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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
CNXN icon
126
PC Connection
CNXN
$2.03B
$1.67M 0.06%
43,010
– –
COP icon
127
ConocoPhillips
COP
$153B
$1.67M 0.06%
29,330
+150
+0.5% +$8.54K
OGE icon
128
OGE Energy
OGE
$9.69B
$1.67M 0.06%
36,720
-210
-0.6% -$9.1K
EVRG icon
129
Evergy
EVRG
$19.2B
$1.66M 0.06%
24,960
– –
OHI icon
130
Omega Healthcare
OHI
$13.9B
$1.66M 0.06%
39,730
+590
+2% +$23K
CAT icon
131
Caterpillar
CAT
$393B
$1.65M 0.06%
13,080
+40
+0.3% +$5.08K
CONE
132
DELISTED
CyrusOne Inc Common Stock
CONE
$1.64M 0.06%
20,770
+750
+4% +$50.1K
SYY icon
133
Sysco
SYY
$40.5B
$1.64M 0.06%
20,630
+100
+0.5% +$7.34K
RPM icon
134
RPM International
RPM
$14.7B
$1.64M 0.06%
23,790
-550
-2% -$36.4K
CMI icon
135
Cummins
CMI
$87.8B
$1.63M 0.06%
10,030
+40
+0.4% +$6.4K
LNT icon
136
Alliant Energy
LNT
$18.2B
$1.61M 0.06%
29,950
– –
FICO icon
137
Fair Isaac
FICO
$22.6B
$1.61M 0.06%
5,300
-70
-1% -$23.7K
WEX icon
138
WEX
WEX
$6.48B
$1.6M 0.06%
7,940
-30
-0.4% -$6.21K
MPT
139
Medical Properties Trust
MPT
$2.42B
$1.6M 0.06%
81,880
+11,420
+16% +$210K
SCI icon
140
Service Corp International
SCI
$11.5B
$1.6M 0.06%
33,460
-60
-0.2% -$2.82K
PBCT
141
DELISTED
People's United Financial Inc
PBCT
$1.59M 0.06%
101,560
– –
ALG icon
142
Alamo Group
ALG
$2.01B
$1.58M 0.06%
13,460
-1,020
-7% -$110K
CY
143
DELISTED
Cypress Semiconductor
CY
$1.58M 0.06%
67,750
+470
+0.7% +$10.7K
LII icon
144
Lennox International
LII
$14.5B
$1.57M 0.06%
6,470
-160
-2% -$41.3K
ELV icon
145
Elevance Health
ELV
$86.6B
$1.57M 0.06%
6,540
+50
+0.8% +$13.7K
RNR icon
146
RenaissanceRe
RNR
$13.2B
$1.57M 0.06%
8,100
+300
+4% +$55.8K
NEE icon
147
NextEra Energy
NEE
$179B
$1.57M 0.06%
26,880
+400
+2% +$21.6K
BRO icon
148
Brown & Brown
BRO
$23.8B
$1.54M 0.06%
42,830
-90
-0.2% -$3.22K
CGNX icon
149
Cognex
CGNX
$10.2B
$1.54M 0.06%
31,310
-270
-0.9% -$12.2K
JCI icon
150
Johnson Controls International
JCI
$92.6B
$1.53M 0.06%
34,857
-1,480
-4% -$62.7K
4 5
6
7 8

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SFM
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AI
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HI
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PEA
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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.