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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
SBAC icon
1251
SBA Communications
SBAC
$19.8B
$305K 0.02%
1,530
-1,580
-51% -$286K
AMD icon
1252
Advanced Micro Devices
AMD
$789B
$304K 0.02%
11,930
-11,010
-48% -$250K
ES icon
1253
Eversource Energy
ES
$27.2B
$304K 0.02%
4,290
-4,110
-49% -$283K
LPTH icon
1254
Lightpath Technologies
LPTH
$824M
$303K 0.02%
202,150
– –
PATK icon
1255
Patrick Industries
PATK
$2.78B
$303K 0.02%
10,013
– –
OIS icon
1256
Oil States International
OIS
$526M
$302K 0.02%
17,780
+430
+2% +$7.27K
MDRX
1257
DELISTED
Veradigm Inc. Common Stock
MDRX
$302K 0.02%
31,630
-10,070
-24% -$111K
MNDO icon
1258
Mind CTI
MNDO
$20.6M
$301K 0.02%
139,130
– –
NTWK icon
1259
NetSol Technologies
NTWK
$49.3M
$300K 0.02%
+46,070
New +$327K
HPE icon
1260
Hewlett Packard
HPE
$79.2B
$297K 0.02%
19,260
-20,260
-51% -$312K
STC icon
1261
Stewart Information Services
STC
$2.07B
$297K 0.02%
6,960
+90
+1% +$3.87K
VRSK icon
1262
Verisk Analytics
VRSK
$24.2B
$297K 0.02%
2,230
-2,170
-49% -$264K
CPAY icon
1263
Corpay
CPAY
$27.9B
$296K 0.02%
1,200
-1,180
-50% -$255K
FNJN
1264
DELISTED
Finjan Holdings, Inc.
FNJN
$296K 0.02%
101,080
– –
CNC icon
1265
Centene
CNC
$32.6B
$295K 0.02%
5,560
-5,320
-49% -$323K
CVCO icon
1266
Cavco Industries
CVCO
$4.67B
$295K 0.02%
2,510
+40
+2% +$5.47K
MNST icon
1267
Monster Beverage
MNST
$91.4B
$294K 0.02%
21,560
-21,280
-50% -$303K
BSET icon
1268
Bassett Furniture
BSET
$170M
$293K 0.02%
17,840
– –
CHRD icon
1269
Chord Energy
CHRD
$7.35B
$293K 0.02%
48,430
-15,770
-25% -$94.5K
HFWA icon
1270
Heritage Financial
HFWA
$1.23B
$293K 0.02%
9,730
+130
+1% +$4.07K
AORT icon
1271
Artivion
AORT
$1.39B
$292K 0.02%
10,010
+220
+2% +$6.28K
GPN icon
1272
Global Payments
GPN
$25.1B
$292K 0.02%
2,140
-2,030
-49% -$246K
UVE icon
1273
Universal Insurance Holdings
UVE
$1.18B
$292K 0.02%
9,420
+170
+2% +$6.1K
RICK icon
1274
RCI Hospitality Holdings
RICK
$230M
$291K 0.02%
12,690
– –
SMP icon
1275
Standard Motor Products
SMP
$870M
$291K 0.02%
5,920
+80
+1% +$3.95K
49 50
51
52 53

Similar funds

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
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
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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.