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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
EAT icon
1326
Brinker International
EAT
$10.2B
$275K 0.02%
6,990
– –
ALGN icon
1327
Align Technology
ALGN
$12.5B
$274K 0.02%
1,000
+20
+2% +$6.04K
TIVO
1328
DELISTED
Tivo Inc
TIVO
$274K 0.02%
37,170
+480
+1% +$3.85K
BXP icon
1329
Boston Properties
BXP
$11B
$273K 0.02%
2,120
+40
+2% +$5.37K
BSET icon
1330
Bassett Furniture
BSET
$170M
$272K 0.02%
17,840
– –
WY icon
1331
Weyerhaeuser
WY
$17.9B
$272K 0.02%
10,338
-48,340
-82% -$1.23M
CIR
1332
DELISTED
CIRCOR International, Inc
CIR
$272K 0.02%
5,910
+170
+3% +$6.58K
TILE icon
1333
Interface
TILE
$2.24B
$271K 0.02%
17,710
-4,930
-22% -$77.7K
ULTA icon
1334
Ulta Beauty
ULTA
$22.2B
$271K 0.02%
780
+20
+3% +$6.91K
SPPI
1335
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$271K 0.02%
31,420
+410
+1% +$3.67K
FARO
1336
DELISTED
Faro Technologies
FARO
$270K 0.02%
5,140
+120
+2% +$6.07K
NTRS icon
1337
Northern Trust
NTRS
$34.8B
$270K 0.02%
3,000
-12,820
-81% -$1.18M
STMP
1338
DELISTED
Stamps.com, Inc.
STMP
$270K 0.02%
5,980
+1,140
+24% +$65.3K
CLX icon
1339
Clorox
CLX
$12.9B
$269K 0.02%
1,760
+40
+2% +$6.11K
CNX icon
1340
CNX Resources
CNX
$5.23B
$269K 0.02%
36,860
– –
BOOM icon
1341
DMC Global
BOOM
$153M
$267K 0.02%
+4,220
New +$280K
UVE icon
1342
Universal Insurance Holdings
UVE
$1.18B
$267K 0.02%
9,560
+140
+1% +$4.1K
LLL
1343
DELISTED
L3 Technologies, Inc.
LLL
$267K 0.02%
1,090
+30
+3% +$7.01K
ESS icon
1344
Essex Property Trust
ESS
$18.5B
$266K 0.02%
910
+20
+2% +$5.76K
EPC icon
1345
Edgewell Personal Care
EPC
$1.31B
$265K 0.02%
9,850
– –
GAP
1346
The Gap Inc
GAP
$7.34B
$265K 0.02%
14,750
– –
AMPY icon
1347
Amplify Energy
AMPY
$200M
$264K 0.02%
+44,800
New +$396K
LNN icon
1348
Lindsay Corp
LNN
$1.17B
$264K 0.02%
3,210
+60
+2% +$5.02K
RRC icon
1349
Range Resources
RRC
$9.33B
$263K 0.02%
37,750
– –
CLDT
1350
Chatham Lodging
CLDT
$601M
$262K 0.02%
13,870
-4,070
-23% -$79.6K
52 53
54
55 56

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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.