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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
DHC
876
Diversified Healthcare Trust
DHC
$2.03B
$511K 0.03%
43,340
-13,770
-24% -$176K
FHI icon
877
Federated Hermes
FHI
$4.74B
$510K 0.03%
17,400
-5,610
-24% -$156K
HOMB icon
878
Home BancShares
HOMB
$6.27B
$510K 0.03%
29,000
-9,170
-24% -$170K
CALY
879
Callaway Golf Company
CALY
$2.95B
$510K 0.03%
32,030
+360
+1% +$5.92K
AAT
880
American Assets Trust
AAT
$1.41B
$508K 0.03%
11,070
+140
+1% +$6.06K
CROX icon
881
Crocs
CROX
$6.36B
$507K 0.03%
19,700
– –
AMWD
882
DELISTED
American Woodmark
AMWD
$505K 0.03%
6,110
– –
BGSF icon
883
BGSF Inc
BGSF
$59.2M
$504K 0.03%
+23,070
New +$555K
WDR
884
DELISTED
Waddell & Reed Financial, Inc.
WDR
$503K 0.03%
29,120
-830
-3% -$14.6K
LPSN icon
885
LivePerson
LPSN
$35.9M
$502K 0.03%
1,153
+46
+4% +$17.2K
BANR icon
886
Banner Corp
BANR
$2.5B
$501K 0.03%
9,240
+70
+0.8% +$3.98K
FIS icon
887
Fidelity National Information Services
FIS
$22.8B
$501K 0.03%
4,430
-4,340
-49% -$463K
SFM icon
888
Sprouts Farmers Market
SFM
$7.71B
$501K 0.03%
23,260
-6,930
-23% -$163K
AVAV icon
889
AeroVironment
AVAV
$9.59B
$499K 0.03%
7,290
+80
+1% +$6.03K
TCBI icon
890
Texas Capital Bancshares
TCBI
$4.38B
$499K 0.03%
9,150
-2,760
-23% -$160K
UVSP icon
891
Univest Financial
UVSP
$1.19B
$499K 0.03%
+20,410
New +$498K
CORE
892
DELISTED
Core Mark Holding Co., Inc.
CORE
$498K 0.03%
13,400
+110
+0.8% +$3.46K
KR icon
893
Kroger
KR
$35.1B
$497K 0.03%
20,180
-10,750
-35% -$294K
REZI icon
894
Resideo Technologies
REZI
$3.1B
$497K 0.03%
25,786
-7,330
-22% -$162K
CHSP
895
DELISTED
Chesapeake Lodging Trust
CHSP
$497K 0.03%
17,860
+390
+2% +$11K
CVSA
896
Covista Inc
CVSA
$4.49B
$496K 0.03%
10,710
-3,690
-26% -$177K
TTMI icon
897
TTM Technologies
TTMI
$14.6B
$496K 0.03%
42,280
+910
+2% +$10.4K
DKS icon
898
Dick's Sporting Goods
DKS
$18.1B
$495K 0.03%
13,450
-4,810
-26% -$171K
HUM icon
899
Humana
HUM
$46.2B
$495K 0.03%
1,860
-1,840
-50% -$530K
LTXB
900
DELISTED
LegacyTexas Financial Group Inc
LTXB
$494K 0.03%
13,220
+210
+2% +$8.2K
34 35
36
37 38

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.