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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
+1.02%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$2.62B
AUM Growth
+$1.18B
Cap. Flow
+$1.18B
Cap. Flow %
45.1%
Top 10 Hldgs %
33.55%
Holding
1,716
New
55
Increased
626
Reduced
537
Closed
38

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$344M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$117M
3
STIP icon
iShares 0-5 Year TIPS Bond ETF
STIP
+$59.9M
4
MBB icon
iShares MBS ETF
MBB
+$50.2M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Top Sells

Rank Stock Value
1
NGL icon
NGL Energy Partners
NGL
+$9.04M
2
CEQP
Crestwood Equity Partners LP
CEQP
+$7.87M
3
TCP
TC Pipelines LP
TCP
+$7.48M
4
CQP icon
Cheniere Energy
CQP
+$7.31M
5
NS
NuStar Energy L.P.
NS
+$7.27M

Sector Composition

Rank Sector Weight
1 Financials 8.75%
2 Technology 7.96%
3 Industrials 7.51%
4 Consumer Discretionary 5.82%
5 Healthcare 5.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PWR icon
276
Quanta Services
PWR
$102B
$1.11M 0.04%
29,320
– –
MDCO
277
DELISTED
Medicines Co
MDCO
$1.11M 0.04%
22,140
+2,480
+13% +$98.9K
TG icon
278
Tredegar Corp
TG
$277M
$1.1M 0.04%
56,430
-9,970
-15% -$175K
MAS icon
279
Masco
MAS
$14.8B
$1.1M 0.04%
26,400
– –
CBSH icon
280
Commerce Bancshares
CBSH
$8.61B
$1.1M 0.04%
25,501
-183
-0.7% -$7.63K
PK icon
281
Park Hotels & Resorts
PK
$3.01B
$1.1M 0.04%
+43,980
New +$1.12M
OFIX icon
282
Orthofix Medical
OFIX
$416M
$1.1M 0.04%
20,690
+60
+0.3% +$3.1K
AJRD
283
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$1.1M 0.04%
21,720
+150
+0.7% +$7.28K
GE icon
284
GE Aerospace
GE
$374B
$1.09M 0.04%
24,560
+367
+2% +$17.2K
ZEUS
285
DELISTED
Olympic Steel
ZEUS
$1.09M 0.04%
76,010
-11,000
-13% -$137K
MPC icon
286
Marathon Petroleum
MPC
$98.9B
$1.09M 0.04%
17,978
– –
EXPO icon
287
Exponent
EXPO
$3.2B
$1.09M 0.04%
15,580
+180
+1% +$12.2K
VRTX icon
288
Vertex Pharmaceuticals
VRTX
$133B
$1.09M 0.04%
6,430
+60
+0.9% +$10.6K
CASY icon
289
Casey's General Stores
CASY
$31.4B
$1.09M 0.04%
6,750
-20
-0.3% -$3.29K
ACM icon
290
Aecom
ACM
$7.93B
$1.09M 0.04%
28,940
+80
+0.3% +$2.88K
EPR icon
291
EPR Properties
EPR
$4.75B
$1.09M 0.04%
14,130
+280
+2% +$21.3K
PKG icon
292
Packaging Corp of America
PKG
$22.9B
$1.08M 0.04%
10,200
– –
FLG
293
Flagstar Bank National Association
FLG
$5.94B
$1.08M 0.04%
28,580
-220
-0.8% -$7.58K
MO icon
294
Altria Group
MO
$109B
$1.07M 0.04%
26,260
+300
+1% +$13.8K
CASH icon
295
Pathward Financial
CASH
$1.8B
$1.07M 0.04%
32,870
-2,670
-8% -$80.5K
ZION icon
296
Zions Bancorporation
ZION
$10.5B
$1.07M 0.04%
24,080
– –
TCF
297
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.07M 0.04%
28,155
+14,935
+113% +$594K
AMAT icon
298
Applied Materials
AMAT
$447B
$1.07M 0.04%
21,470
– –
CDK
299
DELISTED
CDK Global, Inc.
CDK
$1.07M 0.04%
22,240
-820
-4% -$39.3K
NEOG icon
300
Neogen
NEOG
$2.53B
$1.07M 0.04%
31,400
+240
+0.8% +$8.31K
10 11
12
13 14

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 Q3 2019 Portfolio in Review

As of Q3 2019, Municipal Employees' Retirement System of Michigan held 1,716 positions worth $2.62B, up 83% from $1.43B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $1.18B of net new capital in Q3 2019, opening 55 new positions and adding to 626 existing holdings. Its largest new stake was iShares Core S&P 500 ETF: 1,158,671 shares worth $346M.

By sector, the portfolio is most concentrated in Financials at 8.8% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was MarketAxess Holdings, an estimated $2.31M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2019 buy was iShares Core S&P 500 ETF: 1,158,671 shares worth $346M.
  • Municipal Employees' Retirement System of Michigan added most to Foot Locker in Q3 2019, an estimated $748K increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2019 reduction was MarketAxess Holdings, cutting an estimated $2.31M.
  • Municipal Employees' Retirement System of Michigan fully exited NGL Energy Partners in Q3 2019, selling an estimated $9.04M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 34% of its $2.62B portfolio in Q3 2019.
  • Municipal Employees' Retirement System of Michigan opened 55 new positions and closed 38 in Q3 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 83% quarter-over-quarter to $2.62B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2019, filed 29 Oct 2019.