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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
FOXA icon
1476
Fox Class A
FOXA
$27.1B
$179K 0.01%
4,890
+120
+3% +$4.41K
BANC icon
1477
Banc of California
BANC
$3.12B
$178K 0.01%
12,760
+260
+2% +$3.67K
HOLX
1478
DELISTED
Hologic
HOLX
$178K 0.01%
3,710
+90
+2% +$4.16K
HT
1479
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$178K 0.01%
10,780
+150
+1% +$2.66K
WLH
1480
DELISTED
WILLIAM LYON HOMES
WLH
$178K 0.01%
9,780
-21,310
-69% -$384K
CAG icon
1481
Conagra Brands
CAG
$7.37B
$177K 0.01%
6,680
+150
+2% +$4.36K
EGRX
1482
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
$177K 0.01%
3,180
– –
BKR icon
1483
Baker Hughes
BKR
$63B
$175K 0.01%
7,110
+210
+3% +$5.07K
VECO icon
1484
Veeco
VECO
$3.31B
$175K 0.01%
14,308
+300
+2% +$3.63K
SRDX
1485
DELISTED
Surmodics
SRDX
$174K 0.01%
4,020
+90
+2% +$3.8K
HSKA
1486
DELISTED
Heska Corp
HSKA
$174K 0.01%
2,040
+50
+3% +$3.9K
DCOM
1487
DELISTED
Dime Community Bancshares
DCOM
$174K 0.01%
9,180
+110
+1% +$2.09K
ECHO
1488
DELISTED
Echo Global Logistics, Inc.
ECHO
$173K 0.01%
8,310
– –
ATO icon
1489
Atmos Energy
ATO
$28.7B
$171K 0.01%
1,620
+40
+3% +$4.1K
UDR icon
1490
UDR
UDR
$12.1B
$171K 0.01%
3,820
+120
+3% +$5.4K
DO
1491
DELISTED
Diamond Offshore Drilling
DO
$171K 0.01%
19,320
+330
+2% +$3.16K
OSUR icon
1492
OraSure Technologies
OSUR
$277M
$170K 0.01%
18,370
+420
+2% +$3.87K
HAS icon
1493
Hasbro
HAS
$13.6B
$169K 0.01%
1,600
+40
+3% +$3.94K
UEIC icon
1494
Universal Electronics
UEIC
$68.3M
$169K 0.01%
4,110
+130
+3% +$5.2K
CTXS
1495
DELISTED
Citrix Systems Inc
CTXS
$169K 0.01%
1,720
– –
SIG icon
1496
Signet Jewelers
SIG
$3.63B
$168K 0.01%
9,400
– –
TUP
1497
DELISTED
Tupperware Brands Corporation
TUP
$167K 0.01%
8,800
– –
GME icon
1498
GameStop
GME
$8.33B
$166K 0.01%
121,480
+1,560
+1% +$3.05K
SAH icon
1499
Sonic Automotive
SAH
$2.51B
$166K 0.01%
7,090
-28,430
-80% -$547K
UCTT
1500
Ultra Clean Holdings
UCTT
$4.29B
$162K 0.01%
11,620
-94,580
-89% -$1.21M
58 59
60
61 62

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.