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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
POOL icon
176
Pool Corp
POOL
$7.18B
$1.39M 0.1%
7,280
+80
+1% +$14.4K
JBSS icon
177
John B. Sanfilippo & Son
JBSS
$1.01B
$1.39M 0.1%
17,420
+70
+0.4% +$5.32K
RNR icon
178
RenaissanceRe
RNR
$13.2B
$1.39M 0.1%
7,800
+80
+1% +$13.1K
KRC icon
179
Kilroy Realty
KRC
$4.27B
$1.38M 0.1%
18,670
+300
+2% +$22.8K
A icon
180
Agilent Technologies
A
$41.6B
$1.37M 0.1%
18,360
-620
-3% -$45.9K
LPT
181
DELISTED
Liberty Property Trust
LPT
$1.37M 0.1%
27,350
+400
+1% +$19.6K
AMP icon
182
Ameriprise Financial
AMP
$50B
$1.36M 0.1%
9,380
– –
LH icon
183
Labcorp
LH
$26.2B
$1.36M 0.09%
9,149
– –
NEE icon
184
NextEra Energy
NEE
$179B
$1.36M 0.09%
26,480
-28,560
-52% -$1.41M
MTB icon
185
M&T Bank
MTB
$36.9B
$1.35M 0.09%
7,950
-2,080
-21% -$345K
PENG
186
Penguin Solutions Inc
PENG
$3.13B
$1.35M 0.09%
117,480
+110,240
+1,523% +$1.11M
NDSN icon
187
Nordson
NDSN
$17.1B
$1.35M 0.09%
9,540
– –
MASI
188
DELISTED
Masimo
MASI
$1.34M 0.09%
9,040
+150
+2% +$20.6K
SEIC icon
189
SEI Investments
SEIC
$12.7B
$1.34M 0.09%
23,870
+50
+0.2% +$2.7K
AFG icon
190
American Financial Group
AFG
$12.1B
$1.34M 0.09%
13,040
+190
+1% +$19.1K
KEY icon
191
KeyCorp
KEY
$24.7B
$1.33M 0.09%
75,110
+22,590
+43% +$382K
SIGI icon
192
Selective Insurance
SIGI
$5.63B
$1.32M 0.09%
17,640
+310
+2% +$22.1K
SLG icon
193
SL Green Realty
SLG
$4.02B
$1.32M 0.09%
16,952
+2,944
+21% +$248K
HUBB icon
194
Hubbell
HUBB
$26.8B
$1.32M 0.09%
10,100
+130
+1% +$16K
JNPR
195
DELISTED
Juniper Networks
JNPR
$1.31M 0.09%
49,340
+23,550
+91% +$630K
TTC icon
196
Toro Company
TTC
$9.26B
$1.31M 0.09%
19,620
+210
+1% +$14.7K
CHRW icon
197
C.H. Robinson
CHRW
$17.3B
$1.31M 0.09%
15,490
+5,280
+52% +$444K
FCFS icon
198
FirstCash
FCFS
$9.31B
$1.3M 0.09%
13,027
+150
+1% +$14.3K
TTEK icon
199
Tetra Tech
TTEK
$9.09B
$1.3M 0.09%
82,600
+1,450
+2% +$19.5K
CKH
200
DELISTED
Seacor Holdings Inc.
CKH
$1.3M 0.09%
27,330
+3,390
+14% +$149K
6 7
8
9 10

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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.