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
CMCO icon
626
Columbus McKinnon
CMCO
$550M
$665K 0.03%
18,250
– –
UMPQ
627
DELISTED
Umpqua Holdings Corp
UMPQ
$665K 0.03%
40,400
-340
-0.8% -$5.59K
AAT
628
American Assets Trust
AAT
$1.41B
$664K 0.03%
14,200
+2,880
+25% +$135K
SLB icon
629
SLB Ltd
SLB
$77.3B
$664K 0.03%
19,442
+240
+1% +$8.77K
AEL
630
DELISTED
American Equity Investment Life Holding Company
AEL
$663K 0.03%
27,380
+310
+1% +$7.49K
VLY icon
631
Valley National Bancorp
VLY
$8.3B
$662K 0.03%
60,870
-510
-0.8% -$5.46K
AEIS icon
632
Advanced Energy
AEIS
$13.2B
$661K 0.03%
11,520
+90
+0.8% +$4.86K
DHI icon
633
D.R. Horton
DHI
$41.9B
$661K 0.03%
12,540
– –
PRSP
634
DELISTED
Perspecta Inc. Common Stock
PRSP
$661K 0.03%
25,310
-480
-2% -$11.7K
GCAP
635
DELISTED
Gain Capital Holdings, Inc.
GCAP
$661K 0.03%
125,260
– –
PRDO icon
636
Perdoceo Education
PRDO
$1.99B
$659K 0.03%
41,470
-4,620
-10% -$90.7K
CUB
637
DELISTED
Cubic Corporation
CUB
$659K 0.03%
9,350
+780
+9% +$53.4K
AIT icon
638
Applied Industrial Technologies
AIT
$13.2B
$658K 0.03%
11,590
-4,970
-30% -$280K
EXC icon
639
Exelon
EXC
$47B
$658K 0.03%
19,109
+280
+1% +$9.4K
IVR icon
640
Invesco Mortgage Capital
IVR
$805M
$658K 0.03%
4,295
+476
+12% +$75.6K
ELME
641
Elme Communities
ELME
$144M
$657K 0.03%
24,030
+120
+0.5% +$3.24K
IOSP icon
642
Innospec
IOSP
$2.31B
$657K 0.03%
7,370
-2,330
-24% -$209K
JHG
643
DELISTED
Janus Henderson
JHG
$655K 0.03%
29,184
-1,230
-4% -$25.6K
LIVN icon
644
LivaNova
LIVN
$4.53B
$655K 0.03%
8,880
-120
-1% -$9.24K
XRX icon
645
Xerox
XRX
$412M
$655K 0.03%
21,917
– –
AON icon
646
Aon
AON
$75.7B
$654K 0.03%
3,380
+60
+2% +$11.6K
LPSN icon
647
LivePerson
LPSN
$35.9M
$653K 0.03%
1,219
+46
+4% +$24.4K
NWN icon
648
Northwest Natural Holdings
NWN
$2.14B
$653K 0.03%
9,160
-2,630
-22% -$186K
RGEN icon
649
Repligen
RGEN
$9.45B
$653K 0.03%
8,510
-3,910
-31% -$342K
TCBK icon
650
TriCo Bancshares
TCBK
$1.86B
$653K 0.03%
18,000
– –
24 25
26
27 28

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.