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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
KMX icon
701
CarMax
KMX
$8.52B
$672K 0.02%
7,670
-980
-11% -$92.2K
AAT
702
American Assets Trust
AAT
$1.41B
$671K 0.02%
14,620
+420
+3% +$19.6K
GT icon
703
Goodyear
GT
$1.78B
$671K 0.02%
43,130
+470
+1% +$7.35K
KMB icon
704
Kimberly-Clark
KMB
$36.8B
$671K 0.02%
4,880
+50
+1% +$6.76K
NWE icon
705
NorthWestern Energy
NWE
$4.4B
$671K 0.02%
9,360
+110
+1% +$7.93K
TGNA
706
DELISTED
TEGNA Inc
TGNA
$671K 0.02%
40,190
+440
+1% +$6.85K
AKR icon
707
Acadia Realty Trust
AKR
$2.86B
$670K 0.02%
25,850
+510
+2% +$14K
BRT
708
BRT Apartments
BRT
$269M
$669K 0.02%
39,440
– –
CNK icon
709
Cinemark Holdings
CNK
$4.37B
$669K 0.02%
19,770
+210
+1% +$7.43K
ICUI icon
710
ICU Medical
ICUI
$4.58B
$668K 0.02%
3,570
+40
+1% +$6.88K
EZPW icon
711
Ezcorp Inc
EZPW
$1.76B
$667K 0.02%
97,820
– –
NEU icon
712
NewMarket
NEU
$8.72B
$667K 0.02%
1,370
+20
+1% +$9.62K
RRX icon
713
Regal Rexnord
RRX
$11.4B
$666K 0.02%
7,780
+90
+1% +$7.14K
EMR icon
714
Emerson Electric
EMR
$91.6B
$665K 0.02%
8,720
+90
+1% +$6.49K
RLI icon
715
RLI Corp
RLI
$5.87B
$665K 0.02%
14,780
-9,140
-38% -$429K
ABR icon
716
Arbor Realty Trust
ABR
$981M
$664K 0.02%
46,287
– –
IBKR icon
717
Interactive Brokers
IBKR
$41.4B
$664K 0.02%
56,960
+760
+1% +$8.92K
ASB icon
718
Associated Banc-Corp
ASB
$6.07B
$663K 0.02%
30,080
+330
+1% +$6.96K
ABG icon
719
Asbury Automotive
ABG
$3.78B
$662K 0.02%
5,920
+120
+2% +$12.9K
AEP icon
720
American Electric Power
AEP
$68.3B
$662K 0.02%
7,000
+70
+1% +$6.47K
OLLI icon
721
Ollie's Bargain Outlet
OLLI
$4.7B
$662K 0.02%
10,140
+110
+1% +$6.97K
ACA icon
722
Arcosa
ACA
$7.12B
$660K 0.02%
14,810
+260
+2% +$10K
AMG icon
723
Affiliated Managers Group
AMG
$9.7B
$656K 0.02%
7,740
+7,030
+990% +$576K
SIX
724
DELISTED
Six Flags Entertainment Corp.
SIX
$656K 0.02%
14,550
+160
+1% +$7.36K
MSM icon
725
MSC Industrial Direct
MSM
$6.77B
$655K 0.02%
8,350
+90
+1% +$6.65K
27 28
29
30 31

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SFM
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AI
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PEA
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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.