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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
NRE
1351
DELISTED
NorthStar Realty Europe Corp.
NRE
$253K 0.02%
+14,600
New +$248K
ASTE icon
1352
Astec Industries
ASTE
$975M
$252K 0.02%
6,680
+100
+2% +$3.74K
FLR icon
1353
Fluor
FLR
$7B
$249K 0.02%
6,750
-1,720
-20% -$62.9K
SYNA icon
1354
Synaptics
SYNA
$4.2B
$249K 0.02%
6,270
-2,230
-26% -$88.1K
DBD
1355
DELISTED
Diebold Nixdorf Incorporated
DBD
$249K 0.02%
22,510
+1,100
+5% +$7.69K
NTUS
1356
DELISTED
Natus Medical Inc
NTUS
$249K 0.02%
9,830
+160
+2% +$4.78K
RFIL icon
1357
RF Industries
RFIL
$144M
$248K 0.02%
36,790
– –
TACT icon
1358
Transact Technologies
TACT
$52.5M
$248K 0.02%
27,130
– –
RDC
1359
DELISTED
Rowan Companies Plc
RDC
$248K 0.02%
23,010
-7,170
-24% -$83.5K
MKC icon
1360
McCormick & Company Non-Voting
MKC
$14.6B
$247K 0.02%
3,280
-3,160
-49% -$213K
HOUS
1361
DELISTED
Anywhere Real Estate
HOUS
$246K 0.02%
21,540
-7,920
-27% -$122K
MCY icon
1362
Mercury Insurance
MCY
$5.81B
$246K 0.02%
4,910
-1,530
-24% -$79.4K
MTD icon
1363
Mettler-Toledo International
MTD
$28.7B
$246K 0.02%
340
-340
-50% -$221K
UAL icon
1364
United Airlines
UAL
$41B
$246K 0.02%
3,080
-3,070
-50% -$259K
WT icon
1365
WisdomTree
WT
$3.44B
$245K 0.02%
34,660
+1,010
+3% +$6.95K
DXC icon
1366
DXC Technology
DXC
$1.79B
$244K 0.02%
3,788
-3,760
-50% -$240K
BBGI icon
1367
Beasley Broadcasting Group
BBGI
$44.7M
$243K 0.02%
3,048
– –
HIG icon
1368
Hartford Financial Services
HIG
$37.8B
$242K 0.02%
4,860
-4,550
-48% -$216K
TYPE
1369
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$242K 0.02%
12,180
+220
+2% +$3.96K
OSG
1370
Octave Specialty Group
OSG
$212M
$241K 0.02%
13,290
+180
+1% +$3.44K
DDS icon
1371
Dillards
DDS
$9.59B
$241K 0.02%
3,350
-1,300
-28% -$89.4K
ZAGG
1372
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
$239K 0.02%
26,340
– –
BKE icon
1373
Buckle
BKE
$2.31B
$237K 0.02%
12,660
– –
CHD icon
1374
Church & Dwight Co
CHD
$24B
$237K 0.02%
3,330
-3,120
-48% -$205K
WAB icon
1375
Wabtec
WAB
$50.3B
$237K 0.02%
3,218
-17,402
-84% -$1.25M
53 54
55
56 57

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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
PEA
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SUT
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MU
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WPL
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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.