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
ANDE icon
1376
Andersons Inc
ANDE
$2.21B
$219K 0.01%
9,780
+1,910
+24% +$48.4K
SSP icon
1377
E.W. Scripps
SSP
$310M
$217K 0.01%
16,340
-4,490
-22% -$61.8K
TFX icon
1378
Teleflex
TFX
$5.82B
$217K 0.01%
640
– –
VRTS icon
1379
Virtus Investment Partners
VRTS
$1.14B
$217K 0.01%
1,960
-840
-30% -$90.3K
AKS
1380
DELISTED
AK Steel Holding Corp
AKS
$216K 0.01%
95,290
-139,400
-59% -$335K
ASIX icon
1381
AdvanSix
ASIX
$446M
$215K 0.01%
8,350
-390
-4% -$9.48K
TVTY
1382
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$215K 0.01%
12,915
-14,810
-53% -$256K
DLPH
1383
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$214K 0.01%
15,980
-380
-2% -$6.03K
UBA
1384
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$214K 0.01%
9,010
+100
+1% +$2.19K
CJ
1385
DELISTED
C&J Energy Services, Inc.
CJ
$213K 0.01%
19,810
+1,420
+8% +$14.7K
UEIC icon
1386
Universal Electronics
UEIC
$66.6M
$212K 0.01%
4,170
+60
+1% +$2.67K
CVET
1387
DELISTED
Covetrus, Inc. Common Stock
CVET
$212K 0.01%
17,850
+360
+2% +$6.66K
ASTE icon
1388
Astec Industries
ASTE
$975M
$211K 0.01%
6,790
– –
ENVA icon
1389
Enova International
ENVA
$6.52B
$211K 0.01%
10,160
+110
+1% +$2.6K
INVA icon
1390
Innoviva
INVA
$1.5B
$211K 0.01%
20,050
-10,930
-35% -$131K
SLCA
1391
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$211K 0.01%
22,040
+250
+1% +$2.88K
PZZA icon
1392
Papa John's
PZZA
$804M
$210K 0.01%
4,020
-140
-3% -$6.6K
CAG icon
1393
Conagra Brands
CAG
$7.39B
$209K 0.01%
6,820
+140
+2% +$4.03K
EXR icon
1394
Extra Space Storage
EXR
$31.6B
$209K 0.01%
1,790
+40
+2% +$4.63K
NFBK
1395
DELISTED
Northfield Bancorp
NFBK
$209K 0.01%
13,000
-8,690
-40% -$136K
CMO
1396
DELISTED
Capstead Mortgage Corp.
CMO
$209K 0.01%
28,490
+3,010
+12% +$24.2K
GEN icon
1397
Gen Digital
GEN
$17.7B
$208K 0.01%
8,790
– –
PFG icon
1398
Principal Financial Group
PFG
$24.6B
$208K 0.01%
3,640
+100
+3% +$5.63K
RGR icon
1399
Sturm, Ruger & Co
RGR
$601M
$208K 0.01%
4,980
-1,810
-27% -$84.6K
AKAM icon
1400
Akamai
AKAM
$18B
$207K 0.01%
2,260
– –
54 55
56
57 58

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.