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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
ALXN
976
DELISTED
Alexion Pharmaceuticals
ALXN
$643K 0.03%
5,770
– –
MDP
977
DELISTED
Meredith Corporation
MDP
$642K 0.03%
11,940
– –
VIAB
978
DELISTED
Viacom Inc. Class B
VIAB
$642K 0.03%
20,670
– –
ABAX
979
DELISTED
Abaxis Inc
ABAX
$641K 0.03%
9,070
+480
+6% +$32.2K
TRMK icon
980
Trustmark
TRMK
$2.8B
$638K 0.03%
20,490
– –
CVG
981
DELISTED
Convergys
CVG
$638K 0.03%
28,210
– –
APA icon
982
APA Corp
APA
$14B
$637K 0.03%
16,550
– –
CAKE icon
983
Cheesecake Factory
CAKE
$5.57B
$637K 0.03%
13,220
– –
IBOC icon
984
International Bancshares
IBOC
$4.57B
$637K 0.03%
16,380
– –
MOS icon
985
The Mosaic Company
MOS
$6.92B
$636K 0.03%
26,210
– –
CUB
986
DELISTED
Cubic Corporation
CUB
$636K 0.03%
10,000
+550
+6% +$33.5K
SKT icon
987
Tanger
SKT
$4.42B
$632K 0.03%
28,720
– –
FNJN
988
DELISTED
Finjan Holdings, Inc.
FNJN
$631K 0.03%
194,300
– –
BRKL
989
DELISTED
Brookline Bancorp
BRKL
$630K 0.03%
38,890
+1,690
+5% +$27.6K
CNMD icon
990
CONMED
CNMD
$1.49B
$630K 0.03%
9,940
+530
+6% +$31.6K
DG icon
991
Dollar General
DG
$26.9B
$630K 0.03%
6,730
– –
AAON icon
992
Aaon
AAON
$7.23B
$629K 0.03%
24,195
+1,335
+6% +$32.4K
BGS icon
993
B&G Foods
BGS
$299M
$629K 0.03%
26,560
+1,390
+6% +$42.5K
SGI
994
Somnigroup International
SGI
$14B
$629K 0.03%
55,520
– –
KSS icon
995
Kohl's
KSS
$2.22B
$628K 0.03%
9,590
– –
OIS icon
996
Oil States International
OIS
$526M
$628K 0.03%
23,970
+4,630
+24% +$133K
CORT icon
997
Corcept Therapeutics
CORT
$11.9B
$626K 0.03%
+38,070
New +$705K
UVV icon
998
Universal Corp
UVV
$1.12B
$626K 0.03%
12,900
+410
+3% +$20.3K
VFC icon
999
VF Corp
VFC
$5.79B
$626K 0.03%
8,963
– –
KMX icon
1000
CarMax
KMX
$8.52B
$625K 0.03%
10,090
– –
38 39
40
41 42

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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
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 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.