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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
CVX icon
26
Chevron
CVX
$386B
$6.75M 0.47%
54,250
+1,410
+3% +$170K
HD icon
27
Home Depot
HD
$342B
$6.74M 0.47%
32,400
+360
+1% +$71.8K
CSCO icon
28
Cisco
CSCO
$488B
$6.64M 0.46%
121,400
-10,480
-8% -$579K
VZ icon
29
Verizon
VZ
$195B
$6.6M 0.46%
115,560
-450
-0.4% -$25.9K
KO icon
30
Coca-Cola
KO
$373B
$6.37M 0.44%
125,120
+2,940
+2% +$144K
HEP
31
DELISTED
Holly Energy Partners, L.P.
HEP
$6.13M 0.43%
222,860
– –
WFC icon
32
Wells Fargo
WFC
$269B
$6.09M 0.43%
128,750
+10,970
+9% +$513K
PEP icon
33
PepsiCo
PEP
$189B
$6.08M 0.42%
46,380
-2,740
-6% -$351K
CMCSA icon
34
Comcast
CMCSA
$90.4B
$6.07M 0.42%
143,610
-8,260
-5% -$348K
ENBL
35
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
$6M 0.42%
437,240
– –
BA icon
36
Boeing
BA
$183B
$5.95M 0.42%
16,350
+360
+2% +$131K
ABT icon
37
Abbott
ABT
$192B
$5.89M 0.41%
70,068
+550
+0.8% +$43.3K
WMT icon
38
Walmart Inc
WMT
$923B
$5.88M 0.41%
159,600
+1,350
+0.9% +$46.5K
MCD icon
39
McDonald's
MCD
$195B
$5.84M 0.41%
28,150
-1,890
-6% -$374K
INTC icon
40
Intel
INTC
$509B
$5.75M 0.4%
120,170
-12,340
-9% -$612K
MDT icon
41
Medtronic
MDT
$116B
$5.75M 0.4%
59,030
+7,300
+14% +$667K
C icon
42
Citigroup
C
$231B
$5.73M 0.4%
81,840
+2,680
+3% +$179K
ADBE icon
43
Adobe
ADBE
$103B
$5.68M 0.4%
19,270
+150
+0.8% +$41.7K
ORCL icon
44
Oracle
ORCL
$442B
$5.56M 0.39%
97,630
-4,640
-5% -$251K
NFLX icon
45
Netflix
NFLX
$309B
$5.54M 0.39%
150,700
-3,700
-2% -$133K
PYPL icon
46
PayPal
PYPL
$50.6B
$5.51M 0.38%
48,120
+32,170
+202% +$3.57M
HON icon
47
Honeywell
HON
$74.6B
$5.29M 0.37%
32,148
+85
+0.3% +$13.5K
ACN icon
48
Accenture
ACN
$110B
$5.17M 0.36%
27,950
-710
-2% -$128K
AMGN icon
49
Amgen
AMGN
$225B
$5.15M 0.36%
27,930
+3,270
+13% +$586K
IBM icon
50
IBM
IBM
$222B
$5.08M 0.35%
38,535
+2,197
+6% +$289K
1
2
3 4 5

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
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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.