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
IRT icon
1051
Independence Realty Trust
IRT
$4.01B
$385K 0.01%
26,920
+340
+1% +$4.47K
RDI icon
1052
Reading International Class A
RDI
$33.2M
$385K 0.01%
32,210
– –
MNTA
1053
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$385K 0.01%
29,710
+370
+1% +$4.47K
AMSF icon
1054
AMERISAFE
AMSF
$504M
$384K 0.01%
5,810
+70
+1% +$4.64K
CVSA
1055
Covista Inc
CVSA
$4.49B
$384K 0.01%
10,080
-600
-6% -$26.9K
CHX
1056
DELISTED
ChampionX
CHX
$384K 0.01%
14,210
-90
-0.6% -$2.63K
SBAC icon
1057
SBA Communications
SBAC
$19.8B
$383K 0.01%
1,590
+30
+2% +$7.42K
WBD icon
1058
Warner Bros
WBD
$69.6B
$383K 0.01%
14,380
– –
AROC icon
1059
Archrock
AROC
$5.85B
$382K 0.01%
38,300
-11,400
-23% -$114K
BCC icon
1060
Boise Cascade
BCC
$2.94B
$381K 0.01%
11,680
+100
+0.9% +$2.93K
DAN icon
1061
Dana Inc
DAN
$3.26B
$381K 0.01%
26,400
+30
+0.1% +$466
DLTR icon
1062
Dollar Tree
DLTR
$24.9B
$381K 0.01%
3,337
+60
+2% +$6.28K
AZO icon
1063
AutoZone
AZO
$49.6B
$380K 0.01%
350
– –
PRFT
1064
DELISTED
Perficient Inc
PRFT
$380K 0.01%
9,850
-90
-0.9% -$3.26K
SVBI
1065
DELISTED
Severn Bancorp Inc/MD
SVBI
$380K 0.01%
47,330
– –
CLB icon
1066
Core Laboratories
CLB
$569M
$379K 0.01%
8,140
-50
-0.6% -$2.33K
DLR icon
1067
Digital Realty Trust
DLR
$73.1B
$379K 0.01%
2,920
+60
+2% +$7.3K
VRA icon
1068
Vera Bradley
VRA
$94.7M
$379K 0.01%
37,450
-7,740
-17% -$81.8K
VTR icon
1069
Ventas
VTR
$46.3B
$379K 0.01%
5,190
+260
+5% +$18.5K
BDC icon
1070
Belden
BDC
$5.36B
$378K 0.01%
7,090
-210
-3% -$10.5K
CXW icon
1071
CoreCivic
CXW
$3.13B
$378K 0.01%
21,850
-90
-0.4% -$1.58K
HLT icon
1072
Hilton Worldwide
HLT
$72.2B
$378K 0.01%
4,060
– –
STBA icon
1073
S&T Bancorp
STBA
$1.82B
$378K 0.01%
10,350
-2,850
-22% -$104K
UFPT icon
1074
UFP Technologies
UFPT
$2.48B
$377K 0.01%
9,760
– –
WDR
1075
DELISTED
Waddell & Reed Financial, Inc.
WDR
$377K 0.01%
21,920
-7,500
-25% -$126K
41 42
43
44 45

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.