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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
BDX icon
351
Becton Dickinson
BDX
$49.6B
$1.04M 0.03%
3,917
+31
+0.8% +$7.73K
CFR icon
352
Cullen/Frost Bankers
CFR
$10.5B
$1.03M 0.03%
10,580
+120
+1% +$11.1K
TSN icon
353
Tyson Foods
TSN
$19.8B
$1.03M 0.03%
11,330
+7,190
+174% +$618K
JBLU icon
354
JetBlue
JBLU
$2.19B
$1.03M 0.03%
54,950
+600
+1% +$11.1K
SHOO icon
355
Steven Madden
SHOO
$3.46B
$1.03M 0.03%
23,890
+470
+2% +$19K
ZION icon
356
Zions Bancorporation
ZION
$10.5B
$1.03M 0.03%
19,770
-4,310
-18% -$209K
AYI icon
357
Acuity Brands
AYI
$10.8B
$1.02M 0.03%
7,400
+80
+1% +$10.3K
CDW icon
358
CDW
CDW
$17.8B
$1.02M 0.03%
+7,140
New +$945K
EMN icon
359
Eastman Chemical
EMN
$8.43B
$1.02M 0.03%
12,860
-3,190
-20% -$245K
UAL icon
360
United Airlines
UAL
$41B
$1.02M 0.03%
11,580
+1,500
+15% +$135K
CME icon
361
CME Group
CME
$96.1B
$1.02M 0.03%
5,070
+50
+1% +$10.3K
EPR icon
362
EPR Properties
EPR
$4.73B
$1.02M 0.03%
14,390
+260
+2% +$19.2K
PRI icon
363
Primerica
PRI
$9.62B
$1.01M 0.03%
7,770
+90
+1% +$11.6K
AJRD
364
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$1.01M 0.03%
22,150
+430
+2% +$19.5K
LNC icon
365
Lincoln National
LNC
$8.67B
$1.01M 0.03%
17,110
– –
LAD icon
366
Lithia Motors
LAD
$8.32B
$1.01M 0.03%
6,860
+130
+2% +$19.5K
SKYW icon
367
Skywest
SKYW
$4.21B
$1.01M 0.03%
15,580
+300
+2% +$18.3K
BCPC
368
Balchem Corp
BCPC
$5.65B
$1.01M 0.03%
9,900
+190
+2% +$19.2K
MGM icon
369
MGM Resorts International
MGM
$11.1B
$1M 0.03%
30,150
+22,990
+321% +$700K
THG icon
370
Hanover Insurance
THG
$7.77B
$1M 0.03%
7,340
+80
+1% +$10.8K
GWW icon
371
W.W. Grainger
GWW
$62.2B
$1M 0.03%
2,960
+350
+13% +$111K
IP icon
372
International Paper
IP
$21.8B
$1M 0.03%
22,979
– –
KR icon
373
Kroger
KR
$35.1B
$1M 0.03%
34,530
+23,210
+205% +$615K
IDA icon
374
Idacorp
IDA
$8.16B
$999K 0.03%
9,350
+100
+1% +$10.7K
JEF icon
375
Jefferies Financial Group
JEF
$12.9B
$999K 0.03%
48,890
+44,936
+1,136% +$850K
13 14
15
16 17

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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.