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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
SABR icon
301
Sabre
SABR
$892M
$1.14M 0.04%
50,760
+550
+1% +$12.2K
BEN icon
302
Franklin Resources
BEN
$17.2B
$1.14M 0.04%
43,720
+12,430
+40% +$338K
CCL icon
303
Carnival Corporation Ltd
CCL
$38.9B
$1.13M 0.04%
22,300
– –
KE
304
Kimball Electronics
KE
$626M
$1.13M 0.04%
64,480
– –
LITE icon
305
Lumentum
LITE
$78B
$1.13M 0.04%
14,260
+150
+1% +$9.82K
CPRT icon
306
Copart
CPRT
$27.2B
$1.13M 0.04%
49,560
+38,240
+338% +$816K
DGX icon
307
Quest Diagnostics
DGX
$26.1B
$1.13M 0.04%
10,540
+8,680
+467% +$905K
MDLZ icon
308
Mondelez International
MDLZ
$81.1B
$1.13M 0.04%
20,440
+220
+1% +$11.8K
VLO icon
309
Valero Energy
VLO
$98.7B
$1.13M 0.04%
12,020
– –
ANIK icon
310
Anika Therapeutics
ANIK
$283M
$1.12M 0.04%
21,680
+80
+0.4% +$4.65K
WH icon
311
Wyndham Hotels & Resorts
WH
$5.51B
$1.12M 0.04%
17,890
+200
+1% +$11.1K
HIBB
312
DELISTED
Hibbett, Inc. Common Stock
HIBB
$1.12M 0.04%
40,090
– –
CUZ icon
313
Cousins Properties
CUZ
$4.93B
$1.12M 0.04%
27,220
+290
+1% +$11.4K
CBU icon
314
Community Bank
CBU
$3.46B
$1.12M 0.04%
15,790
+310
+2% +$20.8K
CW icon
315
Curtiss-Wright
CW
$25.4B
$1.12M 0.04%
7,930
+90
+1% +$12.2K
MKSI icon
316
MKS Inc
MKSI
$20.7B
$1.11M 0.04%
10,110
+110
+1% +$11.5K
STRL icon
317
Sterling Infrastructure
STRL
$16.9B
$1.11M 0.04%
78,930
– –
LECO icon
318
Lincoln Electric
LECO
$15.5B
$1.11M 0.04%
11,460
+130
+1% +$11.8K
AES icon
319
AES
AES
$10.5B
$1.11M 0.04%
55,620
+260
+0.5% +$4.65K
NCLH icon
320
Norwegian Cruise Line
NCLH
$8.98B
$1.11M 0.04%
18,950
– –
EXPO icon
321
Exponent
EXPO
$3.24B
$1.1M 0.04%
15,890
+310
+2% +$20.5K
MDU icon
322
MDU Resources
MDU
$4.27B
$1.1M 0.04%
97,095
+1,052
+1% +$11.5K
CKH
323
DELISTED
Seacor Holdings Inc.
CKH
$1.1M 0.04%
25,410
+80
+0.3% +$3.5K
JBTM
324
JBT Marel
JBTM
$6.1B
$1.09M 0.04%
9,690
+190
+2% +$20.3K
WSO icon
325
Watsco Inc
WSO
$12.9B
$1.09M 0.04%
6,050
+70
+1% +$12.3K
11 12
13
14 15

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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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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.