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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
REGI
1226
DELISTED
Renewable Energy Group, Inc.
REGI
$318K 0.01%
11,810
+540
+5% +$9.79K
LNN icon
1227
Lindsay Corp
LNN
$1.17B
$317K 0.01%
3,300
+50
+2% +$4.57K
DDD icon
1228
3D Systems Corp
DDD
$601M
$316K 0.01%
36,160
+1,200
+3% +$10.4K
IDXX icon
1229
Idexx Laboratories
IDXX
$44.7B
$316K 0.01%
1,210
– –
RMD icon
1230
ResMed
RMD
$32.9B
$316K 0.01%
2,040
+30
+1% +$4.32K
HNGR
1231
DELISTED
Hanger Inc.
HNGR
$315K 0.01%
+11,420
New +$271K
DLTR icon
1232
Dollar Tree
DLTR
$24.9B
$314K 0.01%
3,337
– –
PPC icon
1233
Pilgrim's Pride
PPC
$6.57B
$314K 0.01%
9,600
– –
AORT icon
1234
Artivion
AORT
$1.39B
$311K 0.01%
11,480
+230
+2% +$5.65K
AWK icon
1235
American Water Works
AWK
$27.1B
$311K 0.01%
2,530
-11,520
-82% -$1.4M
CTVA icon
1236
Corteva
CTVA
$50.6B
$311K 0.01%
10,511
-2,666
-20% -$70.6K
IDCC icon
1237
InterDigital
IDCC
$8.88B
$311K 0.01%
5,710
– –
HSY icon
1238
Hershey
HSY
$37.4B
$310K 0.01%
2,110
+150
+8% +$22.2K
RRC icon
1239
Range Resources
RRC
$9.33B
$310K 0.01%
63,850
+1,250
+2% +$5.04K
USNA icon
1240
Usana Health Sciences
USNA
$252M
$310K 0.01%
3,950
+80
+2% +$5.89K
GPMT
1241
Granite Point Mortgage Trust
GPMT
$58.8M
$309K 0.01%
16,790
+600
+4% +$11K
BPFH
1242
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$309K 0.01%
25,680
+620
+2% +$7.19K
EPC icon
1243
Edgewell Personal Care
EPC
$1.31B
$308K 0.01%
9,940
– –
DVD
1244
DELISTED
Dover Motorsports
DVD
$308K 0.01%
165,430
– –
CAL icon
1245
Caleres
CAL
$461M
$307K 0.01%
12,920
+250
+2% +$5.65K
CLB icon
1246
Core Laboratories
CLB
$569M
$307K 0.01%
8,160
+20
+0.2% +$899
MLAB icon
1247
Mesa Laboratories
MLAB
$633M
$307K 0.01%
1,230
+50
+4% +$11.7K
MSCI icon
1248
MSCI
MSCI
$41.8B
$307K 0.01%
1,190
– –
SRCI
1249
DELISTED
SRC Energy Inc
SRCI
$307K 0.01%
74,520
+1,200
+2% +$4.56K
CNX icon
1250
CNX Resources
CNX
$5.23B
$305K 0.01%
34,410
– –
48 49
50
51 52

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VAS
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SFM
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AI
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PEA
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SUT
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MU
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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.