SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Municipal Employees' Retirement System of Michigan

CIK 0001588873 · 1134 MUNICIPAL WAY, LANSING, MI, 48917 · 517-703-9030

Reported Value
$1.7B
Q4 2018
Positions
2,184
Filings on Record
30
2019–present window
Filed
Feb 14, 2019
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $1.7B in U.S.-listed holdings across 2,184 positions for Q4 2018.

Its largest position, MSFT, represents 1.4% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+9.7%
share of reported value
Largest Position
+1.4%
Microsoft

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.4BQ3 ’19: $2.6BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $3.2BQ2 ’20: $4.0BQ3 ’20: $4.2BQ4 ’20: $5.1BQ4 ’20Q1 ’21: $6.0BQ2 ’21: $7.4BQ3 ’21: $6.0BQ4 ’21: $6.2BQ4 ’21Q1 ’22: $6.5BQ2 ’22: $5.4BQ3 ’22: $5.6BQ1 ’23: $6.5BQ1 ’23Q2 ’23: $7.0BQ3 ’23: $7.2BQ4 ’23: $7.5BQ1 ’24: $7.8BQ1 ’24Q2 ’24: $7.2BQ3 ’24: $7.6BQ4 ’24: $7.3BQ1 ’25: $7.9BQ1 ’25Q2 ’25: $8.3BQ3 ’25: $8.6BQ4 ’25: $8.8BQ1 ’26: $8.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%MLP: 6.0%Other: 5.9%REIT: 3.8%Closed-End Fund: 0.0%
  • Common Stock · 84.3% · $1.4B
  • MLP · 6.0% · $101M
  • Other · 5.9% · $100M
  • REIT · 3.8% · $64M
  • Closed-End Fund · 0.0% · $635,000

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
MSFTMICROSOFT CORPNEW+235.0K235.0K+$24M$24M
AAPLAPPLE INCNEW+137.9K137.9K+$22M$22M
STATE STREET TRNEW+19.78M19.78M+$20M$20M
AMZNAMAZON COM INCNEW+12.8K12.8K+$19M$19M
BRK/BBERKSHIRE HATHAWAY INC CL BNEW+67.6K67.6K+$14M$14M
ENBENBRIDGE INCNEW+401.7K401.7K+$12M$12M
JNJJOHNSON JOHNSONNEW+95.6K95.6K+$12M$12M
JPMJPMORGAN CHASE CONEW+120.0K120.0K+$12M$12M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

425 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM1.41%$24M235.0K
2AAPLAPPLE INChistory →COM1.29%$22M137.9K
3GOOGALPHABET INC CL CCOM1.18%$20M19.1K
4AMZNAMAZON COM INChistory →COM1.14%$19M12.8K
5STATE STREET TRCOM1.09%$18M18.36M
6BRK/BBERKSHIRE HATHAWAY INC CL Bhistory →COM0.82%$14M67.6K
7ENBENBRIDGE INChistory →COM0.74%$12M401.7K
8JNJJOHNSON JOHNSONhistory →COM0.73%$12M95.6K
9JPMJPMORGAN CHASE COhistory →COM0.69%$12M120.0K
10METAFACEBOOK INC CLASS Ahistory →COM0.66%$11M85.3K
11EXMOCEXXON MOBIL CORPhistory →COM0.62%$10M153.4K
12PFEPFIZER INChistory →COM0.60%$10M231.5K
13PGPROCTER GAMBLE CO/THECOM0.58%$10M106.8K
14VZVERIZON COMMUNICATIONS INCCOM0.57%$10M171.0K
15UNHUNITEDHEALTH GROUP INCCOM0.56%$9M37.7K
16VVISA INC CLASS A SHARESCOM0.55%$9M70.5K
17INTCINTEL CORPCOM0.54%$9M194.5K
18BACBANK OF AMERICA CORPCOM0.53%$9M363.2K
19MRKMERCK CO INCCOM0.53%$9M116.9K
20CVXCHEVRON CORPCOM0.50%$9M78.4K
21TAT T INCCOM0.50%$8M294.5K
22CSCOCISCO SYSTEMS INCCOM0.50%$8M193.8K
23KOCOCA COLA CO/THECOM0.48%$8M173.1K
24HDHOME DEPOT INCCOM0.48%$8M47.5K
25WFCWELLS FARGO COCOM0.48%$8M176.7K
26MAMASTERCARD INC ACOM0.45%$8M40.1K
27PEPPEPSICO INCCOM0.44%$8M68.0K
28BABOEING CO/THECOM0.44%$7M23.2K
29DISWALT DISNEY CO/THECOM0.44%$7M67.8K
30CMCSACOMCAST CORP CLASS ACOM0.43%$7M213.2K
31MCDMCDONALD S CORPCOM0.43%$7M40.5K
32ABBVABBVIE INCCOM0.41%$7M75.8K
33ABTABBOTT LABORATORIESCOM0.40%$7M92.8K
34WMTWALMART INCCOM0.40%$7M72.0K
35TC PIPELINES LPCOM0.39%$7M207.7K
36AMGNAMGEN INCCOM0.38%$7M33.4K
37ORCLORACLE CORPCOM0.38%$6M143.7K
38TALLGRASS ENERGY LPCOM0.38%$6M266.3K
39CQPCHENIERE ENERGY PARTNERS LPCOM0.38%$6M179.3K
40MDTMEDTRONIC PLCCOM0.38%$6M69.8K
41LLYELI LILLY COCOM0.37%$6M54.7K
42HOLLY ENERGY PARTNERS LPCOM0.37%$6M216.6K
43DOWDUPONT INCCOM0.37%$6M115.7K
44MMM3M COCOM0.36%$6M31.6K
45CCITIGROUP INCCOM0.35%$6M113.7K
46ADBEADOBE INCCOM0.34%$6M25.7K
47CRMSALESFORCE COM INCCOM0.34%$6M42.3K
48EPDENTERPRISE PRODUCTS PARTNERSCOM0.34%$6M234.0K
49NFLXNETFLIX INCCOM0.34%$6M21.2K
50WESTERN GAS PARTNERS LPCOM0.34%$6M134.5K
51UNPUNION PACIFIC CORPCOM0.33%$6M40.9K
52MPLXMPLX LPCOM0.33%$6M182.1K
53MAGELLAN MIDSTREAM PARTNERSCOM0.33%$6M96.5K
54ENABLE MIDSTREAM PARTNERS LPCOM0.32%$5M404.1K
55PHILLIPS 66 PARTNERS LPCOM0.32%$5M128.4K
56PMPHILIP MORRIS INTERNATIONALCOM0.32%$5M80.3K
57BUCKEYE PARTNERS LPCOM0.32%$5M184.1K
58IBMINTL BUSINESS MACHINES CORPCOM0.32%$5M47.0K
59HONHONEYWELL INTERNATIONAL INCCOM0.31%$5M40.1K
60EQM MIDSTREAM PARTNERS LPCOM0.31%$5M121.5K
61ACNACCENTURE PLC CL ACOM0.31%$5M37.2K
62GELGENESIS ENERGY L PCOM0.31%$5M283.8K
63NUSTAR ENERGY LPCOM0.30%$5M245.5K
64MOALTRIA GROUP INCCOM0.30%$5M103.3K
65NGLNGL ENERGY PARTNERS LPCOM0.30%$5M525.3K
66PAAPLAINS ALL AMER PIPELINE LPCOM0.30%$5M250.8K
67ETENERGY TRANSFER LPCOM0.29%$5M375.8K
68CRESTWOOD EQUITY PARTNERS LPCOM0.29%$5M172.9K
69SHELL MIDSTREAM PARTNERS LPCOM0.28%$5M291.2K
70ANTERO MIDSTREAM PARTNERS LPCOM0.28%$5M219.8K
71ANDEAVOR LOGISTICS LPCOM0.26%$4M137.4K
72DCP MIDSTREAM LPCOM0.25%$4M161.6K
73ENLINK MIDSTREAM PARTNERS LPCOM0.24%$4M374.8K
74NVDANVIDIA CORPCOM0.23%$4M29.6K
75UTXZUNITED TECHNOLOGIES CORPCOM0.23%$4M36.3K
76GENERAL ELECTRIC COCOM0.22%$4M495.1K
77TMOTHERMO FISHER SCIENTIFIC INCCOM0.21%$4M15.9K
78NEENEXTERA ENERGY INCCOM0.21%$3M19.9K
79CBCHUBB LTDCOM0.18%$3M24.0K
80APDAIR PRODUCTS CHEMICALS INCCOM0.17%$3M18.4K
81AVGOBROADCOM INCCOM0.17%$3M11.6K
82EXCEXELON CORPCOM0.17%$3M63.4K
83TFXTELEFLEX INCCOM0.17%$3M11.0K
84GSGOLDMAN SACHS GROUP INCCOM0.16%$3M16.1K
85PYPLPAYPAL HOLDINGS INCCOM0.16%$3M31.8K
86MSMORGAN STANLEYCOM0.15%$3M65.4K
87NKENIKE INC CL BCOM0.15%$3M34.4K
88DPZDOMINO S PIZZA INCCOM0.15%$2M10.1K
89ATOATMOS ENERGY CORPCOM0.15%$2M26.7K
90TXNTEXAS INSTRUMENTS INCCOM0.15%$2M26.1K
91COSTCOSTCO WHOLESALE CORPCOM0.14%$2M11.8K
92DDOMINION ENERGY INCCOM0.14%$2M33.3K
93AEPAMERICAN ELECTRIC POWERCOM0.14%$2M31.8K
94PNCPNC FINANCIAL SERVICES GROUPCOM0.14%$2M20.1K
95IEXIDEX CORPCOM0.14%$2M18.4K
96LINDE PLCCOM0.14%$2M14.8K
97BNYBANK OF NEW YORK MELLON CORPCOM0.14%$2M48.9K
98BMYBRISTOL MYERS SQUIBB COCOM0.13%$2M43.8K
99CVSCVS HEALTH CORPCOM0.13%$2M34.7K
100INTUINTUIT INCCOM0.13%$2M11.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.8B29May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.8B38Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$8.6B54Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$8.3B54Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.9B55May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.3B59Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.6B60Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.2B60Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.8B56Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$7.5B59Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$7.2B62Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.0B64Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.5B64May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review58Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.6B59Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$5.4B50Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.5B41May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.2B40Feb 16, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.0B40Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$7.4B42Jul 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.0B38Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.1B32Jan 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.2B20Oct 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.0B258Jul 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.2B1,889Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B1,970Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.6B1,990Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.4B2,173Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B2,202May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B2,184Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.