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
-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
OZK icon
776
Bank OZK
OZK
$5.7B
$379K 0.01%
22,690
+270
+1% +$6.94K
CBRL icon
777
Cracker Barrel
CBRL
$1.31B
$376K 0.01%
4,520
+60
+1% +$8.24K
IEC
778
DELISTED
IEC Electronics Corp.
IEC
$376K 0.01%
63,250
– –
FLOW
779
DELISTED
SPX FLOW, Inc.
FLOW
$375K 0.01%
13,190
+160
+1% +$6.1K
GDOT icon
780
Green Dot
GDOT
$770M
$373K 0.01%
14,680
+5,930
+68% +$171K
SGI
781
Somnigroup International
SGI
$14B
$373K 0.01%
34,160
– –
AAT
782
American Assets Trust
AAT
$1.41B
$372K 0.01%
14,860
+240
+2% +$9.71K
GKOS icon
783
Glaukos
GKOS
$11.2B
$372K 0.01%
+12,040
New +$618K
HPQ icon
784
HP
HPQ
$28.6B
$372K 0.01%
21,420
– –
HSIC icon
785
Henry Schein
HSIC
$10B
$372K 0.01%
7,370
– –
UFPT icon
786
UFP Technologies
UFPT
$2.48B
$372K 0.01%
9,760
– –
UMBF icon
787
UMB Financial
UMBF
$11.5B
$372K 0.01%
8,010
– –
CMA
788
DELISTED
Comerica
CMA
$371K 0.01%
12,660
– –
MTZ icon
789
MasTec
MTZ
$23B
$371K 0.01%
11,320
+140
+1% +$7.12K
TNL icon
790
Travel + Leisure Co
TNL
$4.58B
$371K 0.01%
17,110
– –
GNL icon
791
Global Net Lease
GNL
$1.9B
$370K 0.01%
27,710
+330
+1% +$6.15K
HRB icon
792
H&R Block
HRB
$6.76B
$370K 0.01%
26,260
– –
IBCP icon
793
Independent Bank Corp
IBCP
$854M
$369K 0.01%
28,710
– –
RL icon
794
Ralph Lauren
RL
$23.1B
$368K 0.01%
5,500
– –
ED icon
795
Consolidated Edison
ED
$40.1B
$367K 0.01%
4,710
– –
CHH icon
796
Choice Hotels
CHH
$4.71B
$365K 0.01%
+5,960
New +$541K
ENR icon
797
Energizer
ENR
$1.55B
$365K 0.01%
12,070
+180
+2% +$8.17K
OSIS icon
798
OSI Systems
OSIS
$3.77B
$365K 0.01%
5,290
+100
+2% +$8.55K
UAL icon
799
United Airlines
UAL
$41B
$365K 0.01%
11,580
– –
CIVI
800
DELISTED
Civitas Resources
CIVI
$364K 0.01%
32,330
– –
30 31
32
33 34

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 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.