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
GHDX
951
DELISTED
Genomic Health, Inc.
GHDX
$439K 0.02%
+6,480
New +$445K
ORLY icon
952
O'Reilly Automotive
ORLY
$74.5B
$438K 0.02%
16,500
+300
+2% +$7.75K
RFIL icon
953
RF Industries
RFIL
$143M
$438K 0.02%
61,800
– –
TCS
954
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
$437K 0.02%
+6,595
New +$535K
IEC
955
DELISTED
IEC Electronics Corp.
IEC
$437K 0.02%
63,250
– –
RMBS icon
956
Rambus
RMBS
$10.8B
$435K 0.02%
33,150
+670
+2% +$8.4K
TREE icon
957
LendingTree
TREE
$444M
$435K 0.02%
1,400
+20
+1% +$6.82K
CORT icon
958
Corcept Therapeutics
CORT
$12.1B
$434K 0.02%
30,700
-400
-1% -$4.92K
ED icon
959
Consolidated Edison
ED
$39.9B
$434K 0.02%
4,590
+170
+4% +$15.1K
SUPN icon
960
Supernus Pharmaceuticals
SUPN
$2.78B
$434K 0.02%
15,780
+130
+0.8% +$3.85K
TBCH
961
Turtle Beach Corp
TBCH
$230M
$434K 0.02%
37,190
– –
MXL icon
962
MaxLinear
MXL
$6.95B
$433K 0.02%
19,350
+500
+3% +$11.1K
NUS icon
963
Nu Skin
NUS
$236M
$433K 0.02%
10,190
-50
-0.5% -$2.1K
HTB
964
HomeTrust Bancshares
HTB
$831M
$433K 0.02%
16,590
– –
JACK icon
965
Jack in the Box
JACK
$358M
$432K 0.02%
4,740
-30
-0.6% -$2.5K
ABTX
966
DELISTED
Allegiance Bancshares
ABTX
$432K 0.02%
13,470
– –
CAC icon
967
Camden National
CAC
$990M
$431K 0.02%
9,940
– –
CRWS icon
968
Crown Crafts
CRWS
$32M
$431K 0.02%
69,000
– –
MRO
969
DELISTED
Marathon Oil Corporation
MRO
$430K 0.02%
35,050
+310
+0.9% +$4.01K
IIN
970
DELISTED
IntriCon Corporation
IIN
$430K 0.02%
22,130
– –
SLGN icon
971
Silgan Holdings
SLGN
$4.3B
$429K 0.02%
14,280
+160
+1% +$4.82K
STI
972
DELISTED
SunTrust Banks, Inc.
STI
$429K 0.02%
6,230
+90
+1% +$5.76K
OKE icon
973
Oneok
OKE
$58.3B
$427K 0.02%
5,790
+130
+2% +$9.2K
PLAY icon
974
Dave & Buster's
PLAY
$361M
$427K 0.02%
10,950
– –
WNEB icon
975
Western New England Bancorp
WNEB
$282M
$427K 0.02%
44,810
– –
37 38
39
40 41

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.