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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
RHT
976
DELISTED
Red Hat Inc
RHT
$460K 0.03%
2,450
+60
+3% +$11.1K
XEC
977
DELISTED
CIMAREX ENERGY CO
XEC
$457K 0.03%
7,690
+3,080
+67% +$197K
CAC icon
978
Camden National
CAC
$996M
$456K 0.03%
+9,940
New +$434K
IMMR icon
979
Immersion
IMMR
$248M
$456K 0.03%
59,970
+22,400
+60% +$189K
ANF icon
980
Abercrombie & Fitch
ANF
$4.84B
$455K 0.03%
28,310
-4,310
-13% -$99.7K
CXW icon
981
CoreCivic
CXW
$3.13B
$455K 0.03%
21,940
+300
+1% +$6.46K
STZ icon
982
Constellation Brands
STZ
$23.3B
$455K 0.03%
2,310
-3,700
-62% -$722K
TTMI icon
983
TTM Technologies
TTMI
$14.6B
$455K 0.03%
44,670
+2,390
+6% +$26.5K
TVTY
984
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$455K 0.03%
27,725
+11,810
+74% +$228K
ENR icon
985
Energizer
ENR
$1.55B
$454K 0.03%
11,760
+170
+1% +$7.6K
FMNB icon
986
Farmers National Banc Corp
FMNB
$970M
$454K 0.03%
+30,630
New +$435K
MED icon
987
Medifast
MED
$128M
$454K 0.03%
3,540
+30
+0.9% +$4.17K
VTOL icon
988
Bristow Group
VTOL
$1.38B
$454K 0.03%
27,180
+4,925
+22% +$88K
HLX icon
989
Helix Energy Solutions
HLX
$1.49B
$453K 0.03%
52,420
+3,190
+6% +$24.8K
EPAC icon
990
Enerpac Tool Group
EPAC
$1.89B
$452K 0.03%
18,210
+310
+2% +$7.61K
GNK icon
991
Genco Shipping & Trading
GNK
$1.13B
$452K 0.03%
+53,570
New +$443K
UVV icon
992
Universal Corp
UVV
$1.12B
$452K 0.03%
7,440
-2,450
-25% -$137K
AZZ icon
993
AZZ Inc
AZZ
$4.52B
$451K 0.03%
9,790
+130
+1% +$5.82K
CVGW
994
DELISTED
Calavo Growers
CVGW
$451K 0.03%
4,660
+80
+2% +$7.48K
INVA icon
995
Innoviva
INVA
$1.5B
$451K 0.03%
30,980
-2,090
-6% -$29.6K
PTEN icon
996
Patterson-UTI
PTEN
$4.16B
$449K 0.03%
39,010
-630
-2% -$8.11K
YELP icon
997
Yelp
YELP
$1.32B
$449K 0.03%
13,140
-790
-6% -$27.3K
ABTX
998
DELISTED
Allegiance Bancshares
ABTX
$449K 0.03%
+13,470
New +$467K
PFSW
999
DELISTED
PFSweb, Inc.
PFSW
$449K 0.03%
+110,920
New +$477K
III icon
1000
Information Services Group
III
$250M
$448K 0.03%
+141,710
New +$478K
38 39
40
41 42

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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
PEA
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SUT
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MU
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WPL
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PVI
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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.