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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
NGVT icon
651
Ingevity
NGVT
$2.59B
$652K 0.02%
7,680
-10
-0.1% -$891
SGI
652
Somnigroup International
SGI
$14B
$652K 0.02%
33,800
-160
-0.5% -$3.07K
CVGI icon
653
Commercial Vehicle Group
CVGI
$130M
$651K 0.02%
90,360
– –
FBP icon
654
First Bancorp
FBP
$4.49B
$651K 0.02%
65,200
-17,900
-22% -$182K
PRA
655
DELISTED
ProAssurance
PRA
$650K 0.02%
16,130
+90
+0.6% +$3.49K
VNDA icon
656
Vanda Pharmaceuticals
VNDA
$304M
$650K 0.02%
48,950
+190
+0.4% +$2.65K
AEP icon
657
American Electric Power
AEP
$68.3B
$649K 0.02%
6,930
+100
+1% +$9.08K
KFY icon
658
Korn Ferry
KFY
$4.36B
$649K 0.02%
16,790
-4,560
-21% -$176K
TDC icon
659
Teradata
TDC
$2.57B
$649K 0.02%
20,930
-620
-3% -$20.9K
EBF icon
660
Ennis
EBF
$559M
$648K 0.02%
32,050
+8,730
+37% +$177K
LHX icon
661
L3Harris
LHX
$53.7B
$648K 0.02%
3,107
+1,487
+92% +$304K
FMBI
662
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$646K 0.02%
33,140
+1,180
+4% +$23.5K
WRI
663
DELISTED
Weingarten Realty Investors
WRI
$646K 0.02%
22,190
+70
+0.3% +$1.93K
EW icon
664
Edwards Lifesciences
EW
$53.4B
$644K 0.02%
8,790
+150
+2% +$10.5K
STX icon
665
Seagate
STX
$209B
$644K 0.02%
11,980
– –
LOGM
666
DELISTED
LogMein, Inc.
LOGM
$644K 0.02%
9,070
-260
-3% -$18.6K
UTHR icon
667
United Therapeutics
UTHR
$21.5B
$641K 0.02%
8,040
-40
-0.5% -$3.22K
BOH icon
668
Bank of Hawaii
BOH
$3.15B
$640K 0.02%
7,450
-160
-2% -$13.3K
MDC
669
DELISTED
M.D.C. Holdings, Inc.
MDC
$639K 0.02%
16,007
-6,522
-29% -$229K
GPN icon
670
Global Payments
GPN
$25.1B
$638K 0.02%
4,010
+1,830
+84% +$299K
LTXB
671
DELISTED
LegacyTexas Financial Group Inc
LTXB
$638K 0.02%
14,650
-1,790
-11% -$74.4K
HWC icon
672
Hancock Whitney
HWC
$6.37B
$637K 0.02%
16,640
+800
+5% +$30.4K
KBR icon
673
KBR
KBR
$4.81B
$637K 0.02%
25,970
-100
-0.4% -$2.54K
NEU icon
674
NewMarket
NEU
$8.72B
$637K 0.02%
1,350
-260
-16% -$116K
HFWA icon
675
Heritage Financial
HFWA
$1.23B
$636K 0.02%
23,600
-2,420
-9% -$66.8K
25 26
27
28 29

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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.