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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
MHK icon
1601
Mohawk Industries
MHK
$9.46B
$107K 0.01%
850
-780
-48% -$102K
AIV
1602
Aimco
AIV
$381M
$105K 0.01%
15,689
-14,789
-49% -$95.4K
MPAA icon
1603
Motorcar Parts of America
MPAA
$237M
$105K 0.01%
5,540
+160
+3% +$3.19K
TBRG
1604
DELISTED
TruBridge
TBRG
$104K 0.01%
3,510
+100
+3% +$2.89K
HWKN icon
1605
Hawkins
HWKN
$2.71B
$103K 0.01%
5,580
– –
FSB
1606
DELISTED
Franklin Financial Network, Inc.
FSB
$102K 0.01%
3,520
– –
ACIC icon
1607
American Coastal Insurance
ACIC
$469M
$100K 0.01%
6,300
+200
+3% +$3.23K
PDFS icon
1608
PDF Solutions
PDFS
$2.16B
$100K 0.01%
8,080
+330
+4% +$3.65K
CPB icon
1609
Campbell Soup
CPB
$6.93B
$99K 0.01%
2,590
-2,420
-48% -$85.4K
VRTV
1610
DELISTED
VERITIV CORPORATION
VRTV
$98K 0.01%
3,720
+110
+3% +$3.36K
DISH
1611
DELISTED
DISH Network Corp.
DISH
$98K 0.01%
3,080
-2,800
-48% -$85.8K
SEE
1612
DELISTED
Sealed Air
SEE
$97K 0.01%
2,110
-2,800
-57% -$116K
RRD
1613
DELISTED
RR Donnelley & Sons Co.
RRD
$97K 0.01%
20,490
+670
+3% +$3.45K
PNR icon
1614
Pentair
PNR
$10.5B
$96K 0.01%
2,150
-2,120
-50% -$88.3K
AKRX
1615
DELISTED
Akorn Inc
AKRX
$96K 0.01%
27,210
– –
DPLO
1616
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
$96K 0.01%
16,470
+350
+2% +$3.61K
ASRT
1617
DELISTED
Assertio
ASRT
$95K 0.01%
312
+13
+4% +$3.35K
ALK icon
1618
Alaska Air
ALK
$5.4B
$93K 0.01%
1,660
-1,530
-48% -$93.4K
CPRI icon
1619
Capri Holdings
CPRI
$1.76B
$92K 0.01%
2,020
-1,900
-48% -$83K
HCI icon
1620
HCI Group
HCI
$2.33B
$91K 0.01%
2,130
– –
FBIN icon
1621
Fortune Brands Innovations
FBIN
$5.92B
$90K 0.01%
2,223
-2,434
-52% -$93.4K
DSPG
1622
DELISTED
DSP Group Inc
DSPG
$90K 0.01%
6,390
– –
BKS
1623
DELISTED
Barnes & Noble
BKS
$90K 0.01%
16,610
+600
+4% +$3.66K
ARLO icon
1624
Arlo Technologies
ARLO
$1.54B
$89K 0.01%
+21,608
New +$120K
FRGI
1625
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$89K 0.01%
6,780
– –
63 64
65
66 67

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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.