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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
SLGN icon
1026
Silgan Holdings
SLGN
$4.46B
$432K 0.03%
14,120
– –
GDOT icon
1027
Green Dot
GDOT
$770M
$431K 0.03%
8,810
+160
+2% +$8.71K
TBCH
1028
Turtle Beach Corp
TBCH
$230M
$430K 0.03%
+37,190
New +$394K
BBT
1029
Beacon Financial Corp
BBT
$2.71B
$429K 0.03%
13,660
-500
-4% -$14.9K
PVH icon
1030
PVH
PVH
$3.77B
$429K 0.03%
4,530
-1,760
-28% -$195K
WDC icon
1031
Western Digital
WDC
$168B
$429K 0.03%
11,936
-4,776
-29% -$164K
CLB icon
1032
Core Laboratories
CLB
$569M
$428K 0.03%
8,190
+130
+2% +$7.63K
SPXC icon
1033
SPX Corp
SPXC
$10.6B
$428K 0.03%
12,960
+240
+2% +$8.01K
CVET
1034
DELISTED
Covetrus, Inc. Common Stock
CVET
$428K 0.03%
17,490
-1
-0% -$29
HUBG icon
1035
HUB Group
HUBG
$2.55B
$427K 0.03%
20,320
-12,780
-39% -$268K
LGND icon
1036
Ligand Pharmaceuticals
LGND
$5.76B
$427K 0.03%
5,995
– –
MNDO icon
1037
Mind CTI
MNDO
$20.6M
$427K 0.03%
191,480
+52,350
+38% +$114K
CTRN icon
1038
Citi Trends
CTRN
$621M
$426K 0.03%
29,150
+9,660
+50% +$165K
GES
1039
DELISTED
Guess Inc
GES
$426K 0.03%
26,420
+9,890
+60% +$171K
ALOT icon
1040
AstroNova
ALOT
$227M
$425K 0.03%
+16,460
New +$418K
DCH
1041
Dauch Corp
DCH
$1.6B
$425K 0.03%
33,280
-36,470
-52% -$475K
CENTA icon
1042
Central Garden & Pet Co Class A
CENTA
$2.41B
$425K 0.03%
21,588
+1,800
+9% +$36.2K
FTNT icon
1043
Fortinet
FTNT
$121B
$425K 0.03%
27,700
-8,500
-23% -$140K
GPI icon
1044
Group 1 Automotive
GPI
$3.14B
$425K 0.03%
5,190
-9,560
-65% -$719K
GRBK icon
1045
Green Brick Partners
GRBK
$3.04B
$425K 0.03%
51,190
+11,220
+28% +$101K
CNOB icon
1046
Center Bancorp
CNOB
$1.81B
$424K 0.03%
+18,710
New +$403K
TT icon
1047
Trane Technologies
TT
$105B
$424K 0.03%
3,350
+20
+0.6% +$2.39K
XEL icon
1048
Xcel Energy
XEL
$49.3B
$424K 0.03%
7,120
-23,530
-77% -$1.35M
CRAY
1049
DELISTED
Cray, Inc.
CRAY
$424K 0.03%
12,180
+210
+2% +$6.5K
KTB icon
1050
Kontoor Brands
KTB
$4.65B
$423K 0.03%
+15,115
New +$449K
40 41
42
43 44

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.