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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
ISCA
1426
DELISTED
International Speedway Corp
ISCA
$197K 0.01%
4,380
-50
-1% -$2.25K
DCOM
1427
DELISTED
Dime Community Bancshares
DCOM
$197K 0.01%
9,180
– –
ULTA icon
1428
Ulta Beauty
ULTA
$22.2B
$196K 0.01%
780
– –
AAWW
1429
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$196K 0.01%
7,750
-5,970
-44% -$195K
CAH icon
1430
Cardinal Health
CAH
$53.8B
$195K 0.01%
4,130
– –
L icon
1431
Loews
L
$23.1B
$195K 0.01%
3,790
– –
ENDP
1432
DELISTED
Endo International plc
ENDP
$194K 0.01%
60,320
+830
+1% +$2.68K
UDR icon
1433
UDR
UDR
$12.1B
$192K 0.01%
3,960
+140
+4% +$6.59K
SWN
1434
DELISTED
Southwestern Energy Company
SWN
$192K 0.01%
99,310
+300
+0.3% +$644
IPHS
1435
DELISTED
Innophos Holdings, Inc.
IPHS
$192K 0.01%
5,930
-3,600
-38% -$104K
ATNI icon
1436
ATN International
ATNI
$492M
$191K 0.01%
3,280
-1,490
-31% -$85.4K
BFS
1437
Saul Centers
BFS
$861M
$191K 0.01%
3,500
+40
+1% +$2.13K
MGPI icon
1438
MGP Ingredients
MGPI
$393M
$191K 0.01%
3,840
+50
+1% +$2.81K
HAS icon
1439
Hasbro
HAS
$13.6B
$190K 0.01%
1,600
– –
MYE icon
1440
Myers Industries
MYE
$1.27B
$189K 0.01%
10,680
+150
+1% +$2.56K
BOOM icon
1441
DMC Global
BOOM
$155M
$188K 0.01%
4,270
+50
+1% +$2.51K
GCO icon
1442
Genesco
GCO
$387M
$188K 0.01%
4,710
-3,620
-43% -$140K
HOLX
1443
DELISTED
Hologic
HOLX
$187K 0.01%
3,710
– –
ECHO
1444
DELISTED
Echo Global Logistics, Inc.
ECHO
$186K 0.01%
8,190
-120
-1% -$2.48K
ALGN icon
1445
Align Technology
ALGN
$12.4B
$185K 0.01%
1,020
+20
+2% +$4.16K
ATO icon
1446
Atmos Energy
ATO
$28.7B
$185K 0.01%
1,620
– –
NBR icon
1447
Nabors Industries
NBR
$1.34B
$185K 0.01%
1,980
-426
-18% -$47.9K
WT icon
1448
WisdomTree
WT
$3.42B
$185K 0.01%
35,500
+380
+1% +$2.15K
ESTE
1449
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$185K 0.01%
56,850
– –
GEF icon
1450
Greif
GEF
$5.06B
$184K 0.01%
4,850
– –
56 57
58
59 60

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VAS
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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
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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.