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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
PSA icon
976
Public Storage
PSA
$60.4B
$454K 0.01%
2,130
+20
+0.9% +$4.44K
UHT
977
Universal Health Realty Income Trust
UHT
$573M
$454K 0.01%
3,870
+60
+2% +$6.83K
HWKN icon
978
Hawkins
HWKN
$2.67B
$453K 0.01%
19,780
– –
VRA icon
979
Vera Bradley
VRA
$96.7M
$453K 0.01%
38,410
+960
+3% +$10.6K
STZ icon
980
Constellation Brands
STZ
$22.9B
$452K 0.01%
2,380
+30
+1% +$5.67K
TTMI icon
981
TTM Technologies
TTMI
$14.5B
$452K 0.01%
30,020
+590
+2% +$7.76K
OII icon
982
Oceaneering
OII
$5.08B
$451K 0.01%
30,280
+12,010
+66% +$167K
ECOL
983
DELISTED
US Ecology, Inc.
ECOL
$451K 0.01%
7,790
+1,140
+17% +$67.6K
HLT icon
984
Hilton Worldwide
HLT
$72.6B
$450K 0.01%
4,060
– –
IBP icon
985
Installed Building Products
IBP
$6.46B
$449K 0.01%
6,520
+120
+2% +$8.09K
LZB icon
986
La-Z-Boy
LZB
$1.64B
$449K 0.01%
14,270
+280
+2% +$9.39K
PPG icon
987
PPG Industries
PPG
$25.5B
$449K 0.01%
3,360
+50
+2% +$6.33K
VC icon
988
Visteon
VC
$2.84B
$449K 0.01%
5,190
+60
+1% +$5.34K
THRM icon
989
Gentherm
THRM
$1.27B
$448K 0.01%
10,090
+190
+2% +$8.1K
ILPT
990
Industrial Logistics Properties Trust
ILPT
$605M
$447K 0.01%
+19,920
New +$427K
MEI icon
991
Methode Electronics
MEI
$602M
$447K 0.01%
11,350
+210
+2% +$7.62K
USPH icon
992
US Physical Therapy
USPH
$1.22B
$447K 0.01%
3,910
+70
+2% +$8.72K
SLGN icon
993
Silgan Holdings
SLGN
$4.3B
$445K 0.01%
14,320
+40
+0.3% +$1.22K
HTB
994
HomeTrust Bancshares
HTB
$831M
$445K 0.01%
16,590
– –
OKE icon
995
Oneok
OKE
$58.3B
$444K 0.01%
5,870
+80
+1% +$5.72K
EQBK icon
996
Equity Bancshares
EQBK
$1.06B
$443K 0.01%
14,350
– –
SNBR
997
DELISTED
Sleep Number
SNBR
$442K 0.01%
8,970
+170
+2% +$8.08K
CTB
998
DELISTED
Cooper Tire & Rubber Co.
CTB
$442K 0.01%
15,360
+250
+2% +$7.07K
BBT
999
Beacon Financial Corp
BBT
$2.71B
$441K 0.01%
13,400
+270
+2% +$8.46K
BYD icon
1000
Boyd Gaming
BYD
$6.03B
$441K 0.01%
14,720
+40
+0.3% +$1.13K
38 39
40
41 42

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SFM
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AI
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PEA
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SUT
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MU
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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.