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
AZZ icon
1151
AZZ Inc
AZZ
$4.52B
$341K 0.01%
7,830
-1,960
-20% -$85.7K
CVLT icon
1152
Commault Systems
CVLT
$6.26B
$341K 0.01%
7,630
+540
+8% +$24.7K
MTX icon
1153
Minerals Technologies
MTX
$2.26B
$341K 0.01%
6,430
– –
BID
1154
DELISTED
Sotheby's
BID
$341K 0.01%
5,990
+30
+0.5% +$1.74K
HLX icon
1155
Helix Energy Solutions
HLX
$1.49B
$340K 0.01%
42,130
-10,290
-20% -$83.1K
PCAR icon
1156
PACCAR
PCAR
$68.8B
$340K 0.01%
7,290
+90
+1% +$4.11K
MDRX
1157
DELISTED
Veradigm Inc. Common Stock
MDRX
$336K 0.01%
30,570
-1,060
-3% -$10.9K
MATW icon
1158
Matthews International
MATW
$722M
$334K 0.01%
9,450
-4,610
-33% -$152K
WYNN icon
1159
Wynn Resorts
WYNN
$10.5B
$333K 0.01%
3,060
+40
+1% +$4.76K
CATM
1160
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$333K 0.01%
11,010
-150
-1% -$4.43K
AMPY icon
1161
Amplify Energy
AMPY
$200M
$332K 0.01%
53,860
+9,060
+20% +$51.2K
NP
1162
DELISTED
Neenah, Inc. Common Stock
NP
$331K 0.01%
5,080
+60
+1% +$3.9K
HCSG icon
1163
Healthcare Services Group
HCSG
$1.45B
$330K 0.01%
13,600
-40
-0.3% -$1.01K
IQV icon
1164
IQVIA
IQV
$39.8B
$330K 0.01%
2,210
+30
+1% +$4.67K
HNRG icon
1165
Hallador Energy
HNRG
$730M
$329K 0.01%
90,890
– –
IDXX icon
1166
Idexx Laboratories
IDXX
$44.7B
$329K 0.01%
1,210
+20
+2% +$5.57K
SBH icon
1167
Sally Beauty Holdings
SBH
$1.55B
$329K 0.01%
22,110
-180
-0.8% -$2.35K
AVNS
1168
DELISTED
Avanos Medical
AVNS
$328K 0.01%
8,750
-20
-0.2% -$763
BHE icon
1169
Benchmark Electronics
BHE
$2.89B
$328K 0.01%
11,290
-11,260
-50% -$301K
RGNX icon
1170
Regenxbio
RGNX
$704M
$328K 0.01%
9,220
+70
+0.8% +$2.84K
VREX icon
1171
Varex Imaging
VREX
$780M
$328K 0.01%
11,480
+130
+1% +$3.76K
DVD
1172
DELISTED
Dover Motorsports
DVD
$328K 0.01%
165,430
– –
TACO
1173
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$328K 0.01%
32,050
– –
GTY
1174
Getty Realty Corp
GTY
$2.05B
$327K 0.01%
10,198
+100
+1% +$3.09K
VRTU
1175
DELISTED
Virtusa Corporation
VRTU
$327K 0.01%
9,070
+870
+11% +$34.9K
45 46
47
48 49

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.