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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
JOUT icon
1151
Johnson Outdoors
JOUT
$512M
$371K 0.03%
4,970
+960
+24% +$73.9K
CHK
1152
DELISTED
Chesapeake Energy Corporation
CHK
$371K 0.03%
951
– –
RGR icon
1153
Sturm, Ruger & Co
RGR
$601M
$370K 0.03%
6,790
+1,670
+33% +$88.8K
DEA
1154
Easterly Government Properties
DEA
$1.18B
$369K 0.03%
8,140
-2,504
-24% -$114K
AMD icon
1155
Advanced Micro Devices
AMD
$789B
$368K 0.03%
12,120
+190
+2% +$5.42K
MDRX
1156
DELISTED
Veradigm Inc. Common Stock
MDRX
$368K 0.03%
31,630
– –
PEBO icon
1157
Peoples Bancorp
PEBO
$1.49B
$367K 0.03%
11,380
– –
SNBR
1158
DELISTED
Sleep Number
SNBR
$367K 0.03%
9,090
+120
+1% +$4.64K
AMSF icon
1159
AMERISAFE
AMSF
$504M
$366K 0.03%
5,740
+90
+2% +$5.39K
RCKY icon
1160
Rocky Brands
RCKY
$353M
$366K 0.03%
13,430
– –
MNTA
1161
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$365K 0.03%
29,340
+380
+1% +$5.04K
VRTU
1162
DELISTED
Virtusa Corporation
VRTU
$364K 0.03%
8,200
+130
+2% +$6.35K
HAIN icon
1163
Hain Celestial
HAIN
$53.9M
$363K 0.03%
16,560
+360
+2% +$7.9K
SXI icon
1164
Standex International
SXI
$3.97B
$363K 0.03%
4,960
+1,200
+32% +$84.8K
AVAV icon
1165
AeroVironment
AVAV
$9.59B
$362K 0.03%
6,370
-920
-13% -$60.6K
CPF icon
1166
Central Pacific Financial
CPF
$1B
$362K 0.03%
12,060
+80
+0.7% +$2.33K
PAYX icon
1167
Paychex
PAYX
$44.6B
$362K 0.03%
4,400
+70
+2% +$5.9K
WEC icon
1168
WEC Energy
WEC
$35.9B
$362K 0.03%
4,343
+70
+2% +$5.61K
MRTN icon
1169
Marten Transport
MRTN
$1.24B
$361K 0.03%
29,865
+5,970
+25% +$74.5K
IIPR icon
1170
Innovative Industrial Properties
IIPR
$1.67B
$360K 0.03%
2,910
+40
+1% +$3.67K
APOG icon
1171
Apogee Enterprises
APOG
$888M
$359K 0.03%
8,260
-3,810
-32% -$149K
NTWK icon
1172
NetSol Technologies
NTWK
$49.3M
$359K 0.03%
64,310
+18,240
+40% +$118K
TLRD
1173
DELISTED
Tailored Brands, Inc.
TLRD
$359K 0.03%
62,270
+33,400
+116% +$232K
SRCI
1174
DELISTED
SRC Energy Inc
SRCI
$359K 0.03%
72,450
-8,450
-10% -$46K
DHC
1175
Diversified Healthcare Trust
DHC
$2.03B
$358K 0.03%
43,340
– –
45 46
47
48 49

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.