners
EPD
$81.9B
$6.41M 0.34%
231,490
– –
MMP
46
DELISTED
Magellan Midstream Partners, L.P.
MMP
$6.38M 0.34%
92,430
– –
WPZ
47
DELISTED
Williams Partners L.P.
WPZ
$6.35M 0.33%
156,550
– –
GE icon
48
GE Aerospace
GE
$379B
$6.34M 0.33%
97,289
+22,644
+30% +$1.51M
WMT icon
49
Walmart Inc
WMT
$923B
$6.31M 0.33%
221,160
+2,580
+1% +$73.3K
PSXP
50
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$6.31M 0.33%
123,590
– –
1
2
3 4 5

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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 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.