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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
EQR icon
1076
Equity Residential
EQR
$24.7B
$400K 0.01%
4,940
-260
-5% -$22.1K
VTRS icon
1077
Viatris
VTRS
$18.4B
$400K 0.01%
19,880
– –
ALSK
1078
DELISTED
Alaska Communications Systems
ALSK
$400K 0.01%
225,890
– –
ONDK
1079
DELISTED
On Deck Capital, Inc.
ONDK
$400K 0.01%
96,660
– –
CCBG icon
1080
Capital City Bank Group
CCBG
$898M
$399K 0.01%
13,080
– –
IQV icon
1081
IQVIA
IQV
$39.8B
$399K 0.01%
2,580
+370
+17% +$54K
INN
1082
Summit Hotel Properties
INN
$656M
$397K 0.01%
32,170
+680
+2% +$8.17K
MATV icon
1083
Mativ Holdings
MATV
$667M
$397K 0.01%
9,460
+150
+2% +$6.23K
MED icon
1084
Medifast
MED
$128M
$397K 0.01%
3,620
+50
+1% +$4.84K
SYNA icon
1085
Synaptics
SYNA
$4.2B
$397K 0.01%
6,040
– –
VAL
1086
DELISTED
Valaris plc Class A Ordinary Share
VAL
$397K 0.01%
60,560
+1,190
+2% +$5.8K
BHE icon
1087
Benchmark Electronics
BHE
$2.89B
$396K 0.01%
11,520
+230
+2% +$7.59K
CALM icon
1088
Cal-Maine
CALM
$3.87B
$396K 0.01%
9,270
+190
+2% +$7.92K
EVC icon
1089
Entravision Communication
EVC
$820M
$395K 0.01%
150,770
– –
PTEN icon
1090
Patterson-UTI
PTEN
$4.16B
$395K 0.01%
37,580
+410
+1% +$3.71K
DLX icon
1091
Deluxe
DLX
$1.11B
$394K 0.01%
7,900
+20
+0.3% +$996
PEBO icon
1092
Peoples Bancorp
PEBO
$1.49B
$394K 0.01%
11,380
– –
OXM icon
1093
Oxford Industries
OXM
$542M
$393K 0.01%
5,210
+110
+2% +$7.94K
TLYS icon
1094
Tilly's
TLYS
$122M
$393K 0.01%
32,110
– –
WLY icon
1095
John Wiley & Sons Class A
WLY
$2.63B
$393K 0.01%
8,100
+20
+0.2% +$930
CVET
1096
DELISTED
Covetrus, Inc. Common Stock
CVET
$393K 0.01%
29,810
+11,960
+67% +$145K
AROC icon
1097
Archrock
AROC
$5.85B
$392K 0.01%
39,070
+770
+2% +$7.18K
IPAR icon
1098
Interparfums
IPAR
$3.7B
$392K 0.01%
5,390
+180
+3% +$13.1K
RGNX icon
1099
Regenxbio
RGNX
$704M
$392K 0.01%
9,570
+350
+4% +$13.8K
TCMD icon
1100
Tactile Systems Technology
TCMD
$537M
$392K 0.01%
5,800
+110
+2% +$6.09K
42 43
44
45 46

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SFM
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AI
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SUT
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WPL
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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.