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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
ILMN icon
676
Illumina
ILMN
$29.1B
$690K 0.02%
2,138
+20
+0.9% +$6.06K
LPSN icon
677
LivePerson
LPSN
$35.9M
$690K 0.02%
1,243
+24
+2% +$13.8K
PLXS icon
678
Plexus
PLXS
$7.04B
$689K 0.02%
8,960
+180
+2% +$13.1K
FCX icon
679
Freeport-McMoran
FCX
$93.6B
$688K 0.02%
52,480
+9,340
+22% +$103K
NMIH icon
680
NMI Holdings
NMIH
$3.42B
$688K 0.02%
20,740
+400
+2% +$12.5K
ECL icon
681
Ecolab
ECL
$77.4B
$687K 0.02%
3,560
– –
NWN icon
682
Northwest Natural Holdings
NWN
$2.14B
$687K 0.02%
9,320
+160
+2% +$11K
CBRL icon
683
Cracker Barrel
CBRL
$1.31B
$686K 0.02%
4,460
+50
+1% +$7.87K
SPXC icon
684
SPX Corp
SPXC
$10.6B
$686K 0.02%
13,480
+270
+2% +$12.3K
NCMI icon
685
National CineMedia
NCMI
$252M
$685K 0.02%
9,393
– –
SYNH
686
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$685K 0.02%
11,520
+130
+1% +$6.99K
OZK icon
687
Bank OZK
OZK
$5.7B
$684K 0.02%
22,420
+240
+1% +$7.04K
TXRH icon
688
Texas Roadhouse
TXRH
$13.6B
$683K 0.02%
12,130
+130
+1% +$7.14K
DD icon
689
DuPont de Nemours
DD
$19.5B
$680K 0.02%
8,437
-2,061
-20% -$171K
LPX icon
690
Louisiana-Pacific
LPX
$5.18B
$680K 0.02%
22,930
+250
+1% +$7.06K
DRH icon
691
Diamondrock Hospitality Co
DRH
$2.51B
$679K 0.02%
61,270
+1,210
+2% +$12.5K
NGVT icon
692
Ingevity
NGVT
$2.59B
$678K 0.02%
7,760
+80
+1% +$7K
LIVN icon
693
LivaNova
LIVN
$4.53B
$677K 0.02%
8,980
+100
+1% +$7.58K
SHW icon
694
Sherwin-Williams
SHW
$87.8B
$677K 0.02%
3,480
+60
+2% +$11.4K
PRSP
695
DELISTED
Perspecta Inc. Common Stock
PRSP
$677K 0.02%
25,590
+280
+1% +$7.46K
DORM icon
696
Dorman Products
DORM
$3.95B
$676K 0.02%
8,930
+200
+2% +$15.1K
FELE icon
697
Franklin Electric
FELE
$4.68B
$675K 0.02%
11,770
+230
+2% +$12.2K
HFWA icon
698
Heritage Financial
HFWA
$1.23B
$675K 0.02%
23,820
+220
+0.9% +$6.07K
CTRN icon
699
Citi Trends
CTRN
$621M
$674K 0.02%
29,150
– –
MTH icon
700
Meritage Homes
MTH
$4.8B
$673K 0.02%
22,020
+420
+2% +$14.4K
26 27
28
29 30

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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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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.