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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
CMC icon
1076
Commercial Metals
CMC
$7.98B
$376K 0.01%
21,630
-120
-0.6% -$2.05K
TWIN icon
1077
Twin Disc
TWIN
$349M
$376K 0.01%
35,510
– –
CHCO icon
1078
City Holding Co
CHCO
$2.08B
$375K 0.01%
4,920
-30
-0.6% -$2.27K
EIX icon
1079
Edison International
EIX
$27.2B
$375K 0.01%
4,970
+490
+11% +$35.3K
MEI icon
1080
Methode Electronics
MEI
$593M
$375K 0.01%
11,140
-4,420
-28% -$134K
MTRN icon
1081
Materion
MTRN
$5.88B
$374K 0.01%
6,100
+70
+1% +$4.34K
HA
1082
DELISTED
Hawaiian Holdings, Inc.
HA
$373K 0.01%
14,190
-230
-2% -$6.04K
PAYX icon
1083
Paychex
PAYX
$44.6B
$372K 0.01%
4,490
+90
+2% +$7.48K
PENN icon
1084
PENN Entertainment
PENN
$2.53B
$372K 0.01%
19,950
+230
+1% +$4.35K
BGS icon
1085
B&G Foods
BGS
$299M
$371K 0.01%
19,630
-9,870
-33% -$189K
GCI
1086
DELISTED
Gannett Co., Inc
GCI
$371K 0.01%
34,500
-34,810
-50% -$345K
LUV icon
1087
Southwest Airlines
LUV
$22B
$370K 0.01%
6,850
– –
MED icon
1088
Medifast
MED
$128M
$370K 0.01%
3,570
+30
+0.8% +$3.22K
CTVA icon
1089
Corteva
CTVA
$50.6B
$369K 0.01%
13,177
+160
+1% +$4.63K
TRN icon
1090
Trinity Industries
TRN
$2.34B
$369K 0.01%
18,770
-5,880
-24% -$111K
XEC
1091
DELISTED
CIMAREX ENERGY CO
XEC
$369K 0.01%
7,690
– –
ADNT icon
1092
Adient
ADNT
$1.54B
$367K 0.01%
15,970
-110
-0.7% -$2.51K
EGY icon
1093
Vaalco Energy
EGY
$592M
$367K 0.01%
180,690
– –
IBP icon
1094
Installed Building Products
IBP
$6.54B
$367K 0.01%
6,400
– –
GENC icon
1095
Gencor Industries
GENC
$264M
$366K 0.01%
31,490
– –
MSTR icon
1096
Strategy Inc
MSTR
$38.2B
$366K 0.01%
24,700
– –
OXM icon
1097
Oxford Industries
OXM
$542M
$366K 0.01%
5,100
+50
+1% +$3.52K
STMP
1098
DELISTED
Stamps.com, Inc.
STMP
$366K 0.01%
4,910
-1,070
-18% -$62.8K
INN
1099
Summit Hotel Properties
INN
$656M
$365K 0.01%
31,490
+280
+0.9% +$3.2K
IPAR icon
1100
Interparfums
IPAR
$3.7B
$365K 0.01%
5,210
+60
+1% +$3.98K
42 43
44
45 46

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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
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
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WPL
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PVI
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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.