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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
PEG icon
101
Public Service Enterprise Group
PEG
$37.8B
$2.05M 0.07%
34,750
+27,660
+390% +$1.68M
KMI icon
102
Kinder Morgan
KMI
$71.4B
$2.02M 0.07%
95,440
-8,370
-8% -$169K
FICO icon
103
Fair Isaac
FICO
$24B
$2.01M 0.07%
5,360
+60
+1% +$20.2K
TROW icon
104
T. Rowe Price
TROW
$23.7B
$2.01M 0.07%
16,480
+1,010
+7% +$119K
SRE icon
105
Sempra
SRE
$56.5B
$1.99M 0.06%
26,320
+8,040
+44% +$590K
CBRE icon
106
CBRE Group
CBRE
$44B
$1.95M 0.06%
31,850
+3,200
+11% +$177K
TRMB icon
107
Trimble
TRMB
$13.4B
$1.95M 0.06%
46,700
+510
+1% +$20.3K
MPT
108
Medical Properties Trust
MPT
$2.51B
$1.94M 0.06%
92,060
+10,180
+12% +$206K
CAT icon
109
Caterpillar
CAT
$393B
$1.93M 0.06%
13,080
– –
TRV icon
110
Travelers Companies
TRV
$77.2B
$1.92M 0.06%
14,020
-3,740
-21% -$509K
MDCO
111
DELISTED
Medicines Co
MDCO
$1.92M 0.06%
22,580
+440
+2% +$29.3K
CPT icon
112
Camden Property Trust
CPT
$11.1B
$1.91M 0.06%
17,960
+200
+1% +$22.1K
FDS icon
113
Factset
FDS
$10.2B
$1.91M 0.06%
7,100
+80
+1% +$20.5K
RGA icon
114
Reinsurance Group of America
RGA
$16.4B
$1.9M 0.06%
11,640
+130
+1% +$21K
APH icon
115
Amphenol
APH
$204B
$1.9M 0.06%
70,120
-19,360
-22% -$494K
EXC icon
116
Exelon
EXC
$47B
$1.89M 0.06%
58,043
+38,934
+204% +$1.26M
WTRG icon
117
Essential Utilities
WTRG
$11.5B
$1.88M 0.06%
40,020
+430
+1% +$19.4K
ELV icon
118
Elevance Health
ELV
$86.4B
$1.87M 0.06%
6,190
-350
-5% -$96.3K
ETR icon
119
Entergy
ETR
$49.9B
$1.87M 0.06%
31,200
-5,400
-15% -$318K
CHTR icon
120
Charter Communications
CHTR
$18.7B
$1.87M 0.06%
3,850
+1,440
+60% +$663K
EVRG icon
121
Evergy
EVRG
$19.3B
$1.86M 0.06%
28,630
+3,670
+15% +$234K
PRU icon
122
Prudential Financial
PRU
$43B
$1.86M 0.06%
19,850
+3,660
+23% +$336K
ARWR icon
123
Arrowhead Research
ARWR
$12.1B
$1.85M 0.06%
29,170
+610
+2% +$30.3K
TMO icon
124
Thermo Fisher Scientific
TMO
$220B
$1.85M 0.06%
5,690
-6,620
-54% -$2.01M
RPM icon
125
RPM International
RPM
$14.5B
$1.85M 0.06%
24,050
+260
+1% +$18.9K
3 4
5
6 7

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SFM
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AI
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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.