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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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TKR icon
1226
Timken Company
TKR
$9.1B
– –
-12,690
Closed -$410K
TLYS icon
1227
Tilly's
TLYS
$122M
– –
-32,110
Closed -$133K
TMHC
1228
DELISTED
Taylor Morrison
TMHC
– –
-24,820
Closed -$273K
TMP icon
1229
Tompkins Financial
TMP
$1.45B
– –
-3,790
Closed -$272K
TMUS icon
1230
T-Mobile US
TMUS
$197B
– –
-4,540
Closed -$381K
TNC icon
1231
Tennant Co
TNC
$1.15B
– –
-5,660
Closed -$328K
TNL icon
1232
Travel + Leisure Co
TNL
$4.58B
– –
-17,110
Closed -$371K
TOL icon
1233
Toll Brothers
TOL
$14B
– –
-22,630
Closed -$436K
TPH
1234
DELISTED
Tri Pointe Homes
TPH
– –
-26,170
Closed -$230K
TPR icon
1235
Tapestry
TPR
$25.9B
– –
-15,010
Closed -$194K
TR icon
1236
Tootsie Roll Industries
TR
$3.02B
– –
-3,813
Closed -$115K
TREE icon
1237
LendingTree
TREE
$461M
– –
-1,440
Closed -$264K
TREX icon
1238
Trex
TREX
$5.1B
– –
-21,900
Closed -$878K
TRIP icon
1239
TripAdvisor
TRIP
$1.29B
– –
-19,720
Closed -$343K
TRMB icon
1240
Trimble
TRMB
$13.4B
– –
-46,700
Closed -$1.49M
TRMK icon
1241
Trustmark
TRMK
$2.8B
– –
-11,850
Closed -$276K
TRN icon
1242
Trinity Industries
TRN
$2.34B
– –
-18,980
Closed -$305K
TRST
1243
Trustco Bank Corp NY
TRST
$971M
– –
-5,932
Closed -$160K
TSCO icon
1244
Tractor Supply
TSCO
$18.8B
– –
-8,400
Closed -$142K
TTC icon
1245
Toro Company
TTC
$9.21B
– –
-20,010
Closed -$1.3M
TTEC icon
1246
TTEC Holdings
TTEC
$77.4M
– –
-5,410
Closed -$199K
TTEK icon
1247
Tetra Tech
TTEK
$9.33B
– –
-51,200
Closed -$723K
TTGT icon
1248
TechTarget
TTGT
$277M
– –
-6,960
Closed -$143K
TTI icon
1249
TETRA Technologies
TTI
$1.25B
– –
-36,850
Closed -$12K
TTMI icon
1250
TTM Technologies
TTMI
$14.6B
– –
-30,390
Closed -$314K
48 49
50
51 52

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.