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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
SBSI icon
1176
Southside Bancshares
SBSI
$984M
$326K 0.01%
9,547
+110
+1% +$3.65K
RPT
1177
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$326K 0.01%
24,080
+210
+0.9% +$2.59K
ONDK
1178
DELISTED
On Deck Capital, Inc.
ONDK
$325K 0.01%
96,660
– –
CLNE icon
1179
Clean Energy Fuels
CLNE
$395M
$324K 0.01%
156,810
– –
JWN
1180
DELISTED
Nordstrom
JWN
$324K 0.01%
9,610
– –
TRHC
1181
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$324K 0.01%
5,900
+650
+12% +$37.2K
NTUS
1182
DELISTED
Natus Medical Inc
NTUS
$324K 0.01%
10,190
+130
+1% +$3.79K
ARC
1183
DELISTED
ARC Document Solutions, Inc.
ARC
$324K 0.01%
238,310
– –
EPC icon
1184
Edgewell Personal Care
EPC
$1.31B
$323K 0.01%
9,940
+90
+0.9% +$2.69K
REZI icon
1185
Resideo Technologies
REZI
$3.1B
$323K 0.01%
22,530
-200
-0.9% -$3.35K
GIII icon
1186
G-III Apparel Group
GIII
$1.43B
$322K 0.01%
12,500
-5,710
-31% -$143K
PIPR icon
1187
Piper Sandler
PIPR
$5.54B
$322K 0.01%
17,040
-6,280
-27% -$117K
WW
1188
DELISTED
WW International
WW
$322K 0.01%
8,520
+1,500
+21% +$42.4K
MTDR icon
1189
Matador Resources
MTDR
$6.39B
$321K 0.01%
19,420
+270
+1% +$4.51K
NCI
1190
DELISTED
Navigant Consulting, Inc.
NCI
$321K 0.01%
11,490
-6,070
-35% -$160K
PBH icon
1191
Prestige Consumer Healthcare
PBH
$2.43B
$320K 0.01%
9,220
-360
-4% -$11.9K
CTAS icon
1192
Cintas
CTAS
$80.3B
$319K 0.01%
4,760
+80
+2% +$5.12K
MNST icon
1193
Monster Beverage
MNST
$91.4B
$319K 0.01%
21,960
+400
+2% +$6.06K
NBHC icon
1194
National Bank Holdings
NBHC
$1.94B
$319K 0.01%
9,340
-5,170
-36% -$180K
PFC
1195
DELISTED
Premier Financial Corp. Common Stock
PFC
$319K 0.01%
+11,000
New +$304K
PTEN icon
1196
Patterson-UTI
PTEN
$4.16B
$318K 0.01%
37,170
-1,840
-5% -$18K
APTV icon
1197
Aptiv
APTV
$10.2B
$316K 0.01%
3,620
+50
+1% +$4.18K
HAIN icon
1198
Hain Celestial
HAIN
$53.9M
$316K 0.01%
14,720
-1,840
-11% -$38.5K
AVTA
1199
DELISTED
Avantax, Inc. Common Stock
AVTA
$316K 0.01%
14,580
-3,370
-19% -$85K
FBC
1200
DELISTED
Flagstar Bancorp, Inc. New
FBC
$316K 0.01%
8,470
-3,920
-32% -$138K
46 47
48
49 50

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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
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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.