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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
DENN
1676
DELISTED
Denny's
DENN
– –
-28,210
Closed -$518K
DHX icon
1677
DHI Group
DHX
$166M
– –
-197,900
Closed -$481K
DX
1678
Dynex Capital
DX
$3.22B
– –
-41,643
Closed -$761K
EARN
1679
Ellington Residential Mortgage REIT
EARN
$163M
– –
-62,080
Closed -$739K
EPD icon
1680
Enterprise Products Partners
EPD
$81.9B
– –
-244,880
Closed -$7.13M
ET icon
1681
Energy Transfer Partners
ET
$72.1B
– –
-446,980
Closed -$6.87M
EVC icon
1682
Entravision Communication
EVC
$832M
– –
-79,010
Closed -$256K
FISI icon
1683
Financial Institutions
FISI
$825M
– –
-22,790
Closed -$619K
FSTR icon
1684
Foster
FSTR
$405M
– –
-41,470
Closed -$780K
GDEN
1685
DELISTED
Golden Entertainment
GDEN
– –
-17,990
Closed -$255K
GORO icon
1686
Goldgroup Mining Inc.
GORO
$211M
– –
-90,520
Closed -$356K
GTN icon
1687
Gray Television
GTN
$498M
– –
-33,170
Closed -$709K
INBK icon
1688
First Internet Bancorp
INBK
$255M
– –
-23,480
Closed -$454K
LAKE icon
1689
Lakeland Industries
LAKE
$119M
– –
-29,270
Closed -$344K
LE icon
1690
Lands' End
LE
$391M
– –
-31,530
Closed -$524K
LPTH icon
1691
Lightpath Technologies
LPTH
$862M
– –
-202,150
Closed -$303K
MCFT icon
1692
MasterCraft Boat Holdings
MCFT
$600M
– –
-15,840
Closed -$358K
MPLX icon
1693
MPLX
MPLX
$60.8B
– –
-197,320
Closed -$6.49M
NCMI icon
1694
National CineMedia
NCMI
$209M
– –
-4,604
Closed -$325K
NNBR icon
1695
NN Inc
NNBR
$302M
– –
-37,780
Closed -$283K
XMAX
1696
XMAX Inc
XMAX
$567M
– –
-9,665
Closed -$213K
ORN icon
1697
Orion Group Holdings
ORN
$402M
– –
-89,130
Closed -$260K
OSBC icon
1698
Old Second Bancorp
OSBC
$1.31B
– –
-47,650
Closed -$600K
OVV icon
1699
Ovintiv
OVV
$17.5B
– –
-4,697
Closed -$170K
PAA icon
1700
Plains All American Pipeline
PAA
$16.4B
– –
-277,880
Closed -$6.81M
66 67
68
69 70

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.