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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
-0.79%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.06B
AUM Growth
+$59.9M
Cap. Flow
+$109M
Cap. Flow %
5.3%
Top 10 Hldgs %
7.34%
Holding
1,705
New
30
Increased
821
Reduced
51
Closed
24

Top Buys

Rank Stock Value
1
NGL icon
NGL Energy Partners
NGL
+$6.75M
2
NS
NuStar Energy L.P.
NS
+$4.92M
3
BWP
Boardwalk Pipeline Partners
BWP
+$4.28M
4
GEL icon
Genesis Energy
GEL
+$4.04M
5
DM
Dominion Energy Midstream Ptr LP
DM
+$3.78M

Top Sells

Rank Stock Value
1
NKTR icon
Nektar Therapeutics
NKTR
+$4.72M
2
SIVB
SVB Financial Group
SIVB
+$3.65M
3
TTWO icon
Take-Two Interactive
TTWO
+$3.53M
4
AFAM
Almost Family Inc
AFAM
+$3.29M
5
HII icon
Huntington Ingalls Industries
HII
+$3.11M

Sector Composition

Rank Sector Weight
1 Financials 15.44%
2 Technology 13.93%
3 Industrials 13.78%
4 Healthcare 11.28%
5 Consumer Discretionary 9.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.41T
$25.4M 1.24%
606,560
-1,960
-0.3% -$84.4K
MSFT icon
2
Microsoft
MSFT
$3.66T
$22M 1.07%
240,500
+2,760
+1% +$252K
AMZN icon
3
Amazon
AMZN
$2.88T
$19.5M 0.95%
270,000
+4,600
+2% +$329K
JPM icon
4
JPMorgan Chase
JPM
$971B
$13.3M 0.64%
120,570
-980
-0.8% -$111K
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.09T
$13.3M 0.64%
66,430
+710
+1% +$146K
META icon
6
Meta Platforms (Facebook)
META
$1.47T
$12.8M 0.62%
79,870
+1,540
+2% +$277K
JNJ icon
7
Johnson & Johnson
JNJ
$629B
$11.8M 0.57%
91,860
+950
+1% +$128K
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.2T
$11.2M 0.54%
215,800
+2,400
+1% +$133K
XOM icon
9
ExxonMobil
XOM
$657B
$11M 0.53%
147,310
+1,560
+1% +$125K
BAC icon
10
Bank of America
BAC
$453B
$10.9M 0.53%
364,740
-2,810
-0.8% -$88.3K
INTC icon
11
Intel
INTC
$509B
$10.3M 0.5%
198,570
+1,230
+0.6% +$58.5K
CSCO icon
12
Cisco
CSCO
$488B
$9.25M 0.45%
215,750
-2,950
-1% -$125K
WFC icon
13
Wells Fargo
WFC
$269B
$8.99M 0.44%
171,510
– –
V icon
14
Visa
V
$671B
$8.97M 0.44%
75,030
– –
HD icon
15
Home Depot
HD
$342B
$8.7M 0.42%
48,830
+140
+0.3% +$26.3K
T icon
16
AT&T
T
$166B
$8.7M 0.42%
323,089
+2,979
+0.9% +$82.9K
CVX icon
17
Chevron
CVX
$386B
$8.6M 0.42%
75,380
+1,100
+1% +$131K
UNH icon
18
UnitedHealth
UNH
$364B
$8.59M 0.42%
40,150
+370
+0.9% +$84.5K
BA icon
19
Boeing
BA
$183B
$8.56M 0.42%
26,100
+140
+0.5% +$47.3K
PFE icon
20
Pfizer
PFE
$150B
$8.51M 0.41%
252,665
+1,887
+0.8% +$64.9K
GOOG icon
21
Alphabet (Google) Class C
GOOG
$4.19T
$8.23M 0.4%
159,460
+3,600
+2% +$199K
VZ icon
22
Verizon
VZ
$195B
$8.15M 0.4%
170,410
+2,770
+2% +$139K
MA icon
23
Mastercard
MA
$490B
$7.82M 0.38%
44,660
– –
PG icon
24
Procter & Gamble
PG
$335B
$7.79M 0.38%
98,280
– –
C icon
25
Citigroup
C
$231B
$7.34M 0.36%
108,720
-3,040
-3% -$229K
1
2 3 4 5

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VAS
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SFM
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AI
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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 2018 Portfolio in Review

As of Q1 2018, Municipal Employees' Retirement System of Michigan held 1,705 positions worth $2.06B, up 3% from $2B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $109M of net new capital in Q1 2018, opening 30 new positions and adding to 821 existing holdings. Its largest new stake was NGL Energy Partners: 490,740 shares worth $5.4M.

By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Nektar Therapeutics, an estimated $4.72M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2018 buy was NGL Energy Partners: 490,740 shares worth $5.4M.
  • Municipal Employees' Retirement System of Michigan added most to NuStar Energy L.P. in Q1 2018, an estimated $4.92M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2018 reduction was Nektar Therapeutics, cutting an estimated $4.72M.
  • Municipal Employees' Retirement System of Michigan fully exited Bioverativ Inc. Common Stock in Q1 2018, selling an estimated $1.76M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.3% of its $2.06B portfolio in Q1 2018.
  • Municipal Employees' Retirement System of Michigan opened 30 new positions and closed 24 in Q1 2018.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3% quarter-over-quarter to $2.06B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2018, filed 10 May 2018.