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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
PCAR icon
376
PACCAR
PCAR
$68.8B
$1.44M 0.07%
32,520
– –
LSTR icon
377
Landstar System
LSTR
$6.4B
$1.43M 0.07%
13,050
+370
+3% +$40.6K
JBTM
378
JBT Marel
JBTM
$6.1B
$1.43M 0.07%
12,610
+640
+5% +$73.2K
OFG icon
379
OFG Bancorp
OFG
$2.26B
$1.43M 0.07%
136,650
– –
WRK
380
DELISTED
WestRock Company
WRK
$1.43M 0.07%
22,238
– –
DAR icon
381
Darling Ingredients
DAR
$10.4B
$1.43M 0.07%
82,420
+3,440
+4% +$62.5K
SIGI icon
382
Selective Insurance
SIGI
$5.59B
$1.42M 0.07%
23,450
+1,360
+6% +$80.2K
EA
383
DELISTED
Electronic Arts
EA
$1.42M 0.07%
11,720
– –
ARRS
384
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.42M 0.07%
53,390
– –
RYN icon
385
Rayonier
RYN
$6.54B
$1.41M 0.07%
44,210
+1,234
+3% +$37.5K
TTEK icon
386
Tetra Tech
TTEK
$9.33B
$1.41M 0.07%
144,100
+4,300
+3% +$42.5K
LLL
387
DELISTED
L3 Technologies, Inc.
LLL
$1.41M 0.07%
6,770
– –
HIW icon
388
Highwoods Properties
HIW
$3.51B
$1.41M 0.07%
32,090
+870
+3% +$39.4K
IART icon
389
Integra LifeSciences
IART
$1.42B
$1.41M 0.07%
25,390
+1,450
+6% +$76K
LUV icon
390
Southwest Airlines
LUV
$22B
$1.4M 0.07%
24,420
– –
SR icon
391
Spire
SR
$4.9B
$1.4M 0.07%
19,310
+1,040
+6% +$70.9K
EME icon
392
Emcor
EME
$36.7B
$1.4M 0.07%
17,900
– –
MPWR icon
393
Monolithic Power Systems
MPWR
$67B
$1.39M 0.07%
12,040
+520
+5% +$61.6K
LGND icon
394
Ligand Pharmaceuticals
LGND
$5.76B
$1.39M 0.07%
13,513
+817
+6% +$80.8K
ADM icon
395
Archer Daniels Midland
ADM
$38.6B
$1.39M 0.07%
32,040
– –
LRCX icon
396
Lam Research
LRCX
$422B
$1.39M 0.07%
68,300
– –
TCBI icon
397
Texas Capital Bancshares
TCBI
$4.38B
$1.39M 0.07%
15,430
+430
+3% +$40.3K
IDA icon
398
Idacorp
IDA
$8.16B
$1.38M 0.07%
15,660
+420
+3% +$35.4K
NEOG icon
399
Neogen
NEOG
$2.59B
$1.38M 0.07%
41,160
+2,600
+7% +$78.3K
SBAC icon
400
SBA Communications
SBAC
$19.8B
$1.38M 0.07%
8,050
– –
14 15
16
17 18

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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.