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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
SPTN
101
DELISTED
SpartanNash
SPTN
$1.87M 0.13%
160,030
+149,500
+1,420% +$2.13M
CPT icon
102
Camden Property Trust
CPT
$10.9B
$1.86M 0.13%
17,870
+200
+1% +$20.5K
ITW icon
103
Illinois Tool Works
ITW
$83.3B
$1.84M 0.13%
12,190
+810
+7% +$122K
ELV icon
104
Elevance Health
ELV
$86.6B
$1.83M 0.13%
6,490
+2,990
+85% +$817K
TDY icon
105
Teledyne Technologies
TDY
$31.8B
$1.83M 0.13%
6,690
+70
+1% +$17.4K
LII icon
106
Lennox International
LII
$14.5B
$1.82M 0.13%
6,630
+20
+0.3% +$5.45K
Y
107
DELISTED
Alleghany Corp
Y
$1.82M 0.13%
2,670
+20
+0.8% +$13.3K
RGA icon
108
Reinsurance Group of America
RGA
$16.1B
$1.81M 0.13%
11,610
+170
+1% +$25.4K
TFC icon
109
Truist Financial
TFC
$64.3B
$1.79M 0.13%
36,510
-1,070
-3% -$52.4K
ODFL icon
110
Old Dominion Freight Line
ODFL
$44.1B
$1.79M 0.13%
36,000
+240
+0.7% +$11.7K
MYRG icon
111
MYR Group
MYRG
$5.18B
$1.78M 0.12%
47,780
+8,810
+23% +$307K
COP icon
112
ConocoPhillips
COP
$153B
$1.78M 0.12%
29,180
+4,920
+20% +$306K
ISRG icon
113
Intuitive Surgical
ISRG
$142B
$1.78M 0.12%
10,170
+2,340
+30% +$401K
CAT icon
114
Caterpillar
CAT
$393B
$1.78M 0.12%
13,040
– –
PTC icon
115
PTC
PTC
$16.1B
$1.77M 0.12%
19,740
+270
+1% +$24.2K
WRB icon
116
W.R. Berkley
WRB
$25.9B
$1.76M 0.12%
60,154
+788
+1% +$21.6K
UGI icon
117
UGI
UGI
$7.53B
$1.72M 0.12%
32,140
+450
+1% +$23.9K
WST icon
118
West Pharmaceutical
WST
$24.8B
$1.72M 0.12%
13,720
+220
+2% +$26K
CMI icon
119
Cummins
CMI
$87.8B
$1.71M 0.12%
9,990
+2,210
+28% +$362K
AEE icon
120
Ameren
AEE
$30.1B
$1.71M 0.12%
22,700
+4,200
+23% +$310K
PBCT
121
DELISTED
People's United Financial Inc
PBCT
$1.7M 0.12%
101,560
+17,560
+21% +$292K
RTN
122
DELISTED
Raytheon Company
RTN
$1.7M 0.12%
9,790
+430
+5% +$77.4K
LYV icon
123
Live Nation Entertainment
LYV
$43.2B
$1.69M 0.12%
25,570
+360
+1% +$23.1K
TROW icon
124
T. Rowe Price
TROW
$23.8B
$1.69M 0.12%
15,410
-2,510
-14% -$264K
DTE icon
125
DTE Energy
DTE
$28.9B
$1.69M 0.12%
15,487
-2,514
-14% -$270K
3 4
5
6 7

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SFM
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AI
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HI
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PEA
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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.