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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
ALEX
1226
DELISTED
Alexander & Baldwin
ALEX
$312K 0.02%
12,254
-3,600
-23% -$82.7K
ENVA icon
1227
Enova International
ENVA
$6.52B
$312K 0.02%
13,680
+170
+1% +$4K
CRAY
1228
DELISTED
Cray, Inc.
CRAY
$312K 0.02%
11,970
+160
+1% +$3.72K
CPS icon
1229
Cooper-Standard Automotive
CPS
$484M
$311K 0.02%
6,610
+60
+0.9% +$3.86K
CPE
1230
DELISTED
Callon Petroleum Company
CPE
$311K 0.02%
4,120
-1,286
-24% -$99.6K
NCI
1231
DELISTED
Navigant Consulting, Inc.
NCI
$311K 0.02%
15,950
-410
-3% -$9.58K
ESV
1232
DELISTED
Ensco Rowan plc
ESV
$311K 0.02%
19,785
-6,478
-25% -$113K
AIR icon
1233
AAR Corp
AIR
$5.77B
$310K 0.02%
9,550
+210
+2% +$7.6K
EAT icon
1234
Brinker International
EAT
$10.2B
$310K 0.02%
6,990
-2,290
-25% -$103K
MSI icon
1235
Motorola Solutions
MSI
$77B
$310K 0.02%
2,210
-2,090
-49% -$271K
TRST
1236
Trustco Bank Corp NY
TRST
$971M
$310K 0.02%
7,992
+82
+1% +$3.25K
HBI
1237
DELISTED
Hanesbrands
HBI
$309K 0.02%
17,250
-4,570
-21% -$75.9K
MCK icon
1238
McKesson
MCK
$99.9B
$309K 0.02%
2,640
-2,790
-51% -$344K
DLPH
1239
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$309K 0.02%
16,020
-5,320
-25% -$98.4K
IQV icon
1240
IQVIA
IQV
$39.8B
$308K 0.02%
2,140
-2,150
-50% -$287K
VTR icon
1241
Ventas
VTR
$46.3B
$308K 0.02%
4,830
-4,620
-49% -$289K
WPG
1242
DELISTED
Washington Prime Group Inc.
WPG
$308K 0.02%
6,060
+81
+1% +$3.97K
FRD icon
1243
Friedman Industries
FRD
$319M
$307K 0.02%
40,070
– –
WTW icon
1244
Willis Towers Watson
WTW
$31B
$307K 0.02%
1,750
-1,720
-50% -$285K
GBX icon
1245
The Greenbrier Companies
GBX
$1.42B
$306K 0.02%
9,480
+170
+2% +$6.77K
GME icon
1246
GameStop
GME
$8.33B
$305K 0.02%
119,920
+2,080
+2% +$6.46K
HOFT icon
1247
Hooker Furnishings Corp
HOFT
$158M
$305K 0.02%
10,590
– –
INGN icon
1248
Inogen
INGN
$154M
$305K 0.02%
3,200
-960
-23% -$120K
LNN icon
1249
Lindsay Corp
LNN
$1.17B
$305K 0.02%
3,150
+40
+1% +$3.63K
NTGR icon
1250
NETGEAR
NTGR
$647M
$305K 0.02%
9,200
– –
48 49
50
51 52

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.