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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
CMCSA icon
26
Comcast
CMCSA
$90.4B
$6.52M 0.25%
144,630
+1,020
+0.7% +$45.2K
WFC icon
27
Wells Fargo
WFC
$269B
$6.49M 0.25%
128,750
– –
CVX icon
28
Chevron
CVX
$386B
$6.48M 0.25%
54,670
+420
+0.8% +$51K
MDT icon
29
Medtronic
MDT
$116B
$6.44M 0.25%
59,270
+240
+0.4% +$25K
PEP icon
30
PepsiCo
PEP
$189B
$6.39M 0.24%
46,600
+220
+0.5% +$29.2K
WMT icon
31
Walmart Inc
WMT
$923B
$6.31M 0.24%
159,600
– –
BA icon
32
Boeing
BA
$183B
$6.24M 0.24%
16,410
+60
+0.4% +$21.4K
INTC icon
33
Intel
INTC
$509B
$6.22M 0.24%
120,720
+550
+0.5% +$27K
UNH icon
34
UnitedHealth
UNH
$364B
$6.16M 0.24%
28,330
+50
+0.2% +$12.1K
MCD icon
35
McDonald's
MCD
$195B
$6.07M 0.23%
28,270
+120
+0.4% +$25.7K
CSCO icon
36
Cisco
CSCO
$488B
$5.95M 0.23%
120,510
-890
-0.7% -$46.3K
PFE icon
37
Pfizer
PFE
$150B
$5.94M 0.23%
174,184
+1,086
+0.6% +$39.5K
ABT icon
38
Abbott
ABT
$192B
$5.9M 0.23%
70,508
+440
+0.6% +$37.4K
C icon
39
Citigroup
C
$231B
$5.65M 0.22%
81,840
– –
AMGN icon
40
Amgen
AMGN
$225B
$5.41M 0.21%
27,930
– –
ACN icon
41
Accenture
ACN
$110B
$5.4M 0.21%
28,070
+120
+0.4% +$23.2K
IBM icon
42
IBM
IBM
$222B
$5.37M 0.21%
38,660
+125
+0.3% +$16.9K
ADBE icon
43
Adobe
ADBE
$103B
$5.35M 0.2%
19,360
+90
+0.5% +$26.3K
NKE icon
44
Nike
NKE
$60.1B
$5.32M 0.2%
56,610
+200
+0.4% +$17.2K
ORCL icon
45
Oracle
ORCL
$442B
$5.3M 0.2%
96,390
-1,240
-1% -$68.5K
GOOG icon
46
Alphabet (Google) Class C
GOOG
$4.19T
$5.25M 0.2%
86,060
+1,000
+1% +$59.2K
HON icon
47
Honeywell
HON
$74.6B
$5.15M 0.2%
32,276
+128
+0.4% +$20.4K
PYPL icon
48
PayPal
PYPL
$50.6B
$5.01M 0.19%
48,360
+240
+0.5% +$26.4K
CRM icon
49
Salesforce
CRM
$158B
$4.96M 0.19%
33,430
+1,390
+4% +$211K
RTX icon
50
RTX Corp
RTX
$300B
$4.95M 0.19%
57,589
+239
+0.4% +$19.8K
1
2
3 4 5

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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
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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.