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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
ACLS icon
1526
Axcelis
ACLS
$4.46B
$146K 0.01%
9,700
-40,820
-81% -$729K
PNW icon
1527
Pinnacle West Capital
PNW
$12.2B
$146K 0.01%
1,550
+40
+3% +$3.81K
RJF icon
1528
Raymond James Financial
RJF
$34.6B
$146K 0.01%
2,595
-21,075
-89% -$1.2M
TAP icon
1529
Molson Coors Class B
TAP
$7.83B
$146K 0.01%
2,600
-8,180
-76% -$478K
APEI icon
1530
American Public Education
APEI
$846M
$145K 0.01%
4,890
+140
+3% +$4.29K
CF icon
1531
CF Industries
CF
$17.7B
$145K 0.01%
3,100
-7,420
-71% -$322K
URI icon
1532
United Rentals
URI
$70.1B
$145K 0.01%
1,090
-3,220
-75% -$409K
AKRX
1533
DELISTED
Akorn Inc
AKRX
$145K 0.01%
28,170
+960
+4% +$3.69K
FORR icon
1534
Forrester Research
FORR
$222M
$144K 0.01%
3,060
+60
+2% +$2.89K
UNT
1535
DELISTED
UNIT Corporation
UNT
$144K 0.01%
16,190
-3,070
-16% -$35.6K
JKHY icon
1536
Jack Henry & Associates
JKHY
$10.8B
$143K 0.01%
1,070
+30
+3% +$4.15K
DISCK
1537
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
$142K 0.01%
4,994
+150
+3% +$4.07K
MIK
1538
DELISTED
Michaels Stores, Inc
MIK
$142K 0.01%
16,270
– –
NPK icon
1539
National Presto Industries
NPK
$983M
$140K 0.01%
1,500
+30
+2% +$3.05K
NE
1540
DELISTED
Noble Corporation
NE
$139K 0.01%
74,080
+1,740
+2% +$4.09K
EG icon
1541
Everest Group
EG
$14B
$138K 0.01%
560
-3,120
-85% -$749K
TTGT icon
1542
TechTarget
TTGT
$274M
$138K 0.01%
6,480
-17,630
-73% -$329K
MNK
1543
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$138K 0.01%
15,080
– –
TISI icon
1544
Team
TISI
$101M
$137K 0.01%
896
+28
+3% +$4.51K
UNFI icon
1545
United Natural Foods
UNFI
$2.89B
$137K 0.01%
15,280
+390
+3% +$4.49K
KLXE icon
1546
KLX Energy Services
KLXE
$36M
$136K 0.01%
1,332
+30
+2% +$3.64K
OPB
1547
DELISTED
Opus Bank Common Stock
OPB
$136K 0.01%
6,460
-3,290
-34% -$69.3K
GRMN
1548
Garmin
GRMN
$60.4B
$134K 0.01%
1,680
-21,680
-93% -$1.77M
WW
1549
DELISTED
WW International
WW
$134K 0.01%
7,020
– –
FRT icon
1550
Federal Realty Investment Trust
FRT
$10.3B
$133K 0.01%
1,030
+40
+4% +$5.31K
60 61
62
63 64

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.