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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
REGI
101
DELISTED
Renewable Energy Group, Inc.
REGI
$1.97M 0.13%
89,730
+150
+0.2% +$3.87K
PGR icon
102
Progressive
PGR
$121B
$1.96M 0.13%
27,160
-7,770
-22% -$532K
ZTS icon
103
Zoetis
ZTS
$30.4B
$1.95M 0.13%
19,320
-6,330
-25% -$575K
DPZ icon
104
Domino's
DPZ
$11.7B
$1.94M 0.13%
7,510
-2,550
-25% -$663K
DTE icon
105
DTE Energy
DTE
$28.9B
$1.91M 0.13%
18,001
-2,761
-13% -$279K
ULTI
106
DELISTED
Ultimate Software Group Inc
ULTI
$1.91M 0.13%
5,790
-1,710
-23% -$524K
AVTA
107
DELISTED
Avantax, Inc. Common Stock
AVTA
$1.89M 0.13%
56,700
+390
+0.7% +$11.4K
NMIH icon
108
NMI Holdings
NMIH
$3.38B
$1.88M 0.13%
72,720
+410
+0.6% +$9.35K
TRMB icon
109
Trimble
TRMB
$13.1B
$1.85M 0.12%
45,780
-14,290
-24% -$542K
BNY
110
Bank of New York Mellon
BNY
$111B
$1.85M 0.12%
36,650
-12,290
-25% -$633K
EZPW icon
111
Ezcorp Inc
EZPW
$1.78B
$1.85M 0.12%
198,050
+910
+0.5% +$8.59K
SO icon
112
Southern Company
SO
$106B
$1.84M 0.12%
35,590
-13,300
-27% -$652K
UPS icon
113
United Parcel Service
UPS
$88.4B
$1.82M 0.12%
16,290
-9,130
-36% -$968K
ADM icon
114
Archer Daniels Midland
ADM
$38.4B
$1.81M 0.12%
42,100
-7,230
-15% -$309K
TJX icon
115
TJX Companies
TJX
$169B
$1.81M 0.12%
34,050
-16,930
-33% -$844K
PTC icon
116
PTC
PTC
$16.1B
$1.79M 0.12%
19,470
-6,020
-24% -$533K
CPT icon
117
Camden Property Trust
CPT
$10.9B
$1.79M 0.12%
17,670
-4,630
-21% -$445K
TROW icon
118
T. Rowe Price
TROW
$23.8B
$1.79M 0.12%
17,920
-3,270
-15% -$315K
O icon
119
Realty Income
O
$59.2B
$1.77M 0.12%
24,851
-3,901
-14% -$259K
CAT icon
120
Caterpillar
CAT
$393B
$1.77M 0.12%
13,040
-7,970
-38% -$1.06M
UGI icon
121
UGI
UGI
$7.53B
$1.76M 0.12%
31,690
-10,090
-24% -$552K
LII icon
122
Lennox International
LII
$14.5B
$1.75M 0.12%
6,610
-2,090
-24% -$500K
TFC icon
123
Truist Financial
TFC
$64.3B
$1.75M 0.12%
37,580
-10,450
-22% -$510K
XEL icon
124
Xcel Energy
XEL
$49.1B
$1.72M 0.11%
30,650
-6,530
-18% -$347K
FDS icon
125
Factset
FDS
$9.89B
$1.72M 0.11%
6,930
-2,290
-25% -$512K
3 4
5
6 7

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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
HI
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PEA
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SUT
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MU
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WPL
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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.