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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
KLIC icon
751
Kulicke & Soffa
KLIC
$5.01B
$592K 0.04%
26,270
+2,620
+11% +$57.6K
DIN icon
752
Dine Brands
DIN
$440M
$591K 0.04%
6,190
+1,000
+19% +$91.3K
EFOR
753
Everforth Inc
EFOR
$1.37B
$590K 0.04%
9,740
+170
+2% +$10.2K
KALU icon
754
Kaiser Aluminum
KALU
$2.99B
$590K 0.04%
6,040
-140
-2% -$13.7K
HES
755
DELISTED
Hess
HES
$589K 0.04%
9,270
+5,900
+175% +$365K
PRGS icon
756
Progress Software
PRGS
$1.83B
$589K 0.04%
13,510
+240
+2% +$10.4K
MTZ icon
757
MasTec
MTZ
$23B
$587K 0.04%
11,390
+130
+1% +$6.42K
CORR
758
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
$587K 0.04%
14,790
+4,700
+47% +$183K
ATI icon
759
ATI
ATI
$30.9B
$586K 0.04%
23,240
+330
+1% +$8.04K
SMTC icon
760
Semtech
SMTC
$12.4B
$585K 0.04%
12,170
-7,120
-37% -$346K
KN icon
761
Knowles
KN
$3.23B
$584K 0.04%
31,910
-550
-2% -$9.7K
ROIC
762
DELISTED
Retail Opportunity Investments Corp.
ROIC
$584K 0.04%
34,100
+690
+2% +$11.9K
BIG
763
DELISTED
Big Lots, Inc.
BIG
$584K 0.04%
20,410
+8,640
+73% +$289K
DINO icon
764
HF Sinclair
DINO
$16.3B
$583K 0.04%
12,590
+5,430
+76% +$243K
EQIX icon
765
Equinix
EQIX
$106B
$583K 0.04%
1,156
+70
+6% +$33.6K
XRN
766
Chiron Real Estate Inc
XRN
$484M
$583K 0.04%
+11,096
New +$579K
WWE
767
DELISTED
World Wrestling Entertainment
WWE
$583K 0.04%
8,070
+160
+2% +$13.1K
DHT icon
768
DHT Holdings
DHT
$3.09B
$582K 0.04%
+98,470
New +$536K
CALM icon
769
Cal-Maine
CALM
$3.87B
$580K 0.04%
13,910
+1,480
+12% +$60.9K
TREE icon
770
LendingTree
TREE
$461M
$580K 0.04%
1,380
+30
+2% +$11.5K
CRCM
771
DELISTED
CARE.COM, INC.
CRCM
$580K 0.04%
52,810
+45,220
+596% +$684K
MOV icon
772
Movado Group
MOV
$796M
$579K 0.04%
21,460
+16,660
+347% +$524K
NTAP icon
773
NetApp
NTAP
$40.2B
$579K 0.04%
9,380
+5,990
+177% +$404K
PRA
774
DELISTED
ProAssurance
PRA
$579K 0.04%
16,040
+320
+2% +$11.9K
DIOD icon
775
Diodes
DIOD
$4.48B
$578K 0.04%
15,890
+3,870
+32% +$137K
29 30
31
32 33

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.