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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
+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
KO icon
51
Coca-Cola
KO
$373B
$3.08M 0.08%
68,890
-50,010
-42% -$2.3M
COST icon
52
Costco
COST
$421B
$3.07M 0.08%
10,130
-7,950
-44% -$2.42M
PEP icon
53
PepsiCo
PEP
$189B
$3.07M 0.08%
23,230
-22,070
-49% -$2.91M
AMGN icon
54
Amgen
AMGN
$225B
$3.07M 0.08%
13,020
-12,660
-49% -$2.89M
VZ icon
55
Verizon
VZ
$195B
$3.07M 0.08%
55,670
-61,000
-52% -$3.43M
CVX icon
56
Chevron
CVX
$386B
$3.02M 0.08%
33,890
-22,660
-40% -$2.03M
ABT icon
57
Abbott
ABT
$192B
$3.01M 0.08%
32,920
-34,908
-51% -$3.16M
WMT icon
58
Walmart Inc
WMT
$923B
$2.99M 0.07%
74,820
-74,130
-50% -$3.05M
JNJ icon
59
Johnson & Johnson
JNJ
$629B
$2.95M 0.07%
20,980
-43,560
-67% -$6.35M
BMY icon
60
Bristol-Myers Squibb
BMY
$130B
$2.87M 0.07%
48,740
+15,140
+45% +$906K
PFE icon
61
Pfizer
PFE
$150B
$2.7M 0.07%
87,113
-97,358
-53% -$3.31M
ADP icon
62
Automatic Data Processing
ADP
$107B
$2.38M 0.06%
16,010
+9,810
+158% +$1.4M
RSG icon
63
Republic Services
RSG
$65.6B
$2.35M 0.06%
28,660
+1,040
+4% +$83.9K
ADM icon
64
Archer Daniels Midland
ADM
$38.4B
$2.22M 0.06%
55,550
+16,230
+41% +$608K
ALL icon
65
Allstate
ALL
$64.7B
$1.89M 0.05%
19,470
-2,580
-12% -$253K
MDLZ icon
66
Mondelez International
MDLZ
$79.4B
$1.88M 0.05%
36,760
+16,120
+78% +$828K
MET icon
67
MetLife
MET
$61.4B
$1.78M 0.04%
48,650
+2,720
+6% +$94.7K
MS icon
68
Morgan Stanley
MS
$342B
$1.77M 0.04%
36,570
-19,860
-35% -$834K
GD icon
69
General Dynamics
GD
$107B
$1.73M 0.04%
11,580
+8,220
+245% +$1.16M
GS icon
70
Goldman Sachs
GS
$302B
$1.72M 0.04%
8,710
-1,570
-15% -$295K
CERN
71
DELISTED
Cerner Corp
CERN
$1.63M 0.04%
23,780
+19,210
+420% +$1.32M
MNST icon
72
Monster Beverage
MNST
$90.1B
$1.6M 0.04%
92,360
+70,400
+321% +$1.15M
ITW icon
73
Illinois Tool Works
ITW
$83.3B
$1.59M 0.04%
9,080
-3,140
-26% -$513K
CHTR icon
74
Charter Communications
CHTR
$17.9B
$1.57M 0.04%
3,080
-730
-19% -$370K
ROP icon
75
Roper Technologies
ROP
$39.1B
$1.56M 0.04%
4,020
+2,530
+170% +$906K
1 2
3
4 5

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SFM
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AI
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HI
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PEA
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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.