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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
MYRG icon
1476
MYR Group
MYRG
$5.1B
$288K 0.01%
9,350
+400
+4% +$13.6K
CBL
1477
DELISTED
CBL& Associates Properties, Inc.
CBL
$288K 0.01%
68,960
+4,200
+6% +$21K
CTRA
1478
DELISTED
Coterra Energy
CTRA
$287K 0.01%
11,950
– –
INTT icon
1479
inTEST
INTT
$174M
$287K 0.01%
43,230
– –
CINF icon
1480
Cincinnati Financial
CINF
$26.5B
$286K 0.01%
3,850
– –
PRGO icon
1481
Perrigo
PRGO
$1.78B
$286K 0.01%
3,430
– –
DO
1482
DELISTED
Diamond Offshore Drilling
DO
$286K 0.01%
19,510
– –
BWEN icon
1483
Broadwind
BWEN
$125M
$285K 0.01%
129,450
– –
EXR icon
1484
Extra Space Storage
EXR
$31.6B
$284K 0.01%
3,250
– –
MDXG icon
1485
MiMedx Group
MDXG
$612M
$284K 0.01%
40,800
+1,860
+5% +$21.7K
CNR
1486
Core Natural Resources Inc
CNR
$4.64B
$284K 0.01%
9,790
– –
ECHO
1487
DELISTED
Echo Global Logistics, Inc.
ECHO
$284K 0.01%
10,280
– –
CNSL
1488
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$282K 0.01%
25,720
+1,320
+5% +$15.8K
DOC icon
1489
Healthpeak Properties
DOC
$14.3B
$281K 0.01%
12,110
– –
ACTG icon
1490
Acacia Research
ACTG
$449M
$280K 0.01%
79,860
– –
GDEN
1491
DELISTED
Golden Entertainment
GDEN
$280K 0.01%
12,060
– –
HOFT icon
1492
Hooker Furnishings Corp
HOFT
$158M
$280K 0.01%
7,630
– –
CIR
1493
DELISTED
CIRCOR International, Inc
CIR
$280K 0.01%
6,560
+370
+6% +$17.8K
BSET icon
1494
Bassett Furniture
BSET
$170M
$279K 0.01%
9,180
– –
IFF icon
1495
International Flavors & Fragrances
IFF
$21.4B
$279K 0.01%
2,040
– –
DRI icon
1496
Darden Restaurants
DRI
$25.4B
$276K 0.01%
3,240
– –
IT icon
1497
Gartner
IT
$11.6B
$275K 0.01%
2,340
– –
EVC icon
1498
Entravision Communication
EVC
$820M
$271K 0.01%
57,610
– –
HSIC icon
1499
Henry Schein
HSIC
$10B
$271K 0.01%
5,138
-1,492
-23% -$82.7K
RGP icon
1500
Resources Connection
RGP
$145M
$271K 0.01%
16,740
– –
58 59
60
61 62

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SFM
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AI
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PEA
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SUT
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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.