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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
BMI icon
801
Badger Meter
BMI
$3.91B
$579K 0.02%
8,910
+140
+2% +$8.31K
MDC
802
DELISTED
M.D.C. Holdings, Inc.
MDC
$579K 0.02%
16,385
+378
+2% +$14.2K
HVT icon
803
Haverty Furniture Companies
HVT
$441M
$578K 0.02%
28,640
– –
PCRX icon
804
Pacira BioSciences
PCRX
$924M
$577K 0.02%
+12,740
New +$541K
CPE
805
DELISTED
Callon Petroleum Company
CPE
$577K 0.02%
11,943
+7,730
+183% +$320K
TSC
806
DELISTED
TriState Capital Holdings, Inc.
TSC
$577K 0.02%
22,090
– –
HOPE icon
807
Hope Bancorp
HOPE
$1.83B
$576K 0.02%
38,771
+760
+2% +$11K
BMTC
808
DELISTED
Bryn Mawr Bank Corp
BMTC
$576K 0.02%
13,960
– –
DOW icon
809
Dow Inc
DOW
$21.9B
$575K 0.02%
10,511
– –
HES
810
DELISTED
Hess
HES
$575K 0.02%
8,610
-740
-8% -$48.4K
IEC
811
DELISTED
IEC Electronics Corp.
IEC
$575K 0.02%
63,250
– –
CVGI icon
812
Commercial Vehicle Group
CVGI
$128M
$574K 0.02%
90,360
– –
CVLG icon
813
Covenant Logistics
CVLG
$865M
$574K 0.02%
88,840
– –
WWE
814
DELISTED
World Wrestling Entertainment
WWE
$572K 0.02%
8,820
+90
+1% +$5.69K
ADSK icon
815
Autodesk
ADSK
$52.7B
$571K 0.02%
3,110
+30
+1% +$4.86K
HTBK
816
DELISTED
Heritage Commerce
HTBK
$571K 0.02%
44,480
– –
UTMD icon
817
Utah Medical Products
UTMD
$230M
$570K 0.02%
5,280
– –
GNK icon
818
Genco Shipping & Trading
GNK
$1.1B
$569K 0.02%
53,570
– –
PRGS icon
819
Progress Software
PRGS
$1.79B
$569K 0.02%
13,690
+270
+2% +$11K
WAB icon
820
Wabtec
WAB
$49.9B
$569K 0.02%
7,307
+4,750
+186% +$352K
DG icon
821
Dollar General
DG
$26.4B
$568K 0.02%
3,640
– –
HOMB icon
822
Home BancShares
HOMB
$6.23B
$568K 0.02%
28,890
+320
+1% +$6.03K
RWT
823
Redwood Trust
RWT
$592M
$567K 0.02%
34,300
+670
+2% +$11K
TDC icon
824
Teradata
TDC
$2.49B
$566K 0.02%
21,160
+230
+1% +$6.39K
WD icon
825
Walker & Dunlop
WD
$1.45B
$566K 0.02%
8,750
+230
+3% +$14.6K
31 32
33
34 35

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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.