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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
CCOI icon
576
Cogent Communications
CCOI
$530M
$741K 0.05%
12,480
-4,680
-27% -$269K
MUR icon
577
Murphy Oil
MUR
$4.99B
$741K 0.05%
30,080
+420
+1% +$11.1K
ETRN
578
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$741K 0.05%
37,610
+530
+1% +$11K
NVT icon
579
nVent Electric
NVT
$27.5B
$739K 0.05%
29,820
+50
+0.2% +$1.29K
BC icon
580
Brunswick
BC
$5.29B
$738K 0.05%
16,090
+280
+2% +$13.5K
NSC icon
581
Norfolk Southern
NSC
$75.9B
$738K 0.05%
3,700
-4,750
-56% -$942K
ACIW icon
582
ACI Worldwide
ACIW
$5.42B
$737K 0.05%
21,470
+330
+2% +$10.9K
AEL
583
DELISTED
American Equity Investment Life Holding Company
AEL
$735K 0.05%
27,070
-8,130
-23% -$233K
COHR icon
584
Coherent
COHR
$64B
$732K 0.05%
20,040
+2,520
+14% +$92K
IART icon
585
Integra LifeSciences
IART
$1.42B
$731K 0.05%
13,080
+190
+1% +$9.78K
MEDP icon
586
Medpace
MEDP
$16.2B
$730K 0.05%
11,150
+3,530
+46% +$203K
CWT icon
587
California Water Service
CWT
$3.1B
$728K 0.05%
14,380
+290
+2% +$14.6K
GTLS
588
DELISTED
Chart Industries
GTLS
$727K 0.05%
9,450
+160
+2% +$13.1K
GWB
589
DELISTED
Great Western Bancorp, Inc.
GWB
$727K 0.05%
20,350
+870
+4% +$29.3K
HR
590
DELISTED
Healthcare Realty Trust Incorporated
HR
$726K 0.05%
23,170
+340
+1% +$10.8K
BRC icon
591
Brady Corp
BRC
$4.43B
$725K 0.05%
14,690
-1,890
-11% -$90.6K
CVGI icon
592
Commercial Vehicle Group
CVGI
$130M
$725K 0.05%
90,360
– –
RYN icon
593
Rayonier
RYN
$6.54B
$725K 0.05%
26,387
+374
+1% +$10.5K
AGN
594
DELISTED
Allergan plc
AGN
$725K 0.05%
4,331
+40
+0.9% +$5.54K
JJSF icon
595
J&J Snack Foods
JJSF
$1.7B
$723K 0.05%
4,490
+90
+2% +$14.4K
TECD
596
DELISTED
Tech Data Corp
TECD
$722K 0.05%
6,900
+100
+1% +$10.2K
ADC icon
597
Agree Realty
ADC
$9.34B
$720K 0.05%
11,240
+190
+2% +$12.7K
TESS
598
DELISTED
Tessco Technologies Inc
TESS
$718K 0.05%
+40,180
New +$735K
MDCO
599
DELISTED
Medicines Co
MDCO
$717K 0.05%
19,660
+390
+2% +$12.7K
MAT icon
600
Mattel
MAT
$4.25B
$716K 0.05%
63,860
+59,220
+1,276% +$696K
22 23
24
25 26

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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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.