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
DPLO
1601
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
$83K ﹤0.01%
16,930
– –
FLS icon
1602
Flowserve
FLS
$10.3B
$82K ﹤0.01%
1,760
– –
HCI icon
1603
HCI Group
HCI
$2.28B
$82K ﹤0.01%
1,960
-170
-8% -$7K
BFH icon
1604
Bread Financial
BFH
$4.46B
$81K ﹤0.01%
789
– –
PNR icon
1605
Pentair
PNR
$10.5B
$81K ﹤0.01%
2,150
– –
JCP
1606
DELISTED
J.C. Penney Company, Inc.
JCP
$80K ﹤0.01%
89,640
-4,910
-5% -$4.12K
HOG icon
1607
Harley-Davidson
HOG
$2.7B
$79K ﹤0.01%
2,190
– –
CDR
1608
DELISTED
Cedar Realty Trust, Inc
CDR
$78K ﹤0.01%
3,918
– –
RRD
1609
DELISTED
RR Donnelley & Sons Co.
RRD
$77K ﹤0.01%
20,490
– –
ARLO icon
1610
Arlo Technologies
ARLO
$1.5B
$76K ﹤0.01%
22,208
– –
IVC
1611
DELISTED
Invacare Corporation
IVC
$76K ﹤0.01%
10,170
+440
+5% +$2.47K
BGG
1612
DELISTED
Briggs & Stratton Corp.
BGG
$76K ﹤0.01%
12,590
– –
CBB
1613
DELISTED
Cincinnati Bell Inc.
CBB
$76K ﹤0.01%
14,990
– –
TTI icon
1614
TETRA Technologies
TTI
$1.29B
$74K ﹤0.01%
36,850
-139,100
-79% -$239K
MTUS icon
1615
Metallus
MTUS
$900M
$74K ﹤0.01%
11,750
– –
NWSA icon
1616
News Corp Class A
NWSA
$15.5B
$72K ﹤0.01%
5,180
– –
CPRI icon
1617
Capri Holdings
CPRI
$1.77B
$70K ﹤0.01%
2,110
– –
JEF icon
1618
Jefferies Financial Group
JEF
$12.6B
$70K ﹤0.01%
3,954
-269
-6% -$4.79K
VRTV
1619
DELISTED
VERITIV CORPORATION
VRTV
$70K ﹤0.01%
3,870
+150
+4% +$2.58K
FOX icon
1620
Fox Class B
FOX
$23.5B
$69K ﹤0.01%
2,196
– –
EXPR
1621
DELISTED
Express, Inc.
EXPR
$69K ﹤0.01%
1,009
-53
-5% -$2.6K
LOCO icon
1622
El Pollo Loco
LOCO
$463M
$68K ﹤0.01%
6,190
-470
-7% -$4.97K
ROL icon
1623
Rollins
ROL
$17.6B
$67K ﹤0.01%
2,963
– –
FRGI
1624
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
$67K ﹤0.01%
6,430
-7,410
-54% -$77.4K
TLRD
1625
DELISTED
Tailored Brands, Inc.
TLRD
$67K ﹤0.01%
15,120
-47,150
-76% -$239K
63 64
65
66 67

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
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
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

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.