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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
CTRE icon
1276
CareTrust REIT
CTRE
$9.18B
$407K 0.02%
30,410
+1,840
+6% +$27.2K
DHX icon
1277
DHI Group
DHX
$174M
$407K 0.02%
254,110
– –
CPLA
1278
DELISTED
Capella Education Company
CPLA
$407K 0.02%
4,660
+240
+5% +$19.7K
UFCS icon
1279
United Fire Group
UFCS
$1.38B
$405K 0.02%
8,460
+420
+5% +$18.9K
GAP
1280
The Gap Inc
GAP
$7.34B
$405K 0.02%
12,990
– –
PAHC icon
1281
Phibro Animal Health
PAHC
$1.38B
$404K 0.02%
10,180
+570
+6% +$21.1K
TXT icon
1282
Textron
TXT
$15.1B
$403K 0.02%
6,840
– –
SONC
1283
DELISTED
Sonic Corp
SONC
$402K 0.02%
15,920
– –
LHCG
1284
DELISTED
LHC Group LLC
LHCG
$400K 0.02%
6,500
+380
+6% +$24K
DDD icon
1285
3D Systems Corp
DDD
$601M
$399K 0.02%
34,420
– –
HAFC icon
1286
Hanmi Financial
HAFC
$963M
$399K 0.02%
12,960
+800
+7% +$25K
RDC
1287
DELISTED
Rowan Companies Plc
RDC
$397K 0.02%
34,360
– –
CASH icon
1288
Pathward Financial
CASH
$1.79B
$396K 0.02%
10,890
+1,020
+10% +$36.5K
DOV icon
1289
Dover
DOV
$27.8B
$395K 0.02%
4,977
– –
FORM icon
1290
FormFactor
FORM
$10.3B
$395K 0.02%
+28,970
New +$419K
HBIO icon
1291
Harvard Bioscience
HBIO
$30.4M
$393K 0.02%
+7,866
New +$353K
EVTC icon
1292
Evertec
EVTC
$1.91B
$392K 0.02%
+24,000
New +$377K
FARO
1293
DELISTED
Faro Technologies
FARO
$392K 0.02%
6,710
+450
+7% +$25K
RPT
1294
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$392K 0.02%
31,700
+1,930
+6% +$24.5K
CORE
1295
DELISTED
Core Mark Holding Co., Inc.
CORE
$392K 0.02%
18,430
+900
+5% +$20.3K
CVU icon
1296
CPI Aerostructures
CVU
$75M
$391K 0.02%
40,140
– –
FE icon
1297
FirstEnergy
FE
$27.1B
$390K 0.02%
11,480
– –
VMC icon
1298
Vulcan Materials
VMC
$36B
$390K 0.02%
3,420
– –
SPN
1299
DELISTED
Superior Energy Services, Inc.
SPN
$390K 0.02%
4,622
– –
LNN icon
1300
Lindsay Corp
LNN
$1.17B
$389K 0.02%
4,250
+260
+7% +$23.6K
50 51
52
53 54

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SFM
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AI
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PEA
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SUT
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WPL
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PVI
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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.