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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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVSA
1001
Covista Inc
CVSA
$4.49B
$271K 0.01%
10,100
– –
RM icon
1002
Regional Management Corp
RM
$301M
$270K 0.01%
19,780
– –
CC icon
1003
Chemours
CC
$2.3B
$269K 0.01%
30,320
– –
F icon
1004
Ford
F
$55.4B
$269K 0.01%
55,660
– –
TWTR
1005
DELISTED
Twitter, Inc.
TWTR
$269K 0.01%
10,950
– –
NSP icon
1006
Insperity
NSP
$2.05B
$268K 0.01%
7,180
– –
SLB icon
1007
SLB Ltd
SLB
$77.3B
$268K 0.01%
19,842
+240
+1% +$6.95K
VREX icon
1008
Varex Imaging
VREX
$780M
$267K 0.01%
11,750
– –
HTLD icon
1009
Heartland Express
HTLD
$979M
$266K 0.01%
14,300
– –
WELL icon
1010
Welltower
WELL
$169B
$266K 0.01%
5,820
+80
+1% +$5.9K
CTBI icon
1011
Community Trust Bancorp
CTBI
$1.44B
$264K 0.01%
8,320
– –
PEB icon
1012
Pebblebrook Hotel Trust
PEB
$2.05B
$264K 0.01%
24,230
– –
TREE icon
1013
LendingTree
TREE
$461M
$264K 0.01%
1,440
+30
+2% +$8.49K
HTB
1014
HomeTrust Bancshares
HTB
$837M
$264K 0.01%
16,590
– –
CCBG icon
1015
Capital City Bank Group
CCBG
$898M
$263K 0.01%
13,080
– –
IBP icon
1016
Installed Building Products
IBP
$6.54B
$263K 0.01%
6,600
+80
+1% +$5.18K
MATV icon
1017
Mativ Holdings
MATV
$667M
$263K 0.01%
9,460
– –
VRSN icon
1018
VeriSign
VRSN
$26B
$263K 0.01%
1,460
– –
VRTU
1019
DELISTED
Virtusa Corporation
VRTU
$263K 0.01%
9,260
– –
BDC icon
1020
Belden
BDC
$5.36B
$262K 0.01%
7,250
+140
+2% +$6.42K
NBN icon
1021
Northeast Bank
NBN
$1.16B
$262K 0.01%
22,490
– –
PLUS icon
1022
ePlus
PLUS
$2.31B
$262K 0.01%
8,360
+100
+1% +$3.81K
DTE icon
1023
DTE Energy
DTE
$29B
$261K 0.01%
3,231
+211
+7% +$21.4K
IDCC icon
1024
InterDigital
IDCC
$8.88B
$261K 0.01%
5,840
+130
+2% +$6.85K
R icon
1025
Ryder
R
$10.1B
$261K 0.01%
9,890
– –
39 40
41
42 43

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VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
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SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
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WPL
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PVI
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Municipal Employees' Retirement System of Michigan's Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.