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
PSMT icon
801
Pricesmart
PSMT
$5.55B
$363K 0.01%
6,910
+90
+1% +$5.26K
SHAK icon
802
Shake Shack
SHAK
$2.98B
$363K 0.01%
9,620
+260
+3% +$15.4K
SYNA icon
803
Synaptics
SYNA
$4.2B
$363K 0.01%
6,280
+240
+4% +$16.3K
BGS icon
804
B&G Foods
BGS
$299M
$362K 0.01%
20,010
– –
CROX icon
805
Crocs
CROX
$6.36B
$362K 0.01%
21,300
– –
FRST icon
806
Primis Financial Corp
FRST
$413M
$362K 0.01%
36,760
– –
WHR icon
807
Whirlpool
WHR
$2.79B
$362K 0.01%
4,220
– –
WSR
808
DELISTED
Whitestone REIT
WSR
$362K 0.01%
58,360
+390
+0.7% +$4.59K
DD icon
809
DuPont de Nemours
DD
$19.5B
$361K 0.01%
8,437
– –
MCK icon
810
McKesson
MCK
$99.9B
$361K 0.01%
2,670
– –
UNIT
811
Uniti Group
UNIT
$2.38B
$361K 0.01%
59,880
+24,240
+68% +$190K
MDC
812
DELISTED
M.D.C. Holdings, Inc.
MDC
$360K 0.01%
16,752
+367
+2% +$12.9K
CNO icon
813
CNO Financial Group
CNO
$5.07B
$359K 0.01%
28,940
– –
ES icon
814
Eversource Energy
ES
$27.2B
$359K 0.01%
4,590
– –
NWBI icon
815
Northwest Bancshares
NWBI
$2.31B
$359K 0.01%
31,060
+380
+1% +$5.54K
XHR
816
Xenia Hotels & Resorts
XHR
$1.76B
$359K 0.01%
34,900
+430
+1% +$7.15K
MINI
817
DELISTED
Mobile Mini Inc
MINI
$359K 0.01%
13,680
– –
FBP icon
818
First Bancorp
FBP
$4.49B
$358K 0.01%
67,340
+830
+1% +$6.82K
IRBT
819
DELISTED
iRobot
IRBT
$358K 0.01%
8,760
+150
+2% +$7.2K
RCKY icon
820
Rocky Brands
RCKY
$353M
$358K 0.01%
18,520
– –
WD icon
821
Walker & Dunlop
WD
$1.47B
$358K 0.01%
8,880
+130
+1% +$8.19K
DXPE icon
822
DXP Enterprises
DXPE
$3B
$357K 0.01%
29,110
– –
EPR icon
823
EPR Properties
EPR
$4.73B
$357K 0.01%
14,720
+330
+2% +$18.9K
KN icon
824
Knowles
KN
$3.23B
$357K 0.01%
26,660
+450
+2% +$7.82K
GWB
825
DELISTED
Great Western Bancorp, Inc.
GWB
$357K 0.01%
17,430
– –
31 32
33
34 35

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.