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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
ACIC icon
1601
American Coastal Insurance
ACIC
$465M
$92K 0.01%
6,430
+130
+2% +$1.94K
DSPG
1602
DELISTED
DSP Group Inc
DSPG
$92K 0.01%
6,390
– –
CLW icon
1603
Clearwater Paper
CLW
$356M
$91K 0.01%
4,920
-46,200
-90% -$865K
AIZ icon
1604
Assurant
AIZ
$13.9B
$90K 0.01%
850
+150
+21% +$14.8K
SEE
1605
DELISTED
Sealed Air
SEE
$90K 0.01%
2,110
– –
ARLO icon
1606
Arlo Technologies
ARLO
$1.5B
$89K 0.01%
22,208
+600
+3% +$2.36K
NWL icon
1607
Newell Brands
NWL
$2.62B
$89K 0.01%
5,770
-4,310
-43% -$64.5K
BFH icon
1608
Bread Financial
BFH
$4.46B
$88K 0.01%
789
-3,434
-81% -$415K
HCI icon
1609
HCI Group
HCI
$2.28B
$86K 0.01%
2,130
– –
CUTR
1610
DELISTED
Cutera, Inc.
CUTR
$86K 0.01%
4,160
+110
+3% +$1.97K
SPOK icon
1611
Spok Holdings
SPOK
$230M
$84K 0.01%
5,600
– –
CENT icon
1612
Central Garden & Pet Co
CENT
$2.79B
$83K 0.01%
3,863
+113
+3% +$2.49K
BBWI icon
1613
Bath & Body Works
BBWI
$3.65B
$80K 0.01%
3,798
– –
FOX icon
1614
Fox Class B
FOX
$23.5B
$80K 0.01%
2,196
– –
PNR icon
1615
Pentair
PNR
$10.5B
$80K 0.01%
2,150
– –
HOG icon
1616
Harley-Davidson
HOG
$2.7B
$78K 0.01%
2,190
-10,530
-83% -$383K
HP icon
1617
Helmerich & Payne
HP
$4.29B
$74K 0.01%
1,470
– –
IPGP icon
1618
IPG Photonics
IPGP
$3.71B
$74K 0.01%
480
– –
CBB
1619
DELISTED
Cincinnati Bell Inc.
CBB
$74K 0.01%
14,990
+480
+3% +$3.69K
CPRI icon
1620
Capri Holdings
CPRI
$1.77B
$73K 0.01%
2,110
+90
+4% +$3.66K
DAKT icon
1621
Daktronics
DAKT
$997M
$73K 0.01%
11,850
+360
+3% +$2.51K
JEF icon
1622
Jefferies Financial Group
JEF
$12.6B
$73K 0.01%
4,223
– –
VRTV
1623
DELISTED
VERITIV CORPORATION
VRTV
$72K 0.01%
3,720
– –
LOCO icon
1624
El Pollo Loco
LOCO
$463M
$71K 0.01%
6,660
+290
+5% +$3.37K
ROL icon
1625
Rollins
ROL
$17.6B
$71K 0.01%
2,963
– –
63 64
65
66 67

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VAS
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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.