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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
CHDN icon
751
Churchill Downs
CHDN
$6.2B
$589K 0.04%
13,060
-3,980
-23% -$178K
PRGS icon
752
Progress Software
PRGS
$1.83B
$589K 0.04%
13,270
+250
+2% +$9.14K
SWKS icon
753
Skyworks Solutions
SWKS
$10.5B
$589K 0.04%
7,140
-2,360
-25% -$182K
TCO
754
DELISTED
Taubman Centers Inc.
TCO
$589K 0.04%
11,130
-3,530
-24% -$179K
VYX icon
755
NCR Voyix
VYX
$1.17B
$588K 0.04%
35,127
-11,051
-24% -$183K
ICE icon
756
Intercontinental Exchange
ICE
$87.2B
$587K 0.04%
7,710
-7,640
-50% -$572K
ATI icon
757
ATI
ATI
$30.9B
$586K 0.04%
22,910
-7,300
-24% -$192K
MANT
758
DELISTED
Mantech International Corp
MANT
$586K 0.04%
10,860
+150
+1% +$8.22K
CJ
759
DELISTED
C&J Energy Services, Inc.
CJ
$585K 0.04%
37,690
– –
ODP
760
DELISTED
ODP
ODP
$582K 0.04%
16,037
– –
EMR icon
761
Emerson Electric
EMR
$91.6B
$581K 0.04%
8,480
-8,400
-50% -$552K
FELE icon
762
Franklin Electric
FELE
$4.68B
$581K 0.04%
11,370
+160
+1% +$7.88K
KMB icon
763
Kimberly-Clark
KMB
$36.8B
$581K 0.04%
4,690
-4,570
-49% -$531K
CHX
764
DELISTED
ChampionX
CHX
$579K 0.04%
14,100
-4,490
-24% -$166K
VLY icon
765
Valley National Bancorp
VLY
$8.3B
$579K 0.04%
60,430
-19,230
-24% -$196K
VSEC icon
766
VSE Corp
VSEC
$6.48B
$579K 0.04%
18,350
– –
UCB
767
United Community Banks
UCB
$4.43B
$579K 0.04%
23,220
+330
+1% +$8.57K
ROIC
768
DELISTED
Retail Opportunity Investments Corp.
ROIC
$579K 0.04%
33,410
+790
+2% +$13.5K
SMBK icon
769
SmartFinancial
SMBK
$899M
$578K 0.04%
30,550
– –
SANM icon
770
Sanmina
SANM
$11.1B
$577K 0.04%
20,010
+350
+2% +$10.3K
SHBI icon
771
Shore Bancshares
SHBI
$799M
$577K 0.04%
38,690
– –
CRZO
772
DELISTED
Carrizo Oil & Gas Inc
CRZO
$577K 0.04%
46,200
+310
+0.7% +$3.69K
SYNH
773
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$575K 0.04%
11,100
-3,490
-24% -$169K
STX icon
774
Seagate
STX
$209B
$574K 0.04%
11,980
-3,940
-25% -$175K
KN icon
775
Knowles
KN
$3.23B
$572K 0.04%
32,460
+380
+1% +$5.88K
29 30
31
32 33

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.