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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
AAN.A
726
DELISTED
The Aaron's Company Inc Class A
AAN.A
$877K 0.04%
18,820
– –
SAIA icon
727
Saia
SAIA
$10.1B
$876K 0.04%
11,660
+630
+6% +$46.8K
KSU
728
DELISTED
Kansas City Southern
KSU
$876K 0.04%
7,970
– –
BOCH
729
DELISTED
Bank of Commerce Holdings (CA)
BOCH
$876K 0.04%
75,230
– –
MDLY
730
DELISTED
Medley Management Inc
MDLY
$876K 0.04%
15,376
– –
AXE
731
DELISTED
Anixter International Inc
AXE
$876K 0.04%
11,570
+620
+6% +$48.3K
ROG icon
732
Rogers Corp
ROG
$2.46B
$875K 0.04%
7,320
+440
+6% +$66.9K
MANH icon
733
Manhattan Associates
MANH
$11.7B
$873K 0.04%
20,850
– –
AEP icon
734
American Electric Power
AEP
$68.3B
$872K 0.04%
12,710
– –
ALTO icon
735
Alto Ingredients
ALTO
$326M
$871K 0.04%
290,440
– –
DECK icon
736
Deckers Outdoor
DECK
$12.7B
$871K 0.04%
58,080
– –
BKS
737
DELISTED
Barnes & Noble
BKS
$871K 0.04%
176,140
– –
COO icon
738
Cooper Companies
COO
$14.9B
$869K 0.04%
15,200
– –
EQIX icon
739
Equinix
EQIX
$106B
$868K 0.04%
2,076
+60
+3% +$25.2K
CTG
740
DELISTED
Computer Task Group, Inc.
CTG
$868K 0.04%
105,950
– –
WMC
741
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$868K 0.04%
8,961
– –
AN icon
742
AutoNation
AN
$6.89B
$867K 0.04%
18,540
+600
+3% +$32.1K
CWBC
743
Community West Bancshares
CWBC
$706M
$867K 0.04%
44,330
– –
AVAV icon
744
AeroVironment
AVAV
$9.59B
$866K 0.04%
19,030
+500
+3% +$25K
KMPR icon
745
Kemper
KMPR
$1.59B
$866K 0.04%
15,190
+450
+3% +$27.6K
AWR icon
746
American States Water
AWR
$3.52B
$865K 0.04%
16,300
+790
+5% +$42.7K
PLD icon
747
Prologis
PLD
$134B
$865K 0.04%
13,740
– –
ALGT icon
748
Allegiant Air
ALGT
$2.36B
$864K 0.04%
5,010
+290
+6% +$48K
SEE
749
DELISTED
Sealed Air
SEE
$863K 0.04%
20,170
– –
CHDN icon
750
Churchill Downs
CHDN
$6.2B
$861K 0.04%
21,180
-2,280
-10% -$97K
28 29
30
31 32

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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 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.