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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
CALY
776
Callaway Golf Company
CALY
$2.95B
$577K 0.04%
33,600
+1,570
+5% +$25.9K
ADI icon
777
Analog Devices
ADI
$186B
$576K 0.04%
5,102
-9,970
-66% -$1.08M
FHI icon
778
Federated Hermes
FHI
$4.74B
$575K 0.04%
17,700
+300
+2% +$9.47K
SXT icon
779
Sensient Technologies
SXT
$5.53B
$575K 0.04%
7,820
+110
+1% +$7.77K
SYNH
780
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$575K 0.04%
11,260
+160
+1% +$7.45K
R icon
781
Ryder
R
$10.1B
$573K 0.04%
9,820
+140
+1% +$8.33K
ACHC icon
782
Acadia Healthcare
ACHC
$2.82B
$571K 0.04%
16,350
+260
+2% +$8.41K
TCBI icon
783
Texas Capital Bancshares
TCBI
$4.38B
$570K 0.04%
9,290
+140
+2% +$8.51K
AFL icon
784
Aflac
AFL
$60.7B
$569K 0.04%
10,390
+80
+0.8% +$4.12K
BHE icon
785
Benchmark Electronics
BHE
$2.89B
$567K 0.04%
22,550
+10,600
+89% +$272K
OSIS icon
786
OSI Systems
OSIS
$3.77B
$567K 0.04%
5,030
+80
+2% +$8.06K
EMR icon
787
Emerson Electric
EMR
$91.6B
$566K 0.04%
8,480
– –
FANG icon
788
Diamondback Energy
FANG
$55.9B
$566K 0.04%
5,200
+3,110
+149% +$325K
STX icon
789
Seagate
STX
$209B
$565K 0.04%
11,980
– –
THO icon
790
Thor Industries
THO
$4.11B
$565K 0.04%
9,670
+100
+1% +$6.07K
GCI
791
DELISTED
Gannett Co., Inc
GCI
$565K 0.04%
69,310
+12,040
+21% +$107K
HVT icon
792
Haverty Furniture Companies
HVT
$450M
$564K 0.04%
33,090
-2,880
-8% -$56.7K
NMIH icon
793
NMI Holdings
NMIH
$3.42B
$564K 0.04%
19,870
-52,850
-73% -$1.47M
ALRM icon
794
Alarm.com
ALRM
$2.74B
$563K 0.04%
10,520
+180
+2% +$11.1K
CRAI icon
795
CRA International
CRAI
$1.07B
$563K 0.04%
+14,680
New +$634K
FRST icon
796
Primis Financial Corp
FRST
$413M
$563K 0.04%
+36,760
New +$542K
FIX icon
797
Comfort Systems
FIX
$60.8B
$562K 0.04%
11,030
-4,060
-27% -$209K
KMT icon
798
Kennametal
KMT
$2.32B
$562K 0.04%
15,200
+230
+2% +$8.35K
ABR icon
799
Arbor Realty Trust
ABR
$981M
$561K 0.04%
46,287
-49,500
-52% -$643K
SHAK icon
800
Shake Shack
SHAK
$2.98B
$561K 0.04%
7,770
+130
+2% +$8.02K
30 31
32
33 34

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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
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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 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.