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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
-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
EPRT icon
826
Essential Properties Realty Trust
EPRT
$6.71B
$356K 0.01%
27,240
+2,440
+10% +$56.5K
FMNB icon
827
Farmers National Banc Corp
FMNB
$970M
$356K 0.01%
30,630
– –
MGM icon
828
MGM Resorts International
MGM
$11.1B
$356K 0.01%
30,150
– –
OLN icon
829
Olin
OLN
$2.17B
$356K 0.01%
30,480
– –
PK icon
830
Park Hotels & Resorts
PK
$3.03B
$355K 0.01%
44,920
+450
+1% +$8.46K
FCX icon
831
Freeport-McMoran
FCX
$93.6B
$354K 0.01%
52,480
– –
FULT icon
832
Fulton Financial
FULT
$4.69B
$354K 0.01%
30,840
– –
ILPT
833
Industrial Logistics Properties Trust
ILPT
$611M
$354K 0.01%
20,190
+270
+1% +$5.67K
VSH icon
834
Vishay Intertechnology
VSH
$5.11B
$354K 0.01%
24,550
– –
HWKN icon
835
Hawkins
HWKN
$2.67B
$353K 0.01%
19,780
– –
LMNX
836
DELISTED
Luminex Corp
LMNX
$353K 0.01%
12,820
– –
CMC icon
837
Commercial Metals
CMC
$7.98B
$352K 0.01%
22,270
+570
+3% +$10.9K
WAB icon
838
Wabtec
WAB
$50.3B
$352K 0.01%
7,307
– –
WTFC icon
839
Wintrust Financial
WTFC
$11B
$352K 0.01%
10,710
+190
+2% +$10.5K
MSCI icon
840
MSCI
MSCI
$41.8B
$350K 0.01%
1,210
+20
+2% +$5.66K
DFIN icon
841
Donnelley Financial Solutions
DFIN
$1.22B
$349K 0.01%
66,340
– –
FONR
842
DELISTED
Fonar
FONR
$349K 0.01%
23,860
– –
PPBI
843
DELISTED
Pacific Premier Bancorp
PPBI
$348K 0.01%
18,470
– –
EFOR
844
Everforth Inc
EFOR
$1.37B
$346K 0.01%
9,810
– –
HOMB icon
845
Home BancShares
HOMB
$6.27B
$346K 0.01%
28,890
– –
PBH icon
846
Prestige Consumer Healthcare
PBH
$2.43B
$346K 0.01%
9,430
+210
+2% +$8.16K
SXT icon
847
Sensient Technologies
SXT
$5.53B
$345K 0.01%
7,940
+150
+2% +$8.26K
XEC
848
DELISTED
CIMAREX ENERGY CO
XEC
$345K 0.01%
20,500
+19,090
+1,354% +$686K
FHI icon
849
Federated Hermes
FHI
$4.74B
$343K 0.01%
18,030
+200
+1% +$5.94K
TRIP icon
850
TripAdvisor
TRIP
$1.29B
$343K 0.01%
19,720
+18,340
+1,329% +$465K
32 33
34
35 36

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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PVI
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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.