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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
SAM icon
951
Boston Beer
SAM
$1.9B
$469K 0.03%
1,590
-460
-22% -$126K
SYKE
952
DELISTED
SYKES Enterprises Inc
SYKE
$469K 0.03%
16,590
+140
+0.9% +$3.95K
DAN icon
953
Dana Inc
DAN
$3.26B
$468K 0.03%
26,370
-8,370
-24% -$148K
EIG icon
954
Employers Holdings
EIG
$871M
$468K 0.03%
11,690
+130
+1% +$5.49K
MUSA icon
955
Murphy USA
MUSA
$10.4B
$468K 0.03%
5,470
-1,770
-24% -$140K
CADE
956
DELISTED
Cadence Bank
CADE
$467K 0.03%
16,540
-4,790
-22% -$142K
CAI
957
DELISTED
CAI International, Inc.
CAI
$467K 0.03%
20,130
– –
AMCX icon
958
AMC Global Media
AMCX
$496M
$466K 0.03%
8,210
-2,560
-24% -$157K
SRE icon
959
Sempra
SRE
$56.5B
$466K 0.03%
7,400
-7,220
-49% -$425K
EGBN icon
960
Eagle Bancorp
EGBN
$877M
$465K 0.03%
9,260
+130
+1% +$7.09K
PCH
961
DELISTED
PotlatchDeltic
PCH
$465K 0.03%
12,314
-3,930
-24% -$140K
F icon
962
Ford
F
$55.4B
$464K 0.03%
52,890
-52,230
-50% -$449K
INVA icon
963
Innoviva
INVA
$1.5B
$464K 0.03%
33,070
+270
+0.8% +$4.37K
SWN
964
DELISTED
Southwestern Energy Company
SWN
$464K 0.03%
99,010
-40,260
-29% -$174K
PLCE icon
965
Children's Place
PLCE
$53.4M
$463K 0.03%
4,760
+40
+0.8% +$3.65K
WIRE
966
DELISTED
Encore Wire Corp
WIRE
$463K 0.03%
8,090
+90
+1% +$4.99K
IPI icon
967
Intrepid Potash
IPI
$484M
$462K 0.03%
12,190
– –
USCR
968
DELISTED
U S Concrete, Inc.
USCR
$462K 0.03%
11,160
– –
ADSK icon
969
Autodesk
ADSK
$54.5B
$461K 0.03%
2,960
-2,850
-49% -$426K
ITRI icon
970
Itron
ITRI
$4.5B
$461K 0.03%
9,880
+100
+1% +$5.3K
NAVI icon
971
Navient
NAVI
$867M
$460K 0.03%
39,800
-16,140
-29% -$185K
AX icon
972
Axos Financial
AX
$5.72B
$459K 0.03%
15,840
-140
-0.9% -$4.2K
CRUS icon
973
Cirrus Logic
CRUS
$6.08B
$459K 0.03%
10,910
-3,760
-26% -$145K
CVLT icon
974
Commault Systems
CVLT
$6.26B
$459K 0.03%
7,090
-2,140
-23% -$138K
DGII icon
975
Digi International
DGII
$3.23B
$459K 0.03%
36,230
+28,580
+374% +$357K
37 38
39
40 41

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SFM
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AI
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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.