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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
MANT
726
DELISTED
Mantech International Corp
MANT
$655K 0.02%
8,200
+160
+2% +$12K
SMTC icon
727
Semtech
SMTC
$12.4B
$653K 0.02%
12,340
+130
+1% +$6.51K
MUSA icon
728
Murphy USA
MUSA
$10.1B
$652K 0.02%
5,570
+60
+1% +$6.47K
STX icon
729
Seagate
STX
$209B
$652K 0.02%
10,960
-1,020
-9% -$58.6K
SPG icon
730
Simon Property Group
SPG
$71.4B
$651K 0.02%
4,370
-7,510
-63% -$1.13M
IBCP icon
731
Independent Bank Corp
IBCP
$854M
$650K 0.02%
28,710
– –
KWR icon
732
Quaker Houghton
KWR
$2.95B
$650K 0.02%
3,950
+80
+2% +$12.4K
PEB icon
733
Pebblebrook Hotel Trust
PEB
$2.04B
$650K 0.02%
24,230
+260
+1% +$6.85K
CLGX
734
DELISTED
Corelogic, Inc.
CLGX
$650K 0.02%
14,860
+160
+1% +$6.81K
RL icon
735
Ralph Lauren
RL
$23.6B
$645K 0.02%
5,500
+1,120
+26% +$118K
SAFM
736
DELISTED
Sanderson Farms Inc
SAFM
$645K 0.02%
3,660
+40
+1% +$6.32K
FCFS icon
737
FirstCash
FCFS
$9.28B
$643K 0.02%
7,970
+90
+1% +$7.56K
SAM icon
738
Boston Beer
SAM
$1.89B
$642K 0.02%
1,700
+10
+0.6% +$3.77K
URI icon
739
United Rentals
URI
$70.3B
$642K 0.02%
3,850
+2,760
+253% +$401K
KNSL icon
740
Kinsale Capital Group
KNSL
$8.51B
$639K 0.02%
+6,290
New +$626K
FLOW
741
DELISTED
SPX FLOW, Inc.
FLOW
$637K 0.02%
13,030
+220
+2% +$9.75K
WBA
742
DELISTED
Walgreens Boots Alliance
WBA
$634K 0.02%
10,750
-360
-3% -$20.7K
SCL icon
743
Stepan Co
SCL
$1.48B
$629K 0.02%
6,140
+120
+2% +$11.7K
LHX icon
744
L3Harris
LHX
$54.1B
$627K 0.02%
3,167
+60
+2% +$12K
EPAY
745
DELISTED
Bottomline Technologies Inc
EPAY
$627K 0.02%
11,690
+300
+3% +$13.6K
ADI icon
746
Analog Devices
ADI
$187B
$623K 0.02%
5,242
+50
+1% +$5.63K
EVTC icon
747
Evertec
EVTC
$1.91B
$622K 0.02%
18,270
+360
+2% +$11.4K
WHR icon
748
Whirlpool
WHR
$2.79B
$622K 0.02%
4,220
+3,330
+374% +$503K
TAP icon
749
Molson Coors Class B
TAP
$7.75B
$620K 0.02%
11,500
+8,900
+342% +$479K
NSP icon
750
Insperity
NSP
$1.92B
$618K 0.02%
7,180
+150
+2% +$13K
28 29
30
31 32

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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.