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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
HZO icon
401
MarineMax
HZO
$1.15B
$960K 0.03%
57,550
– –
TFX icon
402
Teleflex
TFX
$5.82B
$959K 0.03%
2,550
+1,910
+298% +$658K
BIIB icon
403
Biogen
BIIB
$31.1B
$955K 0.03%
3,220
-330
-9% -$91.6K
SYK icon
404
Stryker
SYK
$131B
$955K 0.03%
4,550
+200
+5% +$41.5K
BC icon
405
Brunswick
BC
$5.29B
$954K 0.03%
15,900
+170
+1% +$9.83K
JNPR
406
DELISTED
Juniper Networks
JNPR
$953K 0.03%
38,690
-10,650
-22% -$262K
SPGI icon
407
S&P Global
SPGI
$125B
$953K 0.03%
3,490
+50
+1% +$13K
PFBC icon
408
Preferred Bank
PFBC
$1.28B
$952K 0.03%
15,840
+90
+0.6% +$4.94K
MANH icon
409
Manhattan Associates
MANH
$11.7B
$951K 0.03%
11,930
+130
+1% +$10.3K
MLR icon
410
Miller Industries
MLR
$640M
$951K 0.03%
25,610
– –
NRG icon
411
NRG Energy
NRG
$25.2B
$949K 0.03%
23,880
– –
UNF icon
412
Unifirst Corp
UNF
$5.21B
$949K 0.03%
4,700
+90
+2% +$18.3K
TECD
413
DELISTED
Tech Data Corp
TECD
$948K 0.03%
6,600
+70
+1% +$9K
HE icon
414
Hawaiian Electric Industries
HE
$2.04B
$947K 0.03%
20,210
+220
+1% +$9.86K
TOL icon
415
Toll Brothers
TOL
$14B
$947K 0.03%
23,960
+260
+1% +$10.4K
TFIN icon
416
Triumph Financial Inc
TFIN
$1.87B
$946K 0.03%
24,870
+150
+0.6% +$5.18K
HIW icon
417
Highwoods Properties
HIW
$3.51B
$941K 0.03%
19,240
+210
+1% +$9.71K
IVZ icon
418
Invesco
IVZ
$14.3B
$940K 0.03%
52,330
+46,800
+846% +$798K
LSI
419
DELISTED
Life Storage, Inc.
LSI
$937K 0.03%
12,975
+135
+1% +$9.65K
FISV
420
Fiserv Inc
FISV
$29.5B
$935K 0.03%
8,090
+90
+1% +$9.94K
SFNC icon
421
Simmons First National
SFNC
$3.46B
$934K 0.03%
34,880
+6,000
+21% +$151K
SLAB icon
422
Silicon Laboratories
SLAB
$7.28B
$932K 0.03%
8,040
+90
+1% +$9.87K
NATI
423
DELISTED
National Instruments Corp
NATI
$932K 0.03%
22,020
+240
+1% +$10K
SJI
424
DELISTED
South Jersey Industries, Inc.
SJI
$932K 0.03%
28,270
+550
+2% +$17.3K
NEO icon
425
NeoGenomics
NEO
$2.11B
$930K 0.03%
31,780
+910
+3% +$21.7K
15 16
17
18 19

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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.