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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
HII icon
526
Huntington Ingalls Industries
HII
$12.8B
$775K 0.05%
3,450
+730
+27% +$156K
EA
527
DELISTED
Electronic Arts
EA
$774K 0.05%
7,650
+3,560
+87% +$339K
PNFP icon
528
Pinnacle Financial Partners Inc
PNFP
$16.2B
$774K 0.05%
13,470
+120
+0.9% +$6.75K
ICUI icon
529
ICU Medical
ICUI
$4.58B
$773K 0.05%
3,070
+40
+1% +$9.27K
TDC icon
530
Teradata
TDC
$2.57B
$773K 0.05%
21,550
– –
FFIN icon
531
First Financial Bankshares
FFIN
$5.04B
$772K 0.05%
25,080
-14,620
-37% -$440K
LRCX icon
532
Lam Research
LRCX
$422B
$772K 0.05%
41,100
-5,500
-12% -$104K
XLNX
533
DELISTED
Xilinx Inc
XLNX
$772K 0.05%
6,550
+3,120
+91% +$364K
SCL icon
534
Stepan Co
SCL
$1.48B
$771K 0.05%
8,390
+2,450
+41% +$219K
CWCO icon
535
Consolidated Water Co
CWCO
$502M
$769K 0.05%
53,900
+24,580
+84% +$327K
HFWA icon
536
Heritage Financial
HFWA
$1.23B
$768K 0.05%
26,020
+16,290
+167% +$490K
CMCO icon
537
Columbus McKinnon
CMCO
$550M
$766K 0.05%
18,250
-2,350
-11% -$89.4K
TNL icon
538
Travel + Leisure Co
TNL
$4.58B
$766K 0.05%
17,460
+180
+1% +$7.67K
WTFC icon
539
Wintrust Financial
WTFC
$11B
$765K 0.05%
10,450
+170
+2% +$12.4K
SLB icon
540
SLB Ltd
SLB
$77.3B
$763K 0.05%
19,202
+460
+2% +$18.5K
AAN.A
541
DELISTED
The Aaron's Company Inc Class A
AAN.A
$763K 0.05%
12,420
-90
-0.7% -$5.53K
IRBT
542
DELISTED
iRobot
IRBT
$762K 0.05%
8,310
+140
+2% +$14.2K
AMN icon
543
AMN Healthcare
AMN
$1.34B
$761K 0.05%
14,020
+280
+2% +$14.2K
ZD icon
544
Ziff Davis
ZD
$1.92B
$761K 0.05%
9,844
+23
+0.2% +$1.74K
MLI icon
545
Mueller Industries
MLI
$14.7B
$760K 0.05%
103,880
+9,200
+10% +$67.3K
MTH icon
546
Meritage Homes
MTH
$4.8B
$760K 0.05%
29,620
-8,980
-23% -$227K
SVC
547
Service Properties Trust
SVC
$1.06B
$760K 0.05%
6,080
+84
+1% +$10.8K
CBRL icon
548
Cracker Barrel
CBRL
$1.31B
$758K 0.05%
4,440
+60
+1% +$9.83K
DORM icon
549
Dorman Products
DORM
$3.95B
$757K 0.05%
8,690
+170
+2% +$14.8K
MANT
550
DELISTED
Mantech International Corp
MANT
$757K 0.05%
11,490
+630
+6% +$38.3K
20 21
22
23 24

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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.