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
FSS icon
726
Federal Signal
FSS
$7.51B
$595K 0.02%
18,160
+170
+0.9% +$5.05K
ABG icon
727
Asbury Automotive
ABG
$3.78B
$594K 0.02%
5,800
-90
-2% -$8.31K
NSA
728
DELISTED
National Storage Affiliates Trust
NSA
$594K 0.02%
17,790
+830
+5% +$26.3K
SMTC icon
729
Semtech
SMTC
$12.4B
$594K 0.02%
12,210
+40
+0.3% +$1.9K
ALGT icon
730
Allegiant Air
ALGT
$2.36B
$593K 0.02%
3,960
+110
+3% +$16.1K
NEO icon
731
NeoGenomics
NEO
$2.11B
$590K 0.02%
30,870
+490
+2% +$11.5K
PXD
732
DELISTED
Pioneer Natural Resource Co.
PXD
$589K 0.02%
4,680
+30
+0.6% +$3.97K
SIVB
733
DELISTED
SVB Financial Group
SIVB
$589K 0.02%
2,820
– –
ALB icon
734
Albemarle
ALB
$15.4B
$588K 0.02%
8,470
– –
OLLI icon
735
Ollie's Bargain Outlet
OLLI
$4.7B
$588K 0.02%
10,030
+500
+5% +$37.5K
AVP
736
DELISTED
Avon Products, Inc.
AVP
$587K 0.02%
133,510
+1,170
+0.9% +$4.94K
BAX icon
737
Baxter International
BAX
$14B
$586K 0.02%
6,700
– –
EVR icon
738
Evercore
EVR
$12B
$586K 0.02%
7,310
-2,900
-28% -$240K
PMT
739
PennyMac Mortgage Investment
PMT
$828M
$586K 0.02%
26,340
-2,330
-8% -$51.4K
SCL icon
740
Stepan Co
SCL
$1.48B
$584K 0.02%
6,020
-2,370
-28% -$225K
FCPT icon
741
Four Corners Property Trust
FCPT
$2.76B
$583K 0.02%
20,606
+160
+0.8% +$4.46K
BANR icon
742
Banner Corp
BANR
$2.5B
$582K 0.02%
10,370
-1,000
-9% -$55.2K
HI
743
DELISTED
Hillenbrand
HI
$582K 0.02%
18,860
-3,440
-15% -$109K
FN icon
744
Fabrinet
FN
$20.3B
$581K 0.02%
11,100
-2,750
-20% -$144K
ADI icon
745
Analog Devices
ADI
$186B
$580K 0.02%
5,192
+90
+2% +$10.2K
HVT icon
746
Haverty Furniture Companies
HVT
$450M
$580K 0.02%
28,640
-4,450
-13% -$83.9K
DG icon
747
Dollar General
DG
$26.9B
$579K 0.02%
3,640
– –
EMR icon
748
Emerson Electric
EMR
$91.6B
$577K 0.02%
8,630
+150
+2% +$9.43K
TESS
749
DELISTED
Tessco Technologies Inc
TESS
$577K 0.02%
40,180
– –
BRT
750
BRT Apartments
BRT
$269M
$575K 0.02%
39,440
– –
28 29
30
31 32

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.