SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Municipal Employees' Retirement System of Michigan

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

Reported Value
$1.5B
Q1 2019
Positions
2,202
Filings on Record
30
2019–present window
Filed
May 15, 2019
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $1.5B in U.S.-listed holdings across 2,202 positions for Q1 2019.

Its largest position, MSFT, represents 1.0% of the portfolio.

Compared with Q4 2018, the fund opened 44 new positions and exited 37.

Portfolio Metrics

Turnover
+8.1%
vs prior filed quarter
Top-10 Concentration
+7.4%
share of reported value
Largest Position
+1.0%
Microsoft
New / Exited
44 / 37
positions this quarter

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: 81.9%MLP: 9.3%Other: 4.2%REIT: 4.1%Unit: 0.5%Closed-End Fund: 0.0%
  • Common Stock · 81.9% · $1.2B
  • MLP · 9.3% · $140M
  • Other · 4.2% · $63M
  • REIT · 4.1% · $61M
  • Unit · 0.5% · $7M
  • Closed-End Fund · 0.0% · $739,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENLINK MIDSTREAM LLCNEW+558.8K558.8K+$7M$7M
WESWESTERN MIDSTREAM PARTNERS LNEW+211.3K211.3K+$7M$7M
AMANTERO MIDSTREAM CORPNEW+465.5K465.5K+$6M$6M
STESTERIS PLCNEW+15.4K15.4K+$2M$2M
XPOXPO LOGISTICS INCNEW+20.0K20.0K+$1M$1M
BRXBRIXMOR PROPERTY GROUP INCNEW+54.7K54.7K+$1M$1M
CAESARS ENTERTAINMENT CORPNEW+106.2K106.2K+$923,000$923,000
ENTERCOM COMMUNICATIONS CL ANEW+153.0K153.0K+$803,000$803,000

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

Holdings — Q1 2019

440 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM1.05%$16M133.8K
2AAPLAPPLE INChistory →COM0.96%$14M75.7K
3AMZNAMAZONCOM INChistory →COM0.87%$13M7.4K
4GOOGALPHABET INC CL CCOM0.87%$13M11.1K
5STATE STREET TRCOM0.85%$13M12.79M
6METAFACEBOOK INC CLASS ACOM0.59%$9M53.0K
7NGLNGL ENERGY PARTNERS LPCOM0.57%$9M611.9K
8JNJJOHNSON JOHNSONCOM0.56%$8M59.9K
9BRK/BBERKSHIRE HATHAWAY INC CL BCOM0.56%$8M41.6K
10EXMOCEXXON MOBIL CORPCOM0.52%$8M97.0K
11CRESTWOOD EQUITY PARTNERS LPCOM0.52%$8M220.1K
12PGPROCTER GAMBLE CO/THECOM0.51%$8M73.7K
13JPMJPMORGAN CHASE COCOM0.50%$8M74.7K
14TC PIPELINES LPCOM0.49%$7M198.8K
15GELGENESIS ENERGY LPCOM0.49%$7M312.9K
16PHILLIPS 66 PARTNERS LPCOM0.48%$7M139.1K
17VVISA INC CLASS A SHARESCOM0.48%$7M46.6K
18CQPCHENIERE ENERGY PARTNERS LPCOM0.48%$7M173.4K
19NUSTAR ENERGY LPCOM0.48%$7M267.8K
20TALLGRASS ENERGY LPCOM0.48%$7M286.2K
21ENLINK MIDSTREAM LLCCOM0.48%$7M558.8K
22EPDENTERPRISE PRODUCTS PARTNERSCOM0.47%$7M244.9K
23CSCOCISCO SYSTEMS INCCOM0.47%$7M131.9K
24INTCINTEL CORPCOM0.47%$7M132.5K
25BUCKEYE PARTNERS LPCOM0.47%$7M208.1K
26SHELL MIDSTREAM PARTNERS LPCOM0.47%$7M343.6K
27DCP MIDSTREAM LPCOM0.46%$7M208.9K
28ETENERGY TRANSFER LPCOM0.46%$7M447.0K
29VZVERIZON COMMUNICATIONS INCCOM0.46%$7M116.0K
30EQM MIDSTREAM PARTNERS LPCOM0.46%$7M148.2K
31PAAPLAINS ALL AMER PIPELINE LPCOM0.45%$7M277.9K
32MRKMERCK CO INCCOM0.45%$7M80.8K
33WESWESTERN MIDSTREAM PARTNERS LCOM0.44%$7M211.3K
34MAMASTERCARD INC ACOM0.44%$7M27.9K
35MAGELLAN MIDSTREAM PARTNERSCOM0.44%$7M108.3K
36BACBANK OF AMERICA CORPCOM0.44%$7M237.3K
37CVXCHEVRON CORPCOM0.43%$7M52.8K
38MPLXMPLX LPCOM0.43%$6M197.3K
39PFEPFIZER INCCOM0.43%$6M152.3K
40AMANTERO MIDSTREAM CORPCOM0.43%$6M465.5K
41ENABLE MIDSTREAM PARTNERS LPCOM0.42%$6M437.2K
42ANDEAVOR LOGISTICS LPCOM0.41%$6M176.7K
43TAT T INCCOM0.41%$6M198.1K
44UNHUNITEDHEALTH GROUP INCCOM0.41%$6M24.9K
45HDHOME DEPOT INCCOM0.41%$6M32.0K
46DISWALT DISNEY CO/THECOM0.41%$6M55.0K
47BABOEING CO/THECOM0.41%$6M16.0K
48CMCSACOMCAST CORP CLASS ACOM0.40%$6M151.9K
49PEPPEPSICO INCCOM0.40%$6M49.1K
50HOLLY ENERGY PARTNERS LPCOM0.40%$6M222.9K
51KOCOCA COLA CO/THECOM0.38%$6M122.2K
52MCDMCDONALD S CORPCOM0.38%$6M30.0K
53WFCWELLS FARGO COCOM0.38%$6M117.8K
54ABTABBOTT LABORATORIESCOM0.37%$6M69.5K
55NFLXNETFLIX INCCOM0.37%$6M15.4K
56ORCLORACLE CORPCOM0.37%$5M102.3K
57LLYELI LILLY COCOM0.36%$5M41.8K
58PMPHILIP MORRIS INTERNATIONALCOM0.35%$5M59.6K
59UNPUNION PACIFIC CORPCOM0.35%$5M31.0K
60WMTWALMART INCCOM0.34%$5M52.8K
61CRMSALESFORCE COM INCCOM0.34%$5M32.5K
62ADBEADOBE INCCOM0.34%$5M19.1K
63ACNACCENTURE PLC CL ACOM0.34%$5M28.7K
64MMM3M COCOM0.33%$5M23.8K
65CCITIGROUP INCCOM0.33%$5M79.2K
66IBMINTL BUSINESS MACHINES CORPCOM0.33%$5M34.7K
67HONHONEYWELL INTERNATIONAL INCCOM0.32%$5M30.2K
68MDTMEDTRONIC PLCCOM0.31%$5M51.7K
69AMGNAMGEN INCCOM0.31%$5M24.7K
70DOWDUPONT INCCOM0.30%$5M84.8K
71MOALTRIA GROUP INCCOM0.30%$4M78.1K
72ABBVABBVIE INCCOM0.30%$4M55.5K
73NVDANVIDIA CORPCOM0.26%$4M21.6K
74GENERAL ELECTRIC COCOM0.25%$4M380.5K
75UTXZUNITED TECHNOLOGIES CORPCOM0.22%$3M25.6K
76TMOTHERMO FISHER SCIENTIFIC INCCOM0.19%$3M10.5K
77NEENEXTERA ENERGY INCCOM0.18%$3M13.8K
78CBCHUBB LTDCOM0.17%$2M17.8K
79APHAMPHENOL CORP CL ACOM0.17%$2M26.3K
80APDAIR PRODUCTS CHEMICALS INCCOM0.16%$2M12.5K
81GSGOLDMAN SACHS GROUP INCCOM0.15%$2M11.4K
82INTUINTUIT INCCOM0.14%$2M8.1K
83IEXIDEX CORPCOM0.14%$2M13.9K
84LLOEWS CORPCOM0.14%$2M43.7K
85ZBRAZEBRA TECHNOLOGIES CORP CL ACOM0.14%$2M9.8K
86STESTERIS PLCCOM0.13%$2M15.4K
87ANGOANGIODYNAMICS INCCOM0.13%$2M85.7K
88RSGREPUBLIC SERVICES INCCOM0.13%$2M24.3K
89DPZDOMINO S PIZZA INCCOM0.13%$2M7.5K
90ULTIMATE SOFTWARE GROUP INCCOM0.13%$2M5.8K
91EXCEXELON CORPCOM0.13%$2M37.5K
92GRMNGARMIN LTDCOM0.12%$2M21.7K
93TRMBTRIMBLE INCCOM0.12%$2M45.8K
94TJXTJX COMPANIES INCCOM0.12%$2M34.0K
95PTCPTC INCCOM0.12%$2M19.5K
96CPTCAMDEN PROPERTY TRUSTCOM0.12%$2M17.7K
97TE CONNECTIVITY LTDCOM0.12%$2M21.9K
98UGIUGI CORPCOM0.12%$2M31.7K
99LIILENNOX INTERNATIONAL INCCOM0.12%$2M6.6K
100ODFLOLD DOMINION FREIGHT LINECOM0.11%$2M11.9K

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 ↗.