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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
VLGEA icon
326
Village Super Market
VLGEA
$638M
$1.09M 0.04%
46,860
– –
CASY icon
327
Casey's General Stores
CASY
$31.6B
$1.08M 0.04%
6,820
+70
+1% +$11.6K
PII icon
328
Polaris
PII
$3.91B
$1.08M 0.04%
10,660
+120
+1% +$11.6K
MPC icon
329
Marathon Petroleum
MPC
$100B
$1.08M 0.04%
17,978
– –
HAE icon
330
Haemonetics
HAE
$4.11B
$1.08M 0.04%
9,420
+110
+1% +$13.3K
BLD
331
DELISTED
TopBuild
BLD
$1.08M 0.04%
10,490
+200
+2% +$20.8K
MAN icon
332
ManpowerGroup
MAN
$2.75B
$1.08M 0.03%
11,100
+120
+1% +$11K
SRCL
333
DELISTED
Stericycle Inc
SRCL
$1.08M 0.03%
16,900
+180
+1% +$10.6K
WPX
334
DELISTED
WPX Energy, Inc.
WPX
$1.08M 0.03%
78,350
+860
+1% +$9.18K
SKX
335
DELISTED
Skechers
SKX
$1.07M 0.03%
24,810
+270
+1% +$10.7K
JBL icon
336
Jabil
JBL
$38.8B
$1.07M 0.03%
25,810
+280
+1% +$10.7K
STRA icon
337
Strategic Education
STRA
$1.86B
$1.07M 0.03%
6,718
+130
+2% +$18.1K
WSM icon
338
Williams-Sonoma
WSM
$28.5B
$1.07M 0.03%
29,020
+320
+1% +$11.1K
KBAL
339
DELISTED
Kimball International
KBAL
$1.07M 0.03%
51,590
– –
SNV
340
DELISTED
Synovus
SNV
$1.06M 0.03%
27,180
-1,130
-4% -$41.5K
MXIM
341
DELISTED
Maxim Integrated Products
MXIM
$1.06M 0.03%
17,250
-390
-2% -$22.7K
HBAN icon
342
Huntington Bancshares
HBAN
$35.9B
$1.05M 0.03%
69,770
-22,100
-24% -$324K
CHRW icon
343
C.H. Robinson
CHRW
$17.5B
$1.05M 0.03%
13,430
-2,060
-13% -$164K
VIAV icon
344
Viavi Solutions
VIAV
$10.6B
$1.05M 0.03%
70,040
+1,380
+2% +$20.7K
ADP icon
345
Automatic Data Processing
ADP
$110B
$1.05M 0.03%
6,150
-11,310
-65% -$1.87M
TJX icon
346
TJX Companies
TJX
$170B
$1.05M 0.03%
17,140
– –
NEOG icon
347
Neogen
NEOG
$2.59B
$1.05M 0.03%
32,060
+660
+2% +$21.7K
RH icon
348
RH
RH
$3.4B
$1.04M 0.03%
4,890
+90
+2% +$17.6K
OMCL icon
349
Omnicell
OMCL
$1.72B
$1.04M 0.03%
12,750
+330
+3% +$25.3K
FLG
350
Flagstar Bank National Association
FLG
$5.92B
$1.04M 0.03%
28,897
+317
+1% +$11.7K
12 13
14
15 16

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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.