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
+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
CCL icon
351
Carnival Corporation Ltd
CCL
$39.1B
$975K 0.04%
22,300
+110
+0.5% +$5.08K
TREX icon
352
Trex
TREX
$5.09B
$975K 0.04%
21,440
-320
-1% -$12.9K
TOL icon
353
Toll Brothers
TOL
$13.9B
$973K 0.04%
23,700
-1,100
-4% -$40.6K
INTU icon
354
Intuit
INTU
$98.5B
$968K 0.04%
3,640
+50
+1% +$13.8K
MU icon
355
Micron Technology
MU
$1.08T
$968K 0.04%
22,590
– –
RGP icon
356
Resources Connection
RGP
$147M
$967K 0.04%
56,900
-4,290
-7% -$72.2K
BCPC
357
Balchem Corp
BCPC
$5.64B
$963K 0.04%
9,710
+60
+0.6% +$5.72K
FFIV icon
358
F5
FFIV
$23.7B
$962K 0.04%
6,850
– –
VIAV icon
359
Viavi Solutions
VIAV
$10.5B
$962K 0.04%
68,660
+460
+0.7% +$6.54K
WOLF icon
360
Wolfspeed
WOLF
$1.63B
$962K 0.04%
19,630
+550
+3% +$29.9K
AVA icon
361
Avista
AVA
$3.24B
$960K 0.04%
19,810
+150
+0.8% +$6.97K
BDX icon
362
Becton Dickinson
BDX
$49.5B
$959K 0.04%
3,886
+62
+2% +$15.3K
EOG icon
363
EOG Resources
EOG
$74.3B
$959K 0.04%
12,920
+120
+0.9% +$9.72K
CBU icon
364
Community Bank
CBU
$3.45B
$955K 0.04%
15,480
+130
+0.8% +$8.21K
TJX icon
365
TJX Companies
TJX
$170B
$955K 0.04%
17,140
– –
IRM icon
366
Iron Mountain
IRM
$37.7B
$954K 0.04%
29,450
– –
MANH icon
367
Manhattan Associates
MANH
$11.8B
$952K 0.04%
11,800
-220
-2% -$17.6K
OSK icon
368
Oshkosh
OSK
$9.38B
$951K 0.04%
12,550
-400
-3% -$30.6K
LRCX icon
369
Lam Research
LRCX
$422B
$950K 0.04%
41,100
– –
NPKI
370
NPK International
NPKI
$1.18B
$950K 0.04%
124,610
-10,370
-8% -$73.3K
DAR icon
371
Darling Ingredients
DAR
$10.3B
$946K 0.04%
49,430
+180
+0.4% +$3.52K
NRG icon
372
NRG Energy
NRG
$25.2B
$945K 0.04%
23,880
– –
JBTM
373
JBT Marel
JBTM
$6.08B
$945K 0.04%
9,500
+70
+0.7% +$7.71K
SNA icon
374
Snap-on
SNA
$20.9B
$944K 0.04%
6,030
– –
GRUB
375
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$942K 0.04%
+8,380
New +$1.11M
13 14
15
16 17

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.