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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
SSD icon
376
Simpson Manufacturing
SSD
$8B
$998K 0.03%
12,440
+330
+3% +$25.7K
AMED
377
DELISTED
Amedisys
AMED
$997K 0.03%
5,970
+70
+1% +$10.4K
KEX icon
378
Kirby Corp
KEX
$7.26B
$995K 0.03%
11,110
+120
+1% +$9.94K
NX icon
379
Quanex
NX
$981M
$995K 0.03%
58,270
+200
+0.3% +$3.76K
UNM icon
380
Unum
UNM
$14.7B
$992K 0.03%
34,020
+17,970
+112% +$523K
ETSY icon
381
Etsy
ETSY
$7.4B
$990K 0.03%
22,340
+240
+1% +$11.4K
EXEL icon
382
Exelixis
EXEL
$12.5B
$990K 0.03%
56,190
+620
+1% +$10.5K
LUV icon
383
Southwest Airlines
LUV
$22B
$989K 0.03%
18,320
+11,470
+167% +$636K
TXT icon
384
Textron
TXT
$15.1B
$981K 0.03%
21,990
-1,480
-6% -$68.6K
EV
385
DELISTED
Eaton Vance Corp.
EV
$979K 0.03%
20,970
+230
+1% +$10.6K
AWR icon
386
American States Water
AWR
$3.52B
$976K 0.03%
11,270
+220
+2% +$19.5K
PEN icon
387
Penumbra
PEN
$12.9B
$976K 0.03%
5,940
+70
+1% +$11.1K
SNX icon
388
TD Synnex
SNX
$20.4B
$976K 0.03%
15,154
+160
+1% +$9.65K
FR icon
389
First Industrial Realty Trust
FR
$8.4B
$974K 0.03%
23,460
+250
+1% +$10.3K
PNR icon
390
Pentair
PNR
$10.7B
$974K 0.03%
21,240
+19,090
+888% +$806K
TREX icon
391
Trex
TREX
$5.1B
$974K 0.03%
21,680
+240
+1% +$10.6K
AVA icon
392
Avista
AVA
$3.24B
$973K 0.03%
20,230
+420
+2% +$20K
HQY icon
393
HealthEquity
HQY
$8.83B
$970K 0.03%
13,100
+140
+1% +$8.73K
CNMD icon
394
CONMED
CNMD
$1.49B
$968K 0.03%
8,660
+170
+2% +$18.1K
RF icon
395
Regions Financial
RF
$27B
$968K 0.03%
56,410
+42,190
+297% +$695K
INTU icon
396
Intuit
INTU
$98B
$967K 0.03%
3,690
+50
+1% +$13.1K
ISRG icon
397
Intuitive Surgical
ISRG
$142B
$964K 0.03%
4,890
-5,370
-52% -$1.01M
ONB icon
398
Old National Bancorp
ONB
$10.4B
$964K 0.03%
52,710
+1,040
+2% +$18.7K
OPY icon
399
Oppenheimer Holdings
OPY
$1.23B
$964K 0.03%
35,070
– –
FHN icon
400
First Horizon
FHN
$12.3B
$960K 0.03%
57,960
+630
+1% +$10.2K
14 15
16
17 18

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SFM
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AI
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PEA
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SUT
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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.