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
MSFT icon
1
Microsoft
MSFT
$3.66T
$15.8M 1.05%
133,750
-101,270
-43% -$11M
AAPL icon
2
Apple
AAPL
$4.41T
$14.4M 0.96%
302,840
-248,720
-45% -$10.6M
AMZN icon
3
Amazon
AMZN
$2.88T
$13.1M 0.87%
147,200
-108,800
-43% -$9.05M
META icon
4
Meta Platforms (Facebook)
META
$1.47T
$8.84M 0.59%
53,030
-32,240
-38% -$5.13M
NGL icon
5
NGL Energy Partners
NGL
$2.12B
$8.59M 0.57%
611,900
+86,570
+16% +$1.07M
JNJ icon
6
Johnson & Johnson
JNJ
$629B
$8.38M 0.56%
59,910
-35,730
-37% -$4.79M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.09T
$8.36M 0.56%
41,620
-26,020
-38% -$5.25M
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.2T
$8.12M 0.54%
138,000
-79,600
-37% -$4.49M
XOM icon
9
ExxonMobil
XOM
$657B
$7.84M 0.52%
97,000
-56,370
-37% -$4.3M
CEQP
10
DELISTED
Crestwood Equity Partners LP
CEQP
$7.74M 0.52%
220,050
+47,160
+27% +$1.53M
PG icon
11
Procter & Gamble
PG
$335B
$7.66M 0.51%
73,650
-33,110
-31% -$3.22M
JPM icon
12
JPMorgan Chase
JPM
$971B
$7.57M 0.5%
74,740
-45,230
-38% -$4.66M
TCP
13
DELISTED
TC Pipelines LP
TCP
$7.43M 0.49%
198,780
-8,920
-4% -$299K
GEL icon
14
Genesis Energy
GEL
$1.94B
$7.29M 0.49%
312,930
+29,090
+10% +$629K
PSXP
15
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$7.28M 0.48%
139,110
+10,690
+8% +$536K
V icon
16
Visa
V
$671B
$7.28M 0.48%
46,590
-23,920
-34% -$3.45M
CQP icon
17
Cheniere Energy
CQP
$33.3B
$7.27M 0.48%
173,410
-5,840
-3% -$241K
NS
18
DELISTED
NuStar Energy L.P.
NS
$7.2M 0.48%
267,810
+22,350
+9% +$578K
TGE
19
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$7.2M 0.48%
286,220
+19,970
+8% +$473K
ENLC
20
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$7.14M 0.48%
+558,785
New +$6.31M
EPD icon
21
Enterprise Products Partners
EPD
$81.9B
$7.13M 0.47%
244,880
+10,840
+5% +$303K
CSCO icon
22
Cisco
CSCO
$488B
$7.12M 0.47%
131,880
-61,890
-32% -$3.01M
INTC icon
23
Intel
INTC
$509B
$7.12M 0.47%
132,510
-62,030
-32% -$3.15M
BPL
24
DELISTED
Buckeye Partners, L.P.
BPL
$7.08M 0.47%
208,130
+24,000
+13% +$776K
SHLX
25
DELISTED
Shell Midstream Partners, L.P.
SHLX
$7.03M 0.47%
343,630
+52,400
+18% +$1.01M
1
2 3 4 5

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.