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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
DFS
176
DELISTED
Discover Financial Services
DFS
$1.44M 0.1%
20,240
-5,070
-20% -$347K
COST icon
177
Costco
COST
$421B
$1.44M 0.1%
5,930
-5,850
-50% -$1.28M
OXY icon
178
Occidental Petroleum
OXY
$58.5B
$1.43M 0.1%
21,660
-10,310
-32% -$679K
SYY icon
179
Sysco
SYY
$40.5B
$1.43M 0.1%
21,460
-6,370
-23% -$414K
TYL icon
180
Tyler Technologies
TYL
$13B
$1.43M 0.1%
7,000
-2,290
-25% -$454K
NTRS icon
181
Northern Trust
NTRS
$35B
$1.43M 0.1%
15,820
-2,970
-16% -$268K
OHI icon
182
Omega Healthcare
OHI
$13.9B
$1.43M 0.09%
37,350
-10,800
-22% -$400K
FITB
183
Fifth Third Bancorp
FITB
$52.6B
$1.42M 0.09%
56,432
+12,122
+27% +$323K
ALLE icon
184
Allegion
ALLE
$14.1B
$1.42M 0.09%
15,690
-1,170
-7% -$102K
SLP icon
185
Simulations Plus
SLP
$371M
$1.42M 0.09%
67,110
– –
RPM icon
186
RPM International
RPM
$14.7B
$1.4M 0.09%
24,190
-7,880
-25% -$447K
PSX icon
187
Phillips 66
PSX
$90B
$1.4M 0.09%
14,740
-5,680
-28% -$540K
KRC icon
188
Kilroy Realty
KRC
$4.22B
$1.4M 0.09%
18,370
-5,820
-24% -$417K
PBCT
189
DELISTED
People's United Financial Inc
PBCT
$1.38M 0.09%
84,000
-4,810
-5% -$80.1K
STI
190
DELISTED
SunTrust Banks, Inc.
STI
$1.38M 0.09%
23,280
-6,320
-21% -$387K
DAR icon
191
Darling Ingredients
DAR
$10B
$1.37M 0.09%
63,270
+650
+1% +$13.7K
TECH icon
192
Bio-Techne
TECH
$11.3B
$1.37M 0.09%
27,520
-8,760
-24% -$394K
AEE icon
193
Ameren
AEE
$30.1B
$1.36M 0.09%
18,500
-3,150
-15% -$219K
RDUS
194
DELISTED
Radius Recycling
RDUS
$1.36M 0.09%
56,500
– –
MYRG icon
195
MYR Group
MYRG
$5.18B
$1.35M 0.09%
38,970
– –
CDK
196
DELISTED
CDK Global, Inc.
CDK
$1.34M 0.09%
22,810
-8,300
-27% -$453K
CDNS icon
197
Cadence Design Systems
CDNS
$89B
$1.34M 0.09%
21,060
-3,770
-15% -$200K
TTC icon
198
Toro Company
TTC
$9.32B
$1.34M 0.09%
19,410
-5,870
-23% -$372K
PPG icon
199
PPG Industries
PPG
$25.5B
$1.33M 0.09%
11,800
-3,380
-22% -$362K
CVS icon
200
CVS Health
CVS
$121B
$1.33M 0.09%
24,657
-17,190
-41% -$1.06M
6 7
8
9 10

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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.