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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
BXP icon
1301
Boston Properties
BXP
$11B
$278K 0.02%
2,080
-2,010
-49% -$258K
SWK icon
1302
Stanley Black & Decker
SWK
$15.4B
$278K 0.02%
2,040
-2,050
-50% -$267K
TGI
1303
DELISTED
Triumph Group
TGI
$278K 0.02%
14,610
+200
+1% +$3.77K
RTW
1304
DELISTED
RTW Retailwinds, Inc.
RTW
$278K 0.02%
115,980
– –
LNTH icon
1305
Lantheus
LNTH
$6.59B
$277K 0.02%
11,330
+420
+4% +$8.39K
CNR
1306
Core Natural Resources Inc
CNR
$4.64B
$277K 0.02%
8,100
– –
CLX icon
1307
Clorox
CLX
$12.9B
$276K 0.02%
1,720
-1,710
-50% -$265K
HRB icon
1308
H&R Block
HRB
$6.76B
$276K 0.02%
11,520
-2,640
-19% -$64.9K
NFBK
1309
DELISTED
Northfield Bancorp
NFBK
$276K 0.02%
19,840
+200
+1% +$2.88K
SXI icon
1310
Standex International
SXI
$3.97B
$276K 0.02%
3,760
+50
+1% +$3.79K
TMP icon
1311
Tompkins Financial
TMP
$1.45B
$276K 0.02%
3,630
+50
+1% +$3.88K
POLY
1312
DELISTED
Plantronics, Inc.
POLY
$276K 0.02%
5,980
-1,810
-23% -$79K
UPBD icon
1313
Upbound Group
UPBD
$1.15B
$275K 0.02%
13,170
+510
+4% +$9.4K
UNT
1314
DELISTED
UNIT Corporation
UNT
$275K 0.02%
19,260
+210
+1% +$3.34K
DNOW icon
1315
DNOW Inc
DNOW
$2.95B
$274K 0.02%
19,630
-6,420
-25% -$89.2K
FE icon
1316
FirstEnergy
FE
$27.1B
$274K 0.02%
6,580
-6,410
-49% -$255K
UFCS icon
1317
United Fire Group
UFCS
$1.38B
$273K 0.02%
6,250
+90
+1% +$4.5K
WERN icon
1318
Werner Enterprises
WERN
$2.31B
$273K 0.02%
7,990
-2,520
-24% -$84K
WOR icon
1319
Worthington Enterprises
WOR
$2.85B
$272K 0.02%
11,808
-4,558
-28% -$104K
PRFT
1320
DELISTED
Perficient Inc
PRFT
$272K 0.02%
9,940
– –
RGR icon
1321
Sturm, Ruger & Co
RGR
$601M
$271K 0.02%
5,120
+70
+1% +$3.82K
BPFH
1322
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$271K 0.02%
24,730
+270
+1% +$3.09K
HTLD icon
1323
Heartland Express
HTLD
$979M
$270K 0.02%
14,010
– –
TLYS icon
1324
Tilly's
TLYS
$122M
$270K 0.02%
24,260
– –
GCO icon
1325
Genesco
GCO
$394M
$268K 0.02%
5,880
+120
+2% +$5.5K
51 52
53
54 55

Similar funds

VAS
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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
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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.