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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
L icon
126
Loews
L
$23.1B
$2.69M 0.13%
54,070
– –
WCG
127
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.68M 0.13%
13,840
+380
+3% +$76.1K
BKNG icon
128
Booking.com
BKNG
$159B
$2.66M 0.13%
32,000
+250
+0.8% +$19.7K
LOW icon
129
Lowe's Companies
LOW
$121B
$2.66M 0.13%
30,270
– –
TRV icon
130
Travelers Companies
TRV
$77.2B
$2.65M 0.13%
19,050
– –
LW icon
131
Lamb Weston
LW
$7.3B
$2.64M 0.13%
45,420
+1,210
+3% +$68.5K
APD icon
132
Air Products & Chemicals
APD
$67.7B
$2.63M 0.13%
16,530
+110
+0.7% +$18.1K
MKTX icon
133
MarketAxess Holdings
MKTX
$5.72B
$2.54M 0.12%
11,680
+310
+3% +$63.8K
ELV icon
134
Elevance Health
ELV
$86.6B
$2.54M 0.12%
11,540
– –
PGR icon
135
Progressive
PGR
$121B
$2.53M 0.12%
41,560
– –
WBA
136
DELISTED
Walgreens Boots Alliance
WBA
$2.51M 0.12%
38,300
-1,450
-4% -$104K
CDK
137
DELISTED
CDK Global, Inc.
CDK
$2.49M 0.12%
39,300
-530
-1% -$37.1K
ACN icon
138
Accenture
ACN
$110B
$2.48M 0.12%
16,160
+200
+1% +$31.7K
ALL icon
139
Allstate
ALL
$64.7B
$2.48M 0.12%
26,140
– –
EMR icon
140
Emerson Electric
EMR
$91.4B
$2.48M 0.12%
36,250
– –
JLL icon
141
Jones Lang LaSalle
JLL
$16.7B
$2.46M 0.12%
14,110
+400
+3% +$64.3K
STE icon
142
Steris
STE
$23.1B
$2.46M 0.12%
26,360
+670
+3% +$60.9K
PSX icon
143
Phillips 66
PSX
$90B
$2.43M 0.12%
25,310
– –
SYK icon
144
Stryker
SYK
$133B
$2.43M 0.12%
15,090
+130
+0.9% +$21K
CPT icon
145
Camden Property Trust
CPT
$10.9B
$2.42M 0.12%
28,790
+840
+3% +$70.2K
FDS icon
146
Factset
FDS
$9.89B
$2.42M 0.12%
12,120
+260
+2% +$52.5K
GGG icon
147
Graco
GGG
$13.4B
$2.41M 0.12%
52,650
+1,830
+4% +$83.5K
FTNT icon
148
Fortinet
FTNT
$118B
$2.41M 0.12%
224,500
-4,100
-2% -$39.9K
AFG icon
149
American Financial Group
AFG
$12B
$2.4M 0.12%
21,430
+670
+3% +$74.9K
UGI icon
150
UGI
UGI
$7.53B
$2.39M 0.12%
53,760
+1,320
+3% +$59.2K
4 5
6
7 8

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VAS
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SFM
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AI
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HI
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PEA
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SUT
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WPL
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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.