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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
HPE icon
1251
Hewlett Packard
HPE
$79.2B
$305K 0.01%
19,260
– –
VTR icon
1252
Ventas
VTR
$46.3B
$305K 0.01%
5,280
+90
+2% +$5.65K
BALL icon
1253
Ball Corp
BALL
$16.4B
$304K 0.01%
4,700
– –
OIS icon
1254
Oil States International
OIS
$526M
$302K 0.01%
18,520
+310
+2% +$4.71K
SXI icon
1255
Standex International
SXI
$3.97B
$302K 0.01%
3,810
+70
+2% +$5.32K
OSG
1256
Octave Specialty Group
OSG
$212M
$301K 0.01%
13,940
+230
+2% +$4.72K
CMG icon
1257
Chipotle Mexican Grill
CMG
$41.3B
$301K 0.01%
18,000
-28,000
-61% -$449K
ENTA icon
1258
Enanta Pharmaceuticals
ENTA
$391M
$301K 0.01%
4,880
+80
+2% +$4.96K
HTLD icon
1259
Heartland Express
HTLD
$979M
$301K 0.01%
14,300
+280
+2% +$6K
FAST icon
1260
Fastenal
FAST
$58.9B
$300K 0.01%
16,260
+400
+3% +$7.15K
MDRX
1261
DELISTED
Veradigm Inc. Common Stock
MDRX
$300K 0.01%
30,570
– –
BXP icon
1262
Boston Properties
BXP
$11B
$299K 0.01%
2,170
– –
ECPG icon
1263
Encore Capital Group
ECPG
$2.15B
$299K 0.01%
8,460
+170
+2% +$5.95K
BSET icon
1264
Bassett Furniture
BSET
$170M
$298K 0.01%
17,840
– –
NBR icon
1265
Nabors Industries
NBR
$1.35B
$298K 0.01%
2,069
+89
+4% +$9.37K
PLCE icon
1266
Children's Place
PLCE
$53.4M
$298K 0.01%
4,770
+100
+2% +$7.29K
AHRT
1267
AH Realty Trust
AHRT
$506M
$297K 0.01%
16,210
+500
+3% +$9.08K
AVNS
1268
DELISTED
Avanos Medical
AVNS
$297K 0.01%
8,800
+50
+0.6% +$1.81K
CHEF icon
1269
Chefs' Warehouse
CHEF
$4.57B
$297K 0.01%
7,790
+160
+2% +$5.82K
MKC icon
1270
McCormick & Company Non-Voting
MKC
$14.6B
$297K 0.01%
3,500
+60
+2% +$4.96K
TILE icon
1271
Interface
TILE
$2.24B
$297K 0.01%
17,880
+350
+2% +$5.63K
WERN icon
1272
Werner Enterprises
WERN
$2.31B
$297K 0.01%
8,170
+180
+2% +$6.58K
LMNX
1273
DELISTED
Luminex Corp
LMNX
$297K 0.01%
12,820
+290
+2% +$5.99K
STC icon
1274
Stewart Information Services
STC
$2.07B
$296K 0.01%
7,260
+120
+2% +$4.92K
HNI icon
1275
HNI Corp
HNI
$3.56B
$295K 0.01%
7,870
– –
49 50
51
52 53

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SFM
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AI
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PEA
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SUT
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WPL
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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.