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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
KTB icon
776
Kontoor Brands
KTB
$4.51B
$599K 0.02%
14,270
-975
-6% -$36.8K
PGR icon
777
Progressive
PGR
$121B
$599K 0.02%
8,280
+80
+1% +$5.77K
PMT
778
PennyMac Mortgage Investment
PMT
$827M
$599K 0.02%
26,870
+530
+2% +$12K
ENR icon
779
Energizer
ENR
$1.56B
$597K 0.02%
11,890
+130
+1% +$5.98K
SHEN icon
780
Shenandoah Telecom
SHEN
$721M
$597K 0.02%
+14,340
New +$508K
FSS icon
781
Federal Signal
FSS
$7.71B
$596K 0.02%
18,470
+310
+2% +$10.1K
MNTA
782
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$596K 0.02%
30,210
+500
+2% +$8K
PRA
783
DELISTED
ProAssurance
PRA
$595K 0.02%
16,450
+320
+2% +$12.3K
RM icon
784
Regional Management Corp
RM
$297M
$594K 0.02%
19,780
– –
PBF icon
785
PBF Energy
PBF
$8.81B
$593K 0.02%
18,900
+200
+1% +$6.15K
SPSC icon
786
SPS Commerce
SPSC
$2.86B
$592K 0.02%
10,680
+210
+2% +$11.2K
MAR icon
787
Marriott International
MAR
$92.5B
$591K 0.02%
3,904
– –
EHTH icon
788
eHealth
EHTH
$39.7M
$590K 0.02%
6,140
+120
+2% +$9.31K
ENS icon
789
EnerSys
ENS
$6.81B
$590K 0.02%
7,880
+90
+1% +$6.23K
FCPT icon
790
Four Corners Property Trust
FCPT
$2.74B
$590K 0.02%
20,936
+330
+2% +$9.23K
GRBK icon
791
Green Brick Partners
GRBK
$3.02B
$588K 0.02%
51,190
– –
MZTI
792
The Marzetti Company
MZTI
$3.18B
$588K 0.02%
3,670
+40
+1% +$6.02K
BOCH
793
DELISTED
Bank of Commerce Holdings (CA)
BOCH
$587K 0.02%
50,720
– –
BLMN icon
794
Bloomin' Brands
BLMN
$975M
$586K 0.02%
26,570
+410
+2% +$8.7K
GD icon
795
General Dynamics
GD
$107B
$585K 0.02%
3,320
-7,030
-68% -$1.26M
VIVO
796
DELISTED
Meridian Bioscience Inc
VIVO
$585K 0.02%
59,820
+360
+0.6% +$3.38K
GPX
797
DELISTED
GP Strategies Corp.
GPX
$585K 0.02%
44,230
– –
LAND
798
Gladstone Land Corp
LAND
$353M
$582K 0.02%
44,880
– –
FHI icon
799
Federated Hermes
FHI
$4.7B
$581K 0.02%
17,830
+190
+1% +$6.2K
MOS icon
800
The Mosaic Company
MOS
$6.92B
$581K 0.02%
26,840
– –
30 31
32
33 34

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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.