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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
+15.07%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.5B
AUM Growth
-$189M
Cap. Flow
-$393M
Cap. Flow %
-26.17%
Top 10 Hldgs %
7.14%
Holding
1,714
New
39
Increased
483
Reduced
919
Closed
31

Top Buys

Rank Stock Value
1
WES icon
Western Midstream Partners
WES
+$6.71M
2
ENLC
ENLINK MIDSTREAM, LLC
ENLC
+$6.31M
3
AM icon
Antero Midstream
AM
+$6.08M
4
CEQP
Crestwood Equity Partners LP
CEQP
+$1.53M
5
DCP
DCP Midstream, LP
DCP
+$1.51M

Top Sells

Rank Stock Value
1
ENB icon
Enbridge
ENB
+$12.5M
2
MSFT icon
Microsoft
MSFT
+$11M
3
AAPL icon
Apple
AAPL
+$10.6M
4
AMZN icon
Amazon
AMZN
+$9.05M
5
WES
Western Gas Partners Lp
WES
+$5.68M

Sector Composition

Rank Sector Weight
1 Financials 14.21%
2 Energy 13.82%
3 Technology 13.12%
4 Industrials 13.11%
5 Consumer Discretionary 10.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TER icon
226
Teradyne
TER
$63.9B
$1.26M 0.08%
31,760
-13,080
-29% -$489K
FIVE icon
227
Five Below
FIVE
$13.5B
$1.26M 0.08%
10,170
-3,220
-24% -$390K
NDSN icon
228
Nordson
NDSN
$17.2B
$1.26M 0.08%
9,540
-3,040
-24% -$396K
BRO icon
229
Brown & Brown
BRO
$23.9B
$1.26M 0.08%
42,760
-12,950
-23% -$370K
VIVO
230
DELISTED
Meridian Bioscience Inc
VIVO
$1.26M 0.08%
71,580
+170
+0.2% +$2.83K
NUE icon
231
Nucor
NUE
$61.8B
$1.26M 0.08%
21,590
-4,180
-16% -$245K
CI icon
232
Cigna
CI
$74B
$1.26M 0.08%
7,814
-5,021
-39% -$917K
SBUX icon
233
Starbucks
SBUX
$125B
$1.25M 0.08%
16,790
-16,520
-50% -$1.14M
JBSS icon
234
John B. Sanfilippo & Son
JBSS
$1.01B
$1.25M 0.08%
17,350
+80
+0.5% +$5.34K
SEIC icon
235
SEI Investments
SEIC
$12.7B
$1.25M 0.08%
23,820
-7,840
-25% -$393K
ABR icon
236
Arbor Realty Trust
ABR
$994M
$1.24M 0.08%
95,787
+937
+1% +$11.4K
RYAM icon
237
Rayonier Advanced Materials
RYAM
$564M
$1.24M 0.08%
91,470
+260
+0.3% +$3.52K
AFG icon
238
American Financial Group
AFG
$12B
$1.24M 0.08%
12,850
-4,060
-24% -$389K
PWR icon
239
Quanta Services
PWR
$102B
$1.23M 0.08%
32,680
-1,950
-6% -$68.1K
ZBH icon
240
Zimmer Biomet
ZBH
$19B
$1.23M 0.08%
9,950
-2,709
-21% -$308K
NPKI
241
NPK International
NPKI
$1.19B
$1.23M 0.08%
134,600
+430
+0.3% +$3.69K
ALG icon
242
Alamo Group
ALG
$2.01B
$1.23M 0.08%
12,330
+40
+0.3% +$3.61K
LAMR icon
243
Lamar Advertising Co
LAMR
$15.9B
$1.23M 0.08%
15,510
-4,830
-24% -$365K
MASI
244
DELISTED
Masimo
MASI
$1.23M 0.08%
8,890
-2,640
-23% -$331K
CMI icon
245
Cummins
CMI
$87.3B
$1.23M 0.08%
7,780
-2,080
-21% -$312K
SLG icon
246
SL Green Realty
SLG
$4.09B
$1.22M 0.08%
14,008
-1,456
-9% -$126K
ATR icon
247
AptarGroup
ATR
$8.44B
$1.22M 0.08%
11,450
-3,490
-23% -$349K
IP icon
248
International Paper
IP
$21.9B
$1.22M 0.08%
27,773
-5,808
-17% -$252K
PPL
249
PPL Corp
PPL
$26.8B
$1.22M 0.08%
38,360
-8,780
-19% -$273K
LH icon
250
Labcorp
LH
$26.3B
$1.2M 0.08%
9,149
-1,571
-15% -$194K
8 9
10
11 12

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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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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2019 Portfolio in Review

As of Q1 2019, Municipal Employees' Retirement System of Michigan held 1,714 positions worth $1.5B, down 11% from $1.69B the previous quarter. Its ten largest holdings account for 7.1% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $393M in Q1 2019, closing 31 positions and reducing 919 holdings. Its most notable exit was Enbridge, an estimated $12.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 15% a quarter earlier, followed by Energy and Technology.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Western Midstream Partners worth $6.63M.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2019 buy was Western Midstream Partners: 211,319 shares worth $6.63M.
  • Municipal Employees' Retirement System of Michigan added most to Crestwood Equity Partners LP in Q1 2019, an estimated $1.53M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2019 reduction was Microsoft, cutting an estimated $11M.
  • Municipal Employees' Retirement System of Michigan fully exited Enbridge in Q1 2019, selling an estimated $12.5M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.1% of its $1.5B portfolio in Q1 2019.
  • Municipal Employees' Retirement System of Michigan opened 39 new positions and closed 31 in Q1 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 11% quarter-over-quarter to $1.5B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2019, filed 15 May 2019.