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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
ADBE icon
76
Adobe
ADBE
$103B
$4.53M 0.22%
20,950
+130
+0.6% +$26.4K
EEP
77
DELISTED
Enbridge Energy Partners
EEP
$4.49M 0.22%
465,520
+275,860
+145% +$3.62M
TXN icon
78
Texas Instruments
TXN
$253B
$4.26M 0.21%
40,970
+200
+0.5% +$21.7K
TCP
79
DELISTED
TC Pipelines LP
TCP
$4.24M 0.21%
122,300
+65,590
+116% +$3.23M
MSCI icon
80
MSCI
MSCI
$40.9B
$4.18M 0.2%
27,950
+710
+3% +$102K
UNP icon
81
Union Pacific
UNP
$174B
$4.11M 0.2%
30,550
– –
ITW icon
82
Illinois Tool Works
ITW
$83.3B
$4.04M 0.2%
25,790
– –
BR icon
83
Broadridge
BR
$19.3B
$3.98M 0.19%
36,240
+1,010
+3% +$100K
ABMD
84
DELISTED
Abiomed Inc
ABMD
$3.8M 0.18%
13,070
+400
+3% +$101K
EZPW icon
85
Ezcorp Inc
EZPW
$1.78B
$3.71M 0.18%
281,160
+1,250
+0.4% +$16K
CELG
86
DELISTED
Celgene Corp
CELG
$3.68M 0.18%
41,290
-500
-1% -$48K
VRS
87
DELISTED
Verso Corporation
VRS
$3.68M 0.18%
218,670
– –
DM
88
DELISTED
Dominion Energy Midstream Ptr LP
DM
$3.67M 0.18%
239,410
+142,100
+146% +$3.78M
TFX icon
89
Teleflex
TFX
$5.78B
$3.57M 0.17%
14,000
+380
+3% +$99.8K
NEE icon
90
NextEra Energy
NEE
$179B
$3.52M 0.17%
86,200
+920
+1% +$35.5K
FDX icon
91
FedEx
FDX
$77.3B
$3.43M 0.17%
14,280
+80
+0.6% +$20.2K
IEX icon
92
IDEX
IEX
$17.7B
$3.39M 0.16%
23,780
+670
+3% +$93.5K
NFLX icon
93
Netflix
NFLX
$309B
$3.36M 0.16%
113,700
+2,200
+2% +$59.9K
STLD icon
94
Steel Dynamics
STLD
$37.7B
$3.24M 0.16%
73,350
+800
+1% +$36.8K
RSG icon
95
Republic Services
RSG
$65.6B
$3.2M 0.16%
48,270
– –
CPRT icon
96
Copart
CPRT
$26.8B
$3.19M 0.16%
250,840
+8,400
+3% +$97.2K
DPZ icon
97
Domino's
DPZ
$11.7B
$3.17M 0.15%
13,590
+360
+3% +$78.4K
CB icon
98
Chubb
CB
$132B
$3.17M 0.15%
23,176
+130
+0.6% +$18.8K
ODFL icon
99
Old Dominion Freight Line
ODFL
$44.1B
$3.12M 0.15%
63,720
+1,680
+3% +$79.6K
QHC
100
DELISTED
Quorum Health Corporation
QHC
$3.1M 0.15%
379,220
– –
2 3
4
5 6

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VAS
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SFM
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AI
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HI
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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.