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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
ABM icon
501
ABM Industries
ABM
$2.82B
$792K 0.06%
19,800
-16,120
-45% -$612K
SO icon
502
Southern Company
SO
$107B
$792K 0.06%
14,330
-21,260
-60% -$1.14M
BHF icon
503
Brighthouse Financial
BHF
$3.42B
$791K 0.06%
21,570
+19,979
+1,256% +$772K
HIW icon
504
Highwoods Properties
HIW
$3.51B
$791K 0.06%
19,150
+280
+1% +$12.4K
FLO icon
505
Flowers Foods
FLO
$1.6B
$789K 0.06%
33,920
+470
+1% +$10.4K
MLR icon
506
Miller Industries
MLR
$640M
$788K 0.06%
25,610
– –
EXP icon
507
Eagle Materials
EXP
$6.41B
$787K 0.05%
8,490
-60
-0.7% -$5.29K
KEX icon
508
Kirby Corp
KEX
$7.26B
$787K 0.05%
9,960
+140
+1% +$11.2K
PLXS icon
509
Plexus
PLXS
$7.04B
$787K 0.05%
13,480
+4,390
+48% +$253K
SR icon
510
Spire
SR
$4.9B
$787K 0.05%
9,380
-2,730
-23% -$229K
SF
511
Stifel
SF
$12.9B
$785K 0.05%
29,903
+360
+1% +$9.17K
SLM icon
512
SLM Corp
SLM
$5.22B
$785K 0.05%
80,760
+1,340
+2% +$13.3K
CXT icon
513
Crane NXT
CXT
$2.96B
$784K 0.05%
27,034
+518
+2% +$15.1K
RHI icon
514
Robert Half
RHI
$4.48B
$784K 0.05%
13,750
+1,740
+14% +$104K
RYAM icon
515
Rayonier Advanced Materials
RYAM
$570M
$784K 0.05%
120,830
+29,360
+32% +$306K
SPGI icon
516
S&P Global
SPGI
$125B
$784K 0.05%
3,440
+40
+1% +$8.74K
EGP icon
517
EastGroup Properties
EGP
$11B
$782K 0.05%
6,740
-3,980
-37% -$450K
INDB icon
518
Independent Bank
INDB
$4.05B
$782K 0.05%
10,270
+930
+10% +$72.4K
COR
519
DELISTED
Coresite Realty Corporation
COR
$782K 0.05%
6,790
+100
+1% +$11.3K
BKH icon
520
Black Hills Corp
BKH
$5.64B
$780K 0.05%
9,980
+140
+1% +$10.5K
MKSI icon
521
MKS Inc
MKSI
$20.7B
$780K 0.05%
10,020
+180
+2% +$15.2K
TREX icon
522
Trex
TREX
$5.1B
$780K 0.05%
21,760
-12,840
-37% -$435K
SKX
523
DELISTED
Skechers
SKX
$777K 0.05%
24,680
+270
+1% +$8.33K
XRX icon
524
Xerox
XRX
$412M
$776K 0.05%
21,917
-4,900
-18% -$164K
DRI icon
525
Darden Restaurants
DRI
$25.4B
$775K 0.05%
6,370
+4,700
+281% +$559K
19 20
21
22 23

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SFM
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AI
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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.