We are live on ! Find out more
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
HON icon
726
Honeywell
HON
$74.2B
– –
-32,276
Closed -$4.07M
HOPE icon
727
Hope Bancorp
HOPE
$1.85B
– –
-39,251
Closed -$323K
HOUS
728
DELISTED
Anywhere Real Estate
HOUS
– –
-35,420
Closed -$107K
HP icon
729
Helmerich & Payne
HP
$4.3B
– –
-1,470
Closed -$23K
HPQ icon
730
HP
HPQ
$28.6B
– –
-21,420
Closed -$372K
HQY icon
731
HealthEquity
HQY
$8.83B
– –
-13,300
Closed -$673K
HRL icon
732
Hormel Foods
HRL
$13.4B
– –
-3,930
Closed -$183K
HRB icon
733
H&R Block
HRB
$6.76B
– –
-26,260
Closed -$370K
HSII
734
DELISTED
Heidrick & Struggles
HSII
– –
-28,580
Closed -$643K
HST icon
735
Host Hotels & Resorts
HST
$15.6B
– –
-81,680
Closed -$901K
HSTM icon
736
HealthStream
HSTM
$849M
– –
-7,830
Closed -$188K
HSY icon
737
Hershey
HSY
$37.4B
– –
-2,110
Closed -$280K
HTBK
738
DELISTED
Heritage Commerce
HTBK
– –
-44,480
Closed -$341K
HTLD icon
739
Heartland Express
HTLD
$979M
– –
-14,300
Closed -$266K
HUBB icon
740
Hubbell
HUBB
$26.8B
– –
-10,210
Closed -$1.17M
HUBG icon
741
HUB Group
HUBG
$2.55B
– –
-20,680
Closed -$470K
HVT icon
742
Haverty Furniture Companies
HVT
$450M
– –
-28,640
Closed -$341K
HWC icon
743
Hancock Whitney
HWC
$6.37B
– –
-16,370
Closed -$320K
HWKN icon
744
Hawkins
HWKN
$2.67B
– –
-19,780
Closed -$353K
HYG icon
745
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
– –
-4,424,209
Closed -$341M
HZO icon
746
MarineMax
HZO
$1.15B
– –
-57,550
Closed -$600K
IART icon
747
Integra LifeSciences
IART
$1.42B
– –
-13,370
Closed -$597K
IBCP icon
748
Independent Bank Corp
IBCP
$854M
– –
-28,710
Closed -$369K
IBKR icon
749
Interactive Brokers
IBKR
$41.4B
– –
-57,600
Closed -$622K
IBOC icon
750
International Bancshares
IBOC
$4.57B
– –
-10,630
Closed -$286K
28 29
30
31 32

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.