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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
LSI
476
DELISTED
Life Storage, Inc.
LSI
$820K 0.06%
12,930
+180
+1% +$11.6K
BNED icon
477
Barnes & Noble Education
BNED
$424M
$819K 0.06%
2,437
+2,331
+2,199% +$895K
NWN icon
478
Northwest Natural Holdings
NWN
$2.14B
$819K 0.06%
11,790
+3,340
+40% +$226K
HZO icon
479
MarineMax
HZO
$1.15B
$818K 0.06%
49,750
+3,300
+7% +$57K
NJR icon
480
New Jersey Resources
NJR
$5.64B
$817K 0.06%
16,410
+280
+2% +$13.8K
SAIC icon
481
Saic
SAIC
$5.35B
$815K 0.06%
9,410
+130
+1% +$10.2K
WBS icon
482
Webster Financial
WBS
$12.8B
$815K 0.06%
17,060
+240
+1% +$12K
HIBB
483
DELISTED
Hibbett, Inc. Common Stock
HIBB
$815K 0.06%
44,770
+13,470
+43% +$283K
PB icon
484
Prosperity Bancshares
PB
$8.97B
$810K 0.06%
12,270
+170
+1% +$11.8K
KWR icon
485
Quaker Houghton
KWR
$2.95B
$809K 0.06%
3,990
+80
+2% +$16.3K
NGVT icon
486
Ingevity
NGVT
$2.59B
$809K 0.06%
7,690
+80
+1% +$8.04K
LFUS icon
487
Littelfuse
LFUS
$11.4B
$808K 0.06%
4,570
-20
-0.4% -$3.63K
FNSR
488
DELISTED
Finisar Corp
FNSR
$807K 0.06%
35,270
+610
+2% +$14K
CETV
489
DELISTED
Central European Media Enterprises Ltd
CETV
$806K 0.06%
+184,870
New +$732K
IPG
490
DELISTED
Interpublic Group of Companies
IPG
$805K 0.06%
35,640
+3,480
+11% +$77.3K
SSD icon
491
Simpson Manufacturing
SSD
$8B
$802K 0.06%
12,070
-1,560
-11% -$99.7K
LSTR icon
492
Landstar System
LSTR
$6.4B
$801K 0.06%
7,420
+80
+1% +$8.53K
CONN
493
DELISTED
Conn's Inc.
CONN
$801K 0.06%
44,990
+14,510
+48% +$319K
CIVI
494
DELISTED
Civitas Resources
CIVI
$800K 0.06%
38,330
+15,400
+67% +$336K
EE
495
DELISTED
El Paso Electric Company
EE
$797K 0.06%
12,190
+260
+2% +$16K
SHOO icon
496
Steven Madden
SHOO
$3.46B
$794K 0.06%
23,380
+400
+2% +$13.2K
ALE
497
DELISTED
Allete
ALE
$793K 0.06%
9,530
+160
+2% +$13.2K
BLK icon
498
Blackrock
BLK
$183B
$793K 0.06%
1,690
+50
+3% +$22.6K
COLB icon
499
Columbia Banking Systems
COLB
$9.18B
$793K 0.06%
21,920
-1,940
-8% -$68.7K
LAD icon
500
Lithia Motors
LAD
$8.32B
$793K 0.06%
6,680
+80
+1% +$8.85K
18 19
20
21 22

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VAS
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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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 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.