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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
KEYS icon
101
Keysight
KEYS
$60.6B
$3.09M 0.15%
59,030
+2,970
+5% +$142K
RGA icon
102
Reinsurance Group of America
RGA
$16.1B
$3.08M 0.15%
20,030
+520
+3% +$81.7K
SEIC icon
103
SEI Investments
SEIC
$12.7B
$3.04M 0.15%
40,560
+870
+2% +$64.8K
JNP
104
DELISTED
Juniper Pharmaceuticals, Inc. Common Stock
JNP
$3.02M 0.15%
297,600
– –
DUK icon
105
Duke Energy
DUK
$96.3B
$3.01M 0.15%
38,880
+260
+0.7% +$20.1K
NVR icon
106
NVR
NVR
$16.8B
$2.97M 0.14%
1,060
+10
+1% +$31.8K
PNC icon
107
PNC Financial Services
PNC
$102B
$2.95M 0.14%
19,510
– –
Y
108
DELISTED
Alleghany Corp
Y
$2.94M 0.14%
4,780
+110
+2% +$66.3K
COST icon
109
Costco
COST
$421B
$2.94M 0.14%
15,580
+170
+1% +$32.1K
ATO icon
110
Atmos Energy
ATO
$28.7B
$2.9M 0.14%
34,470
+2,390
+7% +$195K
JKHY icon
111
Jack Henry & Associates
JKHY
$10.8B
$2.9M 0.14%
24,010
+590
+3% +$71.8K
INGR icon
112
Ingredion
INGR
$6.54B
$2.89M 0.14%
22,440
+760
+4% +$102K
LDOS icon
113
Leidos
LDOS
$17.6B
$2.89M 0.14%
44,240
+1,250
+3% +$82.5K
PTC icon
114
PTC
PTC
$16.1B
$2.82M 0.14%
36,130
+1,170
+3% +$85.3K
EWBC icon
115
East-West Bancorp
EWBC
$18.5B
$2.81M 0.14%
44,910
+1,210
+3% +$79.4K
CGNX icon
116
Cognex
CGNX
$10.2B
$2.8M 0.14%
53,920
+1,550
+3% +$91.6K
CC icon
117
Chemours
CC
$2.29B
$2.8M 0.14%
57,530
+1,640
+3% +$82K
TER icon
118
Teradyne
TER
$63B
$2.78M 0.13%
60,720
+890
+1% +$40.7K
KELYA icon
119
Kelly Services Class A
KELYA
$536M
$2.75M 0.13%
94,670
+740
+0.8% +$21.5K
TRMB icon
120
Trimble
TRMB
$13.1B
$2.75M 0.13%
76,560
– –
BNY
121
Bank of New York Mellon
BNY
$111B
$2.71M 0.13%
52,640
– –
MS icon
122
Morgan Stanley
MS
$342B
$2.71M 0.13%
50,160
– –
CIVI
123
DELISTED
Civitas Solutions, Inc.
CIVI
$2.7M 0.13%
175,250
– –
PX
124
DELISTED
Praxair Inc
PX
$2.7M 0.13%
18,690
+130
+0.7% +$20.2K
DINO icon
125
HF Sinclair
DINO
$15.6B
$2.69M 0.13%
55,110
+1,490
+3% +$70.9K
3 4
5
6 7

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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
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WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

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.