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
GHC icon
676
Graham Holdings Company
GHC
$4.97B
– –
-810
Closed -$276K
GIII icon
677
G-III Apparel Group
GIII
$1.43B
– –
-13,330
Closed -$103K
GIS icon
678
General Mills
GIS
$20.8B
– –
-24,310
Closed -$1.28M
GKOS icon
679
Glaukos
GKOS
$11.2B
– –
-12,040
Closed -$372K
GME icon
680
GameStop
GME
$8.33B
– –
-81,680
Closed -$71K
GMED icon
681
Globus Medical
GMED
$11.5B
– –
-14,450
Closed -$615K
XRN
682
Chiron Real Estate Inc
XRN
$484M
– –
-11,096
Closed -$561K
GMS
683
DELISTED
GMS Inc
GMS
– –
-13,060
Closed -$205K
GNL icon
684
Global Net Lease
GNL
$1.9B
– –
-27,710
Closed -$370K
GNRC icon
685
Generac Holdings
GNRC
$12.8B
– –
-11,720
Closed -$1.09M
GNTX icon
686
Gentex
GNTX
$4.99B
– –
-47,260
Closed -$1.05M
GNW icon
687
Genworth Financial
GNW
$3.77B
– –
-92,600
Closed -$307K
GOOG icon
688
Alphabet (Google) Class C
GOOG
$4.21T
– –
-85,860
Closed -$4.99M
GPI icon
689
Group 1 Automotive
GPI
$3.14B
– –
-5,420
Closed -$240K
GPMT
690
Granite Point Mortgage Trust
GPMT
$58.8M
– –
-16,790
Closed -$85K
GPRE icon
691
Green Plains
GPRE
$1.09B
– –
-10,770
Closed -$52K
GRBK icon
692
Green Brick Partners
GRBK
$3.04B
– –
-51,190
Closed -$412K
GT icon
693
Goodyear
GT
$1.78B
– –
-43,130
Closed -$251K
GTLS
694
DELISTED
Chart Industries
GTLS
– –
-11,090
Closed -$321K
GTY
695
Getty Realty Corp
GTY
$2.05B
– –
-10,598
Closed -$252K
GTX icon
696
Garrett Motion
GTX
$5.35B
– –
-23,180
Closed -$66K
GVA icon
697
Granite Construction
GVA
$5.41B
– –
-14,480
Closed -$220K
HAFC icon
698
Hanmi Financial
HAFC
$963M
– –
-9,640
Closed -$105K
HAE icon
699
Haemonetics
HAE
$4.11B
– –
-9,510
Closed -$948K
HAIN icon
700
Hain Celestial
HAIN
$53.9M
– –
-14,890
Closed -$387K
26 27
28
29 30

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.