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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
JCI icon
151
Johnson Controls International
JCI
$92.6B
$1.5M 0.1%
36,337
+6,730
+23% +$259K
WTW icon
152
Willis Towers Watson
WTW
$31.6B
$1.5M 0.1%
7,830
+6,080
+347% +$1.1M
NOC icon
153
Northrop Grumman
NOC
$82B
$1.5M 0.1%
4,640
+2,290
+97% +$683K
CY
154
DELISTED
Cypress Semiconductor
CY
$1.5M 0.1%
67,280
+1,300
+2% +$23.6K
TXN icon
155
Texas Instruments
TXN
$253B
$1.49M 0.1%
13,000
-6,690
-34% -$748K
CSL icon
156
Carlisle Companies
CSL
$15.2B
$1.49M 0.1%
10,590
+110
+1% +$14.8K
RPM icon
157
RPM International
RPM
$14.7B
$1.49M 0.1%
24,340
+150
+0.6% +$8.86K
HUM icon
158
Humana
HUM
$46.7B
$1.49M 0.1%
5,600
+3,740
+201% +$948K
MHO icon
159
M/I Homes
MHO
$3.82B
$1.48M 0.1%
51,910
-6,630
-11% -$187K
RDUS
160
DELISTED
Radius Recycling
RDUS
$1.48M 0.1%
56,500
– –
OLED icon
161
Universal Display
OLED
$4.23B
$1.47M 0.1%
7,840
+110
+1% +$18.3K
KOP icon
162
Koppers
KOP
$857M
$1.47M 0.1%
50,090
+8,080
+19% +$225K
LNT icon
163
Alliant Energy
LNT
$18.2B
$1.47M 0.1%
29,950
+26,780
+845% +$1.28M
CCS icon
164
Century Communities
CCS
$2B
$1.47M 0.1%
55,130
+26,770
+94% +$709K
CBRE icon
165
CBRE Group
CBRE
$42.7B
$1.47M 0.1%
28,550
+24,260
+566% +$1.21M
CTLT
166
DELISTED
CATALENT, INC.
CTLT
$1.46M 0.1%
26,930
+430
+2% +$19.7K
TECH icon
167
Bio-Techne
TECH
$11.3B
$1.46M 0.1%
27,920
+400
+1% +$20.2K
SYY icon
168
Sysco
SYY
$40.5B
$1.45M 0.1%
20,530
-930
-4% -$66.2K
ALG icon
169
Alamo Group
ALG
$2.01B
$1.45M 0.1%
14,480
+2,150
+17% +$215K
ATR icon
170
AptarGroup
ATR
$8.47B
$1.45M 0.1%
11,640
+190
+2% +$21.7K
SBUX icon
171
Starbucks
SBUX
$124B
$1.44M 0.1%
17,230
+440
+3% +$34.5K
BRO icon
172
Brown & Brown
BRO
$23.8B
$1.44M 0.1%
42,920
+160
+0.4% +$5.07K
OHI icon
173
Omega Healthcare
OHI
$13.9B
$1.44M 0.1%
39,140
+1,790
+5% +$65.3K
VAR
174
DELISTED
Varian Medical Systems, Inc.
VAR
$1.43M 0.1%
10,520
+2,410
+30% +$322K
DE icon
175
Deere & Co
DE
$167B
$1.43M 0.1%
8,640
+4,290
+99% +$668K
5 6
7
8 9

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VAS
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SFM
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AI
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HI
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PEA
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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.