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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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
26
Mastercard
MA
$490B
$3.36M 0.08%
11,350
-14,450
-56% -$4.07M
BAC icon
27
Bank of America
BAC
$453B
$3.35M 0.08%
141,180
-85,760
-38% -$2.03M
ABBV icon
28
AbbVie
ABBV
$440B
$3.35M 0.08%
34,130
-32,360
-49% -$2.85M
META icon
29
Meta Platforms (Facebook)
META
$1.47T
$3.34M 0.08%
14,700
-38,550
-72% -$8.05M
JPM icon
30
JPMorgan Chase
JPM
$971B
$3.34M 0.08%
35,480
-37,460
-51% -$3.55M
CSCO icon
31
Cisco
CSCO
$488B
$3.33M 0.08%
71,440
-64,140
-47% -$2.81M
V icon
32
Visa
V
$671B
$3.32M 0.08%
17,200
-27,270
-61% -$4.98M
HD icon
33
Home Depot
HD
$342B
$3.32M 0.08%
13,260
-17,180
-56% -$3.93M
DIS icon
34
Walt Disney
DIS
$178B
$3.29M 0.08%
29,530
-22,155
-43% -$2.45M
ORCL icon
35
Oracle
ORCL
$442B
$3.27M 0.08%
59,070
-36,310
-38% -$1.92M
CRM icon
36
Salesforce
CRM
$158B
$3.26M 0.08%
17,390
-18,910
-52% -$3.19M
NEE icon
37
NextEra Energy
NEE
$179B
$3.25M 0.08%
54,200
-32,760
-38% -$1.96M
NFLX icon
38
Netflix
NFLX
$309B
$3.25M 0.08%
71,500
-120,100
-63% -$5.11M
MCD icon
39
McDonald's
MCD
$195B
$3.24M 0.08%
17,550
-10,790
-38% -$1.98M
T icon
40
AT&T
T
$166B
$3.23M 0.08%
141,509
-121,718
-46% -$2.77M
PG icon
41
Procter & Gamble
PG
$335B
$3.22M 0.08%
26,950
-36,630
-58% -$4.27M
LLY icon
42
Eli Lilly
LLY
$1.09T
$3.21M 0.08%
19,580
+7,450
+61% +$1.14M
GOOGL icon
43
Alphabet (Google) Class A
GOOGL
$4.2T
$3.19M 0.08%
45,000
-96,200
-68% -$6.49M
BRK.B icon
44
Berkshire Hathaway Class B
BRK.B
$1.09T
$3.19M 0.08%
17,870
-26,410
-60% -$4.82M
UNH icon
45
UnitedHealth
UNH
$364B
$3.17M 0.08%
10,730
-17,080
-61% -$4.89M
INTC icon
46
Intel
INTC
$509B
$3.16M 0.08%
52,880
-77,010
-59% -$4.61M
XOM icon
47
ExxonMobil
XOM
$657B
$3.13M 0.08%
69,980
-40,760
-37% -$1.83M
IBM icon
48
IBM
IBM
$222B
$3.1M 0.08%
26,851
-13,682
-34% -$1.59M
PM icon
49
Philip Morris
PM
$290B
$3.1M 0.08%
44,190
-20,700
-32% -$1.51M
MRK icon
50
Merck
MRK
$328B
$3.09M 0.08%
41,920
-40,631
-49% -$3.06M
1
2
3 4 5

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AI
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Municipal Employees' Retirement System of Michigan's Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.