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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
FORR icon
1551
Forrester Research
FORR
$222M
$145K 0.01%
3,000
+70
+2% +$3.26K
RVTY icon
1552
Revvity
RVTY
$13.1B
$145K 0.01%
1,500
-1,470
-49% -$132K
CBOE icon
1553
Cboe Global Markets
CBOE
$30.6B
$144K 0.01%
1,510
-1,440
-49% -$137K
JKHY icon
1554
Jack Henry & Associates
JKHY
$10.8B
$144K 0.01%
1,040
-1,030
-50% -$136K
PNW icon
1555
Pinnacle West Capital
PNW
$12.2B
$144K 0.01%
1,510
-1,500
-50% -$135K
TTWO icon
1556
Take-Two Interactive
TTWO
$45B
$144K 0.01%
1,530
-1,470
-49% -$143K
APEI icon
1557
American Public Education
APEI
$842M
$143K 0.01%
4,750
– –
LMAT icon
1558
LeMaitre Vascular
LMAT
$1.88B
$143K 0.01%
4,620
+130
+3% +$3.47K
HLIT icon
1559
Harmonic Inc
HLIT
$1.42B
$141K 0.01%
26,070
+1,190
+5% +$6.31K
WW
1560
DELISTED
WW International
WW
$141K 0.01%
7,020
-2,160
-24% -$59.7K
FMC icon
1561
FMC
FMC
$1.26B
$139K 0.01%
1,810
-2,364
-57% -$173K
WSR
1562
DELISTED
Whitestone REIT
WSR
$138K 0.01%
11,500
– –
CBB
1563
DELISTED
Cincinnati Bell Inc.
CBB
$138K 0.01%
14,510
– –
IRM icon
1564
Iron Mountain
IRM
$37.5B
$137K 0.01%
3,850
-3,830
-50% -$135K
JCP
1565
DELISTED
J.C. Penney Company, Inc.
JCP
$137K 0.01%
91,780
+3,180
+4% +$4.48K
FRT icon
1566
Federal Realty Investment Trust
FRT
$10.3B
$136K 0.01%
990
-980
-50% -$128K
PETS icon
1567
PetMed Express
PETS
$42.3M
$136K 0.01%
5,980
– –
NDAQ icon
1568
Nasdaq
NDAQ
$53.4B
$135K 0.01%
4,620
-4,440
-49% -$126K
HAS icon
1569
Hasbro
HAS
$13.5B
$133K 0.01%
1,560
-1,580
-50% -$138K
VSTO
1570
DELISTED
Vista Outdoor Inc.
VSTO
$133K 0.01%
16,640
– –
HOS
1571
DELISTED
Hornbeck Offshore Services, Inc.
HOS
$132K 0.01%
106,270
– –
CTRL
1572
DELISTED
Control4 Corporation
CTRL
$132K 0.01%
7,770
+330
+4% +$5.95K
CYTK icon
1573
Cytokinetics
CYTK
$10.4B
$130K 0.01%
16,040
+470
+3% +$3.46K
MOS icon
1574
The Mosaic Company
MOS
$7.09B
$130K 0.01%
4,770
-4,750
-50% -$145K
AMAG
1575
DELISTED
AMAG Pharmaceuticals
AMAG
$130K 0.01%
10,120
+150
+2% +$2.23K
61 62
63
64 65

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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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MU
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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.