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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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PYPL icon
101
PayPal
PYPL
$50.6B
$1.61M 0.05%
16,830
+120
+0.7% +$13.2K
TROW icon
102
T. Rowe Price
TROW
$23.8B
$1.61M 0.05%
16,480
– –
BRO icon
103
Brown & Brown
BRO
$23.8B
$1.59M 0.05%
43,890
+590
+1% +$24.9K
GS icon
104
Goldman Sachs
GS
$302B
$1.59M 0.05%
10,280
– –
EVRG icon
105
Evergy
EVRG
$19.2B
$1.58M 0.05%
28,630
– –
PEG icon
106
Public Service Enterprise Group
PEG
$37.8B
$1.56M 0.05%
34,750
– –
CABO icon
107
Cable One
CABO
$191M
$1.54M 0.05%
940
+10
+1% +$16K
PNC icon
108
PNC Financial Services
PNC
$102B
$1.54M 0.05%
16,130
– –
AEE icon
109
Ameren
AEE
$30.1B
$1.53M 0.05%
21,020
+80
+0.4% +$6.34K
EXC icon
110
Exelon
EXC
$46.6B
$1.53M 0.05%
58,267
+224
+0.4% +$7.04K
GGG icon
111
Graco
GGG
$13.4B
$1.52M 0.05%
31,300
+360
+1% +$18.5K
CAT icon
112
Caterpillar
CAT
$393B
$1.52M 0.05%
13,080
– –
REGN icon
113
Regeneron Pharmaceuticals
REGN
$82.2B
$1.51M 0.05%
3,100
– –
CTLT
114
DELISTED
CATALENT, INC.
CTLT
$1.51M 0.05%
29,040
+1,950
+7% +$106K
SRE icon
115
Sempra
SRE
$56.2B
$1.5M 0.05%
26,620
+300
+1% +$21.3K
CI icon
116
Cigna
CI
$73.3B
$1.5M 0.05%
8,444
– –
Y
117
DELISTED
Alleghany Corp
Y
$1.49M 0.05%
2,700
+20
+0.7% +$14.4K
TRMB icon
118
Trimble
TRMB
$13.1B
$1.49M 0.05%
46,700
– –
POOL icon
119
Pool Corp
POOL
$7.25B
$1.48M 0.05%
7,510
+100
+1% +$21.3K
NDAQ icon
120
Nasdaq
NDAQ
$53.5B
$1.47M 0.05%
46,530
– –
ETR icon
121
Entergy
ETR
$50.3B
$1.47M 0.05%
31,200
– –
RPM icon
122
RPM International
RPM
$14.7B
$1.45M 0.05%
24,340
+290
+1% +$20K
CPT icon
123
Camden Property Trust
CPT
$10.9B
$1.44M 0.05%
18,170
+210
+1% +$21.8K
HIG icon
124
Hartford Financial Services
HIG
$37.7B
$1.44M 0.05%
40,860
– –
BIO icon
125
Bio-Rad Laboratories Class A
BIO
$9.68B
$1.42M 0.04%
4,050
+60
+2% +$22.1K
3 4
5
6 7

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.