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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
THS
801
DELISTED
Treehouse Foods
THS
$560K 0.04%
10,350
+140
+1% +$8.17K
FCPT icon
802
Four Corners Property Trust
FCPT
$2.76B
$559K 0.04%
20,446
+350
+2% +$10K
NUVA
803
DELISTED
NuVasive, Inc.
NUVA
$559K 0.04%
9,550
+180
+2% +$10.6K
BRT
804
BRT Apartments
BRT
$269M
$557K 0.04%
39,440
+9,080
+30% +$124K
AKS
805
DELISTED
AK Steel Holding Corp
AKS
$556K 0.04%
234,690
+142,200
+154% +$331K
CZR icon
806
Caesars Entertainment
CZR
$6.04B
$554K 0.04%
12,030
+180
+2% +$8.82K
F icon
807
Ford
F
$55.4B
$554K 0.04%
54,130
+1,240
+2% +$12.2K
HOMB icon
808
Home BancShares
HOMB
$6.27B
$553K 0.04%
28,690
-310
-1% -$5.78K
CUB
809
DELISTED
Cubic Corporation
CUB
$553K 0.04%
8,570
+200
+2% +$11.7K
ALGT icon
810
Allegiant Air
ALGT
$2.36B
$552K 0.04%
3,850
+70
+2% +$9.81K
GHC icon
811
Graham Holdings Company
GHC
$4.97B
$552K 0.04%
800
+10
+1% +$6.98K
BAX icon
812
Baxter International
BAX
$14B
$549K 0.04%
6,700
-21,040
-76% -$1.63M
NAVI icon
813
Navient
NAVI
$867M
$549K 0.04%
40,230
+430
+1% +$5.61K
ACA icon
814
Arcosa
ACA
$7.12B
$548K 0.04%
14,550
+310
+2% +$10.6K
CSTE icon
815
Caesarstone
CSTE
$105M
$548K 0.04%
+36,470
New +$545K
FIS icon
816
Fidelity National Information Services
FIS
$22.8B
$548K 0.04%
4,470
+40
+0.9% +$4.7K
MAR icon
817
Marriott International
MAR
$91.9B
$548K 0.04%
3,904
+70
+2% +$9.29K
FDX icon
818
FedEx
FDX
$80.3B
$547K 0.04%
3,330
-3,750
-53% -$657K
FELE icon
819
Franklin Electric
FELE
$4.68B
$546K 0.04%
11,490
+120
+1% +$5.68K
ENS icon
820
EnerSys
ENS
$7.2B
$545K 0.04%
7,960
+90
+1% +$5.88K
HTBK
821
DELISTED
Heritage Commerce
HTBK
$545K 0.04%
+44,480
New +$547K
AVTA
822
DELISTED
Avantax, Inc. Common Stock
AVTA
$545K 0.04%
17,950
-38,750
-68% -$1.28M
CORE
823
DELISTED
Core Mark Holding Co., Inc.
CORE
$545K 0.04%
13,720
+320
+2% +$12K
CRZO
824
DELISTED
Carrizo Oil & Gas Inc
CRZO
$545K 0.04%
54,440
+8,240
+18% +$94.9K
DXC icon
825
DXC Technology
DXC
$1.79B
$543K 0.04%
9,848
+6,060
+160% +$351K
31 32
33
34 35

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.