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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
VGR
951
DELISTED
Vector Group Ltd.
VGR
$472K 0.02%
49,738
+1,326
+3% +$11.6K
PDCE
952
DELISTED
PDC Energy, Inc.
PDCE
$472K 0.02%
18,020
+350
+2% +$8.4K
WBD icon
953
Warner Bros
WBD
$69.6B
$471K 0.02%
14,380
– –
FONR
954
DELISTED
Fonar
FONR
$470K 0.02%
23,860
– –
WELL icon
955
Welltower
WELL
$166B
$469K 0.02%
5,740
+60
+1% +$5.14K
RMBS icon
956
Rambus
RMBS
$10.8B
$468K 0.02%
34,010
+860
+3% +$11.5K
CONN
957
DELISTED
Conn's Inc.
CONN
$465K 0.02%
37,540
– –
PRFT
958
DELISTED
Perficient Inc
PRFT
$463K 0.02%
10,050
+200
+2% +$8.15K
MNDO icon
959
Mind CTI
MNDO
$20.6M
$462K 0.01%
191,480
– –
JCI icon
960
Johnson Controls International
JCI
$92.6B
$460K 0.01%
11,307
-23,550
-68% -$994K
DCOM icon
961
Dime Commercial Bancshares
DCOM
$1.81B
$459K 0.01%
13,680
– –
CAC icon
962
Camden National
CAC
$990M
$458K 0.01%
9,940
– –
IBOC icon
963
International Bancshares
IBOC
$4.52B
$458K 0.01%
10,630
+430
+4% +$17.8K
ODP
964
DELISTED
ODP
ODP
$458K 0.01%
16,721
+353
+2% +$7.86K
TSE
965
DELISTED
Trinseo
TSE
$458K 0.01%
12,300
+240
+2% +$9.75K
EGOV
966
DELISTED
NIC Inc
EGOV
$458K 0.01%
20,490
+330
+2% +$7.22K
PFS icon
967
Provident Financial Services
PFS
$3.24B
$457K 0.01%
18,550
+360
+2% +$8.89K
FLWS icon
968
1-800-Flowers.com
FLWS
$262M
$456K 0.01%
31,470
– –
MLKN icon
969
MillerKnoll
MLKN
$1.64B
$456K 0.01%
10,950
+120
+1% +$5.55K
TDS icon
970
Telephone and Data Systems
TDS
$4.03B
$456K 0.01%
17,950
+370
+2% +$9.07K
TEL icon
971
TE Connectivity
TEL
$62B
$456K 0.01%
4,760
-16,450
-78% -$1.52M
TT icon
972
Trane Technologies
TT
$105B
$456K 0.01%
3,430
+40
+1% +$5.07K
VTOL icon
973
Bristow Group
VTOL
$1.36B
$456K 0.01%
22,410
– –
AIR icon
974
AAR Corp
AIR
$5.96B
$455K 0.01%
10,090
+270
+3% +$11.7K
CVGW
975
DELISTED
Calavo Growers
CVGW
$454K 0.01%
5,010
+100
+2% +$8.94K
37 38
39
40 41

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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.