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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
INWK
901
DELISTED
InnerWorkings, Inc.
INWK
$717K 0.03%
79,280
– –
WAGE
902
DELISTED
WageWorks, Inc.
WAGE
$717K 0.03%
15,860
+830
+6% +$45.4K
HELE icon
903
Helen of Troy
HELE
$696M
$716K 0.03%
8,230
– –
CWT icon
904
California Water Service
CWT
$3.09B
$714K 0.03%
19,160
+1,000
+6% +$39.9K
IPG
905
DELISTED
Interpublic Group of Companies
IPG
$714K 0.03%
31,020
– –
NTCT icon
906
NETSCOUT
NTCT
$2.87B
$714K 0.03%
27,080
– –
DVA icon
907
DaVita
DVA
$11.6B
$713K 0.03%
10,820
– –
NBN icon
908
Northeast Bank
NBN
$1.15B
$712K 0.03%
34,730
– –
QEP
909
DELISTED
QEP RESOURCES, INC.
QEP
$712K 0.03%
72,740
– –
ADSK icon
910
Autodesk
ADSK
$52.7B
$711K 0.03%
5,660
– –
SPTN
911
DELISTED
SpartanNash
SPTN
$708K 0.03%
41,160
– –
WBD icon
912
Warner Bros
WBD
$69.6B
$708K 0.03%
33,000
– –
KLIC icon
913
Kulicke & Soffa
KLIC
$4.98B
$705K 0.03%
28,200
+1,290
+5% +$31.1K
FELE icon
914
Franklin Electric
FELE
$4.75B
$704K 0.03%
17,270
+850
+5% +$36.5K
PRGS icon
915
Progress Software
PRGS
$1.79B
$703K 0.03%
18,280
– –
MNRO icon
916
Monro
MNRO
$359M
$702K 0.03%
13,100
+710
+6% +$39.4K
CSGS
917
DELISTED
CSG Systems International
CSGS
$699K 0.03%
15,430
+680
+5% +$31.2K
CXW icon
918
CoreCivic
CXW
$3.32B
$698K 0.03%
35,740
– –
HMN icon
919
Horace Mann Educators
HMN
$2.09B
$696K 0.03%
16,290
+890
+6% +$37.9K
WYNN icon
920
Wynn Resorts
WYNN
$10.6B
$694K 0.03%
3,810
– –
DFS
921
DELISTED
Discover Financial Services
DFS
$692K 0.03%
9,620
– –
FCF icon
922
First Commonwealth Financial
FCF
$2.18B
$692K 0.03%
48,970
+2,260
+5% +$32.7K
MCO icon
923
Moody's
MCO
$82.8B
$692K 0.03%
4,290
– –
ULTA icon
924
Ulta Beauty
ULTA
$22.9B
$692K 0.03%
3,390
– –
KAMN
925
DELISTED
Kaman Corp
KAMN
$690K 0.03%
11,100
+600
+6% +$36.8K
35 36
37
38 39

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AI
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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.