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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
UNP icon
51
Union Pacific
UNP
$174B
$4.93M 0.34%
29,170
-1,870
-6% -$320K
PM icon
52
Philip Morris
PM
$290B
$4.86M 0.34%
61,920
+2,310
+4% +$191K
CRM icon
53
Salesforce
CRM
$158B
$4.86M 0.34%
32,040
-420
-1% -$65.8K
NKE icon
54
Nike
NKE
$60.1B
$4.74M 0.33%
56,410
+31,640
+128% +$2.66M
RTX icon
55
RTX Corp
RTX
$300B
$4.7M 0.33%
57,350
+16,748
+41% +$1.4M
AVGO icon
56
Broadcom
AVGO
$1.98T
$4.69M 0.33%
162,980
+107,000
+191% +$3.12M
ABBV icon
57
AbbVie
ABBV
$440B
$4.65M 0.32%
63,990
+8,460
+15% +$665K
GOOG icon
58
Alphabet (Google) Class C
GOOG
$4.19T
$4.6M 0.32%
85,060
+1,800
+2% +$104K
NVDA icon
59
NVIDIA
NVDA
$5.43T
$4.35M 0.3%
1,058,400
+194,400
+23% +$806K
MMM icon
60
3M
MMM
$94.8B
$4.08M 0.29%
28,178
-275
-1% -$42.3K
AXP icon
61
American Express
AXP
$232B
$4.06M 0.28%
32,920
+23,440
+247% +$2.75M
TMO icon
62
Thermo Fisher Scientific
TMO
$223B
$3.61M 0.25%
12,280
+1,740
+17% +$479K
USB icon
63
US Bancorp
USB
$101B
$2.99M 0.21%
57,080
+36,520
+178% +$1.88M
ADP icon
64
Automatic Data Processing
ADP
$107B
$2.87M 0.2%
17,380
+11,450
+193% +$1.86M
TRV icon
65
Travelers Companies
TRV
$77.2B
$2.65M 0.19%
17,730
+2,380
+16% +$343K
ADM icon
66
Archer Daniels Midland
ADM
$38.4B
$2.63M 0.18%
64,360
+22,260
+53% +$922K
LMT icon
67
Lockheed Martin
LMT
$140B
$2.5M 0.17%
6,870
+3,520
+105% +$1.18M
IEX icon
68
IDEX
IEX
$17.7B
$2.41M 0.17%
14,010
+150
+1% +$23.6K
DFS
69
DELISTED
Discover Financial Services
DFS
$2.35M 0.16%
30,230
+9,990
+49% +$774K
STE icon
70
Steris
STE
$23.1B
$2.33M 0.16%
15,640
+240
+2% +$32.1K
CCI icon
71
Crown Castle
CCI
$31.5B
$2.31M 0.16%
17,700
+4,970
+39% +$639K
HIG icon
72
Hartford Financial Services
HIG
$37.7B
$2.27M 0.16%
40,770
+35,910
+739% +$1.9M
GILD icon
73
Gilead Sciences
GILD
$168B
$2.25M 0.16%
33,350
+15,840
+90% +$1.04M
MKTX icon
74
MarketAxess Holdings
MKTX
$5.72B
$2.24M 0.16%
6,970
+80
+1% +$23.1K
ALLE icon
75
Allegion
ALLE
$14.1B
$2.23M 0.16%
20,150
+4,460
+28% +$446K
1 2
3
4 5

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SFM
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AI
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HI
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PEA
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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.