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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
MERC icon
1051
Mercer International
MERC
$33.8M
$422K 0.03%
27,280
+14,670
+116% +$221K
CRS icon
1052
Carpenter Technology
CRS
$26.6B
$420K 0.03%
8,760
+180
+2% +$8.47K
JRVR icon
1053
James River Group Holdings
JRVR
$200M
$420K 0.03%
8,960
+180
+2% +$7.83K
CLNE icon
1054
Clean Energy Fuels
CLNE
$395M
$419K 0.03%
+156,810
New +$456K
SPWH icon
1055
Sportsman's Warehouse
SPWH
$46.8M
$419K 0.03%
110,950
– –
WNEB icon
1056
Western New England Bancorp
WNEB
$282M
$419K 0.03%
+44,810
New +$422K
BPFH
1057
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$419K 0.03%
34,730
+10,000
+40% +$112K
RDI icon
1058
Reading International Class A
RDI
$33.2M
$418K 0.03%
32,210
+9,290
+41% +$134K
TMP icon
1059
Tompkins Financial
TMP
$1.45B
$418K 0.03%
5,120
+1,490
+41% +$118K
HTB
1060
HomeTrust Bancshares
HTB
$837M
$417K 0.03%
+16,590
New +$417K
COKE icon
1061
Coca-Cola Consolidated
COKE
$12.7B
$416K 0.03%
13,900
+300
+2% +$9.4K
GVA icon
1062
Granite Construction
GVA
$5.41B
$416K 0.03%
8,630
+140
+2% +$6.12K
HCSG icon
1063
Healthcare Services Group
HCSG
$1.45B
$414K 0.03%
13,640
+190
+1% +$6.28K
PPBI
1064
DELISTED
Pacific Premier Bancorp
PPBI
$414K 0.03%
13,400
+210
+2% +$6.19K
CAR icon
1065
Avis
CAR
$4.84B
$413K 0.03%
11,760
– –
EIG icon
1066
Employers Holdings
EIG
$871M
$413K 0.03%
9,780
-1,910
-16% -$79.9K
FSP
1067
Franklin Street Properties
FSP
$46.4M
$412K 0.03%
55,790
+24,360
+78% +$185K
PEG icon
1068
Public Service Enterprise Group
PEG
$37.8B
$412K 0.03%
7,000
+110
+2% +$6.55K
SAFT icon
1069
Safety Insurance
SAFT
$1.52B
$412K 0.03%
4,330
+70
+2% +$6.51K
ACRE
1070
Ares Commercial Real Estate
ACRE
$264M
$411K 0.03%
27,650
-23,390
-46% -$353K
MD icon
1071
Pediatrix Medical
MD
$2.14B
$411K 0.03%
16,300
– –
SVBI
1072
DELISTED
Severn Bancorp Inc/MD
SVBI
$411K 0.03%
+47,330
New +$421K
TACO
1073
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$411K 0.03%
32,050
– –
FBC
1074
DELISTED
Flagstar Bancorp, Inc. New
FBC
$411K 0.03%
12,390
+3,770
+44% +$126K
GENC icon
1075
Gencor Industries
GENC
$264M
$409K 0.03%
31,490
– –
41 42
43
44 45

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VAS
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SFM
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AI
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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.