We are live on ! Find out more
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
RF icon
401
Regions Financial
RF
$27B
$914K 0.06%
64,600
-13,860
-18% -$212K
MAN icon
402
ManpowerGroup
MAN
$2.75B
$913K 0.06%
11,040
-4,560
-29% -$359K
MRCY icon
403
Mercury Systems
MRCY
$6.59B
$913K 0.06%
14,250
+250
+2% +$14.4K
IBKR icon
404
Interactive Brokers
IBKR
$41.4B
$911K 0.06%
70,280
-17,400
-20% -$229K
NI icon
405
NiSource
NI
$20.2B
$911K 0.06%
31,790
-4,870
-13% -$131K
NATI
406
DELISTED
National Instruments Corp
NATI
$910K 0.06%
20,520
-6,490
-24% -$294K
JBLU icon
407
JetBlue
JBLU
$2.19B
$909K 0.06%
55,560
-19,630
-26% -$336K
BDX icon
408
Becton Dickinson
BDX
$49.6B
$907K 0.06%
3,722
-3,639
-49% -$860K
WH icon
409
Wyndham Hotels & Resorts
WH
$5.51B
$904K 0.06%
18,080
-5,940
-25% -$300K
CBU icon
410
Community Bank
CBU
$3.46B
$902K 0.06%
15,090
+310
+2% +$19.1K
ABG icon
411
Asbury Automotive
ABG
$3.78B
$900K 0.06%
12,970
– –
REX icon
412
REX American Resources
REX
$1.44B
$899K 0.06%
66,900
+360
+0.5% +$4.56K
SHOE
413
Shoe Station Group
SHOE
$415M
$898K 0.06%
52,840
– –
GWR
414
DELISTED
Genesee & Wyoming Inc.
GWR
$898K 0.06%
10,300
-3,980
-28% -$323K
KFRC icon
415
Kforce
KFRC
$1.08B
$897K 0.06%
25,540
– –
TITN icon
416
Titan Machinery
TITN
$420M
$897K 0.06%
57,620
– –
TOL icon
417
Toll Brothers
TOL
$14B
$895K 0.06%
24,720
-8,370
-25% -$301K
ANF icon
418
Abercrombie & Fitch
ANF
$4.84B
$894K 0.06%
32,620
– –
PII icon
419
Polaris
PII
$3.91B
$894K 0.06%
10,590
-3,470
-25% -$294K
KLAC icon
420
KLA
KLAC
$274B
$893K 0.06%
74,800
-19,500
-21% -$210K
LHX icon
421
L3Harris
LHX
$53.7B
$893K 0.06%
5,590
-1,500
-21% -$231K
CELG
422
DELISTED
Celgene Corp
CELG
$893K 0.06%
9,470
-9,420
-50% -$824K
UBNK
423
DELISTED
United Financial Bancorp, Inc.
UBNK
$892K 0.06%
62,190
– –
ASH icon
424
Ashland
ASH
$3.36B
$890K 0.06%
11,390
-3,610
-24% -$278K
HZO icon
425
MarineMax
HZO
$1.15B
$890K 0.06%
46,450
+140
+0.3% +$2.67K
15 16
17
18 19

Similar funds

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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 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.