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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
ODP
1401
DELISTED
ODP
ODP
$337K 0.02%
15,679
– –
HABT
1402
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
$337K 0.02%
38,310
– –
NXGN
1403
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$335K 0.02%
24,560
+1,080
+5% +$14.2K
CRAY
1404
DELISTED
Cray, Inc.
CRAY
$335K 0.02%
16,170
+1,050
+7% +$24.3K
GENC icon
1405
Gencor Industries
GENC
$264M
$334K 0.02%
20,750
– –
LDL
1406
DELISTED
Lydall, Inc.
LDL
$334K 0.02%
6,930
+470
+7% +$22.6K
GLIBA
1407
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
$334K 0.02%
+6,312
New +$331K
KND
1408
DELISTED
Kindred Healthcare
KND
$334K 0.02%
36,510
+3,570
+11% +$33K
SIVB
1409
DELISTED
SVB Financial Group
SIVB
$334K 0.02%
1,390
-14,550
-91% -$3.65M
DNOW icon
1410
DNOW Inc
DNOW
$2.95B
$333K 0.02%
32,560
– –
ISCA
1411
DELISTED
International Speedway Corp
ISCA
$333K 0.02%
7,550
– –
GTY
1412
Getty Realty Corp
GTY
$2.05B
$332K 0.02%
13,168
+860
+7% +$21.5K
ARE icon
1413
Alexandria Real Estate Equities
ARE
$8.33B
$331K 0.02%
2,650
+230
+10% +$28.5K
GGP
1414
DELISTED
GGP Inc.
GGP
$331K 0.02%
16,180
– –
CENX icon
1415
Century Aluminum
CENX
$4.59B
$330K 0.02%
19,940
+1,280
+7% +$26.7K
CMS icon
1416
CMS Energy
CMS
$22.1B
$330K 0.02%
7,290
– –
GRBK icon
1417
Green Brick Partners
GRBK
$3.04B
$329K 0.02%
30,150
– –
BANC icon
1418
Banc of California
BANC
$3.11B
$328K 0.02%
17,010
+1,020
+6% +$20.7K
VECO icon
1419
Veeco
VECO
$3.28B
$328K 0.02%
19,288
+1,060
+6% +$18.4K
MKC icon
1420
McCormick & Company Non-Voting
MKC
$14.6B
$327K 0.02%
6,140
– –
CAMP
1421
DELISTED
CalAmp Corp.
CAMP
$326K 0.02%
619
+42
+7% +$22.8K
CHD icon
1422
Church & Dwight Co
CHD
$24B
$325K 0.02%
6,450
– –
TRST
1423
Trustco Bank Corp NY
TRST
$971M
$325K 0.02%
7,698
+492
+7% +$21.6K
NAVI icon
1424
Navient
NAVI
$867M
$324K 0.02%
24,680
– –
IPAR icon
1425
Interparfums
IPAR
$3.7B
$323K 0.02%
6,850
+420
+7% +$19K
55 56
57
58 59

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SFM
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AI
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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 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.