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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
+5.43%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.09B
AUM Growth
+$474M
Cap. Flow
+$340M
Cap. Flow %
10.99%
Top 10 Hldgs %
39.72%
Holding
1,708
New
30
Increased
1,089
Reduced
188
Closed
43

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$117M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$115M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$110M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$67.9M
5
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.9M

Top Sells

Rank Stock Value
1
PYPL icon
PayPal
PYPL
+$3.3M
2
AVGO icon
Broadcom
AVGO
+$3.25M
3
ALLE icon
Allegion
ALLE
+$2.17M
4
NVR icon
NVR
NVR
+$2.15M
5
TMO icon
Thermo Fisher Scientific
TMO
+$2.01M

Sector Composition

Rank Sector Weight
1 Financials 8.41%
2 Technology 7.42%
3 Industrials 6.44%
4 Healthcare 5.36%
5 Consumer Discretionary 5.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZEUS
226
DELISTED
Olympic Steel
ZEUS
$1.36M 0.04%
76,010
– –
SNPS icon
227
Synopsys
SNPS
$78.8B
$1.34M 0.04%
9,660
-3,350
-26% -$460K
DEI icon
228
Douglas Emmett
DEI
$1.99B
$1.34M 0.04%
30,560
+290
+1% +$12.5K
TCF
229
DELISTED
TCF Financial Corporation Common Stock
TCF
$1.33M 0.04%
28,465
+310
+1% +$12.9K
AIV
230
Aimco
AIV
$379M
$1.33M 0.04%
193,375
+177,235
+1,098% +$1.25M
MPWR icon
231
Monolithic Power Systems
MPWR
$67B
$1.33M 0.04%
7,460
+80
+1% +$12.8K
TGT icon
232
Target
TGT
$70.6B
$1.33M 0.04%
10,360
+3,130
+43% +$367K
KFRC icon
233
Kforce
KFRC
$1.08B
$1.32M 0.04%
33,310
– –
FIVE icon
234
Five Below
FIVE
$13.4B
$1.32M 0.04%
10,330
+120
+1% +$15K
MO icon
235
Altria Group
MO
$109B
$1.32M 0.04%
26,470
+210
+0.8% +$9.91K
EWBC icon
236
East-West Bancorp
EWBC
$18.6B
$1.31M 0.04%
27,000
+300
+1% +$13.5K
OC icon
237
Owens Corning
OC
$12.3B
$1.31M 0.04%
20,180
+220
+1% +$14.1K
NUE icon
238
Nucor
NUE
$61.8B
$1.31M 0.04%
23,330
-6,010
-20% -$328K
LOW icon
239
Lowe's Companies
LOW
$122B
$1.31M 0.04%
10,940
-160
-1% -$18.3K
AIG icon
240
American International
AIG
$39.8B
$1.31M 0.04%
25,470
+13,260
+109% +$703K
ARW icon
241
Arrow Electronics
ARW
$10.6B
$1.31M 0.04%
15,420
+170
+1% +$13.5K
EG icon
242
Everest Group
EG
$14B
$1.3M 0.04%
4,710
+4,150
+741% +$1.09M
GIS icon
243
General Mills
GIS
$20.8B
$1.3M 0.04%
24,310
+15,900
+189% +$838K
EXPE icon
244
Expedia Group
EXPE
$39.4B
$1.3M 0.04%
12,030
+10,090
+520% +$1.18M
AZO icon
245
AutoZone
AZO
$49.6B
$1.3M 0.04%
1,090
+740
+211% +$855K
CHE icon
246
Chemed
CHE
$7.02B
$1.3M 0.04%
2,950
+30
+1% +$12.6K
PRAH
247
DELISTED
PRA Health Sciences, Inc.
PRAH
$1.29M 0.04%
11,650
+130
+1% +$13.4K
EW icon
248
Edwards Lifesciences
EW
$53.4B
$1.29M 0.04%
16,590
+7,800
+89% +$609K
VFC icon
249
VF Corp
VFC
$5.79B
$1.29M 0.04%
12,940
-420
-3% -$37.6K
RJF icon
250
Raymond James Financial
RJF
$34.8B
$1.29M 0.04%
21,570
+18,975
+731% +$1.1M
8 9
10
11 12

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AI
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Municipal Employees' Retirement System of Michigan's Q4 2019 Portfolio in Review

As of Q4 2019, Municipal Employees' Retirement System of Michigan held 1,708 positions worth $3.09B, up 18% from $2.62B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $340M of net new capital in Q4 2019, opening 30 new positions and adding to 1,089 existing holdings. Its largest new stake was State Street SPDR Portfolio Short Term Treasury ETF: 3,892,251 shares worth $117M.

By sector, the portfolio is most concentrated in Financials at 8.4% of assets, down from 8.8% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was PayPal, an estimated $3.3M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2019 buy was State Street SPDR Portfolio Short Term Treasury ETF: 3,892,251 shares worth $117M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q4 2019, an estimated $115M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2019 reduction was PayPal, cutting an estimated $3.3M.
  • Municipal Employees' Retirement System of Michigan fully exited Genesee & Wyoming Inc. in Q4 2019, selling an estimated $1.15M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 40% of its $3.09B portfolio in Q4 2019.
  • Municipal Employees' Retirement System of Michigan opened 30 new positions and closed 43 in Q4 2019.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 18% quarter-over-quarter to $3.09B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2019, filed 3 Feb 2020.