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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
OII icon
1326
Oceaneering
OII
$5.11B
$248K 0.01%
18,270
– –
MTD icon
1327
Mettler-Toledo International
MTD
$28.7B
$247K 0.01%
350
+10
+3% +$7.34K
RTEC
1328
DELISTED
Rudolph Technologies Inc
RTEC
$246K 0.01%
9,350
– –
TYPE
1329
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$246K 0.01%
12,400
-5,780
-32% -$110K
ARE icon
1330
Alexandria Real Estate Equities
ARE
$8.33B
$245K 0.01%
1,590
+40
+3% +$5.91K
CINF icon
1331
Cincinnati Financial
CINF
$26.5B
$245K 0.01%
2,100
– –
CPF icon
1332
Central Pacific Financial
CPF
$1B
$245K 0.01%
8,630
-3,430
-28% -$98.9K
WOR icon
1333
Worthington Enterprises
WOR
$2.85B
$245K 0.01%
11,030
-778
-7% -$18K
MRTN icon
1334
Marten Transport
MRTN
$1.24B
$243K 0.01%
17,520
-12,345
-41% -$162K
SBOW
1335
DELISTED
SilverBow Resources, Inc.
SBOW
$243K 0.01%
25,070
– –
OIS icon
1336
Oil States International
OIS
$526M
$242K 0.01%
18,210
+190
+1% +$2.73K
WRLD icon
1337
World Acceptance Corp
WRLD
$875M
$242K 0.01%
1,900
-70
-4% -$9.9K
CHCT
1338
Community Healthcare Trust
CHCT
$433M
$241K 0.01%
5,400
+80
+2% +$3.37K
KELYA icon
1339
Kelly Services Class A
KELYA
$566M
$241K 0.01%
9,950
+660
+7% +$17.1K
MLM icon
1340
Martin Marietta Materials
MLM
$32.7B
$241K 0.01%
880
+20
+2% +$4.94K
SYNA icon
1341
Synaptics
SYNA
$4.2B
$241K 0.01%
6,040
-230
-4% -$7.76K
TCMD icon
1342
Tactile Systems Technology
TCMD
$537M
$241K 0.01%
5,690
+610
+12% +$31.5K
SPNT icon
1343
SiriusPoint
SPNT
$2.7B
$240K 0.01%
23,980
+1,850
+8% +$18.6K
EFX icon
1344
Equifax
EFX
$21.8B
$239K 0.01%
1,700
+40
+2% +$5.64K
RRC icon
1345
Range Resources
RRC
$9.33B
$239K 0.01%
62,600
+24,850
+66% +$119K
BJRI icon
1346
BJ's Restaurants
BJRI
$1.42B
$238K 0.01%
6,140
-2,520
-29% -$97.1K
TRST
1347
Trustco Bank Corp NY
TRST
$971M
$238K 0.01%
5,834
+70
+1% +$2.78K
CRZO
1348
DELISTED
Carrizo Oil & Gas Inc
CRZO
$238K 0.01%
27,770
-26,670
-49% -$244K
GES
1349
DELISTED
Guess Inc
GES
$237K 0.01%
12,800
-13,620
-52% -$226K
WNC icon
1350
Wabash National
WNC
$509M
$237K 0.01%
16,340
-15,330
-48% -$227K
52 53
54
55 56

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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
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
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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.