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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
+4.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4.16B
AUM Growth
+$159M
Cap. Flow
-$561K
Cap. Flow %
-0.01%
Top 10 Hldgs %
98.25%
Holding
252
New
2
Increased
5
Reduced
2
Closed
238

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$666M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$125M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$45.1M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$34.1M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$30M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$413M
2
GOVT icon
iShares US Treasury Bond ETF
GOVT
+$108M
3
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$73.5M
4
PYPL icon
PayPal
PYPL
+$3.81M
5
NVDA icon
NVIDIA
NVDA
+$3.76M

Sector Composition

Rank Sector Weight
1 Communication Services 0%
2 Consumer Discretionary 0%
3 Consumer Staples 0%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ED icon
76
Consolidated Edison
ED
$39.9B
– –
-8,630
Closed -$621K
EIX icon
77
Edison International
EIX
$26.7B
– –
-14,500
Closed -$787K
ELV icon
78
Elevance Health
ELV
$86.6B
– –
-2,880
Closed -$757K
EMN icon
79
Eastman Chemical
EMN
$8.29B
– –
-10,920
Closed -$760K
EOG icon
80
EOG Resources
EOG
$75.1B
– –
-5,800
Closed -$294K
EQR icon
81
Equity Residential
EQR
$24.2B
– –
-13,610
Closed -$801K
ES icon
82
Eversource Energy
ES
$26.9B
– –
-10,200
Closed -$849K
ESS icon
83
Essex Property Trust
ESS
$18.1B
– –
-3,960
Closed -$908K
ETR icon
84
Entergy
ETR
$50.3B
– –
-16,720
Closed -$784K
EVRG icon
85
Evergy
EVRG
$19.2B
– –
-17,610
Closed -$1.04M
EW icon
86
Edwards Lifesciences
EW
$53.6B
– –
-10,860
Closed -$751K
EXC icon
87
Exelon
EXC
$46.6B
– –
-37,027
Closed -$958K
EXPE icon
88
Expedia Group
EXPE
$39.1B
– –
-3,800
Closed -$312K
FANG icon
89
Diamondback Energy
FANG
$56.2B
– –
-2,640
Closed -$110K
FBIN icon
90
Fortune Brands Innovations
FBIN
$5.83B
– –
-14,286
Closed -$781K
FCX icon
91
Freeport-McMoran
FCX
$96.9B
– –
-31,870
Closed -$369K
FISV
92
Fiserv Inc
FISV
$27.4B
– –
-11,550
Closed -$1.13M
FIS icon
93
Fidelity National Information Services
FIS
$21.6B
– –
-10,860
Closed -$1.46M
FITB
94
Fifth Third Bancorp
FITB
$52.6B
– –
-29,380
Closed -$566K
FLS icon
95
Flowserve
FLS
$10.3B
– –
-28,370
Closed -$809K
FOX icon
96
Fox Class B
FOX
$23.5B
– –
-26,050
Closed -$699K
FOXA icon
97
Fox Class A
FOXA
$26.5B
– –
-25,570
Closed -$686K
GD icon
98
General Dynamics
GD
$107B
– –
-11,580
Closed -$1.73M
GE icon
99
GE Aerospace
GE
$379B
– –
-13,938
Closed -$474K
GILD icon
100
Gilead Sciences
GILD
$168B
– –
-7,720
Closed -$594K
2 3
4
5 6

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q3 2020 Portfolio in Review

As of Q3 2020, Municipal Employees' Retirement System of Michigan held 252 positions worth $4.16B, up 4% from $4B the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q3 2020 filing shows 2 new, 5 increased, 2 reduced and 238 closed positions. Its largest new stake was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $413M.

By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 0.73% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2020 buy was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q3 2020, an estimated $666M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $413M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares US Treasury Bond ETF in Q3 2020, selling an estimated $108M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 98% of its $4.16B portfolio in Q3 2020.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 238 in Q3 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 4% quarter-over-quarter to $4.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2020, filed 5 Oct 2020.