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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
ITT icon
276
ITT
ITT
$19.4B
$1.21M 0.04%
16,320
+180
+1% +$12K
AMP icon
277
Ameriprise Financial
AMP
$50.4B
$1.21M 0.04%
7,230
-2,150
-23% -$333K
STT icon
278
State Street
STT
$52.2B
$1.2M 0.04%
15,230
-3,860
-20% -$272K
OSK icon
279
Oshkosh
OSK
$9.41B
$1.2M 0.04%
12,690
+140
+1% +$12.1K
ACC
280
DELISTED
American Campus Communities, Inc.
ACC
$1.2M 0.04%
25,490
+280
+1% +$13.4K
BRX icon
281
Brixmor Property Group
BRX
$9.21B
$1.19M 0.04%
55,250
+610
+1% +$13K
FOXA icon
282
Fox Class A
FOXA
$27.5B
$1.19M 0.04%
32,130
+27,240
+557% +$933K
RVTY icon
283
Revvity
RVTY
$13.1B
$1.18M 0.04%
12,200
+50
+0.4% +$4.46K
ORI icon
284
Old Republic International
ORI
$10.3B
$1.18M 0.04%
52,870
+580
+1% +$13.2K
EOG icon
285
EOG Resources
EOG
$74.2B
$1.18M 0.04%
14,020
+1,100
+9% +$80.6K
CTSH icon
286
Cognizant
CTSH
$26.7B
$1.17M 0.04%
18,940
-6,420
-25% -$397K
RCL icon
287
Royal Caribbean
RCL
$82.9B
$1.17M 0.04%
8,790
+6,380
+265% +$744K
SNA icon
288
Snap-on
SNA
$20.9B
$1.17M 0.04%
6,900
+870
+14% +$142K
REGN icon
289
Regeneron Pharmaceuticals
REGN
$83B
$1.16M 0.04%
3,100
+370
+14% +$124K
DXPE icon
290
DXP Enterprises
DXPE
$3B
$1.16M 0.04%
29,110
+80
+0.3% +$2.98K
UPS icon
291
United Parcel Service
UPS
$89.8B
$1.16M 0.04%
9,900
+110
+1% +$13K
DNKN
292
DELISTED
Dunkin' Brands Group, Inc.
DNKN
$1.16M 0.04%
15,340
+160
+1% +$12.1K
VRS
293
DELISTED
Verso Corporation
VRS
$1.16M 0.04%
64,200
– –
CACI icon
294
CACI
CACI
$14.8B
$1.16M 0.04%
4,620
+60
+1% +$14K
INGR icon
295
Ingredion
INGR
$6.63B
$1.15M 0.04%
12,380
+140
+1% +$11.8K
GLW icon
296
Corning
GLW
$137B
$1.15M 0.04%
39,510
+3,710
+10% +$108K
PK icon
297
Park Hotels & Resorts
PK
$3.03B
$1.15M 0.04%
44,470
+490
+1% +$11.7K
OXY icon
298
Occidental Petroleum
OXY
$57.7B
$1.15M 0.04%
27,830
+140
+0.5% +$5.61K
SON icon
299
Sonoco
SON
$5.77B
$1.15M 0.04%
18,560
+200
+1% +$11.8K
OFG icon
300
OFG Bancorp
OFG
$2.26B
$1.14M 0.04%
48,310
+300
+0.6% +$6.55K
10 11
12
13 14

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VAS
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SFM
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AI
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PEA
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SUT
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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.