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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.9B
AUM Growth
-$155M
Cap. Flow
-$238M
Cap. Flow %
-12.51%
Top 10 Hldgs %
8.43%
Holding
1,705
New
24
Increased
288
Reduced
1,098
Closed
22

Top Buys

Rank Stock Value
1
NFLX icon
Netflix
NFLX
+$3.72M
2
BKNG icon
Booking.com
BKNG
+$3.14M
3
GL icon
Globe Life
GL
+$2.41M
4
ECL icon
Ecolab
ECL
+$2.14M
5
AME icon
Ametek
AME
+$1.92M

Top Sells

Rank Stock Value
1
ABMD
Abiomed Inc
ABMD
+$4.33M
2
MSCI icon
MSCI
MSCI
+$4.04M
3
BR icon
Broadridge
BR
+$3.74M
4
DINO icon
HF Sinclair
DINO
+$3.36M
5
RTX icon
RTX Corp
RTX
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.06%
2 Technology 13.61%
3 Industrials 12.59%
4 Healthcare 10.77%
5 Consumer Discretionary 10.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.45T
$27.5M 1.44%
594,480
-12,080
-2% -$548K
MSFT icon
2
Microsoft
MSFT
$3.74T
$23.5M 1.23%
238,080
-2,420
-1% -$235K
AMZN icon
3
Amazon
AMZN
$2.94T
$21.9M 1.15%
258,200
-11,800
-4% -$937K
META icon
4
Meta Platforms (Facebook)
META
$1.53T
$16.3M 0.85%
83,630
+3,760
+5% +$679K
XOM icon
5
ExxonMobil
XOM
$657B
$12.7M 0.67%
153,640
+6,330
+4% +$504K
BRK.B icon
6
Berkshire Hathaway Class B
BRK.B
$1.11T
$12.4M 0.65%
66,560
+130
+0.2% +$25.3K
GOOGL icon
7
Alphabet (Google) Class A
GOOGL
$4.2T
$12.4M 0.65%
219,000
+3,200
+1% +$174K
JPM icon
8
JPMorgan Chase
JPM
$962B
$12.3M 0.65%
118,440
-2,130
-2% -$234K
JNJ icon
9
Johnson & Johnson
JNJ
$626B
$11.5M 0.61%
95,140
+3,280
+4% +$409K
BAC icon
10
Bank of America
BAC
$448B
$9.99M 0.52%
354,250
-10,490
-3% -$313K
CVX icon
11
Chevron
CVX
$386B
$9.81M 0.52%
77,630
+2,250
+3% +$279K
WFC icon
12
Wells Fargo
WFC
$264B
$9.73M 0.51%
175,450
+3,940
+2% +$211K
V icon
13
Visa
V
$677B
$9.67M 0.51%
72,990
-2,040
-3% -$263K
UNH icon
14
UnitedHealth
UNH
$361B
$9.58M 0.5%
39,030
-1,120
-3% -$269K
HD icon
15
Home Depot
HD
$353B
$9.39M 0.49%
48,130
-700
-1% -$131K
INTC icon
16
Intel
INTC
$493B
$9.24M 0.49%
185,930
-12,640
-6% -$671K
GOOG icon
17
Alphabet (Google) Class C
GOOG
$4.19T
$8.97M 0.47%
160,860
+1,400
+0.9% +$75.6K
T icon
18
AT&T
T
$168B
$8.97M 0.47%
369,822
+46,733
+14% +$1.17M
PFE icon
19
Pfizer
PFE
$152B
$8.76M 0.46%
254,446
+1,781
+0.7% +$60.9K
VZ icon
20
Verizon
VZ
$196B
$8.75M 0.46%
173,970
+3,560
+2% +$172K
NFLX icon
21
Netflix
NFLX
$311B
$8.72M 0.46%
222,700
+109,000
+96% +$3.72M
CSCO icon
22
Cisco
CSCO
$475B
$8.56M 0.45%
198,950
-16,800
-8% -$734K
MA icon
23
Mastercard
MA
$492B
$8.27M 0.43%
42,070
-2,590
-6% -$487K
PG icon
24
Procter & Gamble
PG
$338B
$8.26M 0.43%
105,820
+7,540
+8% +$567K
BA icon
25
Boeing
BA
$184B
$8M 0.42%
23,840
-2,260
-9% -$777K
1
2 3 4 5

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VAS
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SFM
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AI
Axiom Investors Greenwich, Connecticut $8.99B AUM 44.68% 1-Year Est. Return
AI
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LCAM
London & Capital Asset Management London, United Kingdom $9.18B AUM 25.04% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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Municipal Employees' Retirement System of Michigan's Q2 2018 Portfolio in Review

As of Q2 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $1.9B, down 7.5% from $2.06B the previous quarter. Its ten largest holdings account for 8.4% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $238M in Q2 2018, closing 22 positions and reducing 1,098 holdings. Its most notable exit was Orbital ATK, Inc., an estimated $2.38M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Wyndham Hotels & Resorts worth $1.69M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2018 buy was Wyndham Hotels & Resorts: 28,770 shares worth $1.69M.
  • Municipal Employees' Retirement System of Michigan added most to Netflix in Q2 2018, an estimated $3.72M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2018 reduction was Abiomed Inc, cutting an estimated $4.33M.
  • Municipal Employees' Retirement System of Michigan fully exited Orbital ATK, Inc. in Q2 2018, selling an estimated $2.38M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 8.4% of its $1.9B portfolio in Q2 2018.
  • Municipal Employees' Retirement System of Michigan opened 24 new positions and closed 22 in Q2 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.5% quarter-over-quarter to $1.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2018, filed 19 Jul 2018.