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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
ARWR icon
476
Arrowhead Research
ARWR
$12.1B
$805K 0.03%
28,560
+380
+1% +$11.2K
ZUMZ icon
477
Zumiez
ZUMZ
$319M
$805K 0.03%
25,410
-3,130
-11% -$82.5K
AZTA icon
478
Azenta
AZTA
$1.49B
$802K 0.03%
21,670
+440
+2% +$15.9K
LFUS icon
479
Littelfuse
LFUS
$11.4B
$800K 0.03%
4,510
-60
-1% -$10.1K
POWI icon
480
Power Integrations
POWI
$3.48B
$798K 0.03%
17,640
+340
+2% +$14.8K
SBRA icon
481
Sabra Healthcare REIT
SBRA
$5.15B
$798K 0.03%
34,770
+1,800
+5% +$38.4K
VSAT icon
482
Viasat
VSAT
$11.4B
$796K 0.03%
10,570
+60
+0.6% +$4.78K
AAN.A
483
DELISTED
The Aaron's Company Inc Class A
AAN.A
$796K 0.03%
12,390
-30
-0.2% -$1.93K
VRS
484
DELISTED
Verso Corporation
VRS
$795K 0.03%
64,200
– –
BSX icon
485
Boston Scientific
BSX
$74.9B
$794K 0.03%
19,520
+320
+2% +$13.6K
HR
486
DELISTED
Healthcare Realty Trust Incorporated
HR
$794K 0.03%
23,710
+540
+2% +$17.7K
WBS icon
487
Webster Financial
WBS
$12.8B
$793K 0.03%
16,910
-150
-0.9% -$7.09K
WSR
488
DELISTED
Whitestone REIT
WSR
$793K 0.03%
57,620
-10,760
-16% -$138K
MOG.A icon
489
Moog Inc Class A
MOG.A
$13.5B
$791K 0.03%
9,750
-2,420
-20% -$206K
ABCB icon
490
Ameris Bancorp
ABCB
$6B
$789K 0.03%
19,604
+4,484
+30% +$169K
MNRO icon
491
Monro
MNRO
$352M
$789K 0.03%
9,990
+90
+0.9% +$7.21K
PEN icon
492
Penumbra
PEN
$12.9B
$789K 0.03%
+5,870
New +$908K
TFIN icon
493
Triumph Financial Inc
TFIN
$1.87B
$789K 0.03%
24,720
-3,850
-13% -$116K
BRC icon
494
Brady Corp
BRC
$4.43B
$788K 0.03%
14,850
+160
+1% +$8.09K
PACW
495
DELISTED
PacWest Bancorp
PACW
$788K 0.03%
21,690
-510
-2% -$18.4K
SAIC icon
496
Saic
SAIC
$5.35B
$786K 0.03%
9,000
-410
-4% -$34.9K
BWA icon
497
BorgWarner
BWA
$13.8B
$785K 0.03%
24,299
– –
IART icon
498
Integra LifeSciences
IART
$1.42B
$782K 0.03%
13,020
-60
-0.5% -$3.58K
SRC
499
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$782K 0.03%
+16,340
New +$748K
DECK icon
500
Deckers Outdoor
DECK
$12.7B
$781K 0.03%
31,800
-540
-2% -$13.8K
18 19
20
21 22

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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
PEA
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SUT
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MU
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WPL
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PVI
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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.