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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
HES
1026
DELISTED
Hess
HES
$603K 0.03%
11,910
– –
DCH
1027
Dauch Corp
DCH
$1.6B
$602K 0.03%
39,560
+2,090
+6% +$34.3K
CTRN icon
1028
Citi Trends
CTRN
$621M
$602K 0.03%
19,490
– –
LTC
1029
LTC Properties
LTC
$2.1B
$602K 0.03%
15,830
+850
+6% +$33.4K
MLI icon
1030
Mueller Industries
MLI
$14.7B
$601K 0.03%
91,960
+4,720
+5% +$35.7K
FLWS icon
1031
1-800-Flowers.com
FLWS
$261M
$599K 0.03%
50,740
– –
BGC
1032
DELISTED
General Cable Corporation
BGC
$599K 0.03%
20,220
+1,390
+7% +$41.2K
MATV icon
1033
Mativ Holdings
MATV
$667M
$598K 0.03%
15,270
+670
+5% +$28.4K
PATK icon
1034
Patrick Industries
PATK
$2.78B
$598K 0.03%
14,498
+930
+7% +$40.1K
XEL icon
1035
Xcel Energy
XEL
$49.3B
$597K 0.03%
13,120
– –
ADC icon
1036
Agree Realty
ADC
$9.34B
$595K 0.03%
12,380
+1,600
+15% +$76.8K
SUP
1037
DELISTED
Superior Industries International
SUP
$595K 0.03%
44,700
– –
TILE icon
1038
Interface
TILE
$2.24B
$594K 0.03%
23,570
– –
COR icon
1039
Cencora
COR
$59.2B
$591K 0.03%
6,860
– –
THC icon
1040
Tenet Healthcare
THC
$21.5B
$591K 0.03%
24,390
– –
FOXF icon
1041
Fox Factory Holding Corp
FOXF
$886M
$590K 0.03%
16,900
+930
+6% +$35.3K
SCG
1042
DELISTED
Scana
SCG
$590K 0.03%
15,700
– –
CVCO icon
1043
Cavco Industries
CVCO
$4.67B
$589K 0.03%
3,390
+180
+6% +$29.8K
RMBS icon
1044
Rambus
RMBS
$10.8B
$589K 0.03%
43,880
+1,960
+5% +$26.2K
PH icon
1045
Parker-Hannifin
PH
$134B
$588K 0.03%
3,440
– –
AVB icon
1046
AvalonBay Communities
AVB
$26.3B
$587K 0.03%
3,570
– –
EQR icon
1047
Equity Residential
EQR
$24.7B
$585K 0.03%
9,490
– –
ESL
1048
DELISTED
Esterline Technologies
ESL
$584K 0.03%
7,980
– –
HPR
1049
DELISTED
HighPoint Resources Corporation
HPR
$583K 0.03%
+2,297
New +$584K
AAL icon
1050
American Airlines Group
AAL
$9.97B
$582K 0.03%
11,200
– –
40 41
42
43 44

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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.