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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
EBF icon
951
Ennis
EBF
$559M
$479K 0.03%
23,320
– –
LRN icon
952
Stride
LRN
$3.48B
$479K 0.03%
15,740
-18,470
-54% -$594K
RWT
953
Redwood Trust
RWT
$599M
$478K 0.03%
28,900
-4,950
-15% -$80.2K
CRUS icon
954
Cirrus Logic
CRUS
$6.08B
$477K 0.03%
10,910
– –
THFF icon
955
First Financial Corp
THFF
$975M
$475K 0.03%
+11,820
New +$476K
ALL icon
956
Allstate
ALL
$65.9B
$474K 0.03%
4,660
-17,530
-79% -$1.71M
EFII
957
DELISTED
Electronics for Imaging
EFII
$474K 0.03%
12,830
– –
EHTH icon
958
eHealth
EHTH
$38.8M
$473K 0.03%
5,490
+120
+2% +$8.08K
DKS icon
959
Dick's Sporting Goods
DKS
$18.1B
$472K 0.03%
13,640
+190
+1% +$6.96K
USAP
960
DELISTED
Universal Stainless & Alloy
USAP
$472K 0.03%
29,500
+15,390
+109% +$230K
TSC
961
DELISTED
TriState Capital Holdings, Inc.
TSC
$471K 0.03%
+22,090
New +$484K
EGLE
962
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$471K 0.03%
+12,830
New +$454K
QRVO icon
963
Qorvo
QRVO
$8.68B
$470K 0.03%
7,050
+5,370
+320% +$373K
RGNX icon
964
Regenxbio
RGNX
$704M
$470K 0.03%
9,150
+160
+2% +$7.99K
WMB icon
965
Williams Companies
WMB
$89.3B
$470K 0.03%
16,770
+380
+2% +$10.6K
CBM
966
DELISTED
Cambrex Corporation
CBM
$470K 0.03%
10,050
+210
+2% +$8.81K
KEM
967
DELISTED
KEMET Corporation
KEM
$470K 0.03%
24,960
+8,120
+48% +$142K
SFBS
968
ServisFirst Bancshares
SFBS
$5B
$469K 0.03%
13,700
+270
+2% +$9.02K
SWBI icon
969
Smith & Wesson
SWBI
$643M
$468K 0.03%
67,535
– –
YUM icon
970
Yum! Brands
YUM
$41.2B
$468K 0.03%
4,230
-12,730
-75% -$1.32M
GEO icon
971
The GEO Group
GEO
$4B
$467K 0.03%
22,205
– –
MUSA icon
972
Murphy USA
MUSA
$10.4B
$466K 0.03%
5,550
+80
+1% +$6.7K
USPH icon
973
US Physical Therapy
USPH
$1.24B
$463K 0.03%
3,780
+60
+2% +$6.89K
PLCE icon
974
Children's Place
PLCE
$53.4M
$462K 0.03%
4,840
+80
+2% +$8.17K
TCO
975
DELISTED
Taubman Centers Inc.
TCO
$461K 0.03%
11,300
+170
+2% +$8.18K
37 38
39
40 41

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.