SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Municipal Employees' Retirement System of Michigan

CIK 0001588873 · 1134 MUNICIPAL WAY, LANSING, MI, 48917 · 517-703-9030

Reported Value
$1.4B
Q2 2019
Positions
2,173
Filings on Record
30
2019–present window
Filed
Jul 31, 2019
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $1.4B in U.S.-listed holdings across 2,173 positions for Q2 2019.

Its largest position, MSFT, represents 1.3% of the portfolio.

Compared with Q1 2019, the fund opened 86 new positions and exited 107.

Portfolio Metrics

Turnover
+16.2%
vs prior filed quarter
Top-10 Concentration
+7.9%
share of reported value
Largest Position
+1.3%
Microsoft
New / Exited
86 / 107
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.4BQ3 ’19: $2.6BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $3.2BQ2 ’20: $4.0BQ3 ’20: $4.2BQ4 ’20: $5.1BQ4 ’20Q1 ’21: $6.0BQ2 ’21: $7.4BQ3 ’21: $6.0BQ4 ’21: $6.2BQ4 ’21Q1 ’22: $6.5BQ2 ’22: $5.4BQ3 ’22: $5.6BQ1 ’23: $6.5BQ1 ’23Q2 ’23: $7.0BQ3 ’23: $7.2BQ4 ’23: $7.5BQ1 ’24: $7.8BQ1 ’24Q2 ’24: $7.2BQ3 ’24: $7.6BQ4 ’24: $7.3BQ1 ’25: $7.9BQ1 ’25Q2 ’25: $8.3BQ3 ’25: $8.6BQ4 ’25: $8.8BQ1 ’26: $8.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 88.2%REIT: 4.6%MLP: 4.5%Other: 2.7%
  • Common Stock · 88.2% · $1.3B
  • REIT · 4.6% · $65M
  • MLP · 4.5% · $65M
  • Other · 2.7% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CNXNPC CONNECTION INCNEW+43.0K43.0K+$2M$2M
VLGEAVILLAGE SUPER MARKET CLASS ANEW+46.9K46.9K+$1M$1M
DDDUPONT DE NEMOURS INCNEW+13.1K13.1K+$982,000$982,000
KIMBALL INTERNATIONAL BNEW+51.6K51.6K+$899,000$899,000
XHRXENIA HOTELS RESORTS INCNEW+40.8K40.8K+$850,000$850,000
JERNIGAN CAPITAL INCNEW+40.1K40.1K+$822,000$822,000
CENTRAL EUROPEAN MEDIA ENT ANEW+184.9K184.9K+$806,000$806,000
ARWRARROWHEAD PHARMACEUTICALS INNEW+28.2K28.2K+$747,000$747,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2019

432 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM1.25%$18M133.8K
2AAPLAPPLE INChistory →COM1.09%$16M78.7K
3AMZNAMAZON COM INChistory →COM0.99%$14M7.5K
4GOOGALPHABET INC CL CCOM0.84%$12M11.1K
5METAFACEBOOK INC CLASS ACOM0.70%$10M51.8K
6BRK/BBERKSHIRE HATHAWAY INC CL BCOM0.64%$9M43.2K
7NGLNGL ENERGY PARTNERS LPCOM0.63%$9M611.9K
8JNJJOHNSON JOHNSONCOM0.60%$9M61.6K
9JPMJPMORGAN CHASE COCOM0.59%$8M75.1K
10VVISA INC CLASS A SHARESCOM0.55%$8M45.5K
11CRESTWOOD EQUITY PARTNERS LPCOM0.55%$8M220.1K
12EXMOCEXXON MOBIL CORPCOM0.53%$8M99.8K
13TC PIPELINES LPCOM0.52%$7M198.8K
14PGPROCTER GAMBLE CO/THECOM0.51%$7M66.8K
15CQPCHENIERE ENERGY PARTNERS LPCOM0.51%$7M173.4K
16NUSTAR ENERGY LPCOM0.51%$7M267.8K
17SHELL MIDSTREAM PARTNERS LPCOM0.50%$7M343.6K
18PFEPFIZER INCCOM0.50%$7M164.2K
19MAMASTERCARD INC ACOM0.49%$7M26.5K
20DISWALT DISNEY CO/THECOM0.49%$7M50.0K
21TAT T INCCOM0.48%$7M207.0K
22BACBANK OF AMERICA CORPCOM0.48%$7M238.2K
23UNHUNITEDHEALTH GROUP INCCOM0.48%$7M28.3K
24MRKMERCK CO INCCOM0.48%$7M82.1K
25GELGENESIS ENERGY L PCOM0.48%$7M312.9K
26CVXCHEVRON CORPCOM0.47%$7M54.3K
27HDHOME DEPOT INCCOM0.47%$7M32.4K
28CSCOCISCO SYSTEMS INCCOM0.46%$7M121.4K
29VZVERIZON COMMUNICATIONS INCCOM0.46%$7M115.6K
30KOCOCA COLA CO/THECOM0.44%$6M125.1K
31HOLLY ENERGY PARTNERS LPCOM0.43%$6M222.9K
32WFCWELLS FARGO COCOM0.43%$6M128.8K
33PEPPEPSICO INCCOM0.42%$6M46.4K
34CMCSACOMCAST CORP CLASS ACOM0.42%$6M143.6K
35ENABLE MIDSTREAM PARTNERS LPCOM0.42%$6M437.2K
36BABOEING CO/THECOM0.42%$6M16.4K
37ABTABBOTT LABORATORIESCOM0.41%$6M70.1K
38WMTWALMART INCCOM0.41%$6M53.2K
39MCDMCDONALD S CORPCOM0.41%$6M28.1K
40INTCINTEL CORPCOM0.40%$6M120.2K
41MDTMEDTRONIC PLCCOM0.40%$6M59.0K
42CCITIGROUP INCCOM0.40%$6M81.8K
43ADBEADOBE INCCOM0.40%$6M19.3K
44ORCLORACLE CORPCOM0.39%$6M97.6K
45NFLXNETFLIX INCCOM0.39%$6M15.1K
46PYPLPAYPAL HOLDINGS INCCOM0.38%$6M48.1K
47HONHONEYWELL INTERNATIONAL INCCOM0.37%$5M30.3K
48ACNACCENTURE PLC CL ACOM0.36%$5M27.9K
49AMGNAMGEN INCCOM0.36%$5M27.9K
50IBMINTL BUSINESS MACHINES CORPCOM0.35%$5M36.8K
51UNPUNION PACIFIC CORPCOM0.34%$5M29.2K
52PMPHILIP MORRIS INTERNATIONALCOM0.34%$5M61.9K
53CRMSALESFORCE COM INCCOM0.34%$5M32.0K
54NKENIKE INC CL BCOM0.33%$5M56.4K
55UTXZUNITED TECHNOLOGIES CORPCOM0.33%$5M36.1K
56AVGOBROADCOM INCCOM0.33%$5M16.3K
57ABBVABBVIE INCCOM0.32%$5M64.0K
58NVDANVIDIA CORPCOM0.30%$4M26.5K
59MMM3M COCOM0.29%$4M23.6K
60AXPAMERICAN EXPRESS COCOM0.28%$4M32.9K
61TMOTHERMO FISHER SCIENTIFIC INCCOM0.25%$4M12.3K
62USBUS BANCORPCOM0.21%$3M57.1K
63ADPAUTOMATIC DATA PROCESSINGCOM0.20%$3M17.4K
64LMTLOCKHEED MARTIN CORPCOM0.17%$2M6.9K
65IEXIDEX CORPCOM0.17%$2M14.0K
66STESTERIS PLCCOM0.16%$2M15.6K
67ADMARCHER DANIELS MIDLAND COCOM0.16%$2M56.7K
68GILDGILEAD SCIENCES INCCOM0.16%$2M33.4K
69MKTXMARKETAXESS HOLDINGS INCCOM0.16%$2M7.0K
70LLYELI LILLY COCOM0.15%$2M19.9K
71PNCPNC FINANCIAL SERVICES GROUPCOM0.15%$2M16.1K
72GSGOLDMAN SACHS GROUP INCCOM0.15%$2M10.7K
73LDOSLEIDOS HOLDINGS INCCOM0.15%$2M27.0K
74NVRNVR INCCOM0.15%$2M630
75DPZDOMINO S PIZZA INCCOM0.15%$2M7.6K
76TRVTRAVELERS COS INC/THECOM0.15%$2M14.1K
77BKNGBOOKING HOLDINGS INCCOM0.15%$2M1.1K
78TRMBTRIMBLE INCCOM0.15%$2M46.5K
79ZBRAZEBRA TECHNOLOGIES CORP CL ACOM0.15%$2M10.0K
80ALLEALLEGION PLCCOM0.15%$2M18.8K
81DDOMINION ENERGY INCCOM0.14%$2M26.8K
82CLCOLGATE PALMOLIVE COCOM0.14%$2M28.6K
83FDSFACTSET RESEARCH SYSTEMS INCCOM0.14%$2M7.0K
84MSMORGAN STANLEYCOM0.14%$2M45.7K
85IMKTAINGLES MARKETS INC CLASS ACOM0.14%$2M64.1K
86HIGHARTFORD FINANCIAL SVCS GRPCOM0.14%$2M35.8K
87DISCOVER FINANCIAL SERVICESCOM0.14%$2M25.7K
88BMYBRISTOL MYERS SQUIBB COCOM0.13%$2M42.6K
89CPTCAMDEN PROPERTY TRUSTCOM0.13%$2M17.9K
90TDYTELEDYNE TECHNOLOGIES INCCOM0.13%$2M6.7K
91ELVANTHEM INCCOM0.13%$2M6.5K
92LIILENNOX INTERNATIONAL INCCOM0.13%$2M6.6K
93YUSDALLEGHANY CORPCOM0.13%$2M2.7K
94RGAREINSURANCE GROUP OF AMERICACOM0.13%$2M11.6K
95ODFLOLD DOMINION FREIGHT LINECOM0.13%$2M12.0K
96COPCONOCOPHILLIPSCOM0.12%$2M29.2K
97ISRGINTUITIVE SURGICAL INCCOM0.12%$2M3.4K
98PTCPTC INCCOM0.12%$2M19.7K
99WRBWR BERKLEY CORPCOM0.12%$2M26.7K
100APHAMPHENOL CORP CL ACOM0.12%$2M18.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.8B29May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.8B38Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$8.6B54Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$8.3B54Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.9B55May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.3B59Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.6B60Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.2B60Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.8B56Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$7.5B59Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$7.2B62Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.0B64Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.5B64May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review58Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.6B59Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$5.4B50Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.5B41May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.2B40Feb 16, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.0B40Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$7.4B42Jul 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.0B38Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.1B32Jan 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.2B20Oct 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.0B258Jul 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.2B1,889Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B1,970Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.6B1,990Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.4B2,173Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B2,202May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B2,184Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.