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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
-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
EOG icon
576
EOG Resources
EOG
$74.2B
$508K 0.02%
14,140
+120
+0.9% +$7.8K
KWR icon
577
Quaker Houghton
KWR
$2.95B
$506K 0.02%
4,010
+60
+2% +$9.73K
RF icon
578
Regions Financial
RF
$27B
$506K 0.02%
56,410
– –
LRCX icon
579
Lam Research
LRCX
$422B
$504K 0.02%
21,000
– –
PNFP icon
580
Pinnacle Financial Partners Inc
PNFP
$16.2B
$504K 0.02%
13,420
– –
CNMD icon
581
CONMED
CNMD
$1.49B
$503K 0.02%
8,790
+130
+2% +$12K
MOG.A icon
582
Moog Inc Class A
MOG.A
$13.5B
$503K 0.02%
9,950
– –
VIVO
583
DELISTED
Meridian Bioscience Inc
VIVO
$503K 0.02%
59,820
– –
SPSC icon
584
SPS Commerce
SPSC
$2.86B
$502K 0.02%
10,790
+110
+1% +$5.8K
ABM icon
585
ABM Industries
ABM
$2.82B
$501K 0.02%
20,580
+250
+1% +$8.63K
FOXF icon
586
Fox Factory Holding Corp
FOXF
$886M
$501K 0.02%
11,930
+170
+1% +$10.7K
TITN icon
587
Titan Machinery
TITN
$420M
$501K 0.02%
57,620
– –
TXRH icon
588
Texas Roadhouse
TXRH
$13.6B
$501K 0.02%
12,130
– –
BHF icon
589
Brighthouse Financial
BHF
$3.42B
$500K 0.02%
20,670
– –
DORM icon
590
Dorman Products
DORM
$3.95B
$500K 0.02%
9,040
+110
+1% +$7.49K
SEM
591
DELISTED
Select Medical
SEM
$498K 0.02%
61,619
– –
BSTC
592
DELISTED
BioSpecifics Technologies Corp.
BSTC
$498K 0.02%
8,800
– –
UTMD icon
593
Utah Medical Products
UTMD
$230M
$497K 0.02%
5,280
– –
CATO icon
594
Cato Corp
CATO
$66.7M
$495K 0.02%
46,380
– –
CLH icon
595
Clean Harbors
CLH
$16.9B
$495K 0.02%
9,640
+110
+1% +$8.03K
NUVA
596
DELISTED
NuVasive, Inc.
NUVA
$495K 0.02%
9,770
+120
+1% +$8.05K
SXC icon
597
SunCoke Energy
SXC
$788M
$494K 0.02%
128,460
– –
PLXS icon
598
Plexus
PLXS
$7.04B
$493K 0.02%
9,040
+80
+0.9% +$5.4K
WABC icon
599
Westamerica Bancorp
WABC
$1.39B
$493K 0.02%
8,380
+120
+1% +$7.46K
ADSK icon
600
Autodesk
ADSK
$54.5B
$492K 0.02%
3,150
+40
+1% +$7.34K
22 23
24
25 26

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SFM
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AI
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PEA
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SUT
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WPL
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PVI
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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.