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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
SON icon
301
Sonoco
SON
$5.78B
$1.07M 0.04%
18,360
-110
-0.6% -$6.55K
CFG icon
302
Citizens Financial Group
CFG
$31.3B
$1.07M 0.04%
30,170
– –
CME icon
303
CME Group
CME
$95.2B
$1.06M 0.04%
5,020
+60
+1% +$12.5K
VSM
304
DELISTED
Versum Materials, Inc.
VSM
$1.06M 0.04%
20,040
-130
-0.6% -$6.76K
CBZ icon
305
CBIZ
CBZ
$2.96B
$1.06M 0.04%
45,020
– –
CACI icon
306
CACI
CACI
$14.8B
$1.05M 0.04%
4,560
-40
-0.9% -$8.63K
OPY icon
307
Oppenheimer Holdings
OPY
$1.22B
$1.05M 0.04%
35,070
– –
OFG icon
308
OFG Bancorp
OFG
$2.26B
$1.05M 0.04%
48,010
-3,250
-6% -$71.4K
NX icon
309
Quanex
NX
$981M
$1.05M 0.04%
58,070
-5,680
-9% -$102K
LEG icon
310
Leggett & Platt
LEG
$1.33B
$1.05M 0.04%
25,590
– –
MDSO
311
DELISTED
Medidata Solutions, Inc.
MDSO
$1.04M 0.04%
11,420
-90
-0.8% -$8.22K
IDA icon
312
Idacorp
IDA
$8.15B
$1.04M 0.04%
9,250
-70
-0.8% -$7.46K
STRL icon
313
Sterling Infrastructure
STRL
$17B
$1.04M 0.04%
78,930
– –
CB icon
314
Chubb
CB
$133B
$1.04M 0.04%
6,426
+80
+1% +$12.4K
RVTY icon
315
Revvity
RVTY
$13B
$1.03M 0.04%
12,150
– –
LNC icon
316
Lincoln National
LNC
$8.59B
$1.03M 0.04%
17,110
– –
GBCI icon
317
Glacier Bancorp
GBCI
$6.47B
$1.03M 0.04%
25,480
+200
+0.8% +$7.99K
MDU icon
318
MDU Resources
MDU
$4.29B
$1.03M 0.04%
96,043
+710
+0.7% +$7.25K
VLO icon
319
Valero Energy
VLO
$97.6B
$1.02M 0.04%
12,020
+80
+0.7% +$6.47K
GLW icon
320
Corning
GLW
$141B
$1.02M 0.04%
35,800
+190
+0.5% +$5.68K
MXIM
321
DELISTED
Maxim Integrated Products
MXIM
$1.02M 0.04%
17,640
+70
+0.4% +$4.06K
ETFC
322
DELISTED
E*Trade Financial Corporation
ETFC
$1.02M 0.04%
23,340
– –
CW icon
323
Curtiss-Wright
CW
$25.7B
$1.01M 0.04%
7,840
-70
-0.9% -$8.81K
CUZ icon
324
Cousins Properties
CUZ
$4.92B
$1.01M 0.04%
26,930
+7,500
+39% +$268K
SNV
325
DELISTED
Synovus
SNV
$1.01M 0.04%
28,310
-1,110
-4% -$39.8K
11 12
13
14 15

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VAS
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SFM
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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
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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 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.