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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
SCHL icon
1151
Scholastic
SCHL
$784M
$363K 0.01%
9,440
+190
+2% +$7.16K
NP
1152
DELISTED
Neenah, Inc. Common Stock
NP
$363K 0.01%
5,160
+80
+2% +$5.44K
SBSI icon
1153
Southside Bancshares
SBSI
$984M
$361K 0.01%
9,707
+160
+2% +$5.65K
X
1154
DELISTED
US Steel
X
$361K 0.01%
31,670
+350
+1% +$4.34K
PATK icon
1155
Patrick Industries
PATK
$2.78B
$360K 0.01%
10,298
+195
+2% +$6.34K
RDI icon
1156
Reading International Class A
RDI
$33.2M
$360K 0.01%
32,210
– –
URBN icon
1157
Urban Outfitters
URBN
$6.53B
$360K 0.01%
12,980
+240
+2% +$6.67K
ESTE
1158
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$360K 0.01%
56,850
– –
BGS icon
1159
B&G Foods
BGS
$299M
$359K 0.01%
20,010
+380
+2% +$6.39K
III icon
1160
Information Services Group
III
$250M
$359K 0.01%
141,710
– –
TEX icon
1161
Terex
TEX
$7.57B
$359K 0.01%
12,050
+410
+4% +$11.5K
MSTR icon
1162
Strategy Inc
MSTR
$38.2B
$358K 0.01%
25,100
+400
+2% +$5.96K
PXD
1163
DELISTED
Pioneer Natural Resource Co.
PXD
$357K 0.01%
2,360
-2,320
-50% -$309K
AMPY icon
1164
Amplify Energy
AMPY
$200M
$356K 0.01%
53,860
– –
MBUU icon
1165
Malibu Boats
MBUU
$573M
$356K 0.01%
8,690
– –
DLR icon
1166
Digital Realty Trust
DLR
$73.1B
$354K 0.01%
2,960
+40
+1% +$4.92K
CPAY icon
1167
Corpay
CPAY
$27.9B
$354K 0.01%
1,230
+30
+3% +$8.85K
CVSA
1168
Covista Inc
CVSA
$4.49B
$353K 0.01%
10,100
+20
+0.2% +$689
SWK icon
1169
Stanley Black & Decker
SWK
$15.4B
$353K 0.01%
2,130
– –
SND icon
1170
Smart Sand
SND
$213M
$352K 0.01%
139,520
– –
TBCH
1171
Turtle Beach Corp
TBCH
$230M
$351K 0.01%
37,190
– –
TWTR
1172
DELISTED
Twitter, Inc.
TWTR
$351K 0.01%
10,950
+700
+7% +$23K
CAR icon
1173
Avis
CAR
$4.84B
$350K 0.01%
10,850
+120
+1% +$3.6K
MCHP icon
1174
Microchip Technology
MCHP
$42.2B
$350K 0.01%
6,680
– –
VREX icon
1175
Varex Imaging
VREX
$780M
$350K 0.01%
11,750
+270
+2% +$8.07K
45 46
47
48 49

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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.