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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
MCD icon
51
McDonald's
MCD
$195B
$5.71M 0.38%
30,040
-10,480
-26% -$1.9M
WFC icon
52
Wells Fargo
WFC
$269B
$5.69M 0.38%
117,780
-58,900
-33% -$2.9M
ABT icon
53
Abbott
ABT
$192B
$5.56M 0.37%
69,518
-23,330
-25% -$1.74M
NFLX icon
54
Netflix
NFLX
$309B
$5.51M 0.37%
154,400
-57,900
-27% -$2.01M
ORCL icon
55
Oracle
ORCL
$442B
$5.49M 0.37%
102,270
-41,410
-29% -$2.11M
LLY icon
56
Eli Lilly
LLY
$1.09T
$5.43M 0.36%
41,820
-12,910
-24% -$1.57M
PM icon
57
Philip Morris
PM
$290B
$5.27M 0.35%
59,610
-20,700
-26% -$1.67M
UNP icon
58
Union Pacific
UNP
$174B
$5.19M 0.35%
31,040
-9,890
-24% -$1.59M
WMT icon
59
Walmart Inc
WMT
$923B
$5.14M 0.34%
158,250
-57,780
-27% -$1.87M
CRM icon
60
Salesforce
CRM
$158B
$5.14M 0.34%
32,460
-9,880
-23% -$1.53M
ADBE icon
61
Adobe
ADBE
$103B
$5.09M 0.34%
19,120
-6,540
-25% -$1.65M
ACN icon
62
Accenture
ACN
$110B
$5.04M 0.34%
28,660
-8,580
-23% -$1.35M
MMM icon
63
3M
MMM
$94.8B
$4.94M 0.33%
28,453
-9,400
-25% -$1.58M
C icon
64
Citigroup
C
$231B
$4.92M 0.33%
79,160
-34,530
-30% -$2.14M
IBM icon
65
IBM
IBM
$222B
$4.9M 0.33%
36,338
-12,772
-26% -$1.63M
GOOG icon
66
Alphabet (Google) Class C
GOOG
$4.19T
$4.88M 0.33%
83,260
-82,000
-50% -$4.6M
HON icon
67
Honeywell
HON
$74.6B
$4.8M 0.32%
32,063
-10,526
-25% -$1.47M
MDT icon
68
Medtronic
MDT
$116B
$4.71M 0.31%
51,730
-18,080
-26% -$1.62M
AMGN icon
69
Amgen
AMGN
$225B
$4.68M 0.31%
24,660
-8,750
-26% -$1.67M
DD icon
70
DuPont de Nemours
DD
$19.5B
$4.52M 0.3%
33,467
-12,202
-27% -$1.69M
MO icon
71
Altria Group
MO
$107B
$4.49M 0.3%
78,110
-25,180
-24% -$1.29M
ABBV icon
72
AbbVie
ABBV
$440B
$4.47M 0.3%
55,530
-20,300
-27% -$1.66M
NVDA icon
73
NVIDIA
NVDA
$5.43T
$3.88M 0.26%
864,000
-320,000
-27% -$1.24M
GE icon
74
GE Aerospace
GE
$379B
$3.8M 0.25%
76,336
-26,973
-26% -$1.27M
RTX icon
75
RTX Corp
RTX
$300B
$3.29M 0.22%
40,602
-17,098
-30% -$1.3M
1 2
3
4 5

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VAS
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SFM
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AI
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HI
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PEA
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SUT
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MU
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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.