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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
BKNG icon
76
Booking.com
BKNG
$159B
$2.18M 0.08%
27,750
-250
-0.9% -$19.4K
BMY icon
77
Bristol-Myers Squibb
BMY
$130B
$2.17M 0.08%
42,900
+340
+0.8% +$16K
COF icon
78
Capital One
COF
$136B
$2.17M 0.08%
23,880
+110
+0.5% +$9.89K
APH icon
79
Amphenol
APH
$210B
$2.16M 0.08%
89,480
+240
+0.3% +$5.53K
TDY icon
80
Teledyne Technologies
TDY
$31.8B
$2.15M 0.08%
6,670
-20
-0.3% -$5.97K
ETR icon
81
Entergy
ETR
$50.3B
$2.15M 0.08%
36,600
+120
+0.3% +$6.56K
KMI icon
82
Kinder Morgan
KMI
$70.7B
$2.14M 0.08%
103,810
+360
+0.3% +$7.39K
GILD icon
83
Gilead Sciences
GILD
$168B
$2.13M 0.08%
33,530
+180
+0.5% +$11.8K
Y
84
DELISTED
Alleghany Corp
Y
$2.11M 0.08%
2,650
-20
-0.7% -$14.7K
CL icon
85
Colgate-Palmolive
CL
$73.6B
$2.11M 0.08%
28,680
+110
+0.4% +$7.98K
ALLE icon
86
Allegion
ALLE
$14.1B
$2.09M 0.08%
20,150
– –
BNY
87
Bank of New York Mellon
BNY
$111B
$2.07M 0.08%
45,870
– –
ZBRA icon
88
Zebra Technologies
ZBRA
$17.9B
$2.05M 0.08%
9,930
-30
-0.3% -$6.06K
ETN icon
89
Eaton
ETN
$179B
$2.01M 0.08%
24,180
+70
+0.3% +$5.67K
ODFL icon
90
Old Dominion Freight Line
ODFL
$44.1B
$2M 0.08%
35,220
-780
-2% -$42.3K
TEL icon
91
TE Connectivity
TEL
$62B
$1.98M 0.08%
21,210
– –
CPT icon
92
Camden Property Trust
CPT
$10.9B
$1.97M 0.08%
17,760
-110
-0.6% -$11.8K
TFC icon
93
Truist Financial
TFC
$64.3B
$1.96M 0.07%
36,680
+170
+0.5% +$8.43K
MS icon
94
Morgan Stanley
MS
$342B
$1.95M 0.07%
45,700
– –
UGI icon
95
UGI
UGI
$7.53B
$1.93M 0.07%
38,340
+6,200
+19% +$310K
RTN
96
DELISTED
Raytheon Company
RTN
$1.92M 0.07%
9,790
– –
WST icon
97
West Pharmaceutical
WST
$24.8B
$1.92M 0.07%
13,530
-190
-1% -$26.2K
WRB icon
98
W.R. Berkley
WRB
$25.9B
$1.92M 0.07%
59,726
-428
-0.7% -$13.4K
ITW icon
99
Illinois Tool Works
ITW
$83.3B
$1.91M 0.07%
12,220
+30
+0.2% +$4.55K
MET icon
100
MetLife
MET
$61.4B
$1.91M 0.07%
40,470
– –
2 3
4
5 6

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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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.