We are live on ! Find out more
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
NSC icon
151
Norfolk Southern
NSC
$75.3B
$1.58M 0.11%
8,450
-3,830
-31% -$662K
MTB icon
152
M&T Bank
MTB
$36.6B
$1.57M 0.1%
10,030
-2,020
-17% -$332K
OGE icon
153
OGE Energy
OGE
$9.69B
$1.57M 0.1%
36,410
-11,590
-24% -$480K
TDY icon
154
Teledyne Technologies
TDY
$31.8B
$1.57M 0.1%
6,620
-2,010
-23% -$455K
MHO icon
155
M/I Homes
MHO
$3.82B
$1.56M 0.1%
58,540
– –
WAT icon
156
Waters Corp
WAT
$40.9B
$1.56M 0.1%
6,180
-1,040
-14% -$237K
AOS icon
157
A.O. Smith
AOS
$8.51B
$1.55M 0.1%
29,110
-1,850
-6% -$92K
WY icon
158
Weyerhaeuser
WY
$17.8B
$1.55M 0.1%
58,678
-9,930
-14% -$250K
OPY icon
159
Oppenheimer Holdings
OPY
$1.23B
$1.54M 0.1%
59,170
– –
A icon
160
Agilent Technologies
A
$41.9B
$1.52M 0.1%
18,980
-4,160
-18% -$316K
COF icon
161
Capital One
COF
$136B
$1.52M 0.1%
18,610
-6,480
-26% -$527K
PH icon
162
Parker-Hannifin
PH
$135B
$1.51M 0.1%
8,820
-1,730
-16% -$287K
OKE icon
163
Oneok
OKE
$58.3B
$1.51M 0.1%
21,600
-5,470
-20% -$354K
WEX icon
164
WEX
WEX
$6.48B
$1.51M 0.1%
7,860
-2,500
-24% -$422K
GGG icon
165
Graco
GGG
$13.4B
$1.5M 0.1%
30,340
-9,830
-24% -$445K
WRB icon
166
W.R. Berkley
WRB
$25.9B
$1.49M 0.1%
59,366
-18,698
-24% -$441K
ISRG icon
167
Intuitive Surgical
ISRG
$142B
$1.49M 0.1%
7,830
-4,470
-36% -$794K
WST icon
168
West Pharmaceutical
WST
$24.8B
$1.49M 0.1%
13,500
-4,170
-24% -$434K
PRU icon
169
Prudential Financial
PRU
$42.3B
$1.48M 0.1%
16,150
-5,570
-26% -$514K
STLD icon
170
Steel Dynamics
STLD
$37.7B
$1.48M 0.1%
41,850
-14,580
-26% -$518K
TDG icon
171
TransDigm Group
TDG
$68.3B
$1.47M 0.1%
3,240
-630
-16% -$256K
EMN icon
172
Eastman Chemical
EMN
$8.29B
$1.46M 0.1%
19,200
-1,860
-9% -$148K
MAS icon
173
Masco
MAS
$14.7B
$1.45M 0.1%
36,870
-4,120
-10% -$147K
FICO icon
174
Fair Isaac
FICO
$22.6B
$1.45M 0.1%
5,320
-1,670
-24% -$392K
MET icon
175
MetLife
MET
$61.4B
$1.45M 0.1%
33,930
-13,350
-28% -$590K
5 6
7
8 9

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.