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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
INN
1176
Summit Hotel Properties
INN
$656M
$358K 0.03%
31,210
+500
+2% +$5.89K
TEX icon
1177
Terex
TEX
$7.57B
$356K 0.02%
11,330
– –
USAK
1178
DELISTED
USA Truck Inc
USAK
$356K 0.02%
35,260
+6,300
+22% +$83K
MCK icon
1179
McKesson
MCK
$99.9B
$355K 0.02%
2,640
– –
GFF icon
1180
Griffon
GFF
$4.8B
$354K 0.02%
20,950
+10,780
+106% +$184K
MSTR icon
1181
Strategy Inc
MSTR
$38.2B
$354K 0.02%
24,700
+500
+2% +$7.06K
CVLT icon
1182
Commault Systems
CVLT
$6.26B
$352K 0.02%
7,090
– –
DLTR icon
1183
Dollar Tree
DLTR
$24.9B
$352K 0.02%
3,277
-2,890
-47% -$304K
GCO icon
1184
Genesco
GCO
$394M
$352K 0.02%
8,330
+2,450
+42% +$108K
IQV icon
1185
IQVIA
IQV
$39.8B
$351K 0.02%
2,180
+40
+2% +$5.61K
SBAC icon
1186
SBA Communications
SBAC
$19.8B
$351K 0.02%
1,560
+30
+2% +$6.33K
PDCO
1187
DELISTED
Patterson Companies, Inc.
PDCO
$350K 0.02%
15,270
+310
+2% +$6.89K
TWTR
1188
DELISTED
Twitter, Inc.
TWTR
$350K 0.02%
10,020
+230
+2% +$8.44K
GPN icon
1189
Global Payments
GPN
$25.1B
$349K 0.02%
2,180
+40
+2% +$5.95K
NBR icon
1190
Nabors Industries
NBR
$1.35B
$349K 0.02%
2,406
+486
+25% +$77.6K
VBTX
1191
DELISTED
Veritex Holdings
VBTX
$349K 0.02%
13,451
-26,760
-67% -$693K
LUV icon
1192
Southwest Airlines
LUV
$22B
$348K 0.02%
6,850
– –
VREX icon
1193
Varex Imaging
VREX
$780M
$348K 0.02%
11,350
+180
+2% +$5.49K
ESTE
1194
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$348K 0.02%
+56,850
New +$372K
CORT icon
1195
Corcept Therapeutics
CORT
$11.9B
$347K 0.02%
31,100
+300
+1% +$3.34K
SMP icon
1196
Standard Motor Products
SMP
$870M
$347K 0.02%
7,660
+1,740
+29% +$83.3K
SBOW
1197
DELISTED
SilverBow Resources, Inc.
SBOW
$347K 0.02%
+25,070
New +$425K
BID
1198
DELISTED
Sotheby's
BID
$346K 0.02%
5,960
– –
CMP icon
1199
Compass Minerals
CMP
$1.1B
$344K 0.02%
6,260
+130
+2% +$7.18K
MNST icon
1200
Monster Beverage
MNST
$91.4B
$344K 0.02%
21,560
– –
46 47
48
49 50

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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.