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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
GIFI
1651
DELISTED
Gulf Island Fabrication
GIFI
$29K ﹤0.01%
4,150
+290
+8% +$2.39K
DF
1652
DELISTED
Dean Foods Company
DF
$25K ﹤0.01%
26,600
-98,020
-79% -$158K
NWS icon
1653
News Corp Class B
NWS
$17.7B
$23K ﹤0.01%
1,660
– –
SUP
1654
DELISTED
Superior Industries International
SUP
$23K ﹤0.01%
6,560
– –
KOPN icon
1655
Kopin
KOPN
$933M
$22K ﹤0.01%
20,070
+2,590
+15% +$3.15K
LXU icon
1656
LSB Industries
LXU
$711M
$22K ﹤0.01%
7,449
– –
BFX
1657
DELISTED
BowFlex Inc.
BFX
$19K ﹤0.01%
8,570
– –
NEP
1658
DELISTED
CHINA NORTH EAST PETROLEUM HLDGS LTD
NEP
$5K ﹤0.01%
30,200
– –
LLEN
1659
DELISTED
L & L ENERGY INC COM STK (NV)
LLEN
$1K ﹤0.01%
48,200
– –
ACTG icon
1660
Acacia Research
ACTG
$455M
– –
-104,710
Closed -$341K
ALNT icon
1661
Allient
ALNT
$1.94B
– –
-15,045
Closed -$345K
AM icon
1662
Antero Midstream
AM
$10.6B
– –
-465,500
Closed -$6.42M
AOSL icon
1663
Alpha and Omega Semiconductor
AOSL
$1.09B
– –
-48,960
Closed -$564K
ASPS icon
1664
Altisource Portfolio Solutions
ASPS
$64.5M
– –
-3,399
Closed -$644K
ASYS icon
1665
Amtech Systems
ASYS
$279M
– –
-85,140
Closed -$454K
AXTI icon
1666
AXT Inc
AXTI
$5.13B
– –
-48,100
Closed -$214K
BBGI icon
1667
Beasley Broadcasting Group
BBGI
$39.3M
– –
-3,048
Closed -$243K
BBW icon
1668
Build-A-Bear
BBW
$464M
– –
-46,500
Closed -$284K
BLBD icon
1669
Blue Bird Corp
BLBD
$2.04B
– –
-42,930
Closed -$727K
BSRR icon
1670
Sierra Bancorp
BSRR
$528M
– –
-24,680
Closed -$600K
CHMI
1671
Cherry Hill Mortgage Investment Corp
CHMI
$107M
– –
-39,760
Closed -$685K
CIO
1672
DELISTED
City Office REIT
CIO
– –
-31,550
Closed -$357K
CNTY icon
1673
Century Casinos
CNTY
$34.3M
– –
-43,160
Closed -$391K
CVU icon
1674
CPI Aerostructures
CVU
$72.6M
– –
-40,140
Closed -$261K
DAIO icon
1675
Data I/O
DAIO
$30.8M
– –
-73,710
Closed -$409K
65 66
67
68 69

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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.