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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
SMG icon
601
ScottsMiracle-Gro
SMG
$3.59B
$716K 0.05%
7,270
+110
+2% +$9.78K
PXD
602
DELISTED
Pioneer Natural Resource Co.
PXD
$715K 0.05%
4,650
+2,340
+101% +$359K
KAI icon
603
Kadant
KAI
$3.91B
$714K 0.05%
+7,860
New +$706K
CNK icon
604
Cinemark Holdings
CNK
$4.37B
$711K 0.05%
19,690
+310
+2% +$12.2K
LMAT icon
605
LeMaitre Vascular
LMAT
$1.87B
$707K 0.05%
25,270
+20,650
+447% +$574K
LXP icon
606
LXP Industrial Trust
LXP
$3.58B
$707K 0.05%
15,014
+2,664
+22% +$123K
FNB icon
607
FNB Corp
FNB
$6.88B
$706K 0.05%
59,990
+870
+1% +$10K
FUL icon
608
H.B. Fuller
FUL
$3.24B
$706K 0.05%
15,210
+260
+2% +$12K
CUZ icon
609
Cousins Properties
CUZ
$4.93B
$703K 0.05%
19,430
+270
+1% +$10.1K
FLOW
610
DELISTED
SPX FLOW, Inc.
FLOW
$703K 0.05%
16,780
-2,620
-14% -$96.9K
CTRA
611
DELISTED
Coterra Energy
CTRA
$701K 0.05%
30,520
+24,720
+426% +$629K
VAC icon
612
Marriott Vacations Worldwide
VAC
$4.17B
$701K 0.05%
7,275
+80
+1% +$7.89K
GWW icon
613
W.W. Grainger
GWW
$62.2B
$700K 0.05%
2,610
+820
+46% +$230K
PLD icon
614
Prologis
PLD
$134B
$699K 0.05%
8,730
+210
+2% +$16K
MRSH
615
Marsh
MRSH
$90B
$698K 0.05%
7,000
+180
+3% +$17.2K
UBSI icon
616
United Bankshares
UBSI
$6.68B
$698K 0.05%
18,810
– –
SHOE
617
Shoe Station Group
SHOE
$415M
$697K 0.05%
50,480
-2,360
-4% -$36.7K
PBF icon
618
PBF Energy
PBF
$8.81B
$694K 0.05%
22,160
+300
+1% +$8.95K
POWI icon
619
Power Integrations
POWI
$3.48B
$694K 0.05%
17,300
+100
+0.6% +$3.65K
ECL icon
620
Ecolab
ECL
$77.4B
$693K 0.05%
3,510
+70
+2% +$13K
UFPI icon
621
UFP Industries
UFPI
$5.03B
$693K 0.05%
18,210
+140
+0.8% +$4.85K
EGHT icon
622
8x8 Inc
EGHT
$303M
$690K 0.05%
28,610
+650
+2% +$15.1K
APD icon
623
Air Products & Chemicals
APD
$68B
$688K 0.05%
3,040
-12,460
-80% -$2.58M
FN icon
624
Fabrinet
FN
$20.3B
$688K 0.05%
13,850
+3,050
+28% +$161K
VNDA icon
625
Vanda Pharmaceuticals
VNDA
$304M
$687K 0.05%
48,760
+33,280
+215% +$530K
23 24
25
26 27

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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
PEA
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SUT
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MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
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.