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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
NJR icon
551
New Jersey Resources
NJR
$5.64B
$788K 0.03%
17,680
+1,170
+7% +$50.5K
RYN icon
552
Rayonier
RYN
$6.54B
$788K 0.03%
26,509
+298
+1% +$8.12K
SLB icon
553
SLB Ltd
SLB
$77.3B
$788K 0.03%
19,602
+160
+0.8% +$5.71K
PWR icon
554
Quanta Services
PWR
$101B
$786K 0.03%
19,310
-10,010
-34% -$408K
SJM icon
555
J.M. Smucker
SJM
$12.9B
$786K 0.03%
7,540
+5,960
+377% +$631K
LOGM
556
DELISTED
LogMein, Inc.
LOGM
$786K 0.03%
9,170
+100
+1% +$7.42K
SR icon
557
Spire
SR
$4.9B
$785K 0.03%
9,420
+100
+1% +$8.19K
UHS icon
558
Universal Health Services
UHS
$10.1B
$785K 0.03%
5,470
-2,740
-33% -$391K
NPKI
559
NPK International
NPKI
$1.18B
$785K 0.03%
125,170
+560
+0.4% +$3.65K
SF
560
Stifel
SF
$12.9B
$783K 0.03%
29,048
+315
+1% +$8.23K
VSAT icon
561
Viasat
VSAT
$11.4B
$782K 0.03%
10,690
+120
+1% +$8.58K
FMBI
562
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$780K 0.03%
33,810
+670
+2% +$14.3K
DGII icon
563
Digi International
DGII
$3.23B
$779K 0.03%
43,910
+160
+0.4% +$2.54K
ALE
564
DELISTED
Allete
ALE
$778K 0.03%
9,580
+100
+1% +$8.27K
CCMP
565
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$778K 0.03%
5,390
-3,320
-38% -$471K
WING icon
566
Wingstop
WING
$3.1B
$777K 0.03%
9,010
+180
+2% +$14.9K
FLO icon
567
Flowers Foods
FLO
$1.6B
$776K 0.03%
35,700
+390
+1% +$8.47K
GPN icon
568
Global Payments
GPN
$25.1B
$776K 0.03%
4,250
+240
+6% +$41.2K
SMG icon
569
ScottsMiracle-Gro
SMG
$3.59B
$776K 0.03%
7,310
+80
+1% +$8.18K
IOSP icon
570
Innospec
IOSP
$2.31B
$775K 0.03%
7,490
+120
+2% +$11.5K
SEM
571
DELISTED
Select Medical
SEM
$775K 0.03%
61,619
+1,058
+2% +$11.4K
DE icon
572
Deere & Co
DE
$165B
$771K 0.02%
4,450
-4,230
-49% -$729K
FCN icon
573
FTI Consulting
FCN
$4.24B
$770K 0.02%
6,960
-4,300
-38% -$470K
NSIT icon
574
Insight Enterprises
NSIT
$4.6B
$770K 0.02%
10,950
+180
+2% +$11.3K
PRDO icon
575
Perdoceo Education
PRDO
$1.99B
$769K 0.02%
41,810
+340
+0.8% +$5.53K
21 22
23
24 25

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SFM
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AI
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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.