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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
LBC
1051
DELISTED
Luther Burbank Corporation Common Stock
LBC
$414K 0.01%
35,910
– –
WEC icon
1052
WEC Energy
WEC
$35.9B
$413K 0.01%
4,483
+60
+1% +$5.47K
EGLE
1053
DELISTED
Eagle Bulk Shipping Inc.
EGLE
$413K 0.01%
12,830
– –
CHCO icon
1054
City Holding Co
CHCO
$2.08B
$411K 0.01%
5,020
+100
+2% +$7.92K
PVH icon
1055
PVH
PVH
$3.77B
$411K 0.01%
3,910
-620
-14% -$59.2K
MOV icon
1056
Movado Group
MOV
$796M
$410K 0.01%
18,850
– –
BBBY
1057
DELISTED
Bed Bath & Beyond Inc
BBBY
$410K 0.01%
23,700
+260
+1% +$3.64K
IPI icon
1058
Intrepid Potash
IPI
$484M
$409K 0.01%
15,082
– –
TRMK icon
1059
Trustmark
TRMK
$2.8B
$409K 0.01%
11,850
+30
+0.3% +$1.04K
EIG icon
1060
Employers Holdings
EIG
$871M
$408K 0.01%
9,770
+190
+2% +$8.07K
KLAC icon
1061
KLA
KLAC
$274B
$408K 0.01%
22,900
-52,400
-70% -$879K
TPH
1062
DELISTED
Tri Pointe Homes
TPH
$408K 0.01%
26,170
+70
+0.3% +$1.08K
WMB icon
1063
Williams Companies
WMB
$89.3B
$408K 0.01%
17,220
+210
+1% +$4.81K
AVAV icon
1064
AeroVironment
AVAV
$9.59B
$407K 0.01%
6,600
+180
+3% +$10.8K
GNW icon
1065
Genworth Financial
GNW
$3.77B
$407K 0.01%
92,600
+260
+0.3% +$1.09K
UE icon
1066
Urban Edge Properties
UE
$2.78B
$406K 0.01%
21,180
+60
+0.3% +$1.21K
SBH icon
1067
Sally Beauty Holdings
SBH
$1.55B
$405K 0.01%
22,180
+70
+0.3% +$1.22K
TPR icon
1068
Tapestry
TPR
$25.9B
$404K 0.01%
15,010
-4,530
-23% -$118K
COKE icon
1069
Coca-Cola Consolidated
COKE
$12.7B
$403K 0.01%
14,200
+200
+1% +$5.6K
FBC
1070
DELISTED
Flagstar Bancorp, Inc. New
FBC
$403K 0.01%
10,540
+2,070
+24% +$77.4K
UFS
1071
DELISTED
DOMTAR CORPORATION (New)
UFS
$403K 0.01%
10,540
-940
-8% -$34.8K
BRKL
1072
DELISTED
Brookline Bancorp
BRKL
$402K 0.01%
24,430
+400
+2% +$6.3K
EGY icon
1073
Vaalco Energy
EGY
$592M
$401K 0.01%
180,690
– –
BFYT
1074
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$401K 0.01%
20,810
– –
APT icon
1075
Alpha Pro Tech
APT
$55.7M
$400K 0.01%
116,670
– –
41 42
43
44 45

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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.