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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DE icon
451
Deere & Co
DE
$165B
$623K 0.02%
4,510
+60
+1% +$9.49K
CCMP
452
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$623K 0.02%
5,460
+70
+1% +$9.77K
GPN icon
453
Global Payments
GPN
$25.1B
$622K 0.02%
4,310
+60
+1% +$11K
IBKR icon
454
Interactive Brokers
IBKR
$41.4B
$622K 0.02%
57,600
+640
+1% +$7.74K
MEDP icon
455
Medpace
MEDP
$16.2B
$622K 0.02%
8,480
+180
+2% +$15.6K
AIG icon
456
American International
AIG
$39.8B
$621K 0.02%
25,610
+140
+0.5% +$6K
MRSH
457
Marsh
MRSH
$90B
$621K 0.02%
7,180
– –
FITB
458
Fifth Third Bancorp
FITB
$52.5B
$619K 0.02%
41,680
– –
PGR icon
459
Progressive
PGR
$121B
$619K 0.02%
8,380
+100
+1% +$7.71K
B
460
DELISTED
Barnes Group Inc.
B
$618K 0.02%
14,770
+210
+1% +$11.8K
WSM icon
461
Williams-Sonoma
WSM
$28.5B
$617K 0.02%
29,020
– –
GMED icon
462
Globus Medical
GMED
$11.5B
$615K 0.02%
14,450
+230
+2% +$11.4K
KBAL
463
DELISTED
Kimball International
KBAL
$614K 0.02%
51,590
– –
JEF icon
464
Jefferies Financial Group
JEF
$12.9B
$613K 0.02%
46,903
-1,987
-4% -$37.9K
PWR icon
465
Quanta Services
PWR
$101B
$613K 0.02%
19,310
– –
ESE icon
466
ESCO Technologies
ESE
$7.79B
$611K 0.02%
8,050
+100
+1% +$9.13K
AMAT icon
467
Applied Materials
AMAT
$424B
$610K 0.02%
13,310
– –
ITRI icon
468
Itron
ITRI
$4.5B
$609K 0.02%
10,910
+160
+1% +$12.2K
NJR icon
469
New Jersey Resources
NJR
$5.64B
$609K 0.02%
17,920
+240
+1% +$9.37K
AAON icon
470
Aaon
AAON
$7.23B
$608K 0.02%
18,885
+225
+1% +$7.84K
LFUS icon
471
Littelfuse
LFUS
$11.4B
$608K 0.02%
4,560
– –
MANT
472
DELISTED
Mantech International Corp
MANT
$606K 0.02%
8,340
+140
+2% +$10.9K
NFG icon
473
National Fuel Gas
NFG
$7.75B
$604K 0.02%
16,200
+190
+1% +$7.79K
EBF icon
474
Ennis
EBF
$559M
$602K 0.02%
32,050
– –
HZO icon
475
MarineMax
HZO
$1.15B
$600K 0.02%
57,550
– –
17 18
19
20 21

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
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
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.