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
NVRI icon
926
Enviri
NVRI
$583M
$458K 0.02%
24,160
+370
+2% +$7.84K
ADSK icon
927
Autodesk
ADSK
$52.7B
$455K 0.02%
3,080
+50
+2% +$7.78K
DEA
928
Easterly Government Properties
DEA
$1.16B
$455K 0.02%
8,548
+408
+5% +$20.3K
TDS icon
929
Telephone and Data Systems
TDS
$4.03B
$454K 0.02%
17,580
+250
+1% +$6.98K
CNO icon
930
CNO Financial Group
CNO
$5.02B
$453K 0.02%
28,620
-1,090
-4% -$17.2K
CRS icon
931
Carpenter Technology
CRS
$26.3B
$452K 0.02%
8,740
-20
-0.2% -$967
HCA icon
932
HCA Healthcare
HCA
$89.8B
$452K 0.02%
3,750
+50
+1% +$6.46K
MNDO icon
933
Mind CTI
MNDO
$20.6M
$450K 0.02%
191,480
– –
EQR icon
934
Equity Residential
EQR
$24.2B
$449K 0.02%
5,200
+110
+2% +$9K
CC icon
935
Chemours
CC
$2.29B
$448K 0.02%
29,990
-890
-3% -$14.5K
EPAY
936
DELISTED
Bottomline Technologies Inc
EPAY
$448K 0.02%
11,390
+180
+2% +$7.56K
FFIC
937
DELISTED
Flushing Financial
FFIC
$447K 0.02%
22,140
– –
KLIC icon
938
Kulicke & Soffa
KLIC
$4.98B
$447K 0.02%
19,020
-7,250
-28% -$159K
IRMD icon
939
iRadimed
IRMD
$1.11B
$446K 0.02%
21,210
– –
PFS icon
940
Provident Financial Services
PFS
$3.24B
$446K 0.02%
18,190
-3,960
-18% -$96.2K
ROCK icon
941
Gibraltar Industries
ROCK
$1.46B
$446K 0.02%
9,700
+140
+1% +$5.86K
SAFT icon
942
Safety Insurance
SAFT
$1.52B
$446K 0.02%
4,400
+70
+2% +$6.84K
ENOV icon
943
Enovis
ENOV
$1.42B
$445K 0.02%
8,907
-1,191
-12% -$56.2K
BFIN
944
DELISTED
BankFinancial
BFIN
$444K 0.02%
37,310
– –
FMNB icon
945
Farmers National Banc Corp
FMNB
$957M
$444K 0.02%
30,630
– –
OPI
946
DELISTED
Office Properties Income Trust
OPI
$444K 0.02%
14,490
+170
+1% +$4.75K
CORE
947
DELISTED
Core Mark Holding Co., Inc.
CORE
$444K 0.02%
13,820
+100
+0.7% +$3.48K
AX icon
948
Axos Financial
AX
$5.68B
$442K 0.02%
15,980
-70
-0.4% -$1.88K
BGSF icon
949
BGSF Inc
BGSF
$57.6M
$441K 0.02%
23,070
– –
PEG icon
950
Public Service Enterprise Group
PEG
$37.8B
$440K 0.02%
7,090
+90
+1% +$5.37K
36 37
38
39 40

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.