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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
UFPI icon
451
UFP Industries
UFPI
$5.03B
$896K 0.03%
18,780
+370
+2% +$17.4K
ZTS icon
452
Zoetis
ZTS
$31.3B
$896K 0.03%
6,770
+50
+0.7% +$6.21K
BSX icon
453
Boston Scientific
BSX
$74.9B
$893K 0.03%
19,740
+220
+1% +$9.21K
CROX icon
454
Crocs
CROX
$6.36B
$892K 0.03%
21,300
+2,500
+13% +$87.3K
ZUMZ icon
455
Zumiez
ZUMZ
$319M
$892K 0.03%
25,840
+430
+2% +$13.6K
SPWH icon
456
Sportsman's Warehouse
SPWH
$46.8M
$891K 0.03%
110,950
– –
AMN icon
457
AMN Healthcare
AMN
$1.34B
$890K 0.03%
14,280
+260
+2% +$15.4K
BKH icon
458
Black Hills Corp
BKH
$5.64B
$890K 0.03%
11,330
+130
+1% +$10K
AGN
459
DELISTED
Allergan plc
AGN
$889K 0.03%
4,651
+320
+7% +$57.7K
CRUS icon
460
Cirrus Logic
CRUS
$6.08B
$888K 0.03%
10,780
+110
+1% +$7.45K
POWI icon
461
Power Integrations
POWI
$3.48B
$888K 0.03%
17,960
+320
+2% +$14.8K
FFIN icon
462
First Financial Bankshares
FFIN
$5.04B
$884K 0.03%
25,190
+270
+1% +$9.3K
TNL icon
463
Travel + Leisure Co
TNL
$4.58B
$884K 0.03%
17,110
+190
+1% +$9.1K
MMS icon
464
Maximus
MMS
$2.94B
$881K 0.03%
11,840
+130
+1% +$9.77K
CVBF icon
465
CVB Financial
CVBF
$4.08B
$879K 0.03%
40,740
+800
+2% +$16.9K
CWCO icon
466
Consolidated Water Co
CWCO
$502M
$879K 0.03%
53,900
– –
INDB icon
467
Independent Bank
INDB
$4.05B
$876K 0.03%
10,520
+180
+2% +$14.7K
TTEK icon
468
Tetra Tech
TTEK
$9.33B
$874K 0.03%
50,700
+550
+1% +$9.53K
JBGS
469
JBG SMITH
JBGS
$692M
$873K 0.03%
21,890
+240
+1% +$9.49K
LFUS icon
470
Littelfuse
LFUS
$11.4B
$872K 0.03%
4,560
+50
+1% +$9.17K
MAT icon
471
Mattel
MAT
$4.25B
$868K 0.03%
64,090
+700
+1% +$8.3K
RTN
472
DELISTED
Raytheon Company
RTN
$868K 0.03%
3,950
-5,840
-60% -$1.23M
BRC icon
473
Brady Corp
BRC
$4.43B
$867K 0.03%
15,140
+290
+2% +$16.3K
DCO icon
474
Ducommun
DCO
$3.01B
$867K 0.03%
17,160
– –
QLYS icon
475
Qualys
QLYS
$6.78B
$861K 0.03%
10,330
+200
+2% +$16.6K
17 18
19
20 21

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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.