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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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LIVN icon
726
LivaNova
LIVN
$4.53B
$411K 0.01%
9,080
+100
+1% +$6.47K
KLIC icon
727
Kulicke & Soffa
KLIC
$5.01B
$410K 0.01%
19,640
+230
+1% +$5.64K
TKR icon
728
Timken Company
TKR
$9.1B
$410K 0.01%
12,690
– –
AVAV icon
729
AeroVironment
AVAV
$9.59B
$408K 0.01%
6,690
+90
+1% +$5.63K
CALM icon
730
Cal-Maine
CALM
$3.87B
$408K 0.01%
9,270
– –
SKYW icon
731
Skywest
SKYW
$4.21B
$408K 0.01%
15,580
– –
EZPW icon
732
Ezcorp Inc
EZPW
$1.76B
$407K 0.01%
97,820
– –
MATX icon
733
Matsons
MATX
$6.39B
$407K 0.01%
13,280
+160
+1% +$5.66K
MTH icon
734
Meritage Homes
MTH
$4.8B
$407K 0.01%
22,300
+280
+1% +$8.49K
OPI
735
DELISTED
Office Properties Income Trust
OPI
$407K 0.01%
14,930
+210
+1% +$6.49K
BEAT
736
DELISTED
BioTelemetry, Inc.
BEAT
$406K 0.01%
10,530
+160
+2% +$7.37K
BRT
737
BRT Apartments
BRT
$269M
$404K 0.01%
39,440
– –
SFM icon
738
Sprouts Farmers Market
SFM
$7.71B
$404K 0.01%
21,730
– –
PACW
739
DELISTED
PacWest Bancorp
PACW
$403K 0.01%
22,490
+560
+3% +$17.5K
CORE
740
DELISTED
Core Mark Holding Co., Inc.
CORE
$401K 0.01%
14,040
– –
CUB
741
DELISTED
Cubic Corporation
CUB
$400K 0.01%
9,690
+150
+2% +$8.67K
FCPT icon
742
Four Corners Property Trust
FCPT
$2.76B
$399K 0.01%
21,346
+410
+2% +$11.1K
IIPR icon
743
Innovative Industrial Properties
IIPR
$1.67B
$399K 0.01%
5,260
+1,830
+53% +$155K
THFF icon
744
First Financial Corp
THFF
$975M
$399K 0.01%
11,820
– –
BOCH
745
DELISTED
Bank of Commerce Holdings (CA)
BOCH
$399K 0.01%
50,720
– –
STL
746
DELISTED
Sterling Bancorp
STL
$398K 0.01%
38,060
– –
EIG icon
747
Employers Holdings
EIG
$871M
$396K 0.01%
9,770
– –
URI icon
748
United Rentals
URI
$69.7B
$396K 0.01%
3,850
– –
BMTC
749
DELISTED
Bryn Mawr Bank Corp
BMTC
$396K 0.01%
13,960
– –
UHT
750
Universal Health Realty Income Trust
UHT
$573M
$395K 0.01%
3,920
+50
+1% +$5.51K
28 29
30
31 32

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.