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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
VRSN icon
1276
VeriSign
VRSN
$26B
$305K 0.02%
1,460
+20
+1% +$3.93K
CATM
1277
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$305K 0.02%
11,160
+210
+2% +$6.82K
FL
1278
DELISTED
Foot Locker
FL
$304K 0.02%
7,250
+2,840
+64% +$148K
AORT icon
1279
Artivion
AORT
$1.39B
$303K 0.02%
10,140
+130
+1% +$3.86K
PBH icon
1280
Prestige Consumer Healthcare
PBH
$2.43B
$303K 0.02%
9,580
+210
+2% +$6.24K
EGY icon
1281
Vaalco Energy
EGY
$592M
$302K 0.02%
180,690
– –
EIX icon
1282
Edison International
EIX
$27.2B
$302K 0.02%
4,480
-6,640
-60% -$412K
VC icon
1283
Visteon
VC
$2.86B
$302K 0.02%
5,160
-110
-2% -$6.72K
SWK icon
1284
Stanley Black & Decker
SWK
$15.4B
$301K 0.02%
2,080
+40
+2% +$5.64K
LTHM
1285
DELISTED
Livent Corporation
LTHM
$301K 0.02%
43,490
+570
+1% +$5.12K
VRTS icon
1286
Virtus Investment Partners
VRTS
$1.14B
$300K 0.02%
2,800
-980
-26% -$109K
CNC icon
1287
Centene
CNC
$32.6B
$298K 0.02%
5,680
+120
+2% +$6.48K
FE icon
1288
FirstEnergy
FE
$27.1B
$297K 0.02%
6,930
+350
+5% +$14.7K
SBH icon
1289
Sally Beauty Holdings
SBH
$1.55B
$297K 0.02%
22,290
+390
+2% +$6.38K
DNOW icon
1290
DNOW Inc
DNOW
$2.95B
$296K 0.02%
20,050
+420
+2% +$6.01K
FOSL icon
1291
Fossil Group
FOSL
$330M
$296K 0.02%
25,760
+12,420
+93% +$153K
ETD icon
1292
Ethan Allen Interiors
ETD
$583M
$295K 0.02%
13,990
+2,660
+23% +$55.9K
PRGO icon
1293
Perrigo
PRGO
$1.78B
$295K 0.02%
6,200
-1,240
-17% -$59.1K
GBX icon
1294
The Greenbrier Companies
GBX
$1.42B
$293K 0.02%
9,640
+160
+2% +$5.08K
WOR icon
1295
Worthington Enterprises
WOR
$2.85B
$293K 0.02%
11,808
– –
BBBY
1296
DELISTED
Bed Bath & Beyond Inc
BBBY
$292K 0.02%
25,170
– –
ALEX
1297
DELISTED
Alexander & Baldwin
ALEX
$290K 0.02%
12,534
+280
+2% +$6.64K
TSS
1298
DELISTED
Total System Services, Inc.
TSS
$290K 0.02%
2,260
– –
APTV icon
1299
Aptiv
APTV
$10.2B
$289K 0.02%
3,570
– –
TCMD icon
1300
Tactile Systems Technology
TCMD
$537M
$289K 0.02%
5,080
+70
+1% +$3.65K
50 51
52
53 54

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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.