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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
NVRI icon
826
Enviri
NVRI
$583M
$565K 0.02%
24,570
+410
+2% +$8.57K
ENOV icon
827
Enovis
ENOV
$1.42B
$564K 0.02%
9,006
+99
+1% +$5.6K
KMT icon
828
Kennametal
KMT
$2.35B
$564K 0.02%
15,300
+170
+1% +$5.69K
FIX icon
829
Comfort Systems
FIX
$60.8B
$562K 0.02%
11,280
+220
+2% +$10.7K
KAMN
830
DELISTED
Kaman Corp
KAMN
$562K 0.02%
8,530
+170
+2% +$10.6K
WABC icon
831
Westamerica Bancorp
WABC
$1.38B
$560K 0.02%
8,260
+150
+2% +$9.8K
SHAK icon
832
Shake Shack
SHAK
$2.94B
$558K 0.02%
9,360
+180
+2% +$12.9K
MSBI icon
833
Midland States Bancorp
MSBI
$698M
$557K 0.02%
19,240
– –
EGHT icon
834
8x8 Inc
EGHT
$290M
$556K 0.02%
30,390
+600
+2% +$11.6K
GNL icon
835
Global Net Lease
GNL
$1.9B
$555K 0.02%
27,380
+2,120
+8% +$41.8K
KN icon
836
Knowles
KN
$3.23B
$554K 0.02%
26,210
+510
+2% +$11K
ALB icon
837
Albemarle
ALB
$15.4B
$553K 0.02%
7,570
-900
-11% -$60.1K
EVR icon
838
Evercore
EVR
$12B
$553K 0.02%
7,400
+90
+1% +$6.86K
HMN icon
839
Horace Mann Educators
HMN
$2.09B
$551K 0.02%
12,610
+210
+2% +$9.28K
MCO icon
840
Moody's
MCO
$82.8B
$551K 0.02%
2,320
– –
MLI icon
841
Mueller Industries
MLI
$15.1B
$551K 0.02%
69,360
+1,120
+2% +$8.57K
CSTE icon
842
Caesarstone
CSTE
$104M
$550K 0.02%
36,470
– –
UMBF icon
843
UMB Financial
UMBF
$11.4B
$550K 0.02%
8,010
+90
+1% +$5.97K
CF icon
844
CF Industries
CF
$17.7B
$549K 0.02%
11,510
+8,410
+271% +$394K
CC icon
845
Chemours
CC
$2.29B
$548K 0.02%
30,320
+330
+1% +$5.48K
GATX icon
846
GATX Corp
GATX
$6.34B
$548K 0.02%
6,620
+70
+1% +$5.63K
ADAM
847
Adamas Trust
ADAM
$913M
$548K 0.02%
22,005
+4,827
+28% +$120K
UVSP icon
848
Univest Financial
UVSP
$1.18B
$547K 0.02%
20,410
– –
CADE
849
DELISTED
Cadence Bank
CADE
$546K 0.02%
17,370
+280
+2% +$8.65K
ONTO icon
850
Onto Innovation
ONTO
$20.6B
$546K 0.02%
14,949
+7,869
+111% +$267K
32 33
34
35 36

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SFM
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AI
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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.