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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
CHMI
751
Cherry Hill Mortgage Investment Corp
CHMI
$108M
$859K 0.04%
48,960
– –
WLY icon
752
John Wiley & Sons Class A
WLY
$2.63B
$859K 0.04%
13,480
– –
MSA icon
753
Mine Safety
MSA
$7.32B
$856K 0.04%
10,280
– –
CHK
754
DELISTED
Chesapeake Energy Corporation
CHK
$853K 0.04%
1,413
+1,293
+1,078% +$867K
SHW icon
755
Sherwin-Williams
SHW
$87.8B
$851K 0.04%
6,510
+150
+2% +$20.4K
RPT
756
Rithm Property Trust
RPT
$101M
$851K 0.04%
10,830
– –
PVH icon
757
PVH
PVH
$3.77B
$850K 0.04%
5,610
– –
INGN icon
758
Inogen
INGN
$154M
$849K 0.04%
6,910
+510
+8% +$62.3K
JCI icon
759
Johnson Controls International
JCI
$91.7B
$849K 0.04%
24,087
– –
MDCO
760
DELISTED
Medicines Co
MDCO
$849K 0.04%
25,760
+1,560
+6% +$48.7K
ACIW icon
761
ACI Worldwide
ACIW
$5.42B
$847K 0.04%
35,700
– –
GHC icon
762
Graham Holdings Company
GHC
$4.97B
$843K 0.04%
1,400
– –
BAX icon
763
Baxter International
BAX
$14B
$842K 0.04%
12,950
– –
BCRH
764
DELISTED
BLUE CAPITAL REINSURANCE HOLDINGS LTD.
BCRH
$842K 0.04%
69,010
– –
EPC icon
765
Edgewell Personal Care
EPC
$1.31B
$841K 0.04%
17,230
– –
DBI icon
766
Designer Brands
DBI
$312M
$840K 0.04%
37,420
+1,530
+4% +$31.4K
AIZ icon
767
Assurant
AIZ
$13.9B
$839K 0.04%
9,180
– –
AJRD
768
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$839K 0.04%
30,000
+1,570
+6% +$44.3K
CBZ icon
769
CBIZ
CBZ
$2.96B
$838K 0.04%
45,900
– –
J icon
770
Jacobs Solutions
J
$16.8B
$838K 0.04%
17,119
– –
DRH icon
771
Diamondrock Hospitality Co
DRH
$2.51B
$836K 0.04%
80,100
+4,280
+6% +$47.3K
FLOW
772
DELISTED
SPX FLOW, Inc.
FLOW
$835K 0.04%
16,970
+960
+6% +$46.7K
ACRE
773
Ares Commercial Real Estate
ACRE
$264M
$834K 0.04%
67,570
– –
AZTA icon
774
Azenta
AZTA
$1.49B
$834K 0.04%
30,780
+1,730
+6% +$47.1K
AXON
775
Axon Enterprise
AXON
$50B
$833K 0.04%
21,180
+1,180
+6% +$36.8K
29 30
31
32 33

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SFM
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AI
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PEA
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SUT
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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.