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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
PLAY icon
1126
Dave & Buster's
PLAY
$370M
$379K 0.01%
9,440
-1,510
-14% -$60.5K
RAVN
1127
DELISTED
Raven Industries Inc
RAVN
$379K 0.01%
10,990
+210
+2% +$7.17K
PH icon
1128
Parker-Hannifin
PH
$134B
$375K 0.01%
1,820
-7,680
-81% -$1.49M
GCP
1129
DELISTED
GCP Applied Technologies Inc.
GCP
$374K 0.01%
16,460
+330
+2% +$7.1K
WDR
1130
DELISTED
Waddell & Reed Financial, Inc.
WDR
$374K 0.01%
22,360
+440
+2% +$7.17K
PBH icon
1131
Prestige Consumer Healthcare
PBH
$2.43B
$373K 0.01%
9,220
– –
GEO icon
1132
The GEO Group
GEO
$4B
$372K 0.01%
22,375
+130
+0.6% +$1.97K
MTX icon
1133
Minerals Technologies
MTX
$2.26B
$372K 0.01%
6,450
+20
+0.3% +$1.07K
FOE
1134
DELISTED
Ferro Corporation
FOE
$372K 0.01%
25,070
+490
+2% +$6.32K
CENTA icon
1135
Central Garden & Pet Co Class A
CENTA
$2.41B
$371K 0.01%
15,813
+325
+2% +$7.3K
MTRN icon
1136
Materion
MTRN
$5.88B
$371K 0.01%
6,240
+140
+2% +$8.28K
DCH
1137
Dauch Corp
DCH
$1.6B
$370K 0.01%
34,420
+720
+2% +$6.85K
DHC
1138
Diversified Healthcare Trust
DHC
$2.03B
$370K 0.01%
43,870
+250
+0.6% +$2.11K
DXC icon
1139
DXC Technology
DXC
$1.79B
$370K 0.01%
9,848
– –
RPT
1140
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$370K 0.01%
24,590
+510
+2% +$7.28K
MCK icon
1141
McKesson
MCK
$99.9B
$369K 0.01%
2,670
– –
AZZ icon
1142
AZZ Inc
AZZ
$4.52B
$368K 0.01%
8,000
+170
+2% +$6.95K
MATW icon
1143
Matthews International
MATW
$722M
$368K 0.01%
9,640
+190
+2% +$6.97K
CLNE icon
1144
Clean Energy Fuels
CLNE
$395M
$367K 0.01%
156,810
– –
GENC icon
1145
Gencor Industries
GENC
$264M
$367K 0.01%
31,490
– –
WIRE
1146
DELISTED
Encore Wire Corp
WIRE
$367K 0.01%
6,400
+110
+2% +$6.32K
WTW icon
1147
Willis Towers Watson
WTW
$31B
$366K 0.01%
1,810
-6,050
-77% -$1.16M
LYB icon
1148
LyondellBasell Industries
LYB
$20.2B
$365K 0.01%
3,860
-9,250
-71% -$848K
SM icon
1149
SM Energy
SM
$7.71B
$365K 0.01%
32,470
+1,530
+5% +$13.8K
MTDR icon
1150
Matador Resources
MTDR
$6.39B
$364K 0.01%
20,230
+810
+4% +$12.1K
44 45
46
47 48

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SFM
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AI
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PEA
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SUT
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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.