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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
PKE icon
1626
Park Aerospace
PKE
$820M
$88K 0.01%
5,610
+250
+5% +$4.71K
CDR
1627
DELISTED
Cedar Realty Trust, Inc
CDR
$88K 0.01%
3,918
+109
+3% +$2.45K
FLIR
1628
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$88K 0.01%
1,860
-1,680
-47% -$81.2K
DAKT icon
1629
Daktronics
DAKT
$998M
$86K 0.01%
11,490
+460
+4% +$3.56K
TTI icon
1630
TETRA Technologies
TTI
$1.28B
$86K 0.01%
36,850
+1,450
+4% +$3.37K
BBWI icon
1631
Bath & Body Works
BBWI
$3.68B
$85K 0.01%
3,798
-4,181
-52% -$91.9K
LL
1632
DELISTED
LL Flooring Holdings, Inc.
LL
$84K 0.01%
8,330
+280
+3% +$3.1K
LOCO icon
1633
El Pollo Loco
LOCO
$470M
$83K 0.01%
6,370
– –
HP icon
1634
Helmerich & Payne
HP
$4.26B
$82K 0.01%
1,470
-1,330
-48% -$72.5K
ROL icon
1635
Rollins
ROL
$17.6B
$82K 0.01%
2,963
-2,955
-50% -$76.8K
IVC
1636
DELISTED
Invacare Corporation
IVC
$81K 0.01%
9,730
+380
+4% +$2.74K
FLS icon
1637
Flowserve
FLS
$10.2B
$79K 0.01%
1,760
-1,610
-48% -$70.3K
FOX icon
1638
Fox Class B
FOX
$24B
$79K 0.01%
+2,196
New +$83.7K
CBL
1639
DELISTED
CBL& Associates Properties, Inc.
CBL
$78K 0.01%
50,250
+1,580
+3% +$3.37K
CENT icon
1640
Central Garden & Pet Co
CENT
$2.81B
$77K 0.01%
3,750
+112
+3% +$2.98K
SPOK icon
1641
Spok Holdings
SPOK
$230M
$76K 0.01%
5,600
– –
BELFB
1642
Bel Fuse Inc Class B
BELFB
$4.24B
$75K 0.01%
2,950
+170
+6% +$3.93K
CCRN
1643
DELISTED
Cross Country Healthcare
CCRN
$75K 0.01%
10,630
+370
+4% +$3.17K
ACH
1644
Accendra Health
ACH
$88.4M
$74K ﹤0.01%
18,020
– –
IPGP icon
1645
IPG Photonics
IPGP
$3.73B
$73K ﹤0.01%
480
-510
-52% -$72.2K
CUTR
1646
DELISTED
Cutera, Inc.
CUTR
$72K ﹤0.01%
4,050
+210
+5% +$3.29K
JEF icon
1647
Jefferies Financial Group
JEF
$12.7B
$71K ﹤0.01%
4,223
-4,915
-54% -$86.8K
TRIP icon
1648
TripAdvisor
TRIP
$1.25B
$71K ﹤0.01%
1,380
-1,420
-51% -$77.8K
COTY icon
1649
Coty
COTY
$2.46B
$70K ﹤0.01%
6,060
-6,120
-50% -$57.9K
PENG
1650
Penguin Solutions Inc
PENG
$3.13B
$70K ﹤0.01%
+7,240
New +$93.8K
64 65
66
67 68

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.