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
SLAB icon
701
Silicon Laboratories
SLAB
$7.28B
$636K 0.04%
7,870
-2,550
-24% -$212K
NOC icon
702
Northrop Grumman
NOC
$81.6B
$634K 0.04%
2,350
-2,330
-50% -$636K
SBRA icon
703
Sabra Healthcare REIT
SBRA
$5.15B
$633K 0.04%
32,500
-10,350
-24% -$196K
CVBF icon
704
CVB Financial
CVBF
$4.08B
$632K 0.04%
30,030
+410
+1% +$8.99K
X
705
DELISTED
US Steel
X
$630K 0.04%
32,320
-10,270
-24% -$218K
COHR
706
DELISTED
Coherent Inc
COHR
$629K 0.04%
4,440
-1,390
-24% -$176K
TCF
707
DELISTED
TCF Financial Corporation
TCF
$629K 0.04%
30,410
-9,890
-25% -$216K
AGN
708
DELISTED
Allergan plc
AGN
$628K 0.04%
4,291
-4,280
-50% -$621K
FNB icon
709
FNB Corp
FNB
$6.88B
$627K 0.04%
59,120
-18,810
-24% -$216K
HWC icon
710
Hancock Whitney
HWC
$6.37B
$627K 0.04%
15,530
-4,980
-24% -$204K
PGTI
711
DELISTED
PGT, Inc.
PGTI
$627K 0.04%
45,290
+230
+0.5% +$3.64K
BBY icon
712
Best Buy
BBY
$18B
$626K 0.04%
8,810
-3,700
-30% -$231K
FF icon
713
Future Fuel
FF
$249M
$626K 0.04%
46,720
– –
CTB
714
DELISTED
Cooper Tire & Rubber Co.
CTB
$626K 0.04%
20,930
+200
+1% +$6.43K
FISI icon
715
Financial Institutions
FISI
$825M
$619K 0.04%
22,790
– –
FLOW
716
DELISTED
SPX FLOW, Inc.
FLOW
$619K 0.04%
19,400
+160
+0.8% +$5.26K
BEAT
717
DELISTED
BioTelemetry, Inc.
BEAT
$619K 0.04%
9,880
+420
+4% +$28.9K
ILMN icon
718
Illumina
ILMN
$29.1B
$618K 0.04%
2,046
-2,015
-50% -$588K
AZTA icon
719
Azenta
AZTA
$1.49B
$617K 0.04%
21,040
+610
+3% +$18.4K
IBCP icon
720
Independent Bank Corp
IBCP
$854M
$617K 0.04%
28,710
– –
GWB
721
DELISTED
Great Western Bancorp, Inc.
GWB
$615K 0.04%
19,480
– –
CTRE icon
722
CareTrust REIT
CTRE
$9.18B
$613K 0.04%
26,120
+2,700
+12% +$59.1K
PLD icon
723
Prologis
PLD
$134B
$613K 0.04%
8,520
-8,310
-49% -$567K
LAD icon
724
Lithia Motors
LAD
$8.32B
$612K 0.04%
6,600
-190
-3% -$16.5K
NWBI icon
725
Northwest Bancshares
NWBI
$2.31B
$610K 0.04%
35,950
+6,110
+20% +$108K
27 28
29
30 31

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.