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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
ZEUS
326
DELISTED
Olympic Steel
ZEUS
$786K 0.02%
76,010
– –
UTHR icon
327
United Therapeutics
UTHR
$21.5B
$780K 0.02%
8,230
+100
+1% +$9.51K
FISV
328
Fiserv Inc
FISV
$28.5B
$778K 0.02%
8,190
+100
+1% +$11.1K
MHO icon
329
M/I Homes
MHO
$3.87B
$775K 0.02%
46,910
+270
+0.6% +$9.77K
SSD icon
330
Simpson Manufacturing
SSD
$8B
$775K 0.02%
12,500
+60
+0.5% +$4.69K
NOW icon
331
ServiceNow
NOW
$128B
$774K 0.02%
13,500
+200
+2% +$12.5K
SYK icon
332
Stryker
SYK
$131B
$768K 0.02%
4,610
+60
+1% +$11.7K
EQIX icon
333
Equinix
EQIX
$106B
$766K 0.02%
1,226
+20
+2% +$12K
LOGM
334
DELISTED
LogMein, Inc.
LOGM
$764K 0.02%
9,170
– –
LXP icon
335
LXP Industrial Trust
LXP
$3.58B
$763K 0.02%
15,358
+194
+1% +$10.3K
SMG icon
336
ScottsMiracle-Gro
SMG
$3.59B
$762K 0.02%
7,440
+130
+2% +$14.3K
FOXA icon
337
Fox Class A
FOXA
$27.1B
$759K 0.02%
32,130
– –
CTS icon
338
CTS Corp
CTS
$1.8B
$757K 0.02%
30,400
– –
AES icon
339
AES
AES
$10.5B
$756K 0.02%
55,620
– –
KNX icon
340
Knight Transportation
KNX
$11.9B
$756K 0.02%
23,060
+290
+1% +$10.3K
DHT icon
341
DHT Holdings
DHT
$3.1B
$755K 0.02%
98,470
– –
EGP icon
342
EastGroup Properties
EGP
$11B
$753K 0.02%
7,210
+240
+3% +$30.3K
HCA icon
343
HCA Healthcare
HCA
$88.7B
$753K 0.02%
8,380
+40
+0.5% +$5.18K
BLD
344
DELISTED
TopBuild
BLD
$752K 0.02%
10,490
– –
SNA icon
345
Snap-on
SNA
$20.9B
$751K 0.02%
6,900
– –
CWT icon
346
California Water Service
CWT
$3.1B
$750K 0.02%
14,910
+180
+1% +$9.34K
STRL icon
347
Sterling Infrastructure
STRL
$17B
$750K 0.02%
78,930
– –
CDK
348
DELISTED
CDK Global, Inc.
CDK
$748K 0.02%
22,780
+300
+1% +$14.3K
ITT icon
349
ITT
ITT
$19.3B
$747K 0.02%
16,460
+140
+0.9% +$8.68K
SEDG icon
350
SolarEdge
SEDG
$1.98B
$747K 0.02%
9,120
+220
+2% +$23.3K
12 13
14
15 16

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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
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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.