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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
LLY icon
76
Eli Lilly
LLY
$1.09T
$2.21M 0.15%
19,920
-21,900
-52% -$2.58M
PNC icon
77
PNC Financial Services
PNC
$102B
$2.21M 0.15%
16,070
+2,160
+16% +$286K
GS icon
78
Goldman Sachs
GS
$302B
$2.2M 0.15%
10,730
-650
-6% -$129K
KMI icon
79
Kinder Morgan
KMI
$70.7B
$2.16M 0.15%
103,450
+77,760
+303% +$1.57M
LDOS icon
80
Leidos
LDOS
$17.6B
$2.16M 0.15%
27,020
+290
+1% +$21.2K
COF icon
81
Capital One
COF
$136B
$2.16M 0.15%
23,770
+5,160
+28% +$461K
APH icon
82
Amphenol
APH
$210B
$2.14M 0.15%
89,240
-32,320
-27% -$778K
NVR icon
83
NVR
NVR
$16.8B
$2.12M 0.15%
630
+10
+2% +$32.1K
DPZ icon
84
Domino's
DPZ
$11.7B
$2.11M 0.15%
7,590
+80
+1% +$21.9K
BKNG icon
85
Booking.com
BKNG
$159B
$2.1M 0.15%
28,000
+12,250
+78% +$880K
TRMB icon
86
Trimble
TRMB
$13.1B
$2.1M 0.15%
46,500
+720
+2% +$29.9K
ZBRA icon
87
Zebra Technologies
ZBRA
$17.9B
$2.09M 0.15%
9,960
+110
+1% +$22.2K
D icon
88
Dominion Energy
D
$59.8B
$2.08M 0.14%
26,838
+720
+3% +$54.9K
CL icon
89
Colgate-Palmolive
CL
$73.6B
$2.05M 0.14%
28,570
+16,830
+143% +$1.19M
TEL icon
90
TE Connectivity
TEL
$62B
$2.03M 0.14%
21,210
-5,340
-20% -$482K
BNY
91
Bank of New York Mellon
BNY
$111B
$2.02M 0.14%
45,870
+9,220
+25% +$433K
FDS icon
92
Factset
FDS
$9.89B
$2.02M 0.14%
7,030
+100
+1% +$27.7K
MET icon
93
MetLife
MET
$61.4B
$2.01M 0.14%
40,470
+6,540
+19% +$307K
ETN icon
94
Eaton
ETN
$179B
$2.01M 0.14%
24,110
-640
-3% -$51.8K
MS icon
95
Morgan Stanley
MS
$342B
$2M 0.14%
45,700
-1,800
-4% -$80.3K
IMKTA icon
96
Ingles Markets
IMKTA
$1.66B
$2M 0.14%
64,110
+3,990
+7% +$117K
BMY icon
97
Bristol-Myers Squibb
BMY
$130B
$1.93M 0.13%
42,560
+20,460
+93% +$953K
SPG icon
98
Simon Property Group
SPG
$71.4B
$1.89M 0.13%
11,820
+7,630
+182% +$1.31M
ETR icon
99
Entergy
ETR
$50.3B
$1.88M 0.13%
36,480
+31,580
+644% +$1.54M
GD icon
100
General Dynamics
GD
$107B
$1.87M 0.13%
10,310
+6,540
+173% +$1.13M
2 3
4
5 6

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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
HI
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PEA
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SUT
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MU
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WPL
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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.