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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
EQBK icon
1126
Equity Bancshares
EQBK
$1.07B
$383K 0.03%
+14,350
New +$383K
IDCC icon
1127
InterDigital
IDCC
$8.88B
$383K 0.03%
5,950
-220
-4% -$14.7K
OXM icon
1128
Oxford Industries
OXM
$542M
$383K 0.03%
5,050
+80
+2% +$6.12K
AVNS
1129
DELISTED
Avanos Medical
AVNS
$382K 0.03%
8,770
+180
+2% +$7.7K
PLUS icon
1130
ePlus
PLUS
$2.31B
$382K 0.03%
11,080
+3,040
+38% +$126K
ARCB icon
1131
ArcBest
ARCB
$3.28B
$381K 0.03%
13,550
-2,400
-15% -$69.8K
BJRI icon
1132
BJ's Restaurants
BJRI
$1.42B
$381K 0.03%
8,660
+1,000
+13% +$45.8K
MTDR icon
1133
Matador Resources
MTDR
$6.39B
$381K 0.03%
19,150
+400
+2% +$7.59K
PENN icon
1134
PENN Entertainment
PENN
$2.53B
$380K 0.03%
19,720
– –
PRAA icon
1135
PRA Group
PRAA
$762M
$380K 0.03%
13,490
-3,250
-19% -$91.9K
UE icon
1136
Urban Edge Properties
UE
$2.78B
$380K 0.03%
21,930
+1,090
+5% +$19.9K
ADEA icon
1137
Adeia
ADEA
$3.16B
$379K 0.03%
69,552
+15,876
+30% +$95.4K
IBP icon
1138
Installed Building Products
IBP
$6.54B
$379K 0.03%
6,400
-2,530
-28% -$133K
PPG icon
1139
PPG Industries
PPG
$25.5B
$379K 0.03%
3,250
-8,550
-72% -$975K
VTRS icon
1140
Viatris
VTRS
$18.4B
$379K 0.03%
19,880
+12,950
+187% +$286K
KRG icon
1141
Kite Realty
KRG
$5.31B
$378K 0.03%
24,970
+430
+2% +$6.79K
MSI icon
1142
Motorola Solutions
MSI
$77B
$378K 0.03%
2,270
+60
+3% +$9.04K
ADAM
1143
Adamas Trust
ADAM
$907M
$378K 0.03%
15,225
+1,585
+12% +$39.1K
WLY icon
1144
John Wiley & Sons Class A
WLY
$2.63B
$378K 0.03%
8,250
– –
CHCO icon
1145
City Holding Co
CHCO
$2.08B
$377K 0.03%
4,950
+70
+1% +$5.39K
IBOC icon
1146
International Bancshares
IBOC
$4.57B
$377K 0.03%
10,010
– –
OPI
1147
DELISTED
Office Properties Income Trust
OPI
$376K 0.03%
14,320
-4,594
-24% -$121K
WYNN icon
1148
Wynn Resorts
WYNN
$10.5B
$375K 0.03%
3,020
+1,700
+129% +$219K
FFWM
1149
DELISTED
First Foundation Inc
FFWM
$374K 0.03%
+27,800
New +$383K
OII icon
1150
Oceaneering
OII
$5.11B
$373K 0.03%
18,270
+430
+2% +$7.61K
44 45
46
47 48

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.