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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
MTX icon
1101
Minerals Technologies
MTX
$2.26B
$378K 0.03%
6,430
-2,050
-24% -$117K
VREX icon
1102
Varex Imaging
VREX
$780M
$378K 0.03%
11,170
+180
+2% +$5.44K
MRO
1103
DELISTED
Marathon Oil Corporation
MRO
$378K 0.03%
22,620
-11,450
-34% -$187K
DF
1104
DELISTED
Dean Foods Company
DF
$378K 0.03%
124,620
+850
+0.7% +$3.42K
CWCO icon
1105
Consolidated Water Co
CWCO
$502M
$377K 0.03%
29,320
– –
KBH icon
1106
KB Home
KBH
$3.45B
$377K 0.03%
15,610
-4,960
-24% -$110K
CTRN icon
1107
Citi Trends
CTRN
$621M
$376K 0.03%
19,490
– –
EQR icon
1108
Equity Residential
EQR
$24.7B
$376K 0.03%
4,990
-4,770
-49% -$344K
ALB icon
1109
Albemarle
ALB
$15.4B
$375K 0.03%
4,580
-1,420
-24% -$116K
AN icon
1110
AutoNation
AN
$6.89B
$375K 0.03%
10,490
-3,350
-24% -$121K
AROC icon
1111
Archrock
AROC
$5.85B
$375K 0.03%
38,340
+910
+2% +$8.71K
AVB icon
1112
AvalonBay Communities
AVB
$26.3B
$375K 0.03%
1,870
-1,790
-49% -$342K
HAIN icon
1113
Hain Celestial
HAIN
$53.9M
$375K 0.03%
16,200
-5,040
-24% -$97.1K
NOV icon
1114
NOV
NOV
$7.36B
$375K 0.03%
14,090
-4,980
-26% -$141K
OXM icon
1115
Oxford Industries
OXM
$542M
$374K 0.02%
4,970
+70
+1% +$5.38K
HA
1116
DELISTED
Hawaiian Holdings, Inc.
HA
$374K 0.02%
14,230
-450
-3% -$13.1K
CHCO icon
1117
City Holding Co
CHCO
$2.08B
$372K 0.02%
4,880
+410
+9% +$30.5K
NBL
1118
DELISTED
Noble Energy, Inc.
NBL
$372K 0.02%
15,020
-6,120
-29% -$139K
SAFT icon
1119
Safety Insurance
SAFT
$1.52B
$371K 0.02%
4,260
+60
+1% +$5.14K
CORR
1120
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
$371K 0.02%
10,090
– –
VIAB
1121
DELISTED
Viacom Inc. Class B
VIAB
$370K 0.02%
13,180
-4,740
-26% -$136K
CAKE icon
1122
Cheesecake Factory
CAKE
$5.57B
$369K 0.02%
7,550
-2,440
-24% -$112K
VRTS icon
1123
Virtus Investment Partners
VRTS
$1.14B
$369K 0.02%
3,780
+40
+1% +$3.78K
CENTA icon
1124
Central Garden & Pet Co Class A
CENTA
$2.41B
$368K 0.02%
19,788
+313
+2% +$7.52K
AVNS
1125
DELISTED
Avanos Medical
AVNS
$367K 0.02%
8,590
-2,770
-24% -$124K
43 44
45
46 47

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.