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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
AMP icon
251
Ameriprise Financial
AMP
$49.6B
$1.2M 0.08%
9,380
-1,980
-17% -$246K
GT icon
252
Goodyear
GT
$1.77B
$1.2M 0.08%
65,980
+35,970
+120% +$700K
ARW icon
253
Arrow Electronics
ARW
$10.7B
$1.2M 0.08%
15,530
-5,470
-26% -$420K
EGP icon
254
EastGroup Properties
EGP
$11B
$1.2M 0.08%
10,720
+380
+4% +$39.4K
DEI icon
255
Douglas Emmett
DEI
$1.98B
$1.19M 0.08%
29,430
-9,360
-24% -$356K
PRAH
256
DELISTED
PRA Health Sciences, Inc.
PRAH
$1.19M 0.08%
10,790
-3,130
-22% -$327K
ACC
257
DELISTED
American Campus Communities, Inc.
ACC
$1.19M 0.08%
24,980
-7,950
-24% -$358K
POOL icon
258
Pool Corp
POOL
$7.23B
$1.19M 0.08%
7,200
-2,500
-26% -$388K
OLED icon
259
Universal Display
OLED
$4.14B
$1.18M 0.08%
7,730
-2,460
-24% -$304K
WTRG icon
260
Essential Utilities
WTRG
$11.5B
$1.18M 0.08%
32,440
-10,320
-24% -$364K
HUBB icon
261
Hubbell
HUBB
$26.7B
$1.18M 0.08%
9,970
-3,190
-24% -$361K
PKG icon
262
Packaging Corp of America
PKG
$22.9B
$1.18M 0.08%
11,830
-1,170
-9% -$111K
AMT icon
263
American Tower
AMT
$80.7B
$1.17M 0.08%
5,960
-5,880
-50% -$1.03M
DG icon
264
Dollar General
DG
$26.7B
$1.17M 0.08%
9,800
-3,540
-27% -$412K
TWI icon
265
Titan International
TWI
$449M
$1.17M 0.08%
195,840
+650
+0.3% +$3.66K
LRN icon
266
Stride
LRN
$3.37B
$1.17M 0.08%
34,210
– –
DCI icon
267
Donaldson
DCI
$11B
$1.17M 0.08%
23,310
-7,690
-25% -$371K
SRGA
268
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
$1.17M 0.08%
6,462
– –
SKYW icon
269
Skywest
SKYW
$4.16B
$1.16M 0.08%
21,440
+150
+0.7% +$7.7K
WRK
270
DELISTED
WestRock Company
WRK
$1.16M 0.08%
30,318
-3,390
-10% -$133K
INGR icon
271
Ingredion
INGR
$6.62B
$1.15M 0.08%
12,190
-4,880
-29% -$461K
IDTI
272
DELISTED
Integrated Device Technology I
IDTI
$1.15M 0.08%
23,520
-7,570
-24% -$367K
LEG icon
273
Leggett & Platt
LEG
$1.3B
$1.15M 0.08%
27,220
-1,670
-6% -$70.2K
VAR
274
DELISTED
Varian Medical Systems, Inc.
VAR
$1.15M 0.08%
8,110
-1,230
-13% -$162K
FFIN icon
275
First Financial Bankshares
FFIN
$5.03B
$1.15M 0.08%
39,700
+560
+1% +$17.1K
9 10
11
12 13

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.