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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
MIK
1351
DELISTED
Michaels Stores, Inc
MIK
$237K 0.01%
24,220
+7,950
+49% +$59.4K
PBI icon
1352
Pitney Bowes
PBI
$2.28B
$234K 0.01%
51,270
-4,800
-9% -$19.2K
AJG icon
1353
Arthur J. Gallagher & Co
AJG
$65B
$233K 0.01%
2,600
+70
+3% +$6.29K
ARCB icon
1354
ArcBest
ARCB
$3.28B
$233K 0.01%
7,650
-5,900
-44% -$170K
WPG
1355
DELISTED
Washington Prime Group Inc.
WPG
$233K 0.01%
6,242
-6,616
-51% -$218K
TUP
1356
DELISTED
Tupperware Brands Corporation
TUP
$232K 0.01%
14,640
+5,840
+66% +$90.2K
ONTO icon
1357
Onto Innovation
ONTO
$20.6B
$231K 0.01%
7,080
-210
-3% -$6.54K
SAFE
1358
Safehold
SAFE
$1.1B
$231K 0.01%
3,640
-454
-11% -$28.5K
SCSC icon
1359
Scansource
SCSC
$1.06B
$231K 0.01%
7,570
-7,890
-51% -$246K
DNOW icon
1360
DNOW Inc
DNOW
$2.95B
$230K 0.01%
20,050
– –
HOUS
1361
DELISTED
Anywhere Real Estate
HOUS
$230K 0.01%
34,410
+460
+1% +$2.66K
NAII icon
1362
Natural Alternatives International
NAII
$13.6M
$229K 0.01%
27,450
– –
CPRT icon
1363
Copart
CPRT
$27.2B
$227K 0.01%
11,320
+240
+2% +$4.66K
SAH icon
1364
Sonic Automotive
SAH
$2.51B
$226K 0.01%
7,200
+110
+2% +$2.97K
NXGN
1365
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$226K 0.01%
14,420
+170
+1% +$2.83K
PUMP icon
1366
ProPetro Holding
PUMP
$1.42B
$225K 0.01%
24,710
-7,410
-23% -$103K
RF icon
1367
Regions Financial
RF
$27B
$225K 0.01%
14,220
+320
+2% +$4.84K
CIR
1368
DELISTED
CIRCOR International, Inc
CIR
$225K 0.01%
5,990
+80
+1% +$3.04K
K
1369
DELISTED
Kellanova
K
$224K 0.01%
3,706
– –
GTX icon
1370
Garrett Motion
GTX
$5.35B
$223K 0.01%
22,350
+300
+1% +$3.69K
FRC
1371
DELISTED
First Republic Bank
FRC
$223K 0.01%
2,310
+40
+2% +$3.79K
POLY
1372
DELISTED
Plantronics, Inc.
POLY
$222K 0.01%
5,950
-30
-0.5% -$1.02K
GDOT icon
1373
Green Dot
GDOT
$770M
$221K 0.01%
8,750
-60
-0.7% -$2.22K
WLL
1374
DELISTED
Whiting Petroleum Corporation
WLL
$221K 0.01%
367
-63
-15% -$53.4K
AMCR icon
1375
Amcor
AMCR
$21.4B
$219K 0.01%
4,496
– –
53 54
55
56 57

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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
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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.