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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
RDNT icon
876
RadNet
RDNT
$6.06B
$734K 0.04%
+50,950
New +$555K
MLM icon
877
Martin Marietta Materials
MLM
$32.7B
$732K 0.04%
3,530
– –
IVR icon
878
Invesco Mortgage Capital
IVR
$805M
$730K 0.04%
4,457
+236
+6% +$38.9K
CALY
879
Callaway Golf Company
CALY
$2.95B
$730K 0.04%
44,650
+2,080
+5% +$31.7K
HF
880
DELISTED
HFF Inc.
HF
$730K 0.04%
14,690
+900
+7% +$43.1K
CA
881
DELISTED
CA, Inc.
CA
$730K 0.04%
21,520
– –
GTLS
882
DELISTED
Chart Industries
GTLS
$729K 0.04%
12,350
+710
+6% +$38.2K
FFBC icon
883
First Financial Bancorp
FFBC
$3.6B
$728K 0.04%
24,800
+1,270
+5% +$35.8K
AIN icon
884
Albany International
AIN
$1.81B
$726K 0.04%
11,580
+640
+6% +$40.9K
IRM icon
885
Iron Mountain
IRM
$37B
$726K 0.04%
22,110
+540
+3% +$18.2K
HCA icon
886
HCA Healthcare
HCA
$89.8B
$725K 0.04%
7,470
– –
MZTI
887
The Marzetti Company
MZTI
$3.18B
$725K 0.04%
5,890
– –
LTXB
888
DELISTED
LegacyTexas Financial Group Inc
LTXB
$725K 0.04%
16,940
+1,040
+7% +$45.6K
SIG icon
889
Signet Jewelers
SIG
$3.59B
$724K 0.04%
18,790
+17,230
+1,104% +$856K
STX icon
890
Seagate
STX
$209B
$724K 0.04%
12,370
– –
UFI icon
891
UNIFI
UFI
$127M
$724K 0.04%
19,960
+420
+2% +$15K
BANR icon
892
Banner Corp
BANR
$2.5B
$723K 0.04%
13,030
+470
+4% +$26.2K
MTB icon
893
M&T Bank
MTB
$36.6B
$723K 0.04%
3,920
– –
MANT
894
DELISTED
Mantech International Corp
MANT
$723K 0.04%
13,040
+670
+5% +$35.8K
RH icon
895
RH
RH
$3.41B
$722K 0.04%
7,580
+510
+7% +$45.2K
TVTY
896
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$722K 0.04%
18,200
+5,380
+42% +$209K
FCN icon
897
FTI Consulting
FCN
$4.24B
$720K 0.04%
14,880
– –
FNSR
898
DELISTED
Finisar Corp
FNSR
$720K 0.04%
+45,540
New +$860K
CCOI icon
899
Cogent Communications
CCOI
$525M
$717K 0.03%
16,520
+870
+6% +$38.2K
NTGR icon
900
NETGEAR
NTGR
$658M
$717K 0.03%
12,530
+350
+3% +$21.5K
34 35
36
37 38

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SFM
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AI
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PEA
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SUT
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WPL
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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.