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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
SPWH icon
751
Sportsman's Warehouse
SPWH
$46.8M
$575K 0.02%
110,950
– –
HMN icon
752
Horace Mann Educators
HMN
$2.1B
$574K 0.02%
12,400
+140
+1% +$6.13K
MANT
753
DELISTED
Mantech International Corp
MANT
$574K 0.02%
8,040
-3,450
-30% -$236K
CRUS icon
754
Cirrus Logic
CRUS
$6.08B
$572K 0.02%
10,670
-240
-2% -$12.3K
FHI icon
755
Federated Hermes
FHI
$4.74B
$572K 0.02%
17,640
-60
-0.3% -$1.97K
THO icon
756
Thor Industries
THO
$4.11B
$572K 0.02%
10,100
+430
+4% +$22.6K
THS
757
DELISTED
Treehouse Foods
THS
$572K 0.02%
10,310
-40
-0.4% -$2.19K
LM
758
DELISTED
Legg Mason, Inc.
LM
$571K 0.02%
14,960
-860
-5% -$32.5K
GPX
759
DELISTED
GP Strategies Corp.
GPX
$568K 0.02%
44,230
– –
FRST icon
760
Primis Financial Corp
FRST
$413M
$566K 0.02%
36,760
– –
HES
761
DELISTED
Hess
HES
$566K 0.02%
9,350
+80
+0.9% +$4.99K
GWB
762
DELISTED
Great Western Bancorp, Inc.
GWB
$566K 0.02%
17,150
-3,200
-16% -$103K
PPBI
763
DELISTED
Pacific Premier Bancorp
PPBI
$565K 0.02%
18,110
+4,710
+35% +$143K
VIVO
764
DELISTED
Meridian Bioscience Inc
VIVO
$565K 0.02%
59,460
-11,050
-16% -$116K
OLN icon
765
Olin
OLN
$2.17B
$564K 0.02%
30,140
-350
-1% -$6.6K
ROST icon
766
Ross Stores
ROST
$78.6B
$564K 0.02%
5,130
– –
ICUI icon
767
ICU Medical
ICUI
$4.58B
$563K 0.02%
3,530
+460
+15% +$91.6K
AAON icon
768
Aaon
AAON
$7.23B
$560K 0.02%
18,285
+90
+0.5% +$2.9K
RRX icon
769
Regal Rexnord
RRX
$11.4B
$560K 0.02%
7,690
-170
-2% -$12.8K
EVTC icon
770
Evertec
EVTC
$1.91B
$559K 0.02%
17,910
-3,050
-15% -$102K
LPX icon
771
Louisiana-Pacific
LPX
$5.18B
$557K 0.02%
22,680
-140
-0.6% -$3.45K
RM icon
772
Regional Management Corp
RM
$301M
$557K 0.02%
19,780
– –
TACT icon
773
Transact Technologies
TACT
$52.5M
$556K 0.02%
45,640
– –
SACH
774
Sachem Capital Corp
SACH
$37.6M
$553K 0.02%
117,140
– –
FELE icon
775
Franklin Electric
FELE
$4.68B
$552K 0.02%
11,540
+50
+0.4% +$2.32K
29 30
31
32 33

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VAS
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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.