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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
GHC icon
826
Graham Holdings Company
GHC
$4.97B
$540K 0.04%
790
-260
-25% -$174K
UFPI icon
827
UFP Industries
UFPI
$5.03B
$540K 0.04%
18,070
+240
+1% +$7.21K
DSKE
828
DELISTED
Daseke, Inc. Common Stock
DSKE
$540K 0.04%
106,020
– –
GWW icon
829
W.W. Grainger
GWW
$62.2B
$539K 0.04%
1,790
-600
-25% -$178K
MDCO
830
DELISTED
Medicines Co
MDCO
$539K 0.04%
19,270
+270
+1% +$6.36K
SUPN icon
831
Supernus Pharmaceuticals
SUPN
$2.74B
$537K 0.04%
15,320
+220
+1% +$8.19K
TCF
832
DELISTED
TCF Financial Corporation Common Stock
TCF
$536K 0.04%
13,020
-4,140
-24% -$179K
TBI
833
Trueblue
TBI
$309M
$534K 0.04%
22,580
+120
+0.5% +$2.8K
NPO icon
834
Enpro
NPO
$7.12B
$533K 0.04%
8,270
+50
+0.6% +$3.3K
OI icon
835
O-I Glass
OI
$1.05B
$533K 0.04%
28,100
-9,800
-26% -$190K
SPWH icon
836
Sportsman's Warehouse
SPWH
$46.8M
$533K 0.04%
110,950
– –
LTC
837
LTC Properties
LTC
$2.1B
$532K 0.04%
11,620
+160
+1% +$7.19K
NUVA
838
DELISTED
NuVasive, Inc.
NUVA
$532K 0.04%
9,370
-2,990
-24% -$159K
TRN icon
839
Trinity Industries
TRN
$2.34B
$530K 0.04%
24,390
-11,110
-31% -$254K
WD icon
840
Walker & Dunlop
WD
$1.47B
$527K 0.04%
10,370
-140
-1% -$7.11K
LTHM
841
DELISTED
Livent Corporation
LTHM
$527K 0.04%
+42,920
New +$559K
SAH icon
842
Sonic Automotive
SAH
$2.51B
$526K 0.04%
35,520
– –
CVLG icon
843
Covenant Logistics
CVLG
$880M
$525K 0.03%
55,360
– –
GDOT icon
844
Green Dot
GDOT
$770M
$525K 0.03%
8,650
-5,030
-37% -$351K
LE icon
845
Lands' End
LE
$390M
$524K 0.03%
31,530
– –
UMBF icon
846
UMB Financial
UMBF
$11.5B
$524K 0.03%
8,180
-2,530
-24% -$167K
VMI icon
847
Valmont Industries
VMI
$9.5B
$524K 0.03%
4,030
-1,360
-25% -$175K
GATX icon
848
GATX Corp
GATX
$6.33B
$523K 0.03%
6,850
-2,210
-24% -$165K
IPAR icon
849
Interparfums
IPAR
$3.7B
$523K 0.03%
6,900
+70
+1% +$4.9K
KLIC icon
850
Kulicke & Soffa
KLIC
$5.01B
$523K 0.03%
23,650
– –
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 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.