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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MNRO icon
901
Monro
MNRO
$352M
– –
-10,310
Closed -$452K
MO icon
902
Altria Group
MO
$109B
– –
-26,770
Closed -$1.03M
CALY
903
Callaway Golf Company
CALY
$2.95B
– –
-29,150
Closed -$298K
MODV
904
DELISTED
ModivCare
MODV
– –
-3,500
Closed -$192K
MOG.A icon
905
Moog Inc Class A
MOG.A
$13.5B
– –
-9,950
Closed -$503K
MOH icon
906
Molina Healthcare
MOH
$10.7B
– –
-11,770
Closed -$1.64M
MOS icon
907
The Mosaic Company
MOS
$6.92B
– –
-26,840
Closed -$290K
MOV icon
908
Movado Group
MOV
$796M
– –
-18,850
Closed -$223K
MPAA icon
909
Motorcar Parts of America
MPAA
$235M
– –
-5,730
Closed -$72K
MPC icon
910
Marathon Petroleum
MPC
$100B
– –
-17,978
Closed -$425K
MPWR icon
911
Monolithic Power Systems
MPWR
$67B
– –
-7,580
Closed -$1.27M
MPT
912
Medical Properties Trust
MPT
$2.51B
– –
-97,110
Closed -$1.68M
MRCY icon
913
Mercury Systems
MRCY
$6.59B
– –
-10,420
Closed -$743K
MRTN icon
914
Marten Transport
MRTN
$1.24B
– –
-17,805
Closed -$244K
MSA icon
915
Mine Safety
MSA
$7.32B
– –
-6,690
Closed -$677K
MSBI icon
916
Midland States Bancorp
MSBI
$698M
– –
-19,240
Closed -$337K
MSCI icon
917
MSCI
MSCI
$41.8B
– –
-1,210
Closed -$350K
MSI icon
918
Motorola Solutions
MSI
$77B
– –
-2,460
Closed -$327K
MSM icon
919
MSC Industrial Direct
MSM
$6.77B
– –
-8,450
Closed -$464K
MSTR icon
920
Strategy Inc
MSTR
$38.2B
– –
-25,500
Closed -$301K
MTD icon
921
Mettler-Toledo International
MTD
$28.7B
– –
-350
Closed -$242K
MTDR icon
922
Matador Resources
MTDR
$6.39B
– –
-20,230
Closed -$50K
MTH icon
923
Meritage Homes
MTH
$4.8B
– –
-22,300
Closed -$407K
MTRN icon
924
Materion
MTRN
$5.88B
– –
-6,320
Closed -$221K
MTRX icon
925
Matrix Service
MTRX
$328M
– –
-8,220
Closed -$78K
35 36
37
38 39

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 Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.