We are live on ! Find out more
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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AROC icon
326
Archrock
AROC
$5.88B
– –
-39,070
Closed -$147K
ARR
327
Armour Residential REIT
ARR
$2.37B
– –
-3,622
Closed -$160K
ARWR icon
328
Arrowhead Research
ARWR
$12.2B
– –
-18,790
Closed -$541K
ARW icon
329
Arrow Electronics
ARW
$10.7B
– –
-15,420
Closed -$800K
ASB icon
330
Associated Banc-Corp
ASB
$6.08B
– –
-30,080
Closed -$385K
EFOR
331
Everforth Inc
EFOR
$1.33B
– –
-9,810
Closed -$346K
ASH icon
332
Ashland
ASH
$3.38B
– –
-11,230
Closed -$562K
ASIX icon
333
AdvanSix
ASIX
$444M
– –
-8,510
Closed -$81K
ASTE icon
334
Astec Industries
ASTE
$989M
– –
-6,900
Closed -$241K
CVSA
335
Covista Inc
CVSA
$4.53B
– –
-10,100
Closed -$271K
ATI icon
336
ATI
ATI
$31.4B
– –
-23,390
Closed -$199K
ATNI icon
337
ATN International
ATNI
$492M
– –
-3,330
Closed -$196K
ATO icon
338
Atmos Energy
ATO
$28.7B
– –
-1,670
Closed -$166K
ATR icon
339
AptarGroup
ATR
$8.44B
– –
-12,000
Closed -$1.19M
AVA icon
340
Avista
AVA
$3.24B
– –
-20,670
Closed -$878K
AVAV icon
341
AeroVironment
AVAV
$9.53B
– –
-6,690
Closed -$408K
AVB icon
342
AvalonBay Communities
AVB
$26.3B
– –
-1,980
Closed -$291K
AVD icon
343
American Vanguard Corp
AVD
$64.6M
– –
-8,130
Closed -$118K
AVNS
344
DELISTED
Avanos Medical
AVNS
– –
-8,800
Closed -$237K
AVNT icon
345
Avient
AVNT
$4.2B
– –
-16,940
Closed -$321K
AVT icon
346
Avnet
AVT
$7.94B
– –
-19,220
Closed -$482K
AWK icon
347
American Water Works
AWK
$27.1B
– –
-2,590
Closed -$310K
AWR icon
348
American States Water
AWR
$3.51B
– –
-11,410
Closed -$933K
AX icon
349
Axos Financial
AX
$5.75B
– –
-16,520
Closed -$300K
DCH
350
Dauch Corp
DCH
$1.58B
– –
-34,420
Closed -$124K
12 13
14
15 16

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
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
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.