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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
APD icon
76
Air Products & Chemicals
APD
$67.7B
$2.96M 0.2%
15,500
-2,920
-16% -$503K
TMO icon
77
Thermo Fisher Scientific
TMO
$223B
$2.88M 0.19%
10,540
-5,370
-34% -$1.34M
APH icon
78
Amphenol
APH
$210B
$2.87M 0.19%
121,560
-15,920
-12% -$356K
NEE icon
79
NextEra Energy
NEE
$179B
$2.66M 0.18%
55,040
-24,760
-31% -$1.13M
EXC icon
80
Exelon
EXC
$46.6B
$2.54M 0.17%
70,899
-18,016
-20% -$613K
CB icon
81
Chubb
CB
$132B
$2.49M 0.17%
17,796
-6,200
-26% -$825K
ANGO icon
82
AngioDynamics
ANGO
$651M
$2.31M 0.15%
101,200
+160
+0.2% +$3.47K
L icon
83
Loews
L
$23.1B
$2.27M 0.15%
47,390
-3,750
-7% -$177K
BAX icon
84
Baxter International
BAX
$13.9B
$2.26M 0.15%
27,740
-6,580
-19% -$479K
RSG icon
85
Republic Services
RSG
$65.6B
$2.19M 0.15%
27,200
-2,980
-10% -$230K
GS icon
86
Goldman Sachs
GS
$302B
$2.19M 0.15%
11,380
-4,750
-29% -$916K
TEL icon
87
TE Connectivity
TEL
$62B
$2.14M 0.14%
26,550
-4,640
-15% -$374K
INTU icon
88
Intuit
INTU
$91.6B
$2.12M 0.14%
8,110
-3,410
-30% -$788K
AEP icon
89
American Electric Power
AEP
$67.9B
$2.12M 0.14%
25,270
-6,560
-21% -$522K
TRV icon
90
Travelers Companies
TRV
$77.2B
$2.1M 0.14%
15,350
-3,540
-19% -$453K
IEX icon
91
IDEX
IEX
$17.7B
$2.1M 0.14%
13,860
-4,570
-25% -$646K
ALL icon
92
Allstate
ALL
$64.7B
$2.09M 0.14%
22,190
-4,670
-17% -$422K
TXN icon
93
Texas Instruments
TXN
$253B
$2.09M 0.14%
19,690
-13,110
-40% -$1.36M
NKE icon
94
Nike
NKE
$60.1B
$2.09M 0.14%
24,770
-17,150
-41% -$1.41M
ZBRA icon
95
Zebra Technologies
ZBRA
$17.9B
$2.06M 0.14%
9,850
-3,050
-24% -$574K
GRMN
96
Garmin
GRMN
$59.8B
$2.02M 0.13%
23,360
-1,610
-6% -$121K
MS icon
97
Morgan Stanley
MS
$342B
$2M 0.13%
47,500
-17,910
-27% -$754K
D icon
98
Dominion Energy
D
$59.8B
$2M 0.13%
26,118
-7,202
-22% -$526K
ETN icon
99
Eaton
ETN
$179B
$1.99M 0.13%
24,750
-5,760
-19% -$439K
STE icon
100
Steris
STE
$23.1B
$1.97M 0.13%
15,400
-4,920
-24% -$579K
2 3
4
5 6

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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SUT
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MU
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WPL
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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.