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
TEX icon
1226
Terex
TEX
$7.57B
$302K 0.01%
11,640
+310
+3% +$8.52K
UFCS icon
1227
United Fire Group
UFCS
$1.38B
$302K 0.01%
6,420
+60
+0.9% +$2.85K
PGTI
1228
DELISTED
PGT, Inc.
PGTI
$302K 0.01%
17,480
+180
+1% +$2.83K
ESS icon
1229
Essex Property Trust
ESS
$18.5B
$301K 0.01%
920
+10
+1% +$3.13K
NTGR icon
1230
NETGEAR
NTGR
$647M
$301K 0.01%
9,330
-50
-0.5% -$1.57K
IDCC icon
1231
InterDigital
IDCC
$8.88B
$300K 0.01%
5,710
-240
-4% -$13.6K
SM icon
1232
SM Energy
SM
$7.71B
$300K 0.01%
30,940
+12,260
+66% +$125K
ARR
1233
Armour Residential REIT
ARR
$2.37B
$297K 0.01%
3,552
+56
+2% +$4.89K
CAL icon
1234
Caleres
CAL
$461M
$297K 0.01%
12,670
-160
-1% -$3.02K
DY icon
1235
Dycom Industries
DY
$12.3B
$297K 0.01%
5,810
– –
MTSC
1236
DELISTED
MTS Systems Corp
MTSC
$297K 0.01%
5,380
+50
+0.9% +$2.86K
ANF icon
1237
Abercrombie & Fitch
ANF
$4.84B
$296K 0.01%
18,950
-9,360
-33% -$156K
AME icon
1238
Ametek
AME
$58.7B
$294K 0.01%
3,200
+60
+2% +$5.29K
EAT icon
1239
Brinker International
EAT
$10.2B
$294K 0.01%
6,880
-110
-2% -$4.41K
GBX icon
1240
The Greenbrier Companies
GBX
$1.42B
$294K 0.01%
9,760
+120
+1% +$3.24K
SMP icon
1241
Standard Motor Products
SMP
$870M
$294K 0.01%
6,060
-1,600
-21% -$73.3K
LTHM
1242
DELISTED
Livent Corporation
LTHM
$294K 0.01%
43,980
+490
+1% +$3.29K
OI icon
1243
O-I Glass
OI
$1.05B
$293K 0.01%
28,520
+420
+1% +$5.42K
HPE icon
1244
Hewlett Packard
HPE
$79.2B
$292K 0.01%
19,260
– –
KR icon
1245
Kroger
KR
$35.1B
$292K 0.01%
11,320
+350
+3% +$8.14K
LNTH icon
1246
Lantheus
LNTH
$6.59B
$292K 0.01%
11,630
+150
+1% +$3.69K
FOE
1247
DELISTED
Ferro Corporation
FOE
$292K 0.01%
24,580
-220
-0.9% -$2.79K
BPFH
1248
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$292K 0.01%
25,060
-9,670
-28% -$109K
CHK
1249
DELISTED
Chesapeake Energy Corporation
CHK
$292K 0.01%
1,035
+84
+9% +$27.3K
DXC icon
1250
DXC Technology
DXC
$1.79B
$291K 0.01%
9,848
– –
48 49
50
51 52

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.