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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
CERN
1201
DELISTED
Cerner Corp
CERN
$335K 0.01%
4,570
– –
ZAGG
1202
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
$335K 0.01%
41,290
– –
ANF icon
1203
Abercrombie & Fitch
ANF
$4.84B
$334K 0.01%
19,320
+370
+2% +$6.12K
DTE icon
1204
DTE Energy
DTE
$29B
$334K 0.01%
3,020
-12,549
-81% -$1.35M
PRGO icon
1205
Perrigo
PRGO
$1.78B
$334K 0.01%
6,450
+250
+4% +$13.1K
HCC icon
1206
Warrior Met Coal
HCC
$4.98B
$333K 0.01%
15,780
+310
+2% +$6.33K
O icon
1207
Realty Income
O
$59.6B
$332K 0.01%
4,654
-20,620
-82% -$1.54M
EPM icon
1208
Evolution Petroleum
EPM
$135M
$331K 0.01%
60,440
– –
HCSG icon
1209
Healthcare Services Group
HCSG
$1.45B
$331K 0.01%
13,600
– –
LVS icon
1210
Las Vegas Sands
LVS
$29.6B
$331K 0.01%
+4,800
New +$300K
QEP
1211
DELISTED
QEP RESOURCES, INC.
QEP
$328K 0.01%
72,810
+1,430
+2% +$4.98K
SMP icon
1212
Standard Motor Products
SMP
$870M
$327K 0.01%
6,150
+90
+1% +$4.59K
DMC
1213
Del Monte Corp
DMC
$1.44B
$326K 0.01%
+9,320
New +$298K
WW
1214
DELISTED
WW International
WW
$326K 0.01%
8,520
– –
TIVO
1215
DELISTED
Tivo Inc
TIVO
$326K 0.01%
38,490
+860
+2% +$6.8K
PDCO
1216
DELISTED
Patterson Companies, Inc.
PDCO
$325K 0.01%
15,870
+380
+2% +$7.19K
ARR
1217
Armour Residential REIT
ARR
$2.37B
$324K 0.01%
3,622
+70
+2% +$5.98K
AMCX icon
1218
AMC Global Media
AMCX
$496M
$322K 0.01%
8,150
+50
+0.6% +$2.1K
GBX icon
1219
The Greenbrier Companies
GBX
$1.42B
$322K 0.01%
9,940
+180
+2% +$5.39K
CTAS icon
1220
Cintas
CTAS
$80.3B
$320K 0.01%
4,760
– –
FTV icon
1221
Fortive
FTV
$18.7B
$320K 0.01%
6,652
+95
+1% +$4.29K
LRN icon
1222
Stride
LRN
$3.48B
$320K 0.01%
15,740
– –
AME icon
1223
Ametek
AME
$58.7B
$319K 0.01%
3,200
– –
WY icon
1224
Weyerhaeuser
WY
$17.9B
$319K 0.01%
10,558
+220
+2% +$6.38K
AKS
1225
DELISTED
AK Steel Holding Corp
AKS
$319K 0.01%
96,830
+1,540
+2% +$4.27K
47 48
49
50 51

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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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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.