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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
ABBV icon
51
AbbVie
ABBV
$440B
$4.87M 0.19%
64,310
+320
+0.5% +$21.9K
PM icon
52
Philip Morris
PM
$290B
$4.72M 0.18%
62,230
+310
+0.5% +$24.6K
UNP icon
53
Union Pacific
UNP
$174B
$4.72M 0.18%
29,170
– –
NVDA icon
54
NVIDIA
NVDA
$5.43T
$4.63M 0.18%
1,064,800
+6,400
+0.6% +$26.9K
AVGO icon
55
Broadcom
AVGO
$1.98T
$4.52M 0.17%
163,680
+700
+0.4% +$19.9K
NFLX icon
56
Netflix
NFLX
$309B
$4.06M 0.16%
151,600
+900
+0.6% +$28.2K
IWM icon
57
iShares Russell 2000 ETF
IWM
$82.2B
$3.96M 0.15%
+26,140
New +$3.99M
AXP icon
58
American Express
AXP
$232B
$3.9M 0.15%
32,950
+30
+0.1% +$3.68K
MMM icon
59
3M
MMM
$94.8B
$3.89M 0.15%
28,309
+131
+0.5% +$18.3K
TMO icon
60
Thermo Fisher Scientific
TMO
$223B
$3.59M 0.14%
12,310
+30
+0.2% +$8.59K
USB icon
61
US Bancorp
USB
$101B
$3.17M 0.12%
57,250
+170
+0.3% +$9.19K
ADP icon
62
Automatic Data Processing
ADP
$107B
$2.82M 0.11%
17,460
+80
+0.5% +$13.2K
LMT icon
63
Lockheed Martin
LMT
$140B
$2.7M 0.1%
6,910
+40
+0.6% +$15K
ADM icon
64
Archer Daniels Midland
ADM
$38.4B
$2.65M 0.1%
64,520
+160
+0.2% +$6.37K
TRV icon
65
Travelers Companies
TRV
$77.2B
$2.64M 0.1%
17,760
+30
+0.2% +$4.46K
IMKTA icon
66
Ingles Markets
IMKTA
$1.66B
$2.49M 0.1%
64,110
– –
HIG icon
67
Hartford Financial Services
HIG
$37.7B
$2.48M 0.09%
40,860
+90
+0.2% +$5.27K
CCI icon
68
Crown Castle
CCI
$31.5B
$2.47M 0.09%
17,780
+80
+0.5% +$11.1K
DFS
69
DELISTED
Discover Financial Services
DFS
$2.45M 0.09%
30,230
– –
NVR icon
70
NVR
NVR
$16.8B
$2.34M 0.09%
630
– –
PNC icon
71
PNC Financial Services
PNC
$102B
$2.26M 0.09%
16,130
+60
+0.4% +$8.14K
LLY icon
72
Eli Lilly
LLY
$1.09T
$2.25M 0.09%
20,090
+170
+0.9% +$18.9K
STE icon
73
Steris
STE
$23.1B
$2.25M 0.09%
15,540
-100
-0.6% -$14.9K
GS icon
74
Goldman Sachs
GS
$302B
$2.23M 0.09%
10,770
+40
+0.4% +$8.37K
D icon
75
Dominion Energy
D
$59.8B
$2.19M 0.08%
27,028
+190
+0.7% +$14.7K
1 2
3
4 5

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SFM
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AI
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HI
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PEA
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SUT
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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.