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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
-0.79%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.06B
AUM Growth
+$59.9M
Cap. Flow
+$109M
Cap. Flow %
5.3%
Top 10 Hldgs %
7.34%
Holding
1,705
New
30
Increased
821
Reduced
51
Closed
24

Top Buys

Rank Stock Value
1
NGL icon
NGL Energy Partners
NGL
+$6.75M
2
NS
NuStar Energy L.P.
NS
+$4.92M
3
BWP
Boardwalk Pipeline Partners
BWP
+$4.28M
4
GEL icon
Genesis Energy
GEL
+$4.04M
5
DM
Dominion Energy Midstream Ptr LP
DM
+$3.78M

Top Sells

Rank Stock Value
1
NKTR icon
Nektar Therapeutics
NKTR
+$4.72M
2
SIVB
SVB Financial Group
SIVB
+$3.65M
3
TTWO icon
Take-Two Interactive
TTWO
+$3.53M
4
AFAM
Almost Family Inc
AFAM
+$3.29M
5
HII icon
Huntington Ingalls Industries
HII
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.44%
2 Technology 13.93%
3 Industrials 13.78%
4 Healthcare 11.28%
5 Consumer Discretionary 9.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MAS icon
351
Masco
MAS
$14.7B
$1.5M 0.07%
37,160
– –
WTFC icon
352
Wintrust Financial
WTFC
$11B
$1.5M 0.07%
17,470
+590
+3% +$50.8K
CNXN icon
353
PC Connection
CNXN
$2.04B
$1.5M 0.07%
60,050
– –
SABR icon
354
Sabre
SABR
$892M
$1.5M 0.07%
69,990
+6,910
+11% +$148K
SON icon
355
Sonoco
SON
$5.77B
$1.5M 0.07%
30,910
+850
+3% +$43.2K
SIX
356
DELISTED
Six Flags Entertainment Corp.
SIX
$1.5M 0.07%
24,070
– –
ALLE icon
357
Allegion
ALLE
$14.2B
$1.49M 0.07%
17,440
– –
LMAT icon
358
LeMaitre Vascular
LMAT
$1.87B
$1.49M 0.07%
41,020
+170
+0.4% +$5.89K
CLB icon
359
Core Laboratories
CLB
$569M
$1.48M 0.07%
13,710
+370
+3% +$40.9K
LH icon
360
Labcorp
LH
$26.2B
$1.48M 0.07%
10,674
– –
PNFP icon
361
Pinnacle Financial Partners Inc
PNFP
$16.2B
$1.48M 0.07%
22,990
+680
+3% +$44.4K
KMI icon
362
Kinder Morgan
KMI
$71.4B
$1.47M 0.07%
97,880
– –
MPT
363
Medical Properties Trust
MPT
$2.51B
$1.47M 0.07%
113,310
+3,200
+3% +$41K
PDLI
364
DELISTED
PDL BioPharma, Inc.
PDLI
$1.47M 0.07%
500,080
+41,120
+9% +$112K
UMPQ
365
DELISTED
Umpqua Holdings Corp
UMPQ
$1.47M 0.07%
68,490
+1,890
+3% +$41.3K
CXT icon
366
Crane NXT
CXT
$2.96B
$1.46M 0.07%
45,344
+1,238
+3% +$40.1K
AIT icon
367
Applied Industrial Technologies
AIT
$13.2B
$1.46M 0.07%
19,970
+670
+3% +$48.1K
AGN
368
DELISTED
Allergan plc
AGN
$1.45M 0.07%
8,641
– –
AET
369
DELISTED
Aetna Inc
AET
$1.45M 0.07%
8,570
– –
TGT icon
370
Target
TGT
$70.6B
$1.45M 0.07%
20,820
– –
COHR
371
DELISTED
Coherent Inc
COHR
$1.45M 0.07%
7,710
+260
+3% +$62.7K
BLD
372
DELISTED
TopBuild
BLD
$1.44M 0.07%
18,860
+750
+4% +$56.7K
CME icon
373
CME Group
CME
$96.1B
$1.44M 0.07%
8,920
+140
+2% +$22.3K
MED icon
374
Medifast
MED
$128M
$1.44M 0.07%
15,420
+240
+2% +$17.9K
CMI icon
375
Cummins
CMI
$87B
$1.44M 0.07%
8,880
– –
13 14
15
16 17

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SFM
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AI
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PEA
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SUT
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2018 Portfolio in Review

As of Q1 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $2.06B, up 3% from $2B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $109M of net new capital in Q1 2018, opening 30 new positions and adding to 821 existing holdings. Its largest new stake was NGL Energy Partners: 490,740 shares worth $5.4M.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Nektar Therapeutics, an estimated $4.72M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2018 buy was NGL Energy Partners: 490,740 shares worth $5.4M.
  • Municipal Employees' Retirement System of Michigan added most to NuStar Energy L.P. in Q1 2018, an estimated $4.92M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2018 reduction was Nektar Therapeutics, cutting an estimated $4.72M.
  • Municipal Employees' Retirement System of Michigan fully exited Bioverativ Inc. Common Stock in Q1 2018, selling an estimated $1.76M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.3% of its $2.06B portfolio in Q1 2018.
  • Municipal Employees' Retirement System of Michigan opened 30 new positions and closed 24 in Q1 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3% quarter-over-quarter to $2.06B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2018, filed 10 May 2018.