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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
+4.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4.16B
AUM Growth
+$159M
Cap. Flow
-$561K
Cap. Flow %
-0.01%
Top 10 Hldgs %
98.25%
Holding
252
New
2
Increased
5
Reduced
2
Closed
238

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$666M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$125M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$45.1M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$34.1M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$30M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$413M
2
GOVT icon
iShares US Treasury Bond ETF
GOVT
+$108M
3
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$73.5M
4
PYPL icon
PayPal
PYPL
+$3.81M
5
NVDA icon
NVIDIA
NVDA
+$3.76M

Sector Composition

Rank Sector Weight
1 Communication Services 0%
2 Consumer Discretionary 0%
3 Consumer Staples 0%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CF icon
51
CF Industries
CF
$18.2B
– –
-22,490
Closed -$633K
CFG icon
52
Citizens Financial Group
CFG
$31.1B
– –
-17,640
Closed -$445K
CHD icon
53
Church & Dwight Co
CHD
$24B
– –
-11,150
Closed -$862K
CHTR icon
54
Charter Communications
CHTR
$17.9B
– –
-3,080
Closed -$1.57M
CI icon
55
Cigna
CI
$73.3B
– –
-4,070
Closed -$764K
CMCSA icon
56
Comcast
CMCSA
$90.4B
– –
-87,340
Closed -$3.4M
COF icon
57
Capital One
COF
$136B
– –
-7,970
Closed -$499K
COO icon
58
Cooper Companies
COO
$15B
– –
-15,040
Closed -$1.07M
COP icon
59
ConocoPhillips
COP
$153B
– –
-7,800
Closed -$328K
COR icon
60
Cencora
COR
$60B
– –
-11,330
Closed -$1.14M
COST icon
61
Costco
COST
$421B
– –
-10,130
Closed -$3.07M
CPB icon
62
Campbell Soup
CPB
$6.74B
– –
-14,440
Closed -$717K
CRM icon
63
Salesforce
CRM
$158B
– –
-17,390
Closed -$3.26M
CSCO icon
64
Cisco
CSCO
$488B
– –
-71,440
Closed -$3.33M
CTAS icon
65
Cintas
CTAS
$81.4B
– –
-19,520
Closed -$1.3M
CVS icon
66
CVS Health
CVS
$121B
– –
-16,820
Closed -$1.09M
CVX icon
67
Chevron
CVX
$386B
– –
-33,890
Closed -$3.02M
D icon
68
Dominion Energy
D
$59.8B
– –
-12,510
Closed -$1.02M
DAL icon
69
Delta Air Lines
DAL
$59.1B
– –
-11,750
Closed -$330K
DHI icon
70
D.R. Horton
DHI
$40.8B
– –
-9,420
Closed -$522K
DIS icon
71
Walt Disney
DIS
$178B
– –
-29,530
Closed -$3.29M
DOV icon
72
Dover
DOV
$28B
– –
-15,130
Closed -$1.46M
DUK icon
73
Duke Energy
DUK
$96.3B
– –
-17,160
Closed -$1.37M
DVA icon
74
DaVita
DVA
$11.6B
– –
-7,630
Closed -$604K
EA
75
DELISTED
Electronic Arts
EA
– –
-5,970
Closed -$788K
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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WPL
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Municipal Employees' Retirement System of Michigan's Q3 2020 Portfolio in Review

As of Q3 2020, Municipal Employees' Retirement System of Michigan held 252 positions worth $4.16B, up 4% from $4B the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q3 2020 filing shows 2 new, 5 increased, 2 reduced and 238 closed positions. Its largest new stake was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $413M.

By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 0.73% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2020 buy was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q3 2020, an estimated $666M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $413M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares US Treasury Bond ETF in Q3 2020, selling an estimated $108M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 98% of its $4.16B portfolio in Q3 2020.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 238 in Q3 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 4% quarter-over-quarter to $4.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2020, filed 5 Oct 2020.