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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
GHL
1626
DELISTED
Greenhill & Co., Inc.
GHL
$71K 0.01%
5,240
+200
+4% +$3.67K
NWSA icon
1627
News Corp Class A
NWSA
$15.5B
$70K ﹤0.01%
5,180
– –
CDR
1628
DELISTED
Cedar Realty Trust, Inc
CDR
$69K ﹤0.01%
3,918
– –
AMG icon
1629
Affiliated Managers Group
AMG
$9.57B
$65K ﹤0.01%
710
-6,930
-91% -$680K
ASRT
1630
DELISTED
Assertio
ASRT
$65K ﹤0.01%
312
– –
TRIP icon
1631
TripAdvisor
TRIP
$1.26B
$64K ﹤0.01%
1,380
– –
UAA icon
1632
Under Armour
UAA
$2.26B
$64K ﹤0.01%
2,520
– –
GEOS icon
1633
Geospace Technologies
GEOS
$67.9M
$62K ﹤0.01%
4,080
+250
+7% +$3.44K
LCI
1634
DELISTED
Lannett Company, Inc.
LCI
$62K ﹤0.01%
2,555
-14,673
-85% -$388K
SPN
1635
DELISTED
Superior Energy Services, Inc.
SPN
$60K ﹤0.01%
4,644
+114
+3% +$3.35K
ACH
1636
Accendra Health
ACH
$93.1M
$58K ﹤0.01%
18,020
– –
EXPR
1637
DELISTED
Express, Inc.
EXPR
$58K ﹤0.01%
1,062
-672
-39% -$45.9K
AAOI icon
1638
Applied Optoelectronics
AAOI
$11.7B
$57K ﹤0.01%
5,520
– –
REI icon
1639
Ring Energy
REI
$354M
$57K ﹤0.01%
17,470
-10,980
-39% -$48.8K
UA icon
1640
Under Armour Class C
UA
$2.2B
$57K ﹤0.01%
2,581
– –
COTY icon
1641
Coty
COTY
$2.43B
$56K ﹤0.01%
4,160
-1,900
-31% -$23.4K
SENEA icon
1642
Seneca Foods Class A
SENEA
$1.28B
$55K ﹤0.01%
1,980
+80
+4% +$1.99K
FTR
1643
DELISTED
Frontier Communications Corp.
FTR
$55K ﹤0.01%
31,500
+1,350
+4% +$2.75K
CBL
1644
DELISTED
CBL& Associates Properties, Inc.
CBL
$52K ﹤0.01%
50,250
– –
IVC
1645
DELISTED
Invacare Corporation
IVC
$50K ﹤0.01%
9,730
– –
MAC icon
1646
Macerich
MAC
$6.99B
$48K ﹤0.01%
1,420
– –
LQDT icon
1647
Liquidity Services
LQDT
$1.35B
$47K ﹤0.01%
7,700
– –
RRD
1648
DELISTED
RR Donnelley & Sons Co.
RRD
$40K ﹤0.01%
20,490
– –
LKSD
1649
DELISTED
LSC Communications, Inc.
LKSD
$36K ﹤0.01%
9,770
– –
ASNA
1650
DELISTED
Ascena Retail Group, Inc.
ASNA
$30K ﹤0.01%
2,497
– –
64 65
66
67 68

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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.