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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
MCD icon
51
McDonald's
MCD
$193B
$5.6M 0.18%
28,340
+70
+0.2% +$13.9K
UNP icon
52
Union Pacific
UNP
$177B
$5.5M 0.18%
30,450
+1,280
+4% +$219K
PM icon
53
Philip Morris
PM
$294B
$5.5M 0.18%
64,640
+2,410
+4% +$199K
TXN icon
54
Texas Instruments
TXN
$250B
$5.47M 0.18%
42,640
+29,470
+224% +$3.64M
RTX icon
55
RTX Corp
RTX
$297B
$5.42M 0.18%
57,493
-96
-0.2% -$8.71K
HON icon
56
Honeywell
HON
$74.2B
$5.38M 0.17%
32,276
– –
COST icon
57
Costco
COST
$427B
$5.29M 0.17%
18,000
+11,830
+192% +$3.52M
NEE icon
58
NextEra Energy
NEE
$179B
$5.25M 0.17%
86,640
+59,760
+222% +$3.49M
IBM icon
59
IBM
IBM
$223B
$5.17M 0.17%
40,386
+1,726
+4% +$224K
ORCL icon
60
Oracle
ORCL
$450B
$5.05M 0.16%
95,380
-1,010
-1% -$55.6K
IWM icon
61
iShares Russell 2000 ETF
IWM
$82.4B
$4.33M 0.14%
26,140
– –
AXP icon
62
American Express
AXP
$232B
$4.01M 0.13%
32,250
-700
-2% -$83.7K
USB icon
63
US Bancorp
USB
$102B
$3.68M 0.12%
62,110
+4,860
+8% +$281K
IMKTA icon
64
Ingles Markets
IMKTA
$1.68B
$3.05M 0.1%
64,110
– –
DUK icon
65
Duke Energy
DUK
$97.1B
$2.97M 0.1%
32,570
+22,350
+219% +$2.05M
MS icon
66
Morgan Stanley
MS
$343B
$2.88M 0.09%
56,430
+10,730
+23% +$508K
BLK icon
67
Blackrock
BLK
$183B
$2.77M 0.09%
5,500
+3,810
+225% +$1.81M
AFL icon
68
Aflac
AFL
$60.7B
$2.73M 0.09%
51,670
+41,210
+394% +$2.19M
CB icon
69
Chubb
CB
$133B
$2.7M 0.09%
17,356
+10,930
+170% +$1.67M
SO icon
70
Southern Company
SO
$107B
$2.68M 0.09%
42,030
+27,420
+188% +$1.7M
PNC icon
71
PNC Financial Services
PNC
$102B
$2.58M 0.08%
16,130
– –
ZBRA icon
72
Zebra Technologies
ZBRA
$18B
$2.56M 0.08%
10,040
+110
+1% +$25.7K
FIS icon
73
Fidelity National Information Services
FIS
$22.8B
$2.54M 0.08%
18,270
+9,670
+112% +$1.3M
HIG icon
74
Hartford Financial Services
HIG
$37.8B
$2.48M 0.08%
40,860
– –
ALL icon
75
Allstate
ALL
$65.9B
$2.48M 0.08%
22,050
+17,390
+373% +$1.9M
1 2
3
4 5

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AI
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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.