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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
LOGM
626
DELISTED
LogMein, Inc.
LOGM
$687K 0.05%
9,330
– –
EVTC icon
627
Evertec
EVTC
$1.91B
$686K 0.05%
20,960
-360
-2% -$10.6K
VYX icon
628
NCR Voyix
VYX
$1.17B
$684K 0.05%
35,844
+717
+2% +$13.3K
MDC
629
DELISTED
M.D.C. Holdings, Inc.
MDC
$684K 0.05%
22,529
-3,683
-14% -$108K
MSA icon
630
Mine Safety
MSA
$7.32B
$683K 0.05%
6,480
+100
+2% +$10.5K
PEB icon
631
Pebblebrook Hotel Trust
PEB
$2.05B
$680K 0.05%
24,130
+260
+1% +$7.86K
TCBK icon
632
TriCo Bancshares
TCBK
$1.86B
$680K 0.05%
+18,000
New +$703K
EXLS icon
633
EXL Service
EXLS
$5.36B
$679K 0.05%
51,350
+1,150
+2% +$14.1K
VVV icon
634
Valvoline
VVV
$4.31B
$679K 0.05%
34,787
+480
+1% +$8.86K
REX icon
635
REX American Resources
REX
$1.44B
$677K 0.05%
55,680
-11,220
-17% -$147K
ICE icon
636
Intercontinental Exchange
ICE
$87.2B
$676K 0.05%
7,870
+160
+2% +$13.1K
IRDM icon
637
Iridium Communications
IRDM
$5.27B
$676K 0.05%
29,080
+370
+1% +$9.21K
UMPQ
638
DELISTED
Umpqua Holdings Corp
UMPQ
$676K 0.05%
40,740
+590
+1% +$9.97K
CMG icon
639
Chipotle Mexican Grill
CMG
$41.3B
$674K 0.05%
46,000
+29,500
+179% +$416K
CTRE icon
640
CareTrust REIT
CTRE
$9.18B
$673K 0.05%
28,300
+2,180
+8% +$52.8K
OZK icon
641
Bank OZK
OZK
$5.7B
$673K 0.05%
22,350
+310
+1% +$9.61K
MOS icon
642
The Mosaic Company
MOS
$6.92B
$672K 0.05%
26,840
+22,070
+463% +$539K
NWE icon
643
NorthWestern Energy
NWE
$4.4B
$672K 0.05%
9,310
+140
+2% +$9.94K
LCII icon
644
LCI Industries
LCII
$2.6B
$670K 0.05%
7,440
-2,850
-28% -$252K
LTXB
645
DELISTED
LegacyTexas Financial Group Inc
LTXB
$669K 0.05%
16,440
+3,220
+24% +$126K
AKR icon
646
Acadia Realty Trust
AKR
$2.86B
$668K 0.05%
24,390
+480
+2% +$13.5K
CLH icon
647
Clean Harbors
CLH
$16.9B
$668K 0.05%
9,400
+110
+1% +$7.66K
OLN icon
648
Olin
OLN
$2.17B
$668K 0.05%
30,490
+80
+0.3% +$1.78K
NEO icon
649
NeoGenomics
NEO
$2.11B
$667K 0.05%
30,380
+2,580
+9% +$56.6K
GPX
650
DELISTED
GP Strategies Corp.
GPX
$667K 0.05%
+44,230
New +$609K
24 25
26
27 28

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SFM
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AI
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PEA
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SUT
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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.