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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
MTRN icon
1076
Materion
MTRN
$5.88B
$409K 0.03%
6,030
-1,710
-22% -$108K
TTSH
1077
DELISTED
Tile Shop Holdings
TTSH
$408K 0.03%
101,960
+90,850
+818% +$432K
WMC
1078
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$408K 0.03%
+4,089
New +$415K
MDP
1079
DELISTED
Meredith Corporation
MDP
$407K 0.03%
7,390
+120
+2% +$6.72K
NCI
1080
DELISTED
Navigant Consulting, Inc.
NCI
$407K 0.03%
17,560
+1,610
+10% +$35.6K
UFPT icon
1081
UFP Technologies
UFPT
$2.48B
$406K 0.03%
+9,760
New +$370K
ALXN
1082
DELISTED
Alexion Pharmaceuticals
ALXN
$406K 0.03%
3,100
+80
+3% +$10.3K
TIF
1083
DELISTED
Tiffany & Co.
TIF
$405K 0.03%
4,330
+40
+0.9% +$3.98K
MINI
1084
DELISTED
Mobile Mini Inc
MINI
$405K 0.03%
13,310
-1,980
-13% -$65.7K
VSH icon
1085
Vishay Intertechnology
VSH
$5.11B
$404K 0.03%
24,450
+360
+1% +$6.35K
DCOM icon
1086
Dime Commercial Bancshares
DCOM
$1.82B
$403K 0.03%
+13,680
New +$406K
KBH icon
1087
KB Home
KBH
$3.45B
$402K 0.03%
15,610
– –
ONDK
1088
DELISTED
On Deck Capital, Inc.
ONDK
$401K 0.03%
+96,660
New +$456K
HBI
1089
DELISTED
Hanesbrands
HBI
$399K 0.03%
23,120
+5,870
+34% +$101K
ORLY icon
1090
O'Reilly Automotive
ORLY
$74.9B
$399K 0.03%
16,200
– –
PRSU
1091
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$399K 0.03%
6,020
+100
+2% +$6.17K
APT icon
1092
Alpha Pro Tech
APT
$55.7M
$398K 0.03%
116,670
– –
ENTA icon
1093
Enanta Pharmaceuticals
ENTA
$391M
$397K 0.03%
4,710
-1,070
-19% -$96.3K
HLT icon
1094
Hilton Worldwide
HLT
$72.2B
$397K 0.03%
4,060
+50
+1% +$4.54K
KSS icon
1095
Kohl's
KSS
$2.22B
$397K 0.03%
8,350
+1,340
+19% +$80.8K
IEC
1096
DELISTED
IEC Electronics Corp.
IEC
$397K 0.03%
+63,250
New +$418K
LGIH icon
1097
LGI Homes
LGIH
$1.37B
$396K 0.03%
5,550
-5,300
-49% -$368K
TRMK icon
1098
Trustmark
TRMK
$2.8B
$396K 0.03%
11,900
-250
-2% -$8.45K
HA
1099
DELISTED
Hawaiian Holdings, Inc.
HA
$396K 0.03%
14,420
+190
+1% +$5.16K
NBL
1100
DELISTED
Noble Energy, Inc.
NBL
$395K 0.03%
17,640
+2,620
+17% +$62.2K
42 43
44
45 46

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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.