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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
TCO
1176
DELISTED
Taubman Centers Inc.
TCO
$350K 0.01%
11,260
+30
+0.3% +$1.03K
MNST icon
1177
Monster Beverage
MNST
$91.4B
$349K 0.01%
21,960
– –
PIPR icon
1178
Piper Sandler
PIPR
$5.54B
$348K 0.01%
17,400
+360
+2% +$6.97K
PLUS icon
1179
ePlus
PLUS
$2.31B
$348K 0.01%
8,260
+160
+2% +$6.52K
SIG icon
1180
Signet Jewelers
SIG
$3.6B
$348K 0.01%
15,990
+310
+2% +$5.5K
TMUS icon
1181
T-Mobile US
TMUS
$197B
$348K 0.01%
4,440
– –
XLNX
1182
DELISTED
Xilinx Inc
XLNX
$348K 0.01%
3,560
-3,040
-46% -$286K
APA icon
1183
APA Corp
APA
$14B
$347K 0.01%
13,590
+230
+2% +$5.21K
TMP icon
1184
Tompkins Financial
TMP
$1.45B
$347K 0.01%
3,790
+50
+1% +$4.32K
PFC
1185
DELISTED
Premier Financial Corp. Common Stock
PFC
$346K 0.01%
11,000
– –
GMS
1186
DELISTED
GMS Inc
GMS
$345K 0.01%
12,740
+250
+2% +$7.33K
APTV icon
1187
Aptiv
APTV
$10.2B
$344K 0.01%
3,620
– –
NTUS
1188
DELISTED
Natus Medical Inc
NTUS
$344K 0.01%
10,430
+240
+2% +$7.69K
GTY
1189
Getty Realty Corp
GTY
$2.05B
$343K 0.01%
10,448
+250
+2% +$8.22K
HBI
1190
DELISTED
Hanesbrands
HBI
$343K 0.01%
23,120
– –
VRSK icon
1191
Verisk Analytics
VRSK
$24.2B
$343K 0.01%
2,300
– –
BIG
1192
DELISTED
Big Lots, Inc.
BIG
$343K 0.01%
11,940
+240
+2% +$5.54K
M icon
1193
Macy's
M
$6.27B
$342K 0.01%
20,150
+6,930
+52% +$108K
CVLT icon
1194
Commault Systems
CVLT
$6.26B
$341K 0.01%
7,630
– –
ADNT icon
1195
Adient
ADNT
$1.54B
$340K 0.01%
16,020
+50
+0.3% +$1.11K
OI icon
1196
O-I Glass
OI
$1.05B
$340K 0.01%
28,520
– –
HOUS
1197
DELISTED
Anywhere Real Estate
HOUS
$339K 0.01%
34,990
+580
+2% +$5.32K
JACK icon
1198
Jack in the Box
JACK
$358M
$339K 0.01%
4,350
-390
-8% -$32.3K
LGND icon
1199
Ligand Pharmaceuticals
LGND
$5.76B
$337K 0.01%
5,178
-416
-7% -$27.8K
NBHC icon
1200
National Bank Holdings
NBHC
$1.94B
$336K 0.01%
9,530
+190
+2% +$6.7K
46 47
48
49 50

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SFM
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AI
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PEA
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SUT
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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.