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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
DIS icon
26
Walt Disney
DIS
$181B
$7.44M 0.24%
51,435
+1,080
+2% +$151K
MRK icon
27
Merck
MRK
$334B
$7.15M 0.23%
82,425
-4,014
-5% -$330K
VZ icon
28
Verizon
VZ
$200B
$7.13M 0.23%
116,150
-220
-0.2% -$13.3K
PFE icon
29
Pfizer
PFE
$153B
$6.83M 0.22%
183,681
+9,497
+5% +$338K
CVX icon
30
Chevron
CVX
$388B
$6.8M 0.22%
56,410
+1,740
+3% +$205K
WFC icon
31
Wells Fargo
WFC
$266B
$6.74M 0.22%
125,240
-3,510
-3% -$184K
HD icon
32
Home Depot
HD
$341B
$6.63M 0.21%
30,370
-1,820
-6% -$412K
ADBE icon
33
Adobe
ADBE
$108B
$6.57M 0.21%
19,910
+550
+3% +$162K
KO icon
34
Coca-Cola
KO
$376B
$6.55M 0.21%
118,300
-7,410
-6% -$398K
CSCO icon
35
Cisco
CSCO
$447B
$6.48M 0.21%
135,080
+14,570
+12% +$677K
C icon
36
Citigroup
C
$233B
$6.42M 0.21%
80,310
-1,530
-2% -$113K
CMCSA icon
37
Comcast
CMCSA
$92.9B
$6.31M 0.2%
140,290
-4,340
-3% -$193K
NVDA icon
38
NVIDIA
NVDA
$5.46T
$6.21M 0.2%
1,054,800
-10,000
-0.9% -$52K
AMGN icon
39
Amgen
AMGN
$226B
$6.19M 0.2%
25,680
-2,250
-8% -$496K
NFLX icon
40
Netflix
NFLX
$326B
$6.18M 0.2%
191,000
+39,400
+26% +$1.17M
PEP icon
41
PepsiCo
PEP
$192B
$6.17M 0.2%
45,180
-1,420
-3% -$193K
ACN icon
42
Accenture
ACN
$109B
$5.93M 0.19%
28,150
+80
+0.3% +$15.6K
MDT icon
43
Medtronic
MDT
$116B
$5.89M 0.19%
51,920
-7,350
-12% -$807K
WMT icon
44
Walmart Inc
WMT
$921B
$5.88M 0.19%
148,560
-11,040
-7% -$438K
ABT icon
45
Abbott
ABT
$193B
$5.87M 0.19%
67,608
-2,900
-4% -$243K
ABBV icon
46
AbbVie
ABBV
$443B
$5.87M 0.19%
66,250
+1,940
+3% +$161K
CRM icon
47
Salesforce
CRM
$165B
$5.86M 0.19%
36,020
+2,590
+8% +$406K
BA icon
48
Boeing
BA
$182B
$5.79M 0.19%
17,770
+1,360
+8% +$481K
GOOG icon
49
Alphabet (Google) Class C
GOOG
$4.21T
$5.74M 0.19%
85,860
-200
-0.2% -$12.9K
NKE icon
50
Nike
NKE
$61.2B
$5.66M 0.18%
55,910
-700
-1% -$66K
1
2
3 4 5

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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.