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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
PUMP icon
651
ProPetro Holding
PUMP
$1.42B
$664K 0.05%
32,120
+10,390
+48% +$221K
CNMD icon
652
CONMED
CNMD
$1.49B
$663K 0.05%
7,750
-1,390
-15% -$114K
SMBK icon
653
SmartFinancial
SMBK
$899M
$663K 0.05%
30,550
– –
TXRH icon
654
Texas Roadhouse
TXRH
$13.6B
$662K 0.05%
12,330
+200
+2% +$11.2K
VLY icon
655
Valley National Bancorp
VLY
$8.3B
$662K 0.05%
61,380
+950
+2% +$9.74K
SCHW
656
Charles Schwab
SCHW
$190B
$660K 0.05%
16,430
+160
+1% +$6.97K
WDFC icon
657
WD-40
WDFC
$3.09B
$658K 0.05%
4,140
+80
+2% +$13.1K
WEN icon
658
Wendy's
WEN
$1.65B
$658K 0.05%
33,630
-470
-1% -$8.85K
GT icon
659
Goodyear
GT
$1.78B
$657K 0.05%
42,930
-23,050
-35% -$389K
HQY icon
660
HealthEquity
HQY
$8.83B
$657K 0.05%
10,040
+140
+1% +$9.74K
SIX
661
DELISTED
Six Flags Entertainment Corp.
SIX
$656K 0.05%
13,210
+130
+1% +$6.71K
AMED
662
DELISTED
Amedisys
AMED
$654K 0.05%
5,390
+60
+1% +$7.12K
FMBI
663
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$654K 0.05%
31,960
+550
+2% +$11.4K
CVLG icon
664
Covenant Logistics
CVLG
$880M
$653K 0.05%
88,840
+33,480
+60% +$293K
NVRI icon
665
Enviri
NVRI
$564M
$653K 0.05%
23,790
-3,020
-11% -$73.8K
EBS icon
666
Emergent Biosolutions
EBS
$230M
$651K 0.05%
13,480
-2,130
-14% -$102K
JHG
667
DELISTED
Janus Henderson
JHG
$651K 0.05%
30,414
– –
ODP
668
DELISTED
ODP
ODP
$651K 0.05%
31,615
+15,578
+97% +$353K
KBR icon
669
KBR
KBR
$4.81B
$650K 0.05%
26,070
+390
+2% +$8.72K
SBRA icon
670
Sabra Healthcare REIT
SBRA
$5.15B
$649K 0.05%
32,970
+470
+1% +$9.16K
LIVN icon
671
LivaNova
LIVN
$4.53B
$648K 0.05%
9,000
+120
+1% +$8.78K
PGR icon
672
Progressive
PGR
$121B
$647K 0.05%
8,090
-19,070
-70% -$1.48M
TKR icon
673
Timken Company
TKR
$9.1B
$647K 0.05%
12,610
– –
NEU icon
674
NewMarket
NEU
$8.72B
$646K 0.05%
1,610
-10
-0.6% -$4.13K
DCO icon
675
Ducommun
DCO
$3.01B
$645K 0.05%
+14,300
New +$641K
25 26
27
28 29

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.