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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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FAF icon
251
First American
FAF
$7.43B
$894K 0.03%
21,080
+290
+1% +$16.6K
BDX icon
252
Becton Dickinson
BDX
$49.8B
$892K 0.03%
3,978
+61
+2% +$15.1K
NEO icon
253
NeoGenomics
NEO
$2.1B
$892K 0.03%
32,340
+560
+2% +$16.8K
CHRW icon
254
C.H. Robinson
CHRW
$17.5B
$889K 0.03%
13,430
– –
CME icon
255
CME Group
CME
$94.9B
$889K 0.03%
5,140
+70
+1% +$13.9K
TG icon
256
Tredegar Corp
TG
$276M
$884K 0.03%
56,580
– –
ACM icon
257
Aecom
ACM
$7.83B
$880K 0.03%
29,480
+220
+0.8% +$9.41K
CTSH icon
258
Cognizant
CTSH
$26.1B
$880K 0.03%
18,940
– –
HE icon
259
Hawaiian Electric Industries
HE
$2.05B
$880K 0.03%
20,450
+240
+1% +$11.1K
AVA icon
260
Avista
AVA
$3.24B
$878K 0.03%
20,670
+440
+2% +$21.2K
TREX icon
261
Trex
TREX
$5.1B
$878K 0.03%
21,900
+220
+1% +$10.3K
VRTX icon
262
Vertex Pharmaceuticals
VRTX
$133B
$878K 0.03%
3,690
+50
+1% +$11.5K
KMPR icon
263
Kemper
KMPR
$1.56B
$875K 0.03%
11,760
+140
+1% +$10.5K
PSX icon
264
Phillips 66
PSX
$91.3B
$873K 0.03%
16,270
– –
ADC icon
265
Agree Realty
ADC
$9.31B
$871K 0.03%
14,070
+1,230
+10% +$87.5K
SON icon
266
Sonoco
SON
$5.75B
$870K 0.03%
18,780
+220
+1% +$11.7K
MTB icon
267
M&T Bank
MTB
$36.7B
$867K 0.03%
8,380
– –
TECD
268
DELISTED
Tech Data Corp
TECD
$864K 0.03%
6,600
– –
CCI icon
269
Crown Castle
CCI
$32B
$861K 0.03%
5,960
+70
+1% +$10.4K
COP icon
270
ConocoPhillips
COP
$150B
$860K 0.03%
27,940
– –
ETSY icon
271
Etsy
ETSY
$7.35B
$859K 0.03%
22,340
– –
INTU icon
272
Intuit
INTU
$92.5B
$858K 0.03%
3,730
+40
+1% +$10.8K
EE
273
DELISTED
El Paso Electric Company
EE
$858K 0.03%
12,620
+140
+1% +$9.48K
CPRT icon
274
Copart
CPRT
$26.8B
$856K 0.03%
49,960
+400
+0.8% +$8.9K
PB icon
275
Prosperity Bancshares
PB
$8.96B
$855K 0.03%
17,720
+130
+0.7% +$8.46K
9 10
11
12 13

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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
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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 Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.