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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
POST icon
201
Post Holdings
POST
$3.69B
$1.33M 0.09%
18,580
-5,883
-24% -$385K
SCI icon
202
Service Corp International
SCI
$11.5B
$1.32M 0.09%
32,990
-10,360
-24% -$432K
NSIT icon
203
Insight Enterprises
NSIT
$4.6B
$1.32M 0.09%
23,940
+140
+0.6% +$7.06K
PCMI
204
DELISTED
PCM, Inc
PCMI
$1.31M 0.09%
35,870
– –
MSCI icon
205
MSCI
MSCI
$41.1B
$1.31M 0.09%
6,600
-1,170
-15% -$204K
LIN icon
206
Linde
LIN
$222B
$1.31M 0.09%
7,460
-7,330
-50% -$1.22M
EXEL icon
207
Exelixis
EXEL
$12.5B
$1.31M 0.09%
54,890
-16,740
-23% -$382K
ABM icon
208
ABM Industries
ABM
$2.84B
$1.3M 0.09%
35,920
+410
+1% +$14.3K
LPT
209
DELISTED
Liberty Property Trust
LPT
$1.3M 0.09%
26,950
-8,570
-24% -$399K
EVRG icon
210
Evergy
EVRG
$19.3B
$1.3M 0.09%
22,430
-3,650
-14% -$208K
RYZ
211
Ryerson Holding Corp
RYZ
$1.52B
$1.3M 0.09%
151,840
– –
HRC
212
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.3M 0.09%
12,270
-3,690
-23% -$372K
AGM icon
213
Federal Agricultural Mortgage
AGM
$2.57B
$1.29M 0.09%
17,840
– –
SBNY
214
DELISTED
Signature Bank
SBNY
$1.29M 0.09%
10,080
-3,220
-24% -$410K
MPT
215
Medical Properties Trust
MPT
$2.46B
$1.29M 0.09%
69,700
-17,990
-21% -$321K
FORM icon
216
FormFactor
FORM
$10.2B
$1.29M 0.09%
80,010
+360
+0.5% +$5.43K
CSL icon
217
Carlisle Companies
CSL
$15.1B
$1.28M 0.09%
10,480
-3,800
-27% -$439K
FDX icon
218
FedEx
FDX
$78.3B
$1.28M 0.09%
7,080
-3,240
-31% -$573K
JLL icon
219
Jones Lang LaSalle
JLL
$16.9B
$1.28M 0.09%
8,310
-2,630
-24% -$396K
RLGT icon
220
Radiant Logistics
RLGT
$406M
$1.28M 0.09%
202,720
– –
CRL icon
221
Charles River Laboratories
CRL
$13.6B
$1.27M 0.08%
8,770
-2,770
-24% -$364K
CNP icon
222
CenterPoint Energy
CNP
$26.8B
$1.27M 0.08%
41,320
-6,420
-13% -$194K
RJF icon
223
Raymond James Financial
RJF
$34.7B
$1.27M 0.08%
23,670
-2,565
-10% -$137K
ANSS
224
DELISTED
Ansys
ANSS
$1.27M 0.08%
6,940
-1,130
-14% -$191K
EWBC icon
225
East-West Bancorp
EWBC
$18.6B
$1.27M 0.08%
26,430
-8,400
-24% -$429K
7 8
9
10 11

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.