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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
WTFC icon
601
Wintrust Financial
WTFC
$11B
$746K 0.02%
10,520
+120
+1% +$8K
NUVA
602
DELISTED
NuVasive, Inc.
NUVA
$746K 0.02%
9,650
+100
+1% +$7.06K
DHI icon
603
D.R. Horton
DHI
$41.9B
$745K 0.02%
14,130
+1,590
+13% +$84.9K
NFG icon
604
National Fuel Gas
NFG
$7.75B
$745K 0.02%
16,010
+170
+1% +$7.75K
XHR
605
Xenia Hotels & Resorts
XHR
$1.76B
$745K 0.02%
34,470
+670
+2% +$14.2K
SGI
606
Somnigroup International
SGI
$14B
$743K 0.02%
34,160
+360
+1% +$7.53K
SVC
607
Service Properties Trust
SVC
$1.06B
$742K 0.02%
6,100
+66
+1% +$8.04K
COHR
608
DELISTED
Coherent Inc
COHR
$740K 0.02%
4,450
+50
+1% +$7.74K
GTLS
609
DELISTED
Chart Industries
GTLS
$739K 0.02%
10,950
+210
+2% +$12.3K
HWC icon
610
Hancock Whitney
HWC
$6.37B
$739K 0.02%
16,830
+190
+1% +$7.7K
NVT icon
611
nVent Electric
NVT
$27.5B
$738K 0.02%
28,860
+320
+1% +$7.44K
SAIA icon
612
Saia
SAIA
$10.1B
$738K 0.02%
7,930
+160
+2% +$15.1K
BKR icon
613
Baker Hughes
BKR
$63B
$737K 0.02%
28,760
+21,650
+305% +$492K
ICE icon
614
Intercontinental Exchange
ICE
$87.2B
$737K 0.02%
7,960
+50
+0.6% +$4.64K
ETFC
615
DELISTED
E*Trade Financial Corporation
ETFC
$737K 0.02%
16,240
-7,100
-30% -$303K
ESE icon
616
ESCO Technologies
ESE
$7.79B
$735K 0.02%
7,950
+160
+2% +$13.6K
TCBK icon
617
TriCo Bancshares
TCBK
$1.86B
$735K 0.02%
18,000
– –
XRN
618
Chiron Real Estate Inc
XRN
$484M
$734K 0.02%
11,096
– –
RIG icon
619
Transocean
RIG
$6.39B
$734K 0.02%
106,670
+1,160
+1% +$5.98K
VMC icon
620
Vulcan Materials
VMC
$36B
$734K 0.02%
5,100
+3,270
+179% +$468K
WRK
621
DELISTED
WestRock Company
WRK
$734K 0.02%
17,108
-3,550
-17% -$138K
CMCO icon
622
Columbus McKinnon
CMCO
$550M
$731K 0.02%
18,250
– –
FN icon
623
Fabrinet
FN
$20.3B
$731K 0.02%
11,280
+180
+2% +$10.4K
UBSI icon
624
United Bankshares
UBSI
$6.68B
$731K 0.02%
18,900
+210
+1% +$8.1K
IRDM icon
625
Iridium Communications
IRDM
$5.27B
$730K 0.02%
29,630
+550
+2% +$13.2K
23 24
25
26 27

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SFM
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AI
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PEA
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SUT
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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.