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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
SSD icon
501
Simpson Manufacturing
SSD
$8B
$808K 0.05%
13,630
-200
-1% -$11.8K
ETRN
502
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$808K 0.05%
37,080
-11,870
-24% -$238K
WTI icon
503
W&T Offshore
WTI
$546M
$807K 0.05%
116,960
– –
VSAT icon
504
Viasat
VSAT
$11.4B
$806K 0.05%
10,400
-3,050
-23% -$212K
CL icon
505
Colgate-Palmolive
CL
$74.1B
$805K 0.05%
11,740
-11,560
-50% -$747K
NGVT icon
506
Ingevity
NGVT
$2.59B
$804K 0.05%
7,610
-4,550
-37% -$457K
LSTR icon
507
Landstar System
LSTR
$6.4B
$803K 0.05%
7,340
-2,520
-26% -$265K
MOD icon
508
Modine Manufacturing
MOD
$10.8B
$803K 0.05%
57,870
– –
NJR icon
509
New Jersey Resources
NJR
$5.64B
$803K 0.05%
16,130
-5,090
-24% -$242K
NVT icon
510
nVent Electric
NVT
$27.5B
$803K 0.05%
29,770
-9,390
-24% -$241K
RIG icon
511
Transocean
RIG
$6.39B
$803K 0.05%
92,230
-29,360
-24% -$251K
AUD
512
DELISTED
Audacy, Inc.
AUD
$803K 0.05%
+152,960
New +$1.01M
FNSR
513
DELISTED
Finisar Corp
FNSR
$803K 0.05%
34,660
+760
+2% +$17.3K
OLLI icon
514
Ollie's Bargain Outlet
OLLI
$4.7B
$802K 0.05%
9,400
-2,960
-24% -$239K
MYE icon
515
Myers Industries
MYE
$1.25B
$799K 0.05%
46,670
+260
+0.6% +$4.42K
CME icon
516
CME Group
CME
$96.1B
$797K 0.05%
4,840
-4,660
-49% -$824K
BC icon
517
Brunswick
BC
$5.29B
$796K 0.05%
15,810
-5,030
-24% -$254K
EG icon
518
Everest Group
EG
$14B
$795K 0.05%
3,680
-510
-12% -$111K
SWX icon
519
Southwest Gas
SWX
$6.67B
$795K 0.05%
9,660
-2,890
-23% -$231K
FIX icon
520
Comfort Systems
FIX
$60.8B
$791K 0.05%
15,090
+120
+0.8% +$5.99K
LCII icon
521
LCI Industries
LCII
$2.6B
$791K 0.05%
10,290
+100
+1% +$7.91K
MLR icon
522
Miller Industries
MLR
$640M
$790K 0.05%
25,610
– –
RTEC
523
DELISTED
Rudolph Technologies Inc
RTEC
$790K 0.05%
34,640
+120
+0.3% +$2.63K
EBS icon
524
Emergent Biosolutions
EBS
$230M
$789K 0.05%
15,610
+510
+3% +$30.1K
STRL icon
525
Sterling Infrastructure
STRL
$16.9B
$789K 0.05%
62,990
– –
19 20
21
22 23

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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 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.