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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
DG icon
926
Dollar General
DG
$26.9B
$492K 0.03%
3,640
-6,160
-63% -$778K
FFIC
927
DELISTED
Flushing Financial
FFIC
$492K 0.03%
22,140
-20,140
-48% -$444K
GNL icon
928
Global Net Lease
GNL
$1.9B
$492K 0.03%
25,080
-4,500
-15% -$85.7K
SAFM
929
DELISTED
Sanderson Farms Inc
SAFM
$492K 0.03%
3,600
-60
-2% -$8.51K
NBTB icon
930
NBT Bancorp
NBTB
$2.79B
$491K 0.03%
13,080
-2,140
-14% -$79.5K
NSA
931
DELISTED
National Storage Affiliates Trust
NSA
$491K 0.03%
16,960
+380
+2% +$11.1K
MATW icon
932
Matthews International
MATW
$722M
$490K 0.03%
14,060
+4,660
+50% +$171K
X
933
DELISTED
US Steel
X
$490K 0.03%
32,030
-290
-0.9% -$4.47K
WDR
934
DELISTED
Waddell & Reed Financial, Inc.
WDR
$490K 0.03%
29,420
+300
+1% +$5.23K
VSI
935
DELISTED
Vitamin Shoppe Inc.
VSI
$490K 0.03%
124,200
+119,680
+2,648% +$618K
PCH
936
DELISTED
PotlatchDeltic
PCH
$489K 0.03%
12,544
+230
+2% +$8.64K
APC
937
DELISTED
Anadarko Petroleum
APC
$488K 0.03%
6,920
-5,560
-45% -$373K
CADE
938
DELISTED
Cadence Bank
CADE
$487K 0.03%
16,770
+230
+1% +$6.67K
ENOV icon
939
Enovis
ENOV
$1.48B
$487K 0.03%
10,098
– –
DAL icon
940
Delta Air Lines
DAL
$60B
$486K 0.03%
8,560
+110
+1% +$6.16K
ARC
941
DELISTED
ARC Document Solutions, Inc.
ARC
$486K 0.03%
+238,310
New +$522K
OI icon
942
O-I Glass
OI
$1.05B
$485K 0.03%
28,100
– –
BRKL
943
DELISTED
Brookline Bancorp
BRKL
$484K 0.03%
31,470
+1,960
+7% +$29.2K
MLKN icon
944
MillerKnoll
MLKN
$1.62B
$484K 0.03%
10,820
– –
BEAT
945
DELISTED
BioTelemetry, Inc.
BEAT
$484K 0.03%
10,050
+170
+2% +$8.94K
DVN icon
946
Devon Energy
DVN
$48.8B
$483K 0.03%
16,940
+10,650
+169% +$317K
CSGS
947
DELISTED
CSG Systems International
CSGS
$482K 0.03%
9,870
-2,250
-19% -$103K
CVSA
948
Covista Inc
CVSA
$4.49B
$481K 0.03%
10,680
-30
-0.3% -$1.38K
FSS icon
949
Federal Signal
FSS
$7.51B
$481K 0.03%
17,990
+330
+2% +$8.66K
CHX
950
DELISTED
ChampionX
CHX
$480K 0.03%
14,300
+200
+1% +$7.26K
36 37
38
39 40

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.