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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
OSPN icon
1476
OneSpan
OSPN
$603M
$176K 0.01%
9,140
+200
+2% +$3.4K
LION
1477
DELISTED
Fidelity Southern Corporation
LION
$176K 0.01%
6,430
+180
+3% +$5.36K
AAL icon
1478
American Airlines Group
AAL
$9.97B
$175K 0.01%
5,510
-5,690
-51% -$191K
COHU icon
1479
Cohu
COHU
$2.79B
$175K 0.01%
11,840
+310
+3% +$5.28K
FOXA icon
1480
Fox Class A
FOXA
$27.1B
$175K 0.01%
+4,770
New +$186K
HOLX
1481
DELISTED
Hologic
HOLX
$175K 0.01%
3,620
-3,630
-50% -$164K
IFF icon
1482
International Flavors & Fragrances
IFF
$21.5B
$175K 0.01%
1,360
-1,350
-50% -$179K
MOV icon
1483
Movado Group
MOV
$807M
$175K 0.01%
4,800
+90
+2% +$3.02K
RGS icon
1484
Regis Corp
RGS
$70.9M
$174K 0.01%
443
-45
-9% -$16.7K
ABMD
1485
DELISTED
Abiomed Inc
ABMD
$174K 0.01%
610
-590
-49% -$196K
BANC icon
1486
Banc of California
BANC
$3.13B
$173K 0.01%
12,500
+160
+1% +$2.39K
CEVA icon
1487
CEVA Inc
CEVA
$871M
$173K 0.01%
6,420
+160
+3% +$4.34K
EXR icon
1488
Extra Space Storage
EXR
$31.4B
$173K 0.01%
1,700
-1,700
-50% -$163K
UIS icon
1489
Unisys
UIS
$206M
$173K 0.01%
14,850
+310
+2% +$4K
ROCC
1490
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
$172K 0.01%
3,900
+60
+2% +$3.21K
MLM icon
1491
Martin Marietta Materials
MLM
$32.9B
$171K 0.01%
850
-840
-50% -$157K
SRDX
1492
DELISTED
Surmodics
SRDX
$171K 0.01%
3,930
+70
+2% +$3.57K
CTXS
1493
DELISTED
Citrix Systems Inc
CTXS
$171K 0.01%
1,720
-1,670
-49% -$173K
MERC icon
1494
Mercer International
MERC
$33.9M
$170K 0.01%
+12,610
New +$173K
OVV icon
1495
Ovintiv
OVV
$17.1B
$170K 0.01%
+4,697
New +$161K
DCOM
1496
DELISTED
Dime Community Bancshares
DCOM
$170K 0.01%
9,070
– –
HSKA
1497
DELISTED
Heska Corp
HSKA
$169K 0.01%
1,990
+40
+2% +$3.61K
COR icon
1498
Cencora
COR
$59.8B
$168K 0.01%
2,110
-2,080
-50% -$167K
CPRT icon
1499
Copart
CPRT
$27B
$168K 0.01%
11,080
-10,800
-49% -$147K
LNC icon
1500
Lincoln National
LNC
$8.59B
$168K 0.01%
2,870
-2,850
-50% -$169K
58 59
60
61 62

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
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
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

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.