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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
PKE icon
1151
Park Aerospace
PKE
$811M
$508K 0.02%
30,200
– –
BPFH
1152
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$507K 0.02%
33,660
+2,090
+7% +$31.7K
ARR
1153
Armour Residential REIT
ARR
$2.37B
$506K 0.02%
4,350
+240
+6% +$28K
MCY icon
1154
Mercury Insurance
MCY
$5.81B
$506K 0.02%
11,040
– –
CMO
1155
DELISTED
Capstead Mortgage Corp.
CMO
$506K 0.02%
58,550
+770
+1% +$6.67K
EAT icon
1156
Brinker International
EAT
$10.2B
$505K 0.02%
14,000
– –
ELMD icon
1157
Electromed
ELMD
$352M
$505K 0.02%
94,240
– –
SHLM
1158
DELISTED
Schulman (A.) Inc
SHLM
$505K 0.02%
11,750
+710
+6% +$28.9K
IBP icon
1159
Installed Building Products
IBP
$6.54B
$504K 0.02%
8,400
+490
+6% +$32.6K
NSA
1160
DELISTED
National Storage Affiliates Trust
NSA
$504K 0.02%
20,080
+3,470
+21% +$87.5K
OXM icon
1161
Oxford Industries
OXM
$542M
$501K 0.02%
6,720
+390
+6% +$31.2K
RAVN
1162
DELISTED
Raven Industries Inc
RAVN
$501K 0.02%
14,280
+740
+5% +$26.4K
TGI
1163
DELISTED
Triumph Group
TGI
$500K 0.02%
19,840
+1,060
+6% +$28.8K
AVP
1164
DELISTED
Avon Products, Inc.
AVP
$500K 0.02%
175,890
+42,830
+32% +$108K
GT icon
1165
Goodyear
GT
$1.78B
$499K 0.02%
18,780
– –
PPL
1166
PPL Corp
PPL
$26.8B
$499K 0.02%
17,650
– –
EFII
1167
DELISTED
Electronics for Imaging
EFII
$499K 0.02%
18,250
+660
+4% +$18.9K
LHX icon
1168
L3Harris
LHX
$53.7B
$498K 0.02%
3,090
– –
THRM icon
1169
Gentherm
THRM
$1.32B
$497K 0.02%
14,650
+710
+5% +$23K
SBCF icon
1170
Seacoast Banking Corp of Florida
SBCF
$3.48B
$496K 0.02%
+18,740
New +$495K
WERN icon
1171
Werner Enterprises
WERN
$2.31B
$495K 0.02%
13,550
– –
CRZO
1172
DELISTED
Carrizo Oil & Gas Inc
CRZO
$494K 0.02%
30,900
+1,780
+6% +$33.4K
CPRI icon
1173
Capri Holdings
CPRI
$1.77B
$493K 0.02%
7,940
– –
TLRD
1174
DELISTED
Tailored Brands, Inc.
TLRD
$493K 0.02%
19,670
+1,270
+7% +$29.4K
APOG icon
1175
Apogee Enterprises
APOG
$888M
$492K 0.02%
11,350
+430
+4% +$19.2K
45 46
47
48 49

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SFM
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AI
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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.