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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
MSFT icon
1
Microsoft
MSFT
$3.74T
$17.9M 1.25%
133,780
+30
+0% +$3.81K
AAPL icon
2
Apple
AAPL
$4.45T
$15.6M 1.09%
314,760
+11,920
+4% +$581K
AMZN icon
3
Amazon
AMZN
$2.94T
$14.2M 0.99%
150,400
+3,200
+2% +$298K
META icon
4
Meta Platforms (Facebook)
META
$1.53T
$10M 0.7%
51,800
-1,230
-2% -$225K
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.11T
$9.21M 0.64%
43,190
+1,570
+4% +$325K
NGL icon
6
NGL Energy Partners
NGL
$2.13B
$9.04M 0.63%
611,900
– –
JNJ icon
7
Johnson & Johnson
JNJ
$626B
$8.58M 0.6%
61,590
+1,680
+3% +$233K
JPM icon
8
JPMorgan Chase
JPM
$962B
$8.39M 0.59%
75,070
+330
+0.4% +$36.4K
V icon
9
Visa
V
$677B
$7.89M 0.55%
45,460
-1,130
-2% -$185K
CEQP
10
DELISTED
Crestwood Equity Partners LP
CEQP
$7.87M 0.55%
220,050
– –
XOM icon
11
ExxonMobil
XOM
$657B
$7.64M 0.53%
99,750
+2,750
+3% +$213K
TCP
12
DELISTED
TC Pipelines LP
TCP
$7.48M 0.52%
198,780
– –
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$4.2T
$7.44M 0.52%
137,400
-600
-0.4% -$34.7K
PG icon
14
Procter & Gamble
PG
$338B
$7.32M 0.51%
66,760
-6,890
-9% -$734K
CQP icon
15
Cheniere Energy
CQP
$32.2B
$7.31M 0.51%
173,410
– –
NS
16
DELISTED
NuStar Energy L.P.
NS
$7.27M 0.51%
267,810
– –
SHLX
17
DELISTED
Shell Midstream Partners, L.P.
SHLX
$7.12M 0.5%
343,630
– –
PFE icon
18
Pfizer
PFE
$152B
$7.11M 0.5%
173,098
+12,542
+8% +$498K
MA icon
19
Mastercard
MA
$492B
$7.01M 0.49%
26,510
-1,400
-5% -$350K
DIS icon
20
Walt Disney
DIS
$179B
$6.99M 0.49%
50,035
-4,940
-9% -$655K
T icon
21
AT&T
T
$168B
$6.94M 0.48%
274,097
+11,863
+5% +$285K
BAC icon
22
Bank of America
BAC
$448B
$6.91M 0.48%
238,170
+880
+0.4% +$25.4K
UNH icon
23
UnitedHealth
UNH
$361B
$6.9M 0.48%
28,280
+3,400
+14% +$818K
MRK icon
24
Merck
MRK
$322B
$6.88M 0.48%
86,030
+1,341
+2% +$103K
GEL icon
25
Genesis Energy
GEL
$1.89B
$6.85M 0.48%
312,930
– –
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
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
LCAM
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HI
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PEA
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SUT
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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.