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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
NC icon
826
NACCO Industries
NC
$317M
$783K 0.04%
23,830
– –
ANH
827
DELISTED
Anworth Mortgage Asset Corporation
ANH
$780K 0.04%
162,450
– –
FISV
828
Fiserv Inc
FISV
$29.5B
$776K 0.04%
10,880
– –
PSA icon
829
Public Storage
PSA
$60.4B
$776K 0.04%
3,870
– –
ITGR icon
830
Integer Holdings
ITGR
$4.25B
$774K 0.04%
13,690
+760
+6% +$38.3K
IDCC icon
831
InterDigital
IDCC
$9.07B
$773K 0.04%
10,500
– –
PLAY icon
832
Dave & Buster's
PLAY
$361M
$772K 0.04%
18,510
+330
+2% +$15.2K
OSG
833
DELISTED
Overseas Shipholding Group Inc.
OSG
$770K 0.04%
271,180
– –
CLD
834
DELISTED
Cloud Peak Energy Inc
CLD
$769K 0.04%
264,290
– –
BGFV
835
DELISTED
Big 5 Sporting Goods
BGFV
$768K 0.04%
105,930
– –
BOOT icon
836
Boot Barn
BOOT
$4.87B
$768K 0.04%
43,330
– –
CLH icon
837
Clean Harbors
CLH
$16.7B
$768K 0.04%
15,730
– –
GEO icon
838
The GEO Group
GEO
$4.14B
$768K 0.04%
37,515
– –
HNRG icon
839
Hallador Energy
HNRG
$743M
$768K 0.04%
111,810
– –
JCP
840
DELISTED
J.C. Penney Company, Inc.
JCP
$767K 0.04%
254,010
+7,000
+3% +$25.2K
NWN icon
841
Northwest Natural Holdings
NWN
$2.12B
$766K 0.04%
13,290
+630
+5% +$35.4K
EXLS icon
842
EXL Service
EXLS
$5.36B
$762K 0.04%
68,300
+4,550
+7% +$54.3K
EW icon
843
Edwards Lifesciences
EW
$53.6B
$760K 0.04%
16,350
– –
AFI
844
DELISTED
Armstrong Flooring, Inc.
AFI
$760K 0.04%
56,010
– –
JACK icon
845
Jack in the Box
JACK
$358M
$759K 0.04%
8,900
– –
SEDG icon
846
SolarEdge
SEDG
$1.98B
$759K 0.04%
14,430
+1,130
+8% +$49.5K
YUM icon
847
Yum! Brands
YUM
$41B
$759K 0.04%
8,910
– –
EDR
848
DELISTED
Education Realty Trust Inc
EDR
$756K 0.04%
23,070
+930
+4% +$30.1K
TBI
849
Trueblue
TBI
$302M
$755K 0.04%
29,130
– –
VSH icon
850
Vishay Intertechnology
VSH
$5.11B
$755K 0.04%
40,570
– –
32 33
34
35 36

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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.