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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
HPR
1651
DELISTED
HighPoint Resources Corporation
HPR
$70K ﹤0.01%
630
– –
POWL icon
1652
Powell Industries
POWL
$7.59B
$68K ﹤0.01%
7,680
+300
+4% +$2.95K
AAOI icon
1653
Applied Optoelectronics
AAOI
$12.1B
$67K ﹤0.01%
5,520
– –
AIZ icon
1654
Assurant
AIZ
$14B
$66K ﹤0.01%
700
-690
-50% -$66.8K
NWSA icon
1655
News Corp Class A
NWSA
$15.7B
$64K ﹤0.01%
5,180
-4,690
-48% -$59K
LKSD
1656
DELISTED
LSC Communications, Inc.
LKSD
$64K ﹤0.01%
9,770
+360
+4% +$2.82K
TTSH
1657
DELISTED
Tile Shop Holdings
TTSH
$63K ﹤0.01%
11,110
– –
MAC icon
1658
Macerich
MAC
$7.06B
$62K ﹤0.01%
1,420
-1,390
-49% -$61.4K
MAT icon
1659
Mattel
MAT
$4.25B
$60K ﹤0.01%
4,640
-4,210
-48% -$56.2K
FTR
1660
DELISTED
Frontier Communications Corp.
FTR
$60K ﹤0.01%
30,150
– –
LQDT icon
1661
Liquidity Services
LQDT
$1.35B
$59K ﹤0.01%
7,700
+370
+5% +$2.77K
BHF icon
1662
Brighthouse Financial
BHF
$3.44B
$58K ﹤0.01%
1,591
-1,580
-50% -$59.2K
WBD icon
1663
Warner Bros
WBD
$70B
$57K ﹤0.01%
2,110
-2,680
-56% -$74.6K
ASNA
1664
DELISTED
Ascena Retail Group, Inc.
ASNA
$54K ﹤0.01%
2,497
– –
UAA icon
1665
Under Armour
UAA
$2.31B
$53K ﹤0.01%
2,520
-3,420
-58% -$71.6K
GEOS icon
1666
Geospace Technologies
GEOS
$65.5M
$50K ﹤0.01%
3,830
– –
UA icon
1667
Under Armour Class C
UA
$2.26B
$49K ﹤0.01%
2,581
-3,380
-57% -$63.9K
BFX
1668
DELISTED
BowFlex Inc.
BFX
$48K ﹤0.01%
8,570
– –
SENEA icon
1669
Seneca Foods Class A
SENEA
$1.3B
$47K ﹤0.01%
1,900
– –
BNED icon
1670
Barnes & Noble Education
BNED
$426M
$44K ﹤0.01%
106
– –
LXU icon
1671
LSB Industries
LXU
$710M
$36K ﹤0.01%
7,449
– –
GIFI
1672
DELISTED
Gulf Island Fabrication
GIFI
$35K ﹤0.01%
3,860
– –
VSI
1673
DELISTED
Vitamin Shoppe Inc.
VSI
$32K ﹤0.01%
4,520
– –
SUP
1674
DELISTED
Superior Industries International
SUP
$31K ﹤0.01%
6,560
– –
KOPN icon
1675
Kopin
KOPN
$931M
$23K ﹤0.01%
17,480
– –
65 66
67
68 69

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VAS
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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
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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.