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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
FITB
251
Fifth Third Bancorp
FITB
$52.5B
$1.28M 0.04%
41,680
+5,810
+16% +$170K
KEY icon
252
KeyCorp
KEY
$24.6B
$1.28M 0.04%
63,330
-11,780
-16% -$222K
EHC icon
253
Encompass Health
EHC
$12.2B
$1.27M 0.04%
23,003
+251
+1% +$13.6K
PB icon
254
Prosperity Bancshares
PB
$8.97B
$1.26M 0.04%
17,590
+4,920
+39% +$347K
TG icon
255
Tredegar Corp
TG
$278M
$1.26M 0.04%
56,580
+150
+0.3% +$3.15K
ACM icon
256
Aecom
ACM
$8.19B
$1.26M 0.04%
29,260
+320
+1% +$13.3K
ROK icon
257
Rockwell Automation
ROK
$49.5B
$1.26M 0.04%
6,200
-580
-9% -$107K
PFG icon
258
Principal Financial Group
PFG
$24.6B
$1.25M 0.04%
22,800
+19,160
+526% +$1.05M
BKNG icon
259
Booking.com
BKNG
$160B
$1.25M 0.04%
15,250
-12,500
-45% -$982K
LHCG
260
DELISTED
LHC Group LLC
LHCG
$1.25M 0.04%
9,067
+250
+3% +$31.1K
DAY
261
DELISTED
Dayforce
DAY
$1.25M 0.04%
+18,370
New +$1.01M
EL icon
262
Estee Lauder
EL
$31.6B
$1.24M 0.04%
6,010
-580
-9% -$113K
WWD icon
263
Woodward
WWD
$21.2B
$1.24M 0.04%
10,440
+110
+1% +$12.4K
HCA icon
264
HCA Healthcare
HCA
$89.1B
$1.23M 0.04%
8,340
+4,590
+122% +$616K
A icon
265
Agilent Technologies
A
$42.2B
$1.23M 0.04%
14,410
-3,950
-22% -$311K
CDK
266
DELISTED
CDK Global, Inc.
CDK
$1.23M 0.04%
22,480
+240
+1% +$12.3K
CIEN icon
267
Ciena
CIEN
$62.7B
$1.23M 0.04%
28,770
+310
+1% +$11.8K
CFG icon
268
Citizens Financial Group
CFG
$31.2B
$1.23M 0.04%
30,170
– –
RDUS
269
DELISTED
Radius Recycling
RDUS
$1.23M 0.04%
56,500
– –
CBZ icon
270
CBIZ
CBZ
$2.96B
$1.21M 0.04%
45,020
– –
PBCT
271
DELISTED
People's United Financial Inc
PBCT
$1.21M 0.04%
71,840
-29,720
-29% -$487K
FAF icon
272
First American
FAF
$7.56B
$1.21M 0.04%
20,790
+220
+1% +$13.4K
CASH icon
273
Pathward Financial
CASH
$1.79B
$1.21M 0.04%
33,080
+210
+0.6% +$7.15K
SYF icon
274
Synchrony
SYF
$26.1B
$1.21M 0.04%
33,540
+4,200
+14% +$150K
GBCI icon
275
Glacier Bancorp
GBCI
$6.48B
$1.21M 0.04%
26,220
+740
+3% +$32K
9 10
11
12 13

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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.