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
KSS icon
1001
Kohl's
KSS
$2.22B
$415K 0.02%
8,350
– –
BEAT
1002
DELISTED
BioTelemetry, Inc.
BEAT
$415K 0.02%
10,180
+130
+1% +$5.61K
SMMF
1003
DELISTED
Summit Financial Group, Inc.
SMMF
$414K 0.02%
16,170
– –
FCX icon
1004
Freeport-McMoran
FCX
$93.6B
$413K 0.02%
43,140
– –
UVV icon
1005
Universal Corp
UVV
$1.12B
$413K 0.02%
7,530
+90
+1% +$5.04K
YELP icon
1006
Yelp
YELP
$1.32B
$412K 0.02%
11,860
-1,280
-10% -$44.3K
VSH icon
1007
Vishay Intertechnology
VSH
$5.11B
$411K 0.02%
24,280
-170
-0.7% -$2.79K
UFS
1008
DELISTED
DOMTAR CORPORATION (New)
UFS
$411K 0.02%
11,480
-150
-1% -$5.57K
PRSU
1009
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
$410K 0.02%
6,110
+90
+1% +$6.05K
JOUT icon
1010
Johnson Outdoors
JOUT
$512M
$409K 0.02%
6,980
+2,010
+40% +$126K
WMB icon
1011
Williams Companies
WMB
$89.3B
$409K 0.02%
17,010
+240
+1% +$6.05K
VGR
1012
DELISTED
Vector Group Ltd.
VGR
$409K 0.02%
+48,412
New +$371K
KRG icon
1013
Kite Realty
KRG
$5.31B
$408K 0.02%
25,280
+310
+1% +$4.75K
DVN icon
1014
Devon Energy
DVN
$48.8B
$407K 0.02%
16,940
– –
THRM icon
1015
Gentherm
THRM
$1.32B
$407K 0.02%
9,900
-2,190
-18% -$86.5K
LBC
1016
DELISTED
Luther Burbank Corporation Common Stock
LBC
$407K 0.02%
35,910
– –
GNW icon
1017
Genworth Financial
GNW
$3.77B
$406K 0.02%
92,340
+1,050
+1% +$4.38K
AIR icon
1018
AAR Corp
AIR
$5.77B
$405K 0.02%
9,820
-7,250
-42% -$305K
HPQ icon
1019
HP
HPQ
$28.6B
$405K 0.02%
21,420
– –
MGLN
1020
DELISTED
Magellan Health Services, Inc.
MGLN
$405K 0.02%
6,520
-7,030
-52% -$468K
DCOM icon
1021
Dime Commercial Bancshares
DCOM
$1.82B
$404K 0.02%
13,680
– –
DHC
1022
Diversified Healthcare Trust
DHC
$2.03B
$404K 0.02%
43,620
+280
+0.6% +$2.42K
TRMK icon
1023
Trustmark
TRMK
$2.8B
$403K 0.02%
11,820
-80
-0.7% -$2.69K
EHTH icon
1024
eHealth
EHTH
$38.8M
$402K 0.02%
6,020
+530
+10% +$47.8K
CXO
1025
DELISTED
CONCHO RESOURCES INC.
CXO
$402K 0.02%
5,930
+60
+1% +$4.88K
39 40
41
42 43

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.