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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
CTBI icon
1126
Community Trust Bancorp
CTBI
$1.44B
$354K 0.01%
+8,320
New +$342K
HBI
1127
DELISTED
Hanesbrands
HBI
$354K 0.01%
23,120
– –
WIRE
1128
DELISTED
Encore Wire Corp
WIRE
$354K 0.01%
6,290
-2,800
-31% -$155K
EPM icon
1129
Evolution Petroleum
EPM
$135M
$353K 0.01%
60,440
– –
BYD icon
1130
Boyd Gaming
BYD
$6.05B
$352K 0.01%
14,680
+50
+0.3% +$1.26K
III icon
1131
Information Services Group
III
$250M
$352K 0.01%
141,710
– –
AM icon
1132
Antero Midstream
AM
$10.5B
$351K 0.01%
+47,420
New +$409K
CMP icon
1133
Compass Minerals
CMP
$1.1B
$351K 0.01%
6,220
-40
-0.6% -$2.15K
HOFT icon
1134
Hooker Furnishings Corp
HOFT
$158M
$350K 0.01%
16,310
– –
TMUS icon
1135
T-Mobile US
TMUS
$197B
$350K 0.01%
+4,440
New +$348K
MATV icon
1136
Mativ Holdings
MATV
$667M
$349K 0.01%
9,310
-2,510
-21% -$86.5K
MD icon
1137
Pediatrix Medical
MD
$2.14B
$349K 0.01%
15,450
-850
-5% -$19.4K
SCHL icon
1138
Scholastic
SCHL
$784M
$349K 0.01%
9,250
+950
+11% +$33.4K
LGND icon
1139
Ligand Pharmaceuticals
LGND
$5.76B
$347K 0.01%
5,594
-401
-7% -$25.2K
PRGO icon
1140
Perrigo
PRGO
$1.78B
$347K 0.01%
6,200
– –
AVAV icon
1141
AeroVironment
AVAV
$9.59B
$344K 0.01%
6,420
+50
+0.8% +$2.74K
CENTA icon
1142
Central Garden & Pet Co Class A
CENTA
$2.41B
$344K 0.01%
15,488
-6,100
-28% -$121K
TGI
1143
DELISTED
Triumph Group
TGI
$344K 0.01%
15,030
+180
+1% +$4.12K
CPAY icon
1144
Corpay
CPAY
$27.9B
$344K 0.01%
1,200
– –
CYBE
1145
DELISTED
Cyberoptics Corp
CYBE
$343K 0.01%
23,930
– –
APA icon
1146
APA Corp
APA
$14B
$342K 0.01%
13,360
– –
BALL icon
1147
Ball Corp
BALL
$16.4B
$342K 0.01%
4,700
+110
+2% +$8.2K
FE icon
1148
FirstEnergy
FE
$27.1B
$342K 0.01%
7,090
+160
+2% +$7.24K
INFO
1149
DELISTED
IHS Markit Ltd. Common Shares
INFO
$342K 0.01%
5,110
+110
+2% +$7.19K
SRCI
1150
DELISTED
SRC Energy Inc
SRCI
$342K 0.01%
73,320
+870
+1% +$3.93K
44 45
46
47 48

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.