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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
VMI icon
601
Valmont Industries
VMI
$9.5B
$1.03M 0.05%
7,050
+220
+3% +$34.4K
CAR icon
602
Avis
CAR
$4.84B
$1.03M 0.05%
22,000
– –
FTI icon
603
TechnipFMC
FTI
$30.1B
$1.03M 0.05%
46,932
– –
GWW icon
604
W.W. Grainger
GWW
$62.2B
$1.03M 0.05%
3,640
– –
NSP icon
605
Insperity
NSP
$2.05B
$1.03M 0.05%
14,750
+670
+5% +$42.8K
VLY icon
606
Valley National Bancorp
VLY
$8.3B
$1.02M 0.05%
82,230
+2,390
+3% +$29.8K
MRLN
607
DELISTED
Marlin Business Services Corp
MRLN
$1.02M 0.05%
36,070
– –
FFIV icon
608
F5
FFIV
$23.6B
$1.02M 0.05%
7,070
– –
GIII icon
609
G-III Apparel Group
GIII
$1.43B
$1.02M 0.05%
27,100
+1,090
+4% +$40.5K
NUE icon
610
Nucor
NUE
$61.8B
$1.02M 0.05%
16,680
– –
CXO
611
DELISTED
CONCHO RESOURCES INC.
CXO
$1.02M 0.05%
6,780
– –
KMT icon
612
Kennametal
KMT
$2.32B
$1.02M 0.05%
25,340
+940
+4% +$42.9K
STZ icon
613
Constellation Brands
STZ
$23.3B
$1.01M 0.05%
4,440
– –
SWX icon
614
Southwest Gas
SWX
$6.67B
$1.01M 0.05%
14,960
+570
+4% +$40.5K
FMBI
615
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$1.01M 0.05%
41,140
+2,250
+6% +$56.7K
RCL icon
616
Royal Caribbean
RCL
$82.9B
$1.01M 0.05%
8,560
– –
EQBK icon
617
Equity Bancshares
EQBK
$1.07B
$1.01M 0.05%
25,720
– –
TDG icon
618
TransDigm Group
TDG
$68.9B
$1.01M 0.05%
3,280
– –
AVD icon
619
American Vanguard Corp
AVD
$62.8M
$1.01M 0.05%
49,790
+640
+1% +$13.3K
KLAC icon
620
KLA
KLAC
$274B
$1.01M 0.05%
92,300
– –
CABO icon
621
Cable One
CABO
$206M
$1M 0.05%
1,460
+40
+3% +$28K
SYF icon
622
Synchrony
SYF
$26.1B
$1M 0.05%
29,900
– –
UNF icon
623
Unifirst Corp
UNF
$5.21B
$999K 0.05%
6,180
+340
+6% +$54.6K
ILG
624
DELISTED
ILG, Inc Common Stock
ILG
$999K 0.05%
32,110
– –
ACHC icon
625
Acadia Healthcare
ACHC
$2.82B
$996K 0.05%
25,410
+710
+3% +$26K
23 24
25
26 27

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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.