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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
EXPO icon
801
Exponent
EXPO
$3.22B
$809K 0.04%
20,580
+1,160
+6% +$43.9K
ABCB icon
802
Ameris Bancorp
ABCB
$5.94B
$808K 0.04%
15,270
+1,220
+9% +$65.6K
NWBI icon
803
Northwest Bancshares
NWBI
$2.31B
$808K 0.04%
48,780
+2,410
+5% +$40.6K
TDS icon
804
Telephone and Data Systems
TDS
$3.82B
$805K 0.04%
28,720
+970
+3% +$26.4K
CPE
805
DELISTED
Callon Petroleum Company
CPE
$805K 0.04%
6,081
– –
UFS
806
DELISTED
DOMTAR CORPORATION (New)
UFS
$805K 0.04%
18,930
– –
PLXS icon
807
Plexus
PLXS
$7.25B
$804K 0.04%
13,460
+810
+6% +$49.7K
GATX icon
808
GATX Corp
GATX
$6.34B
$801K 0.04%
11,700
– –
CAL icon
809
Caleres
CAL
$455M
$795K 0.04%
23,650
+1,020
+5% +$31.3K
ROIC
810
DELISTED
Retail Opportunity Investments Corp.
ROIC
$793K 0.04%
44,900
+3,370
+8% +$60.5K
FCX icon
811
Freeport-McMoran
FCX
$96.9B
$791K 0.04%
45,000
– –
DORM icon
812
Dorman Products
DORM
$3.97B
$790K 0.04%
11,930
+450
+4% +$32.1K
UAL icon
813
United Airlines
UAL
$40.6B
$789K 0.04%
11,360
– –
KWR icon
814
Quaker Houghton
KWR
$2.95B
$788K 0.04%
5,320
+280
+6% +$42.4K
TREE icon
815
LendingTree
TREE
$444M
$788K 0.04%
2,400
-450
-16% -$162K
RTEC
816
DELISTED
Rudolph Technologies Inc
RTEC
$788K 0.04%
28,450
+820
+3% +$22K
TTMI icon
817
TTM Technologies
TTMI
$14.5B
$787K 0.04%
51,460
+2,300
+5% +$37.4K
VSEC icon
818
VSE Corp
VSEC
$6.81B
$787K 0.04%
15,210
– –
INDB icon
819
Independent Bank
INDB
$4.05B
$786K 0.04%
10,990
+600
+6% +$43.2K
BEN icon
820
Franklin Resources
BEN
$17.1B
$785K 0.04%
22,620
– –
IRBT
821
DELISTED
iRobot
IRBT
$785K 0.04%
12,230
+690
+6% +$51.9K
REX icon
822
REX American Resources
REX
$1.44B
$785K 0.04%
64,740
– –
CRUS icon
823
Cirrus Logic
CRUS
$6.11B
$784K 0.04%
19,300
– –
ROST icon
824
Ross Stores
ROST
$79.6B
$784K 0.04%
10,050
– –
MATW icon
825
Matthews International
MATW
$725M
$783K 0.04%
15,460
+720
+5% +$38.2K
31 32
33
34 35

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 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.