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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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKYW icon
1151
Skywest
SKYW
$4.21B
– –
-15,580
Closed -$408K
SLAB icon
1152
Silicon Laboratories
SLAB
$7.28B
– –
-8,140
Closed -$695K
SLB icon
1153
SLB Ltd
SLB
$77.3B
– –
-19,842
Closed -$268K
SLGN icon
1154
Silgan Holdings
SLGN
$4.46B
– –
-14,320
Closed -$416K
SLM icon
1155
SLM Corp
SLM
$5.22B
– –
-79,130
Closed -$569K
SM icon
1156
SM Energy
SM
$7.71B
– –
-32,470
Closed -$40K
SMBK icon
1157
SmartFinancial
SMBK
$899M
– –
-30,550
Closed -$461K
SMG icon
1158
ScottsMiracle-Gro
SMG
$3.59B
– –
-7,440
Closed -$762K
SMP icon
1159
Standard Motor Products
SMP
$870M
– –
-6,260
Closed -$260K
SMTC icon
1160
Semtech
SMTC
$12.4B
– –
-12,340
Closed -$463K
SNBR
1161
DELISTED
Sleep Number
SNBR
– –
-8,970
Closed -$172K
SND icon
1162
Smart Sand
SND
$213M
– –
-139,520
Closed -$145K
SNEX icon
1163
StoneX
SNEX
$8.05B
– –
-25,566
Closed -$183K
SNPS icon
1164
Synopsys
SNPS
$78.8B
– –
-9,660
Closed -$1.24M
SNV
1165
DELISTED
Synovus
SNV
– –
-27,500
Closed -$483K
SNX icon
1166
TD Synnex
SNX
$20.4B
– –
-15,334
Closed -$560K
SON icon
1167
Sonoco
SON
$5.77B
– –
-18,780
Closed -$870K
SPG icon
1168
Simon Property Group
SPG
$71.7B
– –
-4,370
Closed -$240K
SPGI icon
1169
S&P Global
SPGI
$125B
– –
-3,490
Closed -$855K
SPOK icon
1170
Spok Holdings
SPOK
$230M
– –
-5,370
Closed -$57K
SPSC icon
1171
SPS Commerce
SPSC
$2.86B
– –
-10,790
Closed -$502K
SPTN
1172
DELISTED
SpartanNash
SPTN
– –
-125,340
Closed -$1.79M
SPWH icon
1173
Sportsman's Warehouse
SPWH
$46.8M
– –
-110,950
Closed -$683K
SPXC icon
1174
SPX Corp
SPXC
$10.6B
– –
-13,680
Closed -$447K
SR icon
1175
Spire
SR
$4.9B
– –
-9,570
Closed -$713K
45 46
47
48 49

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 Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.