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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
MTH icon
526
Meritage Homes
MTH
$4.8B
$760K 0.03%
21,600
-8,020
-27% -$250K
REGN icon
527
Regeneron Pharmaceuticals
REGN
$83B
$757K 0.03%
2,730
+20
+0.7% +$5.92K
CNK icon
528
Cinemark Holdings
CNK
$4.37B
$756K 0.03%
19,560
-130
-0.7% -$4.97K
IBKR icon
529
Interactive Brokers
IBKR
$41.4B
$756K 0.03%
56,200
+680
+1% +$8.46K
LITE icon
530
Lumentum
LITE
$78B
$756K 0.03%
14,110
+40
+0.3% +$2.26K
WDFC icon
531
WD-40
WDFC
$3.09B
$756K 0.03%
4,120
-20
-0.5% -$3.6K
STL
532
DELISTED
Sterling Bancorp
STL
$755K 0.03%
37,650
-1,680
-4% -$34K
CXT icon
533
Crane NXT
CXT
$2.96B
$754K 0.03%
26,919
-115
-0.4% -$3.21K
PLD icon
534
Prologis
PLD
$134B
$754K 0.03%
8,850
+120
+1% +$9.93K
BLK icon
535
Blackrock
BLK
$183B
$753K 0.03%
1,690
– –
DRI icon
536
Darden Restaurants
DRI
$25.4B
$753K 0.03%
6,370
– –
PNFP icon
537
Pinnacle Financial Partners Inc
PNFP
$16.2B
$753K 0.03%
13,270
-200
-1% -$11.2K
WRK
538
DELISTED
WestRock Company
WRK
$753K 0.03%
20,658
– –
CSX icon
539
CSX Corp
CSX
$92.9B
$752K 0.03%
32,580
– –
NYT icon
540
New York Times
NYT
$10.3B
$751K 0.03%
26,370
+120
+0.5% +$3.79K
PARA
541
DELISTED
Paramount Global Class B
PARA
$750K 0.03%
18,590
+160
+0.9% +$7.49K
CRI icon
542
Carter's
CRI
$1.44B
$749K 0.03%
8,210
-210
-2% -$19.1K
EA
543
DELISTED
Electronic Arts
EA
$748K 0.03%
7,650
– –
NJR icon
544
New Jersey Resources
NJR
$5.64B
$747K 0.03%
16,510
+100
+0.6% +$4.69K
NFG icon
545
National Fuel Gas
NFG
$7.75B
$743K 0.03%
15,840
-110
-0.7% -$5.34K
HQY icon
546
HealthEquity
HQY
$8.83B
$741K 0.03%
12,960
+2,920
+29% +$194K
ITGR icon
547
Integer Holdings
ITGR
$4.25B
$740K 0.03%
9,790
+840
+9% +$66.5K
SMG icon
548
ScottsMiracle-Gro
SMG
$3.59B
$736K 0.03%
7,230
-40
-0.6% -$4.19K
VAC icon
549
Marriott Vacations Worldwide
VAC
$4.17B
$736K 0.03%
7,105
-170
-2% -$16.7K
UFPI icon
550
UFP Industries
UFPI
$5.03B
$734K 0.03%
18,410
+200
+1% +$7.78K
20 21
22
23 24

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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.