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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
UTMD icon
901
Utah Medical Products
UTMD
$230M
$505K 0.04%
+5,280
New +$445K
CATY icon
902
Cathay General Bancorp
CATY
$4.31B
$504K 0.04%
14,040
– –
SCSC icon
903
Scansource
SCSC
$1.06B
$503K 0.04%
15,460
+930
+6% +$31.6K
FCX icon
904
Freeport-McMoran
FCX
$93.6B
$501K 0.04%
43,140
+450
+1% +$5.24K
HCA icon
905
HCA Healthcare
HCA
$89.1B
$500K 0.03%
3,700
-4,330
-54% -$547K
NOV icon
906
NOV
NOV
$7.36B
$500K 0.03%
22,490
+8,400
+60% +$203K
SAIA icon
907
Saia
SAIA
$10.1B
$500K 0.03%
7,730
-3,530
-31% -$226K
TBI
908
Trueblue
TBI
$309M
$500K 0.03%
22,700
+120
+0.5% +$2.78K
MATX icon
909
Matsons
MATX
$6.39B
$498K 0.03%
12,810
+290
+2% +$11K
REZI icon
910
Resideo Technologies
REZI
$3.1B
$498K 0.03%
22,730
-3,056
-12% -$64.6K
RL icon
911
Ralph Lauren
RL
$23.1B
$498K 0.03%
4,380
+620
+16% +$74.3K
ABG icon
912
Asbury Automotive
ABG
$3.78B
$497K 0.03%
5,890
-7,080
-55% -$552K
SYKE
913
DELISTED
SYKES Enterprises Inc
SYKE
$497K 0.03%
18,120
+1,530
+9% +$41.2K
CNO icon
914
CNO Financial Group
CNO
$5.07B
$496K 0.03%
29,710
-310
-1% -$5.13K
HWM icon
915
Howmet Aerospace
HWM
$113B
$496K 0.03%
25,050
+17,513
+232% +$296K
EPAY
916
DELISTED
Bottomline Technologies Inc
EPAY
$496K 0.03%
11,210
+200
+2% +$9.29K
PSA icon
917
Public Storage
PSA
$61.4B
$495K 0.03%
2,080
+40
+2% +$9.17K
STBA icon
918
S&T Bancorp
STBA
$1.82B
$495K 0.03%
13,200
+2,940
+29% +$114K
WABC icon
919
Westamerica Bancorp
WABC
$1.39B
$495K 0.03%
8,040
+140
+2% +$8.71K
ADSK icon
920
Autodesk
ADSK
$54.5B
$494K 0.03%
3,030
+70
+2% +$11.8K
FISV
921
Fiserv Inc
FISV
$29.5B
$494K 0.03%
5,420
+30
+0.6% +$2.63K
HMN icon
922
Horace Mann Educators
HMN
$2.1B
$494K 0.03%
12,260
+260
+2% +$10.2K
TTWO icon
923
Take-Two Interactive
TTWO
$45.2B
$494K 0.03%
4,350
+2,820
+184% +$290K
MRO
924
DELISTED
Marathon Oil Corporation
MRO
$494K 0.03%
34,740
+12,120
+54% +$187K
LPSN icon
925
LivePerson
LPSN
$35.9M
$493K 0.03%
1,173
+20
+2% +$8.53K
35 36
37
38 39

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.