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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
AX icon
926
Axos Financial
AX
$5.68B
$494K 0.02%
16,300
+320
+2% +$9.35K
MOD icon
927
Modine Manufacturing
MOD
$10.6B
$494K 0.02%
64,160
– –
HSIC icon
928
Henry Schein
HSIC
$10.1B
$492K 0.02%
7,370
– –
BFIN
929
DELISTED
BankFinancial
BFIN
$488K 0.02%
37,310
– –
DAN icon
930
Dana Inc
DAN
$3.2B
$486K 0.02%
26,700
+300
+1% +$5K
FLR icon
931
Fluor
FLR
$6.96B
$486K 0.02%
25,740
-6,100
-19% -$111K
FFWM
932
DELISTED
First Foundation Inc
FFWM
$484K 0.02%
27,800
– –
PSMT icon
933
Pricesmart
PSMT
$5.49B
$484K 0.02%
+6,820
New +$490K
UFPT icon
934
UFP Technologies
UFPT
$2.48B
$484K 0.02%
9,760
– –
CMD
935
DELISTED
Cantel Medical Corporation
CMD
$484K 0.02%
6,820
+80
+1% +$5.8K
ATI icon
936
ATI
ATI
$31.4B
$483K 0.02%
23,390
+260
+1% +$5.64K
CHX
937
DELISTED
ChampionX
CHX
$483K 0.02%
14,290
+80
+0.6% +$2.18K
CMC icon
938
Commercial Metals
CMC
$7.98B
$483K 0.02%
21,700
+70
+0.3% +$1.42K
ORLY icon
939
O'Reilly Automotive
ORLY
$74.5B
$482K 0.02%
16,500
– –
SWBI icon
940
Smith & Wesson
SWBI
$636M
$482K 0.02%
67,535
– –
CNOB icon
941
Center Bancorp
CNOB
$1.81B
$481K 0.02%
18,710
– –
SBCF icon
942
Seacoast Banking Corp of Florida
SBCF
$3.44B
$481K 0.02%
15,750
+340
+2% +$9.66K
BEAT
943
DELISTED
BioTelemetry, Inc.
BEAT
$480K 0.02%
10,370
+190
+2% +$8.23K
KEM
944
DELISTED
KEMET Corporation
KEM
$480K 0.02%
17,760
+380
+2% +$9.23K
ALRM icon
945
Alarm.com
ALRM
$2.72B
$478K 0.02%
11,130
+220
+2% +$9.92K
FFIC
946
DELISTED
Flushing Financial
FFIC
$478K 0.02%
22,140
– –
MRO
947
DELISTED
Marathon Oil Corporation
MRO
$476K 0.02%
35,050
– –
STBA icon
948
S&T Bancorp
STBA
$1.82B
$475K 0.02%
11,790
+1,440
+14% +$54.5K
OPI
949
DELISTED
Office Properties Income Trust
OPI
$473K 0.02%
14,720
+230
+2% +$7.37K
XEL icon
950
Xcel Energy
XEL
$49.1B
$472K 0.02%
7,430
+210
+3% +$13.1K
36 37
38
39 40

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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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PVI
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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.