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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
DGX icon
1451
Quest Diagnostics
DGX
$26.1B
$189K 0.01%
1,860
-8,630
-82% -$829K
MODV
1452
DELISTED
ModivCare
MODV
$189K 0.01%
3,290
+60
+2% +$3.89K
SNEX icon
1453
StoneX
SNEX
$8.08B
$189K 0.01%
24,148
+557
+2% +$4.16K
XRAY icon
1454
Dentsply Sirona
XRAY
$2.28B
$189K 0.01%
3,240
+250
+8% +$13.4K
CTRL
1455
DELISTED
Control4 Corporation
CTRL
$188K 0.01%
7,930
+160
+2% +$3.36K
ANET icon
1456
Arista Networks
ANET
$263B
$187K 0.01%
11,520
+320
+3% +$5.54K
COHU icon
1457
Cohu
COHU
$2.79B
$187K 0.01%
12,120
+280
+2% +$4.35K
ACOR
1458
DELISTED
Acorda Therapeutics
ACOR
$187K 0.01%
203
+107
+111% +$131K
UBA
1459
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$187K 0.01%
8,910
+170
+2% +$3.69K
EXR icon
1460
Extra Space Storage
EXR
$31.4B
$186K 0.01%
1,750
+50
+3% +$5.25K
K
1461
DELISTED
Kellanova
K
$186K 0.01%
3,706
-9,244
-71% -$491K
MAA icon
1462
Mid-America Apartment Communities
MAA
$15.6B
$186K 0.01%
1,580
+50
+3% +$5.63K
PZZA icon
1463
Papa John's
PZZA
$816M
$186K 0.01%
4,160
+110
+3% +$5.42K
ICD
1464
DELISTED
Independence Contract Drilling, Inc.
ICD
$185K 0.01%
+5,865
New +$287K
PARR icon
1465
Par Pacific Holdings
PARR
$4.08B
$184K 0.01%
8,960
-12,630
-58% -$246K
QNST icon
1466
QuinStreet
QNST
$1.19B
$183K 0.01%
11,570
+380
+3% +$5.67K
SYNA icon
1467
Synaptics
SYNA
$4.26B
$183K 0.01%
6,270
– –
SJM icon
1468
J.M. Smucker
SJM
$12.9B
$182K 0.01%
1,580
-4,260
-73% -$520K
FRGI
1469
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$182K 0.01%
13,840
+7,060
+104% +$94.2K
AKAM icon
1470
Akamai
AKAM
$17.9B
$181K 0.01%
2,260
+70
+3% +$5.41K
EXPD icon
1471
Expeditors International
EXPD
$24.2B
$181K 0.01%
2,380
-9,160
-79% -$691K
NKTR icon
1472
Nektar Therapeutics
NKTR
$2.56B
$181K 0.01%
339
+120
+55% +$60.2K
AAL icon
1473
American Airlines Group
AAL
$9.95B
$180K 0.01%
5,510
– –
JILL icon
1474
J. Jill
JILL
$280M
$180K 0.01%
18,086
-7,134
-28% -$136K
CUBI icon
1475
Customers Bancorp
CUBI
$2.82B
$179K 0.01%
8,540
– –
57 58
59
60 61

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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.