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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
GD icon
101
General Dynamics
GD
$107B
$1.89M 0.07%
10,350
+40
+0.4% +$7.43K
O icon
102
Realty Income
O
$59.2B
$1.88M 0.07%
25,274
+248
+1% +$17.4K
TYL icon
103
Tyler Technologies
TYL
$13B
$1.86M 0.07%
7,080
– –
SPG icon
104
Simon Property Group
SPG
$71.4B
$1.85M 0.07%
11,880
+60
+0.5% +$9.33K
DPZ icon
105
Domino's
DPZ
$11.7B
$1.85M 0.07%
7,560
-30
-0.4% -$7.43K
ISRG icon
106
Intuitive Surgical
ISRG
$142B
$1.85M 0.07%
10,260
+90
+0.9% +$15.6K
RGA icon
107
Reinsurance Group of America
RGA
$16.1B
$1.84M 0.07%
11,510
-100
-0.9% -$15.5K
AEE icon
108
Ameren
AEE
$30.1B
$1.82M 0.07%
22,760
+60
+0.3% +$4.61K
TER icon
109
Teradyne
TER
$63B
$1.81M 0.07%
31,180
-920
-3% -$48.7K
TRMB icon
110
Trimble
TRMB
$13.1B
$1.79M 0.07%
46,190
-310
-0.7% -$12.5K
SNPS icon
111
Synopsys
SNPS
$79B
$1.78M 0.07%
13,010
+40
+0.3% +$5.41K
COST icon
112
Costco
COST
$421B
$1.78M 0.07%
6,170
+70
+1% +$19.7K
NNN icon
113
NNN REIT
NNN
$8.79B
$1.78M 0.07%
31,490
+1,610
+5% +$87.6K
WTRG icon
114
Essential Utilities
WTRG
$11.3B
$1.77M 0.07%
39,590
+650
+2% +$27.9K
TROW icon
115
T. Rowe Price
TROW
$23.8B
$1.77M 0.07%
15,470
+60
+0.4% +$6.68K
CNP icon
116
CenterPoint Energy
CNP
$26.7B
$1.76M 0.07%
58,430
+160
+0.3% +$4.61K
DTE icon
117
DTE Energy
DTE
$28.9B
$1.76M 0.07%
15,569
+82
+0.5% +$9.06K
NOC icon
118
Northrop Grumman
NOC
$82B
$1.75M 0.07%
4,670
+30
+0.6% +$10.6K
MHO icon
119
M/I Homes
MHO
$3.82B
$1.75M 0.07%
46,450
-5,460
-11% -$188K
AWK icon
120
American Water Works
AWK
$26.8B
$1.75M 0.07%
14,050
+40
+0.3% +$4.82K
PH icon
121
Parker-Hannifin
PH
$135B
$1.72M 0.07%
9,500
– –
FDS icon
122
Factset
FDS
$9.89B
$1.71M 0.07%
7,020
-10
-0.1% -$2.77K
TXN icon
123
Texas Instruments
TXN
$253B
$1.7M 0.07%
13,170
+170
+1% +$20.9K
LYV icon
124
Live Nation Entertainment
LYV
$43.2B
$1.69M 0.06%
25,510
-60
-0.2% -$4.2K
ANSS
125
DELISTED
Ansys
ANSS
$1.68M 0.06%
7,570
+20
+0.3% +$4.21K
3 4
5
6 7

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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
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WPL
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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.