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
MTZ icon
576
MasTec
MTZ
$23B
$718K 0.03%
11,060
-330
-3% -$19.3K
CBRL icon
577
Cracker Barrel
CBRL
$1.31B
$717K 0.03%
4,410
-30
-0.7% -$5.05K
LEN icon
578
Lennar Class A
LEN
$21.1B
$717K 0.03%
13,253
+82
+0.6% +$4K
FOXF icon
579
Fox Factory Holding Corp
FOXF
$886M
$716K 0.03%
11,500
+140
+1% +$10.4K
MSA icon
580
Mine Safety
MSA
$7.32B
$714K 0.03%
6,540
+60
+0.9% +$6.33K
XHR
581
Xenia Hotels & Resorts
XHR
$1.76B
$714K 0.03%
33,800
-6,990
-17% -$147K
ENSG icon
582
The Ensign Group
ENSG
$10.6B
$712K 0.03%
16,046
+203
+1% +$10K
FUL icon
583
H.B. Fuller
FUL
$3.24B
$711K 0.03%
15,280
+70
+0.5% +$3.2K
REX icon
584
REX American Resources
REX
$1.44B
$709K 0.03%
55,680
– –
UBSI icon
585
United Bankshares
UBSI
$6.68B
$708K 0.03%
18,690
-120
-0.6% -$4.45K
ECL icon
586
Ecolab
ECL
$77.4B
$705K 0.03%
3,560
+50
+1% +$10K
PHM icon
587
Pultegroup
PHM
$24.9B
$703K 0.03%
19,240
– –
SCHW
588
Charles Schwab
SCHW
$190B
$698K 0.03%
16,680
+250
+2% +$10.1K
CORR
589
DELISTED
CorEnergy Infrastructure Trust, Inc.
CORR
$698K 0.03%
14,790
– –
VYX icon
590
NCR Voyix
VYX
$1.17B
$697K 0.03%
36,007
+163
+0.5% +$3.15K
DORM icon
591
Dorman Products
DORM
$3.95B
$694K 0.03%
8,730
+40
+0.5% +$3.1K
EXP icon
592
Eagle Materials
EXP
$6.41B
$694K 0.03%
7,710
-780
-9% -$66.9K
NWE icon
593
NorthWestern Energy
NWE
$4.4B
$694K 0.03%
9,250
-60
-0.6% -$4.33K
AGM icon
594
Federal Agricultural Mortgage
AGM
$2.51B
$693K 0.03%
8,490
– –
NSP icon
595
Insperity
NSP
$2.05B
$693K 0.03%
7,030
+140
+2% +$15.2K
TBBK icon
596
The Bancorp
TBBK
$2.82B
$693K 0.03%
69,950
– –
SLM icon
597
SLM Corp
SLM
$5.22B
$691K 0.03%
78,260
-2,500
-3% -$22.5K
KAI icon
598
Kadant
KAI
$3.91B
$690K 0.03%
7,860
– –
LCII icon
599
LCI Industries
LCII
$2.6B
$690K 0.03%
7,510
+70
+0.9% +$6.22K
CCOI icon
600
Cogent Communications
CCOI
$530M
$689K 0.03%
12,500
+20
+0.2% +$1.19K
22 23
24
25 26

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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 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.