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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
ETP
51
DELISTED
Energy Transfer Partners, L.P.
ETP
$6.3M 0.33%
330,940
– –
MCD icon
52
McDonald's
MCD
$195B
$6.28M 0.33%
40,070
+1,050
+3% +$170K
UNP icon
53
Union Pacific
UNP
$174B
$6.16M 0.32%
43,470
+12,920
+42% +$1.8M
WES
54
DELISTED
Western Gas Partners Lp
WES
$6.16M 0.32%
127,250
– –
TXN icon
55
Texas Instruments
TXN
$253B
$6.15M 0.32%
55,820
+14,850
+36% +$1.61M
NGL icon
56
NGL Energy Partners
NGL
$2.12B
$6.13M 0.32%
490,740
– –
ABT icon
57
Abbott
ABT
$192B
$6.01M 0.32%
98,568
-1,850
-2% -$112K
IBM icon
58
IBM
IBM
$222B
$6M 0.32%
44,957
+105
+0.2% +$14.6K
HON icon
59
Honeywell
HON
$74.6B
$5.93M 0.31%
45,597
+553
+1% +$73.6K
MMM icon
60
3M
MMM
$94.8B
$5.92M 0.31%
35,988
+766
+2% +$131K
ENLK
61
DELISTED
EnLink Midstream Partners, LP
ENLK
$5.9M 0.31%
379,940
– –
MPLX icon
62
MPLX
MPLX
$60.8B
$5.86M 0.31%
171,510
– –
HEP
63
DELISTED
Holly Energy Partners, L.P.
HEP
$5.84M 0.31%
206,740
– –
PM icon
64
Philip Morris
PM
$290B
$5.82M 0.31%
72,110
+4,850
+7% +$412K
NS
65
DELISTED
NuStar Energy L.P.
NS
$5.79M 0.3%
255,450
– –
MO icon
66
Altria Group
MO
$107B
$5.65M 0.3%
99,540
+3,980
+4% +$230K
BKNG icon
67
Booking.com
BKNG
$159B
$5.62M 0.29%
69,250
+37,250
+116% +$3.14M
SEP
68
DELISTED
Spectra Engy Parters Lp
SEP
$5.49M 0.29%
155,100
– –
SHLX
69
DELISTED
Shell Midstream Partners, L.P.
SHLX
$5.41M 0.28%
243,940
– –
ANDX
70
DELISTED
Andeavor Logistics LP
ANDX
$5.41M 0.28%
127,120
– –
RMP
71
DELISTED
Rice Midstream Partners LP
RMP
$5.21M 0.27%
305,950
– –
BMY icon
72
Bristol-Myers Squibb
BMY
$130B
$5.12M 0.27%
92,430
+2,750
+3% +$149K
EEP
73
DELISTED
Enbridge Energy Partners
EEP
$5.09M 0.27%
465,520
– –
STC icon
74
Stewart Information Services
STC
$2B
$4.91M 0.26%
114,000
-11,950
-9% -$513K
EQM
75
DELISTED
EQM Midstream Partners, LP
EQM
$4.8M 0.25%
93,060
– –
1 2
3
4 5

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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
HI
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PEA
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SUT
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MU
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WPL
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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.