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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
SXT icon
901
Sensient Technologies
SXT
$5.53B
$515K 0.02%
7,790
+30
+0.4% +$1.92K
VG
902
DELISTED
Vonage Holdings Corporation
VG
$515K 0.02%
69,650
+1,370
+2% +$11.8K
EGBN icon
903
Eagle Bancorp
EGBN
$877M
$514K 0.02%
10,570
+210
+2% +$9.5K
BJ icon
904
BJs Wholesale Club
BJ
$11.8B
$513K 0.02%
+22,580
New +$558K
CVCO icon
905
Cavco Industries
CVCO
$4.6B
$512K 0.02%
2,620
+40
+2% +$7.84K
EQT icon
906
EQT Corp
EQT
$33.8B
$512K 0.02%
47,010
+140
+0.3% +$1.37K
NWBI icon
907
Northwest Bancshares
NWBI
$2.31B
$510K 0.02%
30,680
+600
+2% +$10K
CBT icon
908
Cabot Corp
CBT
$4.45B
$509K 0.02%
10,720
+120
+1% +$5.57K
SACH
909
Sachem Capital Corp
SACH
$38.4M
$508K 0.02%
117,140
– –
NEM icon
910
Newmont
NEM
$120B
$506K 0.02%
11,650
-14,500
-55% -$567K
BGSF icon
911
BGSF Inc
BGSF
$57.6M
$505K 0.02%
23,070
– –
PRAA icon
912
PRA Group
PRAA
$762M
$505K 0.02%
13,900
+230
+2% +$8.14K
THS
913
DELISTED
Treehouse Foods
THS
$505K 0.02%
10,420
+110
+1% +$5.63K
DINO icon
914
HF Sinclair
DINO
$15.6B
$503K 0.02%
9,900
-2,690
-21% -$143K
DVN icon
915
Devon Energy
DVN
$48.8B
$503K 0.02%
19,380
+2,440
+14% +$54.9K
KRG icon
916
Kite Realty
KRG
$5.27B
$502K 0.02%
25,700
+420
+2% +$7.58K
ETRN
917
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$502K 0.02%
37,540
+110
+0.3% +$1.36K
CATM
918
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$501K 0.02%
11,230
+220
+2% +$8.35K
BSTC
919
DELISTED
BioSpecifics Technologies Corp.
BSTC
$501K 0.02%
8,800
– –
FMNB icon
920
Farmers National Banc Corp
FMNB
$957M
$500K 0.02%
30,630
– –
FANG icon
921
Diamondback Energy
FANG
$55.9B
$499K 0.02%
5,370
+170
+3% +$14.1K
AMWD
922
DELISTED
American Woodmark
AMWD
$497K 0.02%
4,760
+90
+2% +$9.04K
ROCK icon
923
Gibraltar Industries
ROCK
$1.46B
$497K 0.02%
9,860
+160
+2% +$8.04K
IRMD icon
924
iRadimed
IRMD
$1.11B
$496K 0.02%
21,210
– –
NBN icon
925
Northeast Bank
NBN
$1.15B
$495K 0.02%
22,490
– –
35 36
37
38 39

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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.