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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
UVV icon
776
Universal Corp
UVV
$1.12B
$570K 0.04%
9,890
+100
+1% +$5.75K
NEO icon
777
NeoGenomics
NEO
$2.11B
$569K 0.04%
+27,800
New +$483K
UFS
778
DELISTED
DOMTAR CORPORATION (New)
UFS
$569K 0.04%
11,470
-3,650
-24% -$174K
CTSH icon
779
Cognizant
CTSH
$26.7B
$568K 0.04%
7,840
-7,690
-50% -$538K
PLAY icon
780
Dave & Buster's
PLAY
$370M
$568K 0.04%
11,390
– –
APC
781
DELISTED
Anadarko Petroleum
APC
$568K 0.04%
12,480
-6,820
-35% -$309K
PFS icon
782
Provident Financial Services
PFS
$3.26B
$566K 0.04%
21,850
+4,070
+23% +$107K
EGHT icon
783
8x8 Inc
EGHT
$303M
$565K 0.04%
27,960
+970
+4% +$19K
FN icon
784
Fabrinet
FN
$20.3B
$565K 0.04%
10,800
+260
+2% +$14.2K
AOSL icon
785
Alpha and Omega Semiconductor
AOSL
$916M
$564K 0.04%
48,960
– –
LZB icon
786
La-Z-Boy
LZB
$1.67B
$564K 0.04%
17,080
+230
+1% +$7.26K
HII icon
787
Huntington Ingalls Industries
HII
$12.8B
$563K 0.04%
2,720
-610
-18% -$125K
RH icon
788
RH
RH
$3.4B
$563K 0.04%
5,470
-190
-3% -$25.9K
SMG icon
789
ScottsMiracle-Gro
SMG
$3.59B
$563K 0.04%
7,160
-2,190
-23% -$165K
GNL icon
790
Global Net Lease
GNL
$1.9B
$559K 0.04%
29,580
+2,870
+11% +$54.8K
LXP icon
791
LXP Industrial Trust
LXP
$3.58B
$559K 0.04%
12,350
– –
HELE icon
792
Helen of Troy
HELE
$699M
$558K 0.04%
4,810
-1,520
-24% -$175K
MZTI
793
The Marzetti Company
MZTI
$3.22B
$558K 0.04%
3,560
-1,130
-24% -$182K
CVET
794
DELISTED
Covetrus, Inc. Common Stock
CVET
$557K 0.04%
+17,491
New +$621K
AON icon
795
Aon
AON
$75.7B
$556K 0.04%
3,260
-3,310
-50% -$537K
CLB icon
796
Core Laboratories
CLB
$569M
$556K 0.04%
8,060
-2,570
-24% -$172K
PTEN icon
797
Patterson-UTI
PTEN
$4.16B
$556K 0.04%
39,640
-13,240
-25% -$174K
RVSB icon
798
Riverview Bancorp
RVSB
$107M
$556K 0.04%
76,010
– –
NWN icon
799
Northwest Natural Holdings
NWN
$2.14B
$555K 0.04%
8,450
+120
+1% +$7.52K
CALM icon
800
Cal-Maine
CALM
$3.87B
$554K 0.04%
12,430
+110
+0.9% +$4.79K
30 31
32
33 34

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VAS
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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.