We are live on ! Find out more
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
FRD icon
651
Friedman Industries
FRD
$319M
– –
-40,070
Closed -$177K
FRST icon
652
Primis Financial Corp
FRST
$413M
– –
-36,760
Closed -$362K
FRT icon
653
Federal Realty Investment Trust
FRT
$10.3B
– –
-1,030
Closed -$77K
FSLR icon
654
First Solar
FSLR
$24B
– –
-14,240
Closed -$513K
FSP
655
Franklin Street Properties
FSP
$46.4M
– –
-32,820
Closed -$188K
FSS icon
656
Federal Signal
FSS
$7.51B
– –
-18,740
Closed -$511K
FTNT icon
657
Fortinet
FTNT
$121B
– –
-10,050
Closed -$203K
FTV icon
658
Fortive
FTV
$18.7B
– –
-6,652
Closed -$232K
FUL icon
659
H.B. Fuller
FUL
$3.24B
– –
-15,790
Closed -$441K
FULT icon
660
Fulton Financial
FULT
$4.69B
– –
-30,840
Closed -$354K
FWRD icon
661
Forward Air
FWRD
$682M
– –
-8,730
Closed -$442K
GATX icon
662
GATX Corp
GATX
$6.33B
– –
-6,620
Closed -$414K
GBCI icon
663
Glacier Bancorp
GBCI
$6.48B
– –
-26,560
Closed -$903K
GBX icon
664
The Greenbrier Companies
GBX
$1.42B
– –
-9,940
Closed -$176K
TDAY
665
USA Today Co
TDAY
$1B
– –
-37,543
Closed -$56K
GCO icon
666
Genesco
GCO
$394M
– –
-4,320
Closed -$58K
GDOT icon
667
Green Dot
GDOT
$770M
– –
-14,680
Closed -$373K
GEF icon
668
Greif
GEF
$5.03B
– –
-4,850
Closed -$151K
GEN icon
669
Gen Digital
GEN
$17.7B
– –
-8,060
Closed -$151K
GENC icon
670
Gencor Industries
GENC
$264M
– –
-31,490
Closed -$331K
GEO icon
671
The GEO Group
GEO
$4B
– –
-22,375
Closed -$272K
GEOS icon
672
Geospace Technologies
GEOS
$66.5M
– –
-4,080
Closed -$26K
GES
673
DELISTED
Guess Inc
GES
– –
-13,050
Closed -$88K
GFF icon
674
Griffon
GFF
$4.8B
– –
-13,030
Closed -$165K
GGG icon
675
Graco
GGG
$13.3B
– –
-31,300
Closed -$1.52M
25 26
27
28 29

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
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
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.