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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
TBHC
1551
DELISTED
The Brand House Collective
TBHC
$122K ﹤0.01%
79,300
-18,480
-19% -$28.7K
GPOR
1552
DELISTED
Gulfport Energy Corp.
GPOR
$120K ﹤0.01%
44,180
-24,560
-36% -$82K
CAMP
1553
DELISTED
CalAmp Corp.
CAMP
$117K ﹤0.01%
441
– –
AMAG
1554
DELISTED
AMAG Pharmaceuticals
AMAG
$117K ﹤0.01%
10,170
-210
-2% -$2.21K
EXTN
1555
DELISTED
Exterran Corporation
EXTN
$116K ﹤0.01%
8,890
-480
-5% -$5.8K
TR icon
1556
Tootsie Roll Industries
TR
$3.06B
$115K ﹤0.01%
3,813
-442
-10% -$13.3K
UIS icon
1557
Unisys
UIS
$208M
$115K ﹤0.01%
15,510
+310
+2% +$2.76K
CCRN
1558
DELISTED
Cross Country Healthcare
CCRN
$114K ﹤0.01%
11,030
+400
+4% +$3.94K
GPRE icon
1559
Green Plains
GPRE
$1.08B
$114K ﹤0.01%
10,770
-20,190
-65% -$193K
LCI
1560
DELISTED
Lannett Company, Inc.
LCI
$114K ﹤0.01%
2,555
– –
FSB
1561
DELISTED
Franklin Financial Network, Inc.
FSB
$113K ﹤0.01%
3,730
+80
+2% +$2.31K
AIV
1562
Aimco
AIV
$378M
$112K ﹤0.01%
16,140
– –
ALK icon
1563
Alaska Air
ALK
$5.34B
$112K ﹤0.01%
1,730
+70
+4% +$4.41K
IIIN icon
1564
Insteel Industries
IIIN
$630M
$112K ﹤0.01%
5,460
-4,470
-45% -$88.9K
PETS icon
1565
PetMed Express
PETS
$42.1M
$111K ﹤0.01%
6,160
– –
ACH
1566
Accendra Health
ACH
$87.7M
$110K ﹤0.01%
18,860
+840
+5% +$3.77K
ABMD
1567
DELISTED
Abiomed Inc
ABMD
$110K ﹤0.01%
620
– –
MDR
1568
DELISTED
McDermott International
MDR
$110K ﹤0.01%
54,520
+21,090
+63% +$130K
NWL icon
1569
Newell Brands
NWL
$2.66B
$108K ﹤0.01%
5,770
– –
PDFS icon
1570
PDF Solutions
PDFS
$2.16B
$108K ﹤0.01%
8,300
– –
DISH
1571
DELISTED
DISH Network Corp.
DISH
$108K ﹤0.01%
3,180
– –
AIZ icon
1572
Assurant
AIZ
$13.9B
$107K ﹤0.01%
850
– –
APEI icon
1573
American Public Education
APEI
$842M
$107K ﹤0.01%
4,810
-80
-2% -$2.2K
AKRX
1574
DELISTED
Akorn Inc
AKRX
$107K ﹤0.01%
28,170
– –
DO
1575
DELISTED
Diamond Offshore Drilling
DO
$107K ﹤0.01%
19,320
– –
61 62
63
64 65

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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.