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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
WGO icon
851
Winnebago Industries
WGO
$915M
$546K 0.02%
10,310
+820
+9% +$38.3K
ACHC icon
852
Acadia Healthcare
ACHC
$2.95B
$545K 0.02%
16,420
+180
+1% +$5.64K
LTC
853
LTC Properties
LTC
$2.1B
$545K 0.02%
12,170
+200
+2% +$9.61K
RCKY icon
854
Rocky Brands
RCKY
$353M
$545K 0.02%
18,520
– –
KBH icon
855
KB Home
KBH
$3.42B
$544K 0.02%
15,860
+170
+1% +$5.87K
NBTB icon
856
NBT Bancorp
NBTB
$2.78B
$544K 0.02%
13,400
+220
+2% +$8.63K
KALU icon
857
Kaiser Aluminum
KALU
$2.99B
$543K 0.02%
4,900
+100
+2% +$10.7K
LM
858
DELISTED
Legg Mason, Inc.
LM
$543K 0.02%
15,130
+170
+1% +$6.31K
COHR icon
859
Coherent
COHR
$64B
$541K 0.02%
16,070
-9,798
-38% -$312K
OPLN
860
Openlane
OPLN
$4.34B
$540K 0.02%
24,760
+270
+1% +$6.16K
THFF icon
861
First Financial Corp
THFF
$970M
$540K 0.02%
11,820
– –
WAFD icon
862
WaFd
WAFD
$2.79B
$540K 0.02%
14,730
+160
+1% +$5.88K
PCH
863
DELISTED
PotlatchDeltic
PCH
$539K 0.02%
12,464
+140
+1% +$5.98K
FULT icon
864
Fulton Financial
FULT
$4.67B
$538K 0.02%
30,840
+340
+1% +$5.78K
R icon
865
Ryder
R
$10.1B
$537K 0.02%
9,890
+110
+1% +$5.72K
CATY icon
866
Cathay General Bancorp
CATY
$4.31B
$535K 0.02%
14,070
+160
+1% +$5.85K
JOUT icon
867
Johnson Outdoors
JOUT
$499M
$535K 0.02%
6,980
– –
MATX icon
868
Matsons
MATX
$6.41B
$535K 0.02%
13,120
+220
+2% +$8.39K
GPI icon
869
Group 1 Automotive
GPI
$3.17B
$534K 0.02%
5,340
+100
+2% +$9.87K
UCFC
870
DELISTED
United Community Financial Corp
UCFC
$533K 0.02%
45,690
– –
CTRA
871
DELISTED
Coterra Energy
CTRA
$531K 0.02%
30,520
– –
SFBS
872
ServisFirst Bancshares
SFBS
$5B
$531K 0.02%
14,090
+230
+2% +$8.22K
AN icon
873
AutoNation
AN
$6.9B
$530K 0.02%
10,900
+240
+2% +$12.2K
TCBI icon
874
Texas Capital Bancshares
TCBI
$4.38B
$530K 0.02%
9,330
+100
+1% +$5.7K
KLIC icon
875
Kulicke & Soffa
KLIC
$5.01B
$528K 0.02%
19,410
+390
+2% +$9.62K
33 34
35
36 37

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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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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.