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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
CVBF icon
676
CVB Financial
CVBF
$4.08B
$926K 0.05%
40,920
+2,150
+6% +$50.6K
APTV icon
677
Aptiv
APTV
$10.2B
$925K 0.04%
10,890
– –
CPB icon
678
Campbell Soup
CPB
$6.94B
$924K 0.04%
21,330
– –
EBS icon
679
Emergent Biosolutions
EBS
$230M
$923K 0.04%
17,520
+1,590
+10% +$79.2K
AON icon
680
Aon
AON
$75.7B
$922K 0.04%
6,570
– –
ECL icon
681
Ecolab
ECL
$77.4B
$922K 0.04%
6,730
– –
SNA icon
682
Snap-on
SNA
$20.9B
$919K 0.04%
6,230
– –
DAKT icon
683
Daktronics
DAKT
$988M
$918K 0.04%
104,150
– –
ABG icon
684
Asbury Automotive
ABG
$3.78B
$917K 0.04%
13,590
+350
+3% +$24.2K
MOV icon
685
Movado Group
MOV
$796M
$916K 0.04%
23,860
+420
+2% +$13.4K
BBBY
686
DELISTED
Bed Bath & Beyond Inc
BBBY
$915K 0.04%
43,590
– –
TEL icon
687
TE Connectivity
TEL
$62.2B
$912K 0.04%
9,130
– –
ENS icon
688
EnerSys
ENS
$7.2B
$911K 0.04%
13,130
– –
SRCI
689
DELISTED
SRC Energy Inc
SRCI
$911K 0.04%
96,570
+7,350
+8% +$67.1K
ILMN icon
690
Illumina
ILMN
$29.1B
$910K 0.04%
3,958
+82
+2% +$18.8K
NLSN
691
DELISTED
Nielsen Holdings plc
NLSN
$910K 0.04%
28,610
– –
MYE icon
692
Myers Industries
MYE
$1.25B
$909K 0.04%
42,950
– –
URBN icon
693
Urban Outfitters
URBN
$6.53B
$908K 0.04%
24,580
– –
TIF
694
DELISTED
Tiffany & Co.
TIF
$908K 0.04%
9,300
– –
ZION icon
695
Zions Bancorporation
ZION
$10.5B
$905K 0.04%
17,170
– –
BKH icon
696
Black Hills Corp
BKH
$5.64B
$904K 0.04%
16,640
+470
+3% +$25.1K
MTDR icon
697
Matador Resources
MTDR
$6.39B
$904K 0.04%
30,210
+1,040
+4% +$31.6K
TEX icon
698
Terex
TEX
$7.57B
$904K 0.04%
24,160
– –
CERN
699
DELISTED
Cerner Corp
CERN
$904K 0.04%
15,580
– –
ONB icon
700
Old National Bancorp
ONB
$10.4B
$903K 0.04%
53,450
+2,160
+4% +$38K
26 27
28
29 30

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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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.