We are live on ! Find out more
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
CMS icon
1101
CMS Energy
CMS
$22.1B
$234K 0.01%
3,980
– –
MTX icon
1102
Minerals Technologies
MTX
$2.26B
$234K 0.01%
6,450
– –
MATW icon
1103
Matthews International
MATW
$722M
$233K 0.01%
9,640
– –
MCHP icon
1104
Microchip Technology
MCHP
$42.2B
$233K 0.01%
6,860
+180
+3% +$8.47K
O icon
1105
Realty Income
O
$59.6B
$233K 0.01%
4,819
+165
+4% +$11.5K
TCS
1106
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
$233K 0.01%
6,595
– –
RAVN
1107
DELISTED
Raven Industries Inc
RAVN
$233K 0.01%
10,990
– –
UFS
1108
DELISTED
DOMTAR CORPORATION (New)
UFS
$233K 0.01%
10,750
+210
+2% +$6.69K
FTV icon
1109
Fortive
FTV
$18.7B
$232K 0.01%
6,652
– –
TBCH
1110
Turtle Beach Corp
TBCH
$230M
$232K 0.01%
37,190
– –
NBHC icon
1111
National Bank Holdings
NBHC
$1.94B
$231K 0.01%
9,660
+130
+1% +$4.05K
BHE icon
1112
Benchmark Electronics
BHE
$2.89B
$230K 0.01%
11,520
– –
TPH
1113
DELISTED
Tri Pointe Homes
TPH
$230K 0.01%
26,170
– –
CPAY icon
1114
Corpay
CPAY
$27.9B
$229K 0.01%
1,230
– –
AZZ icon
1115
AZZ Inc
AZZ
$4.52B
$228K 0.01%
8,100
+100
+1% +$3.83K
NUS icon
1116
Nu Skin
NUS
$236M
$228K 0.01%
10,420
+200
+2% +$6.02K
USNA icon
1117
Usana Health Sciences
USNA
$252M
$228K 0.01%
3,950
– –
ABR icon
1118
Arbor Realty Trust
ABR
$981M
$227K 0.01%
46,287
– –
TDG icon
1119
TransDigm Group
TDG
$68.9B
$227K 0.01%
710
+10
+1% +$5.45K
USAP
1120
DELISTED
Universal Stainless & Alloy
USAP
$227K 0.01%
29,500
– –
MED icon
1121
Medifast
MED
$128M
$226K 0.01%
3,620
– –
CBB
1122
DELISTED
Cincinnati Bell Inc.
CBB
$226K 0.01%
15,430
– –
CHD icon
1123
Church & Dwight Co
CHD
$24B
$225K 0.01%
3,500
– –
GLUU
1124
DELISTED
Glu Mobile Inc.
GLUU
$224K 0.01%
35,680
+740
+2% +$4.77K
MOV icon
1125
Movado Group
MOV
$796M
$223K 0.01%
18,850
– –
43 44
45
46 47

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.