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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BYD icon
676
Boyd Gaming
BYD
$6.05B
$817K 0.04%
23,580
-7,100
-23% -$250K
CNX icon
677
CNX Resources
CNX
$5.23B
$817K 0.04%
45,960
-16,660
-27% -$267K
CMD
678
DELISTED
Cantel Medical Corporation
CMD
$817K 0.04%
8,310
-2,730
-25% -$305K
BGS icon
679
B&G Foods
BGS
$299M
$814K 0.04%
27,230
+670
+3% +$18K
EW icon
680
Edwards Lifesciences
EW
$53.4B
$814K 0.04%
16,770
+420
+3% +$19.6K
LGIH icon
681
LGI Homes
LGIH
$1.37B
$813K 0.04%
14,100
-2,350
-14% -$152K
SRE icon
682
Sempra
SRE
$56.5B
$813K 0.04%
14,000
-18,920
-57% -$1.03M
MYE icon
683
Myers Industries
MYE
$1.25B
$812K 0.04%
42,320
-630
-1% -$13.4K
AVNT icon
684
Avient
AVNT
$4.23B
$810K 0.04%
18,740
-6,000
-24% -$258K
CHRD icon
685
Chord Energy
CHRD
$7.35B
$810K 0.04%
+62,460
New +$711K
PHM icon
686
Pultegroup
PHM
$24.9B
$809K 0.04%
28,130
+20,960
+292% +$631K
ABG icon
687
Asbury Automotive
ABG
$3.78B
$808K 0.04%
11,790
-1,800
-13% -$126K
NAVI icon
688
Navient
NAVI
$867M
$808K 0.04%
62,010
+37,330
+151% +$508K
FLOW
689
DELISTED
SPX FLOW, Inc.
FLOW
$808K 0.04%
18,450
+1,480
+9% +$67.7K
CABO icon
690
Cable One
CABO
$206M
$807K 0.04%
1,100
-360
-25% -$244K
MGM icon
691
MGM Resorts International
MGM
$11.1B
$807K 0.04%
27,820
– –
SJI
692
DELISTED
South Jersey Industries, Inc.
SJI
$807K 0.04%
24,100
-7,690
-24% -$241K
ANH
693
DELISTED
Anworth Mortgage Asset Corporation
ANH
$807K 0.04%
162,450
– –
DECK icon
694
Deckers Outdoor
DECK
$12.7B
$806K 0.04%
42,840
-15,240
-26% -$264K
FNGN
695
DELISTED
Financial Engines, Inc.
FNGN
$806K 0.04%
17,950
-7,240
-29% -$299K
NC icon
696
NACCO Industries
NC
$316M
$804K 0.04%
23,830
– –
PWR icon
697
Quanta Services
PWR
$101B
$803K 0.04%
24,040
– –
B
698
DELISTED
Barnes Group Inc.
B
$803K 0.04%
13,640
-8,160
-37% -$484K
XOXO
699
DELISTED
Xo Group Inc
XOXO
$803K 0.04%
25,080
-2,280
-8% -$63.7K
SAIC icon
700
Saic
SAIC
$5.35B
$801K 0.04%
9,900
-3,320
-25% -$282K
26 27
28
29 30

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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 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.