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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
LNW
1426
DELISTED
Light & Wonder
LNW
$203K 0.01%
9,960
-3,220
-24% -$76.9K
KELYA icon
1427
Kelly Services Class A
KELYA
$566M
$202K 0.01%
9,140
+140
+2% +$3.21K
DOC icon
1428
Healthpeak Properties
DOC
$14.3B
$201K 0.01%
6,420
-6,200
-49% -$189K
OSUR icon
1429
OraSure Technologies
OSUR
$277M
$200K 0.01%
17,950
+260
+1% +$3.01K
RMD icon
1430
ResMed
RMD
$32.9B
$200K 0.01%
1,920
-1,860
-49% -$192K
DVN icon
1431
Devon Energy
DVN
$48.8B
$199K 0.01%
6,290
-6,280
-50% -$175K
MXIM
1432
DELISTED
Maxim Integrated Products
MXIM
$199K 0.01%
3,750
-3,720
-50% -$200K
DO
1433
DELISTED
Diamond Offshore Drilling
DO
$199K 0.01%
18,990
+3,850
+25% +$40.7K
ZVO
1434
DELISTED
Zovio Inc. Common Stock
ZVO
$198K 0.01%
32,440
– –
GEN icon
1435
Gen Digital
GEN
$17.7B
$197K 0.01%
8,590
-7,890
-48% -$172K
UNFI icon
1436
United Natural Foods
UNFI
$2.94B
$197K 0.01%
14,890
+300
+2% +$4.05K
VTRS icon
1437
Viatris
VTRS
$18.4B
$196K 0.01%
6,930
-6,920
-50% -$202K
COO icon
1438
Cooper Companies
COO
$14.9B
$195K 0.01%
2,640
-2,640
-50% -$184K
CAH icon
1439
Cardinal Health
CAH
$53.8B
$194K 0.01%
4,030
-4,140
-51% -$207K
GEF icon
1440
Greif
GEF
$5.03B
$194K 0.01%
4,700
-1,370
-23% -$54.7K
OPB
1441
DELISTED
Opus Bank Common Stock
OPB
$194K 0.01%
9,750
+180
+2% +$3.81K
AJG icon
1442
Arthur J. Gallagher & Co
AJG
$65B
$193K 0.01%
2,470
-2,360
-49% -$182K
ISCA
1443
DELISTED
International Speedway Corp
ISCA
$193K 0.01%
4,430
-1,290
-23% -$56.1K
EFX icon
1444
Equifax
EFX
$21.8B
$192K 0.01%
1,620
-1,610
-50% -$172K
RRGB icon
1445
Red Robin
RRGB
$183M
$192K 0.01%
6,650
+120
+2% +$3.7K
BKR icon
1446
Baker Hughes
BKR
$63B
$191K 0.01%
6,900
-6,750
-49% -$171K
XYL icon
1447
Xylem
XYL
$28.1B
$191K 0.01%
2,420
-2,400
-50% -$175K
ADTN icon
1448
Adtran
ADTN
$658M
$190K 0.01%
13,870
+360
+3% +$4.97K
EXPE icon
1449
Expedia Group
EXPE
$39.4B
$190K 0.01%
1,600
-1,560
-49% -$189K
CHCT
1450
Community Healthcare Trust
CHCT
$433M
$188K 0.01%
5,230
+230
+5% +$7.64K
56 57
58
59 60

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.