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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
RMD icon
1376
ResMed
RMD
$32.9B
$240K 0.02%
1,970
+50
+3% +$5.54K
MCHB
1377
Mechanics Bancorp
MCHB
$3.79B
$238K 0.02%
8,040
+130
+2% +$3.74K
KR icon
1378
Kroger
KR
$35.1B
$238K 0.02%
10,970
-9,210
-46% -$224K
NTGR icon
1379
NETGEAR
NTGR
$647M
$237K 0.02%
9,380
+180
+2% +$5.24K
CRVL icon
1380
CorVel
CRVL
$3.25B
$236K 0.02%
8,130
– –
SM icon
1381
SM Energy
SM
$7.71B
$234K 0.02%
18,680
– –
USCR
1382
DELISTED
U S Concrete, Inc.
USCR
$234K 0.02%
4,710
-6,450
-58% -$301K
ENVA icon
1383
Enova International
ENVA
$6.52B
$232K 0.02%
10,050
-3,630
-27% -$87K
KEYS icon
1384
Keysight
KEYS
$60.5B
$232K 0.02%
2,580
+60
+2% +$5.09K
COO icon
1385
Cooper Companies
COO
$14.9B
$229K 0.02%
2,720
+80
+3% +$6.01K
OSG
1386
Octave Specialty Group
OSG
$212M
$228K 0.02%
13,510
+220
+2% +$3.76K
SPNT icon
1387
SiriusPoint
SPNT
$2.7B
$228K 0.02%
22,130
+320
+1% +$3.42K
TRST
1388
Trustco Bank Corp NY
TRST
$971M
$228K 0.02%
5,764
-2,228
-28% -$86.5K
CMS icon
1389
CMS Energy
CMS
$22.1B
$226K 0.02%
3,900
+90
+2% +$5.05K
EXTR icon
1390
Extreme Networks
EXTR
$3.16B
$226K 0.02%
34,930
+490
+1% +$3.24K
CARS icon
1391
Cars.com
CARS
$672M
$225K 0.02%
11,420
– –
BKE icon
1392
Buckle
BKE
$2.31B
$224K 0.02%
12,910
+250
+2% +$4.39K
EFX icon
1393
Equifax
EFX
$21.8B
$224K 0.02%
1,660
+40
+2% +$5.01K
AJG icon
1394
Arthur J. Gallagher & Co
AJG
$65B
$222K 0.02%
2,530
+60
+2% +$5.01K
CPS icon
1395
Cooper-Standard Automotive
CPS
$484M
$222K 0.02%
4,850
-1,760
-27% -$83.9K
MAGN
1396
Magnera Corp
MAGN
$433M
$222K 0.02%
1,013
+18
+2% +$3.59K
FRC
1397
DELISTED
First Republic Bank
FRC
$222K 0.02%
2,270
+50
+2% +$5.04K
ASTE icon
1398
Astec Industries
ASTE
$975M
$221K 0.02%
6,790
+110
+2% +$3.69K
INGN icon
1399
Inogen
INGN
$154M
$221K 0.02%
3,310
+110
+3% +$8.38K
TBHC
1400
DELISTED
The Brand House Collective
TBHC
$221K 0.02%
97,780
+49,310
+102% +$232K
54 55
56
57 58

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
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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.