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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
BYD icon
1101
Boyd Gaming
BYD
$6.05B
$394K 0.03%
14,630
– –
CROX icon
1102
Crocs
CROX
$6.36B
$393K 0.03%
19,880
+180
+0.9% +$4.17K
ECOL
1103
DELISTED
US Ecology, Inc.
ECOL
$393K 0.03%
6,600
+140
+2% +$8.26K
MATV icon
1104
Mativ Holdings
MATV
$667M
$392K 0.03%
11,820
-1,500
-11% -$50.8K
FOE
1105
DELISTED
Ferro Corporation
FOE
$392K 0.03%
+24,800
New +$398K
RMBS icon
1106
Rambus
RMBS
$10.8B
$391K 0.03%
32,480
+420
+1% +$4.81K
LBC
1107
DELISTED
Luther Burbank Corporation Common Stock
LBC
$391K 0.03%
+35,910
New +$374K
ADNT icon
1108
Adient
ADNT
$1.54B
$390K 0.03%
16,080
+350
+2% +$7.2K
AVB icon
1109
AvalonBay Communities
AVB
$26.3B
$390K 0.03%
1,920
+50
+3% +$10.1K
OKE icon
1110
Oneok
OKE
$58.4B
$389K 0.03%
5,660
-15,940
-74% -$1.07M
PDEX icon
1111
Pro-Dex
PDEX
$217M
$389K 0.03%
+30,000
New +$418K
SBCF icon
1112
Seacoast Banking Corp of Florida
SBCF
$3.48B
$389K 0.03%
15,290
+260
+2% +$6.75K
VRE
1113
DELISTED
Veris Residential
VRE
$389K 0.03%
16,700
+350
+2% +$8.03K
CMC icon
1114
Commercial Metals
CMC
$7.98B
$388K 0.03%
21,750
+450
+2% +$7.36K
ED icon
1115
Consolidated Edison
ED
$40.1B
$388K 0.03%
4,420
-15,640
-78% -$1.35M
JACK icon
1116
Jack in the Box
JACK
$358M
$388K 0.03%
4,770
+110
+2% +$8.89K
CYBE
1117
DELISTED
Cyberoptics Corp
CYBE
$388K 0.03%
+23,930
New +$403K
APA icon
1118
APA Corp
APA
$14B
$387K 0.03%
13,360
+2,910
+28% +$90.5K
EQR icon
1119
Equity Residential
EQR
$24.7B
$386K 0.03%
5,090
+100
+2% +$7.64K
ROCK icon
1120
Gibraltar Industries
ROCK
$1.45B
$386K 0.03%
9,560
-2,310
-19% -$89.8K
ALSK
1121
DELISTED
Alaska Communications Systems
ALSK
$386K 0.03%
225,890
-44,700
-17% -$78.1K
STI
1122
DELISTED
SunTrust Banks, Inc.
STI
$386K 0.03%
6,140
-17,140
-74% -$1.08M
AZO icon
1123
AutoZone
AZO
$49.6B
$385K 0.03%
350
+10
+3% +$10.5K
CTVA icon
1124
Corteva
CTVA
$50.6B
$385K 0.03%
+13,017
New +$350K
RAVN
1125
DELISTED
Raven Industries Inc
RAVN
$384K 0.03%
10,710
+170
+2% +$6.23K
43 44
45
46 47

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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
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
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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.