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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
KEM
1201
DELISTED
KEMET Corporation
KEM
$316K 0.01%
17,380
-7,580
-30% -$143K
CAKE icon
1202
Cheesecake Factory
CAKE
$5.57B
$314K 0.01%
7,530
-180
-2% -$7.41K
CERN
1203
DELISTED
Cerner Corp
CERN
$312K 0.01%
4,570
+110
+2% +$7.79K
APOG icon
1204
Apogee Enterprises
APOG
$888M
$311K 0.01%
7,970
-290
-4% -$11.5K
GCP
1205
DELISTED
GCP Applied Technologies Inc.
GCP
$311K 0.01%
+16,130
New +$325K
MCHP icon
1206
Microchip Technology
MCHP
$42.2B
$310K 0.01%
6,680
+160
+2% +$7.26K
IIPR icon
1207
Innovative Industrial Properties
IIPR
$1.67B
$309K 0.01%
3,350
+440
+15% +$46.4K
ALXN
1208
DELISTED
Alexion Pharmaceuticals
ALXN
$309K 0.01%
3,150
+50
+2% +$5.64K
CHEF icon
1209
Chefs' Warehouse
CHEF
$4.57B
$308K 0.01%
7,630
+760
+11% +$28.5K
PLUS icon
1210
ePlus
PLUS
$2.31B
$308K 0.01%
8,100
-2,980
-27% -$115K
PPC icon
1211
Pilgrim's Pride
PPC
$6.57B
$308K 0.01%
+9,600
New +$279K
SWK icon
1212
Stanley Black & Decker
SWK
$15.4B
$308K 0.01%
2,130
+50
+2% +$7.06K
ALEX
1213
DELISTED
Alexander & Baldwin
ALEX
$307K 0.01%
12,534
– –
KRA
1214
DELISTED
Kraton Corporation
KRA
$307K 0.01%
9,510
-10,120
-52% -$303K
ADEA icon
1215
Adeia
ADEA
$3.16B
$305K 0.01%
55,831
-13,721
-20% -$73.4K
AORT icon
1216
Artivion
AORT
$1.39B
$305K 0.01%
11,250
+1,110
+11% +$31.4K
HSY icon
1217
Hershey
HSY
$37.4B
$304K 0.01%
1,960
+30
+2% +$4.53K
SWBI icon
1218
Smith & Wesson
SWBI
$643M
$304K 0.01%
67,535
– –
CAR icon
1219
Avis
CAR
$4.84B
$303K 0.01%
10,730
-1,030
-9% -$31.6K
GPMT
1220
Granite Point Mortgage Trust
GPMT
$58.8M
$303K 0.01%
16,190
+110
+0.7% +$2.06K
TLYS icon
1221
Tilly's
TLYS
$122M
$303K 0.01%
32,110
– –
TMP icon
1222
Tompkins Financial
TMP
$1.45B
$303K 0.01%
3,740
-1,380
-27% -$110K
HCC icon
1223
Warrior Met Coal
HCC
$4.98B
$302K 0.01%
+15,470
New +$346K
HTLD icon
1224
Heartland Express
HTLD
$979M
$302K 0.01%
14,020
-190
-1% -$3.81K
LNN icon
1225
Lindsay Corp
LNN
$1.17B
$302K 0.01%
3,250
+40
+1% +$3.57K
47 48
49
50 51

Similar funds

VAS
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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
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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.