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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
ROIC
751
DELISTED
Retail Opportunity Investments Corp.
ROIC
$618K 0.02%
34,980
+680
+2% +$12.3K
HRB icon
752
H&R Block
HRB
$6.87B
$617K 0.02%
26,260
+5,660
+27% +$136K
MYGN icon
753
Myriad Genetics
MYGN
$309M
$616K 0.02%
22,610
+510
+2% +$14K
AAON icon
754
Aaon
AAON
$7.03B
$615K 0.02%
18,660
+375
+2% +$12.2K
EPRT icon
755
Essential Properties Realty Trust
EPRT
$6.62B
$615K 0.02%
+24,800
New +$624K
LRCX icon
756
Lam Research
LRCX
$422B
$614K 0.02%
21,000
-20,100
-49% -$534K
CAG icon
757
Conagra Brands
CAG
$7.18B
$612K 0.02%
17,870
+11,050
+162% +$320K
PSB
758
DELISTED
PS Business Parks, Inc.
PSB
$612K 0.02%
3,710
+40
+1% +$7.04K
CALY
759
Callaway Golf Company
CALY
$2.95B
$611K 0.02%
28,800
+570
+2% +$11.7K
CDP icon
760
COPT Defense Properties
CDP
$4.23B
$610K 0.02%
20,770
+230
+1% +$6.71K
NSA
761
DELISTED
National Storage Affiliates Trust
NSA
$610K 0.02%
18,150
+360
+2% +$12.1K
BFH icon
762
Bread Financial
BFH
$4.46B
$606K 0.02%
6,766
+5,977
+758% +$528K
FWRD icon
763
Forward Air
FWRD
$658M
$606K 0.02%
8,660
+170
+2% +$11.5K
GWB
764
DELISTED
Great Western Bancorp, Inc.
GWB
$606K 0.02%
17,430
+280
+2% +$9.67K
CUB
765
DELISTED
Cubic Corporation
CUB
$606K 0.02%
9,540
+190
+2% +$12.9K
BAX icon
766
Baxter International
BAX
$13.9B
$605K 0.02%
7,230
+530
+8% +$43.9K
DKS icon
767
Dick's Sporting Goods
DKS
$18.1B
$605K 0.02%
12,220
+130
+1% +$5.53K
CSW
768
CSW Industrials
CSW
$5.65B
$604K 0.02%
7,850
– –
CTRE icon
769
CareTrust REIT
CTRE
$9.18B
$603K 0.02%
29,240
+570
+2% +$12.5K
RAMP icon
770
LiveRamp
RAMP
$2.3B
$603K 0.02%
12,550
+140
+1% +$6.29K
ROST icon
771
Ross Stores
ROST
$79.6B
$603K 0.02%
5,180
+50
+1% +$5.63K
PPBI
772
DELISTED
Pacific Premier Bancorp
PPBI
$602K 0.02%
18,470
+360
+2% +$11.7K
FRST icon
773
Primis Financial Corp
FRST
$411M
$601K 0.02%
36,760
– –
VMI icon
774
Valmont Industries
VMI
$9.52B
$601K 0.02%
4,010
+40
+1% +$5.65K
BANR icon
775
Banner Corp
BANR
$2.5B
$599K 0.02%
10,580
+210
+2% +$11.6K
29 30
31
32 33

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SFM
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AI
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PEA
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SUT
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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.