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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
CHS
1526
DELISTED
Chicos FAS, Inc.
CHS
$156K 0.01%
36,630
– –
MTRX icon
1527
Matrix Service
MTRX
$330M
$155K 0.01%
7,940
+170
+2% +$3.47K
NWL icon
1528
Newell Brands
NWL
$2.61B
$155K 0.01%
10,080
-6,890
-41% -$127K
PHLT
1529
DELISTED
Performant Healthcare Inc
PHLT
$155K 0.01%
74,640
– –
REG icon
1530
Regency Centers
REG
$14.1B
$154K 0.01%
2,280
-2,250
-50% -$144K
UHS icon
1531
Universal Health Services
UHS
$10.1B
$154K 0.01%
1,150
-1,130
-50% -$149K
EXTN
1532
DELISTED
Exterran Corporation
EXTN
$154K 0.01%
9,120
– –
LUMN icon
1533
Lumen
LUMN
$6.57B
$153K 0.01%
12,783
-13,240
-51% -$184K
ACOR
1534
DELISTED
Acorda Therapeutics
ACOR
$153K 0.01%
96
+2
+2% +$3.6K
TISI icon
1535
Team
TISI
$99.7M
$152K 0.01%
868
– –
VECO icon
1536
Veeco
VECO
$3.32B
$152K 0.01%
14,008
+280
+2% +$2.89K
CTRA
1537
DELISTED
Coterra Energy
CTRA
$151K 0.01%
5,800
-6,150
-51% -$154K
MCRI icon
1538
Monarch Casino & Resort
MCRI
$2.18B
$151K 0.01%
3,440
+80
+2% +$3.44K
QNST icon
1539
QuinStreet
QNST
$1.18B
$150K 0.01%
11,190
+560
+5% +$8.68K
CRCM
1540
DELISTED
CARE.COM, INC.
CRCM
$150K 0.01%
+7,590
New +$170K
LNT icon
1541
Alliant Energy
LNT
$18.3B
$149K 0.01%
3,170
-3,110
-50% -$139K
LW icon
1542
Lamb Weston
LW
$7.44B
$148K 0.01%
1,970
-1,960
-50% -$139K
UEIC icon
1543
Universal Electronics
UEIC
$67.6M
$148K 0.01%
3,980
– –
XRAY icon
1544
Dentsply Sirona
XRAY
$2.27B
$148K 0.01%
2,990
-2,940
-50% -$129K
EXPR
1545
DELISTED
Express, Inc.
EXPR
$148K 0.01%
1,734
– –
UFI icon
1546
UNIFI
UFI
$124M
$147K 0.01%
7,600
– –
VICR icon
1547
Vicor
VICR
$10.7B
$147K 0.01%
4,750
+100
+2% +$3.69K
DRE
1548
DELISTED
Duke Realty Corp.
DRE
$147K 0.01%
4,820
-4,770
-50% -$140K
TTEC icon
1549
TTEC Holdings
TTEC
$77.9M
$146K 0.01%
4,020
– –
BGG
1550
DELISTED
Briggs & Stratton Corp.
BGG
$146K 0.01%
12,340
+240
+2% +$3.12K
60 61
62
63 64

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.