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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
GFF icon
1451
Griffon
GFF
$4.81B
$188K 0.01%
10,170
+620
+6% +$9.96K
HST icon
1452
Host Hotels & Resorts
HST
$15.6B
$188K 0.01%
9,970
-9,680
-49% -$179K
TFX icon
1453
Teleflex
TFX
$5.77B
$187K 0.01%
620
-10,390
-94% -$2.9M
CIR
1454
DELISTED
CIRCOR International, Inc
CIR
$187K 0.01%
5,740
– –
ADUS icon
1455
Addus HomeCare
ADUS
$2.2B
$186K 0.01%
2,930
+90
+3% +$5.79K
MIK
1456
DELISTED
Michaels Stores, Inc
MIK
$186K 0.01%
16,270
-7,210
-31% -$98.8K
DOV icon
1457
Dover
DOV
$27.9B
$185K 0.01%
1,970
-2,050
-51% -$177K
IT icon
1458
Gartner
IT
$11.1B
$185K 0.01%
1,220
-1,220
-50% -$169K
VRA icon
1459
Vera Bradley
VRA
$94.7M
$185K 0.01%
13,940
– –
FOSL icon
1460
Fossil Group
FOSL
$331M
$183K 0.01%
13,340
+200
+2% +$3.19K
MAGN
1461
Magnera Corp
MAGN
$435M
$183K 0.01%
995
+21
+2% +$3.54K
WCG
1462
DELISTED
Wellcare Health Plans, Inc.
WCG
$183K 0.01%
680
-660
-49% -$170K
HT
1463
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$182K 0.01%
10,630
+140
+1% +$2.52K
ANIP icon
1464
ANI Pharmaceuticals
ANIP
$1.72B
$181K 0.01%
2,560
– –
CAG icon
1465
Conagra Brands
CAG
$7.36B
$181K 0.01%
6,530
-6,060
-48% -$139K
HBAN icon
1466
Huntington Bancshares
HBAN
$36.2B
$181K 0.01%
14,270
-15,020
-51% -$202K
SNEX icon
1467
StoneX
SNEX
$8.1B
$181K 0.01%
23,591
+354
+2% +$2.79K
VTLE
1468
DELISTED
Vital Energy
VTLE
$180K 0.01%
2,909
+34
+1% +$2.42K
UBA
1469
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$180K 0.01%
8,740
+120
+1% +$2.5K
ATNI icon
1470
ATN International
ATNI
$492M
$179K 0.01%
3,180
+40
+1% +$2.65K
PYX
1471
DELISTED
Pyxus International, Inc.
PYX
$179K 0.01%
7,500
– –
CE icon
1472
Celanese
CE
$4.81B
$177K 0.01%
+1,800
New +$177K
CRVL icon
1473
CorVel
CRVL
$3.21B
$177K 0.01%
8,130
– –
BFS
1474
Saul Centers
BFS
$860M
$176K 0.01%
3,430
– –
CINF icon
1475
Cincinnati Financial
CINF
$26.5B
$176K 0.01%
2,050
-2,010
-50% -$166K
57 58
59
60 61

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
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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.