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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
THC icon
626
Tenet Healthcare
THC
$21.5B
$730K 0.02%
19,190
+210
+1% +$6.29K
SANM icon
627
Sanmina
SANM
$11.1B
$729K 0.02%
21,300
+510
+2% +$16.3K
HWM icon
628
Howmet Aerospace
HWM
$113B
$728K 0.02%
30,866
+5,816
+23% +$130K
IVR icon
629
Invesco Mortgage Capital
IVR
$805M
$728K 0.02%
4,370
+75
+2% +$12K
ABTX
630
DELISTED
Allegiance Bancshares
ABTX
$728K 0.02%
19,370
+5,900
+44% +$208K
EXLS icon
631
EXL Service
EXLS
$5.36B
$727K 0.02%
52,300
+1,050
+2% +$14.4K
BLKB icon
632
Blackbaud
BLKB
$2.1B
$726K 0.02%
9,120
+100
+1% +$8.37K
KFY icon
633
Korn Ferry
KFY
$4.36B
$726K 0.02%
17,130
+340
+2% +$13.1K
EBS icon
634
Emergent Biosolutions
EBS
$230M
$724K 0.02%
13,420
+260
+2% +$14.1K
NSC icon
635
Norfolk Southern
NSC
$75.9B
$724K 0.02%
3,730
– –
CZR icon
636
Caesars Entertainment
CZR
$6.04B
$723K 0.02%
12,120
+140
+1% +$6.93K
IFF icon
637
International Flavors & Fragrances
IFF
$21.4B
$723K 0.02%
5,600
-1,080
-16% -$138K
SMBK icon
638
SmartFinancial
SMBK
$899M
$723K 0.02%
30,550
– –
UMPQ
639
DELISTED
Umpqua Holdings Corp
UMPQ
$723K 0.02%
40,840
+440
+1% +$7.28K
JHG
640
DELISTED
Janus Henderson
JHG
$721K 0.02%
29,504
+320
+1% +$7.63K
EA
641
DELISTED
Electronic Arts
EA
$719K 0.02%
6,690
-960
-13% -$95.3K
BOH icon
642
Bank of Hawaii
BOH
$3.15B
$718K 0.02%
7,540
+90
+1% +$8K
SIGI icon
643
Selective Insurance
SIGI
$5.59B
$718K 0.02%
11,010
+120
+1% +$8.3K
MTZ icon
644
MasTec
MTZ
$23B
$717K 0.02%
11,180
+120
+1% +$7.9K
LEN icon
645
Lennar Class A
LEN
$21.1B
$716K 0.02%
13,253
– –
UTHR icon
646
United Therapeutics
UTHR
$21.5B
$716K 0.02%
8,130
+90
+1% +$7.92K
AAN.A
647
DELISTED
The Aaron's Company Inc Class A
AAN.A
$716K 0.02%
12,530
+140
+1% +$8K
ELME
648
Elme Communities
ELME
$144M
$715K 0.02%
24,510
+480
+2% +$14.3K
TKR icon
649
Timken Company
TKR
$9.1B
$715K 0.02%
12,690
+130
+1% +$6.57K
AIN icon
650
Albany International
AIN
$1.82B
$714K 0.02%
9,400
+220
+2% +$18.3K
24 25
26
27 28

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
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PVI
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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.