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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
+4.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4.16B
AUM Growth
+$159M
Cap. Flow
-$561K
Cap. Flow %
-0.01%
Top 10 Hldgs %
98.25%
Holding
252
New
2
Increased
5
Reduced
2
Closed
238

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$666M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$125M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$45.1M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$34.1M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$30M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$413M
2
GOVT icon
iShares US Treasury Bond ETF
GOVT
+$108M
3
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$73.5M
4
PYPL icon
PayPal
PYPL
+$3.81M
5
NVDA icon
NVIDIA
NVDA
+$3.76M

Sector Composition

Rank Sector Weight
1 Communication Services 0%
2 Consumer Discretionary 0%
3 Consumer Staples 0%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GL icon
101
Globe Life
GL
$13.8B
– –
-17,890
Closed -$1.33M
GLW icon
102
Corning
GLW
$144B
– –
-58,240
Closed -$1.51M
GM icon
103
General Motors
GM
$76.1B
– –
-22,580
Closed -$571K
GOOGL icon
104
Alphabet (Google) Class A
GOOGL
$4.2T
– –
-45,000
Closed -$3.19M
GOVT icon
105
iShares US Treasury Bond ETF
GOVT
$43.7B
– –
-3,873,814
Closed -$108M
GPC icon
106
Genuine Parts
GPC
$18.5B
– –
-8,330
Closed -$724K
GPN icon
107
Global Payments
GPN
$23.4B
– –
-5,350
Closed -$907K
GS icon
108
Goldman Sachs
GS
$302B
– –
-8,710
Closed -$1.72M
GWW icon
109
W.W. Grainger
GWW
$61.5B
– –
-3,170
Closed -$996K
HD icon
110
Home Depot
HD
$342B
– –
-13,260
Closed -$3.32M
HIG icon
111
Hartford Financial Services
HIG
$37.7B
– –
-10,850
Closed -$418K
HII icon
112
Huntington Ingalls Industries
HII
$12.9B
– –
-5,430
Closed -$947K
HPE icon
113
Hewlett Packard
HPE
$77.8B
– –
-74,910
Closed -$729K
HSIC icon
114
Henry Schein
HSIC
$10.1B
– –
-24,440
Closed -$1.43M
HUM icon
115
Humana
HUM
$46.7B
– –
-1,490
Closed -$578K
HWM icon
116
Howmet Aerospace
HWM
$112B
– –
-27,770
Closed -$440K
IBM icon
117
IBM
IBM
$222B
– –
-26,851
Closed -$3.1M
ICE icon
118
Intercontinental Exchange
ICE
$85B
– –
-12,010
Closed -$1.1M
IFF icon
119
International Flavors & Fragrances
IFF
$21.4B
– –
-3,590
Closed -$440K
INTC icon
120
Intel
INTC
$509B
– –
-52,880
Closed -$3.16M
IP icon
121
International Paper
IP
$21.8B
– –
-24,362
Closed -$812K
IPG
122
DELISTED
Interpublic Group of Companies
IPG
– –
-39,240
Closed -$673K
IT icon
123
Gartner
IT
$11.3B
– –
-3,720
Closed -$451K
ITW icon
124
Illinois Tool Works
ITW
$83.3B
– –
-9,080
Closed -$1.59M
JBHT icon
125
JB Hunt Transport Services
JBHT
$25.9B
– –
-8,510
Closed -$1.02M
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
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
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WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q3 2020 Portfolio in Review

As of Q3 2020, Municipal Employees' Retirement System of Michigan held 252 positions worth $4.16B, up 4% from $4B the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q3 2020 filing shows 2 new, 5 increased, 2 reduced and 238 closed positions. Its largest new stake was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $413M.

By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 0.73% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2020 buy was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q3 2020, an estimated $666M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $413M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares US Treasury Bond ETF in Q3 2020, selling an estimated $108M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 98% of its $4.16B portfolio in Q3 2020.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 238 in Q3 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 4% quarter-over-quarter to $4.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2020, filed 5 Oct 2020.