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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
AMP icon
176
Ameriprise Financial
AMP
$49.9B
$1.38M 0.05%
9,380
– –
SEIC icon
177
SEI Investments
SEIC
$12.7B
$1.38M 0.05%
23,270
-600
-3% -$34.7K
NDSN icon
178
Nordson
NDSN
$17.2B
$1.37M 0.05%
9,390
-150
-2% -$20.8K
AMT icon
179
American Tower
AMT
$80.4B
$1.37M 0.05%
6,200
+90
+1% +$19.6K
TECH icon
180
Bio-Techne
TECH
$11.3B
$1.37M 0.05%
27,920
– –
MRCY icon
181
Mercury Systems
MRCY
$6.62B
$1.35M 0.05%
16,640
+350
+2% +$27.6K
SRE icon
182
Sempra
SRE
$56.4B
$1.35M 0.05%
18,280
+100
+0.6% +$7K
SLG icon
183
SL Green Realty
SLG
$4.1B
$1.34M 0.05%
16,952
– –
KEY icon
184
KeyCorp
KEY
$24.7B
$1.34M 0.05%
75,110
– –
MASI
185
DELISTED
Masimo
MASI
$1.34M 0.05%
9,000
-40
-0.4% -$6.08K
KRC icon
186
Kilroy Realty
KRC
$4.31B
$1.33M 0.05%
17,040
-1,630
-9% -$126K
MYRG icon
187
MYR Group
MYRG
$5.15B
$1.33M 0.05%
42,400
-5,380
-11% -$173K
LH icon
188
Labcorp
LH
$26.2B
$1.32M 0.05%
9,172
+23
+0.3% +$3.36K
POST icon
189
Post Holdings
POST
$3.69B
$1.32M 0.05%
19,069
+229
+1% +$15.6K
UPBD icon
190
Upbound Group
UPBD
$1.14B
$1.32M 0.05%
51,070
-6,040
-11% -$159K
JLL icon
191
Jones Lang LaSalle
JLL
$16.9B
$1.31M 0.05%
9,450
+1,020
+12% +$141K
CHRW icon
192
C.H. Robinson
CHRW
$17.3B
$1.31M 0.05%
15,490
– –
BIO icon
193
Bio-Rad Laboratories Class A
BIO
$9.64B
$1.31M 0.05%
3,940
+220
+6% +$71.8K
EL icon
194
Estee Lauder
EL
$31.9B
$1.31M 0.05%
6,590
+60
+0.9% +$11.5K
HBAN icon
195
Huntington Bancshares
HBAN
$36.3B
$1.31M 0.05%
91,870
– –
HUBB icon
196
Hubbell
HUBB
$26.8B
$1.31M 0.05%
9,980
-120
-1% -$15.5K
PPL
197
PPL Corp
PPL
$26.8B
$1.31M 0.05%
41,590
+220
+0.5% +$6.65K
ADUS icon
198
Addus HomeCare
ADUS
$2.23B
$1.31M 0.05%
16,510
+940
+6% +$76.1K
OLED icon
199
Universal Display
OLED
$4.22B
$1.31M 0.05%
7,780
-60
-0.8% -$12K
QCOM icon
200
Qualcomm
QCOM
$175B
$1.3M 0.05%
17,060
+290
+2% +$21.8K
6 7
8
9 10

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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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.