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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
FULT icon
926
Fulton Financial
FULT
$4.69B
$481K 0.03%
31,070
-11,210
-27% -$183K
YELP icon
927
Yelp
YELP
$1.32B
$481K 0.03%
13,930
-4,570
-25% -$165K
MAR icon
928
Marriott International
MAR
$91.9B
$480K 0.03%
3,834
-4,030
-51% -$474K
DEA
929
Easterly Government Properties
DEA
$1.18B
$479K 0.03%
10,644
+172
+2% +$7.55K
KAMN
930
DELISTED
Kaman Corp
KAMN
$479K 0.03%
8,200
+100
+1% +$5.89K
GPOR
931
DELISTED
Gulfport Energy Corp.
GPOR
$479K 0.03%
+59,660
New +$475K
HNRG icon
932
Hallador Energy
HNRG
$730M
$478K 0.03%
90,890
– –
WLH
933
DELISTED
WILLIAM LYON HOMES
WLH
$477K 0.03%
31,090
+210
+0.7% +$2.9K
CATY icon
934
Cathay General Bancorp
CATY
$4.31B
$476K 0.03%
14,040
-4,300
-23% -$158K
FISV
935
Fiserv Inc
FISV
$29.5B
$476K 0.03%
5,390
-5,490
-50% -$453K
GCAP
936
DELISTED
Gain Capital Holdings, Inc.
GCAP
$476K 0.03%
+75,810
New +$504K
NAVG
937
DELISTED
Navigators Group Inc
NAVG
$476K 0.03%
6,810
+90
+1% +$6.28K
BMI icon
938
Badger Meter
BMI
$3.78B
$475K 0.03%
8,530
+110
+1% +$6.11K
MXL icon
939
MaxLinear
MXL
$6.95B
$475K 0.03%
18,610
+550
+3% +$12K
TREE icon
940
LendingTree
TREE
$461M
$475K 0.03%
1,350
-490
-27% -$148K
DIN icon
941
Dine Brands
DIN
$440M
$474K 0.03%
5,190
+70
+1% +$5.95K
NSA
942
DELISTED
National Storage Affiliates Trust
NSA
$473K 0.03%
16,580
+230
+1% +$6.38K
ACHC icon
943
Acadia Healthcare
ACHC
$2.82B
$472K 0.03%
16,090
-4,880
-23% -$138K
BGS icon
944
B&G Foods
BGS
$299M
$472K 0.03%
19,330
+260
+1% +$6.81K
WMB icon
945
Williams Companies
WMB
$89.3B
$471K 0.03%
16,390
-15,950
-49% -$428K
CUB
946
DELISTED
Cubic Corporation
CUB
$471K 0.03%
8,370
+240
+3% +$14.2K
LGND icon
947
Ligand Pharmaceuticals
LGND
$5.76B
$470K 0.03%
5,995
-2,132
-26% -$162K
ROST icon
948
Ross Stores
ROST
$78.6B
$470K 0.03%
5,050
-5,000
-50% -$459K
ENDP
949
DELISTED
Endo International plc
ENDP
$470K 0.03%
58,530
+890
+2% +$8.37K
ATVI
950
DELISTED
Activision Blizzard
ATVI
$470K 0.03%
10,330
-10,140
-50% -$458K
36 37
38
39 40

Similar funds

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
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
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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.