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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
HEP
51
DELISTED
Holly Energy Partners, L.P.
HEP
$5.7M 0.28%
206,740
+120,170
+139% +$3.66M
ANDX
52
DELISTED
Andeavor Logistics LP
ANDX
$5.7M 0.28%
127,120
+65,570
+107% +$3.2M
BWP
53
DELISTED
Boardwalk Pipeline Partners
BWP
$5.69M 0.28%
560,400
+361,010
+181% +$4.28M
BMY icon
54
Bristol-Myers Squibb
BMY
$130B
$5.67M 0.28%
89,680
+410
+0.5% +$26.4K
EPD icon
55
Enterprise Products Partners
EPD
$81.9B
$5.67M 0.28%
231,490
+118,580
+105% +$3.16M
MPLX icon
56
MPLX
MPLX
$60.8B
$5.67M 0.28%
171,510
+86,440
+102% +$3.1M
RTX icon
57
RTX Corp
RTX
$300B
$5.63M 0.27%
71,108
+477
+0.7% +$39.4K
RMP
58
DELISTED
Rice Midstream Partners LP
RMP
$5.54M 0.27%
305,950
+168,210
+122% +$3.43M
STC icon
59
Stewart Information Services
STC
$2B
$5.53M 0.27%
125,950
+490
+0.4% +$21.1K
EQM
60
DELISTED
EQM Midstream Partners, LP
EQM
$5.49M 0.27%
93,060
+53,620
+136% +$3.64M
AVGO icon
61
Broadcom
AVGO
$1.98T
$5.44M 0.26%
230,680
+2,500
+1% +$62.9K
WES
62
DELISTED
Western Gas Partners Lp
WES
$5.43M 0.26%
127,250
+70,050
+122% +$3.41M
GILD icon
63
Gilead Sciences
GILD
$168B
$5.42M 0.26%
71,850
+580
+0.8% +$46.1K
NGL icon
64
NGL Energy Partners
NGL
$2.12B
$5.4M 0.26%
+490,740
New +$6.75M
MMP
65
DELISTED
Magellan Midstream Partners, L.P.
MMP
$5.39M 0.26%
92,430
+50,830
+122% +$3.41M
WPZ
66
DELISTED
Williams Partners L.P.
WPZ
$5.39M 0.26%
156,550
+81,290
+108% +$3.17M
ETP
67
DELISTED
Energy Transfer Partners, L.P.
ETP
$5.37M 0.26%
330,940
+173,070
+110% +$3.22M
SEP
68
DELISTED
Spectra Engy Parters Lp
SEP
$5.22M 0.25%
155,100
+88,700
+134% +$3.54M
NS
69
DELISTED
NuStar Energy L.P.
NS
$5.21M 0.25%
255,450
+183,530
+255% +$4.92M
ENLK
70
DELISTED
EnLink Midstream Partners, LP
ENLK
$5.19M 0.25%
379,940
+200,400
+112% +$3.19M
SHLX
71
DELISTED
Shell Midstream Partners, L.P.
SHLX
$5.13M 0.25%
243,940
+136,240
+126% +$3.59M
GE icon
72
GE Aerospace
GE
$379B
$4.82M 0.23%
74,645
+797
+1% +$59.1K
WM icon
73
Waste Management
WM
$90.5B
$4.69M 0.23%
55,750
– –
BPL
74
DELISTED
Buckeye Partners, L.P.
BPL
$4.67M 0.23%
124,910
+73,260
+142% +$3.56M
LLY icon
75
Eli Lilly
LLY
$1.09T
$4.65M 0.23%
60,050
+230
+0.4% +$18.5K
1 2
3
4 5

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AI
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HI
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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.