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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
TIF
1026
DELISTED
Tiffany & Co.
TIF
$401K 0.02%
4,330
– –
PVH icon
1027
PVH
PVH
$3.77B
$400K 0.02%
4,530
– –
AMCX icon
1028
AMC Global Media
AMCX
$496M
$398K 0.02%
8,100
-110
-1% -$5.67K
NBL
1029
DELISTED
Noble Energy, Inc.
NBL
$396K 0.02%
17,640
– –
SND icon
1030
Smart Sand
SND
$213M
$395K 0.02%
139,520
– –
WMC
1031
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$395K 0.02%
4,089
– –
CTB
1032
DELISTED
Cooper Tire & Rubber Co.
CTB
$395K 0.02%
15,110
-4,760
-24% -$126K
FCF icon
1033
First Commonwealth Financial
FCF
$2.19B
$394K 0.02%
29,670
-8,290
-22% -$107K
IBOC icon
1034
International Bancshares
IBOC
$4.57B
$394K 0.02%
10,200
+190
+2% +$6.96K
MSI icon
1035
Motorola Solutions
MSI
$77B
$394K 0.02%
2,310
+40
+2% +$6.87K
ZBH icon
1036
Zimmer Biomet
ZBH
$19B
$394K 0.02%
2,956
+62
+2% +$8.01K
TPH
1037
DELISTED
Tri Pointe Homes
TPH
$393K 0.02%
26,100
-90
-0.3% -$1.23K
VTRS icon
1038
Viatris
VTRS
$18.4B
$393K 0.02%
19,880
– –
EGLE
1039
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$393K 0.02%
12,830
– –
PPG icon
1040
PPG Industries
PPG
$25.5B
$392K 0.02%
3,310
+60
+2% +$6.91K
UHT
1041
Universal Health Realty Income Trust
UHT
$573M
$392K 0.02%
3,810
+40
+1% +$3.77K
DIN icon
1042
Dine Brands
DIN
$440M
$391K 0.01%
5,150
-1,040
-17% -$85.2K
SBCF icon
1043
Seacoast Banking Corp of Florida
SBCF
$3.48B
$390K 0.01%
15,410
+120
+0.8% +$3.01K
ALSK
1044
DELISTED
Alaska Communications Systems
ALSK
$389K 0.01%
225,890
– –
DLX icon
1045
Deluxe
DLX
$1.11B
$387K 0.01%
7,880
-110
-1% -$4.9K
TNC icon
1046
Tennant Co
TNC
$1.15B
$387K 0.01%
5,470
+70
+1% +$4.74K
GEO icon
1047
The GEO Group
GEO
$4B
$386K 0.01%
22,245
+40
+0.2% +$717
BBT
1048
Beacon Financial Corp
BBT
$2.71B
$385K 0.01%
13,130
-530
-4% -$16.1K
EQBK icon
1049
Equity Bancshares
EQBK
$1.07B
$385K 0.01%
14,350
– –
ES icon
1050
Eversource Energy
ES
$27.2B
$385K 0.01%
4,510
+150
+3% +$11.9K
40 41
42
43 44

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.