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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
RH icon
676
RH
RH
$3.4B
$645K 0.05%
5,580
+110
+2% +$11.3K
EXC icon
677
Exelon
EXC
$47B
$644K 0.04%
18,829
-52,070
-73% -$1.84M
AEIS icon
678
Advanced Energy
AEIS
$13.2B
$643K 0.04%
11,430
-1,680
-13% -$90K
CVBF icon
679
CVB Financial
CVBF
$4.08B
$643K 0.04%
30,560
+530
+2% +$11.3K
CATO icon
680
Cato Corp
CATO
$66.7M
$642K 0.04%
52,030
-16,520
-24% -$225K
NWBI icon
681
Northwest Bancshares
NWBI
$2.31B
$642K 0.04%
36,490
+540
+2% +$9.27K
RRX icon
682
Regal Rexnord
RRX
$11.4B
$642K 0.04%
7,860
– –
SFNC icon
683
Simmons First National
SFNC
$3.46B
$642K 0.04%
27,620
-3,550
-11% -$86.4K
AIG icon
684
American International
AIG
$39.8B
$641K 0.04%
12,040
+60
+0.5% +$2.99K
AON icon
685
Aon
AON
$75.7B
$641K 0.04%
3,320
+60
+2% +$10.9K
DGII icon
686
Digi International
DGII
$3.23B
$641K 0.04%
50,530
+14,300
+39% +$174K
HF
687
DELISTED
HFF Inc.
HF
$641K 0.04%
14,100
+210
+2% +$9.61K
ASB icon
688
Associated Banc-Corp
ASB
$6.07B
$639K 0.04%
30,220
– –
ELME
689
Elme Communities
ELME
$144M
$639K 0.04%
23,910
+410
+2% +$11.4K
KMB icon
690
Kimberly-Clark
KMB
$36.8B
$636K 0.04%
4,770
+80
+2% +$10.3K
HWC icon
691
Hancock Whitney
HWC
$6.37B
$635K 0.04%
15,840
+310
+2% +$12.8K
SIVB
692
DELISTED
SVB Financial Group
SIVB
$634K 0.04%
2,820
+2,100
+292% +$486K
TOWR
693
DELISTED
Tower International, Inc.
TOWR
$633K 0.04%
32,470
+3,620
+13% +$75.1K
BOH icon
694
Bank of Hawaii
BOH
$3.15B
$631K 0.04%
7,610
– –
UTHR icon
695
United Therapeutics
UTHR
$21.5B
$631K 0.04%
8,080
+130
+2% +$12.2K
TCF
696
DELISTED
TCF Financial Corporation
TCF
$630K 0.04%
30,320
-90
-0.3% -$1.88K
ITRI icon
697
Itron
ITRI
$4.5B
$629K 0.04%
10,050
+170
+2% +$9.45K
AIR icon
698
AAR Corp
AIR
$5.77B
$628K 0.04%
17,070
+7,520
+79% +$249K
FF icon
699
Future Fuel
FF
$249M
$627K 0.04%
53,680
+6,960
+15% +$86.5K
CTB
700
DELISTED
Cooper Tire & Rubber Co.
CTB
$627K 0.04%
19,870
-1,060
-5% -$32.2K
26 27
28
29 30

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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
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
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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.