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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
TFC icon
76
Truist Financial
TFC
$64.7B
$2.48M 0.08%
43,977
+7,297
+20% +$395K
RSG icon
77
Republic Services
RSG
$65.9B
$2.48M 0.08%
27,620
+24,600
+815% +$2.15M
WM icon
78
Waste Management
WM
$89.6B
$2.44M 0.08%
21,420
+15,940
+291% +$1.8M
CTXS
79
DELISTED
Citrix Systems Inc
CTXS
$2.42M 0.08%
21,850
+20,130
+1,170% +$2.17M
STE icon
80
Steris
STE
$23B
$2.4M 0.08%
15,710
+170
+1% +$24.9K
GS icon
81
Goldman Sachs
GS
$304B
$2.36M 0.08%
10,280
-490
-5% -$106K
MET icon
82
MetLife
MET
$61.9B
$2.34M 0.08%
45,930
+5,460
+13% +$264K
TDY icon
83
Teledyne Technologies
TDY
$31.2B
$2.34M 0.08%
6,750
+80
+1% +$26.9K
MMM icon
84
3M
MMM
$94.2B
$2.33M 0.08%
15,787
-12,522
-44% -$1.75M
ETN icon
85
Eaton
ETN
$176B
$2.29M 0.07%
24,180
– –
DPZ icon
86
Domino's
DPZ
$11.6B
$2.25M 0.07%
7,650
+90
+1% +$24.8K
APD icon
87
Air Products & Chemicals
APD
$68B
$2.24M 0.07%
9,550
+6,460
+209% +$1.46M
ITW icon
88
Illinois Tool Works
ITW
$82.9B
$2.19M 0.07%
12,220
– –
GILD icon
89
Gilead Sciences
GILD
$171B
$2.19M 0.07%
33,630
+100
+0.3% +$6.51K
COF icon
90
Capital One
COF
$137B
$2.17M 0.07%
21,120
-2,760
-12% -$266K
TER icon
91
Teradyne
TER
$64.2B
$2.15M 0.07%
31,520
+340
+1% +$21.6K
TYL icon
92
Tyler Technologies
TYL
$13.5B
$2.15M 0.07%
7,160
+80
+1% +$22.3K
Y
93
DELISTED
Alleghany Corp
Y
$2.14M 0.07%
2,680
+30
+1% +$23.4K
BMY icon
94
Bristol-Myers Squibb
BMY
$132B
$2.14M 0.07%
33,300
-9,600
-22% -$550K
CNXN icon
95
PC Connection
CNXN
$2.04B
$2.14M 0.07%
43,010
– –
D icon
96
Dominion Energy
D
$60.3B
$2.13M 0.07%
25,678
-1,350
-5% -$110K
CVS icon
97
CVS Health
CVS
$121B
$2.12M 0.07%
28,523
+10,290
+56% +$723K
PENG
98
Penguin Solutions Inc
PENG
$3.12B
$2.09M 0.07%
109,980
+460
+0.4% +$7.13K
VNO icon
99
Vornado Realty Trust
VNO
$7.41B
$2.07M 0.07%
31,120
+28,720
+1,197% +$1.86M
WST icon
100
West Pharmaceutical
WST
$24.4B
$2.06M 0.07%
13,680
+150
+1% +$21.8K
2 3
4
5 6

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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.