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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
NMIH icon
801
NMI Holdings
NMIH
$3.42B
$534K 0.02%
20,340
+470
+2% +$12.8K
CTRN icon
802
Citi Trends
CTRN
$621M
$533K 0.02%
29,150
– –
KBH icon
803
KB Home
KBH
$3.45B
$533K 0.02%
15,690
+80
+0.5% +$2.24K
RAMP icon
804
LiveRamp
RAMP
$2.31B
$533K 0.02%
12,410
-210
-2% -$9.76K
SXT icon
805
Sensient Technologies
SXT
$5.53B
$533K 0.02%
7,760
-60
-0.8% -$4.09K
GHC icon
806
Graham Holdings Company
GHC
$4.97B
$531K 0.02%
800
– –
SPXC icon
807
SPX Corp
SPXC
$10.6B
$529K 0.02%
13,210
+250
+2% +$9.23K
HTBK
808
DELISTED
Heritage Commerce
HTBK
$523K 0.02%
44,480
– –
KN icon
809
Knowles
KN
$3.23B
$523K 0.02%
25,700
-6,210
-19% -$122K
QRVO icon
810
Qorvo
QRVO
$8.68B
$523K 0.02%
7,050
– –
CROX icon
811
Crocs
CROX
$6.36B
$522K 0.02%
18,800
-1,080
-5% -$26.2K
IRBT
812
DELISTED
iRobot
IRBT
$521K 0.02%
8,450
+140
+2% +$10K
ROP icon
813
Roper Technologies
ROP
$39.3B
$521K 0.02%
1,460
+20
+1% +$7.26K
UVSP icon
814
Univest Financial
UVSP
$1.19B
$521K 0.02%
20,410
– –
BFYT
815
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$519K 0.02%
20,810
– –
PSA icon
816
Public Storage
PSA
$61.4B
$518K 0.02%
2,110
+30
+1% +$7.53K
TSE
817
DELISTED
Trinseo
TSE
$518K 0.02%
+12,060
New +$449K
OSIS icon
818
OSI Systems
OSIS
$3.77B
$515K 0.02%
5,070
+40
+0.8% +$4.32K
WELL icon
819
Welltower
WELL
$169B
$515K 0.02%
5,680
+330
+6% +$28.7K
ENS icon
820
EnerSys
ENS
$7.2B
$514K 0.02%
7,790
-170
-2% -$10.7K
THFF icon
821
First Financial Corp
THFF
$975M
$514K 0.02%
11,820
– –
ENR icon
822
Energizer
ENR
$1.55B
$513K 0.02%
11,760
– –
CSGS
823
DELISTED
CSG Systems International
CSGS
$512K 0.02%
9,900
+30
+0.3% +$1.54K
PRGS icon
824
Progress Software
PRGS
$1.83B
$511K 0.02%
13,420
-90
-0.7% -$3.62K
UMBF icon
825
UMB Financial
UMBF
$11.5B
$511K 0.02%
7,920
-240
-3% -$15.5K
31 32
33
34 35

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.