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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
TIVO
1176
DELISTED
Tivo Inc
TIVO
$342K 0.02%
36,690
+890
+2% +$9.22K
ACTG icon
1177
Acacia Research
ACTG
$449M
$341K 0.02%
104,710
– –
TBHC
1178
DELISTED
The Brand House Collective
TBHC
$341K 0.02%
48,470
– –
NBHC icon
1179
National Bank Holdings
NBHC
$1.94B
$339K 0.02%
10,200
– –
PRDO icon
1180
Perdoceo Education
PRDO
$1.99B
$338K 0.02%
20,450
+280
+1% +$4.04K
WEC icon
1181
WEC Energy
WEC
$35.9B
$338K 0.02%
4,273
-4,090
-49% -$303K
AMSF icon
1182
AMERISAFE
AMSF
$504M
$336K 0.02%
5,650
+80
+1% +$4.75K
EHTH icon
1183
eHealth
EHTH
$38.8M
$335K 0.02%
5,370
+660
+14% +$36.4K
RMBS icon
1184
Rambus
RMBS
$10.8B
$335K 0.02%
32,060
+1,010
+3% +$9.69K
DVD
1185
DELISTED
Dover Motorsports
DVD
$334K 0.02%
165,430
– –
QEP
1186
DELISTED
QEP RESOURCES, INC.
QEP
$334K 0.02%
42,870
-14,080
-25% -$112K
DNR
1187
DELISTED
Denbury Resources, Inc.
DNR
$334K 0.02%
162,980
+1,770
+1% +$3.52K
ASIX icon
1188
AdvanSix
ASIX
$446M
$333K 0.02%
11,630
+90
+0.8% +$2.74K
CMP icon
1189
Compass Minerals
CMP
$1.1B
$333K 0.02%
6,130
-2,010
-25% -$102K
FTV icon
1190
Fortive
FTV
$18.7B
$333K 0.02%
6,303
-6,597
-51% -$321K
HLT icon
1191
Hilton Worldwide
HLT
$72.2B
$333K 0.02%
4,010
-3,960
-50% -$310K
PRSU
1192
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$333K 0.02%
5,920
+110
+2% +$5.96K
EGOV
1193
DELISTED
NIC Inc
EGOV
$333K 0.02%
19,510
+260
+1% +$4.12K
ADEA icon
1194
Adeia
ADEA
$3.16B
$332K 0.02%
53,676
– –
DLR icon
1195
Digital Realty Trust
DLR
$73.1B
$332K 0.02%
2,790
-2,740
-50% -$306K
ADAM
1196
Adamas Trust
ADAM
$907M
$332K 0.02%
13,640
+2,680
+24% +$65.9K
SPPI
1197
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$331K 0.02%
31,010
+2,420
+8% +$25.9K
ARTX
1198
DELISTED
Arotech Corporation
ARTX
$331K 0.02%
+112,840
New +$360K
NBR icon
1199
Nabors Industries
NBR
$1.35B
$330K 0.02%
+1,920
New +$299K
TNC icon
1200
Tennant Co
TNC
$1.15B
$330K 0.02%
5,310
+80
+2% +$4.79K
46 47
48
49 50

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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 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.