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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
NTCT icon
1276
NETSCOUT
NTCT
$2.89B
$295K 0.01%
12,250
– –
SWKS icon
1277
Skyworks Solutions
SWKS
$10.5B
$295K 0.01%
2,440
-5,540
-69% -$544K
TBI
1278
Trueblue
TBI
$309M
$295K 0.01%
12,260
+160
+1% +$3.65K
CAKE icon
1279
Cheesecake Factory
CAKE
$5.57B
$293K 0.01%
7,530
– –
UNIT
1280
Uniti Group
UNIT
$2.38B
$293K 0.01%
35,640
+1,420
+4% +$10.3K
TRHC
1281
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$293K 0.01%
6,020
+120
+2% +$5.62K
GES
1282
DELISTED
Guess Inc
GES
$292K 0.01%
13,050
+250
+2% +$4.66K
ASTE icon
1283
Astec Industries
ASTE
$975M
$290K 0.01%
6,900
+110
+2% +$3.99K
INVA icon
1284
Innoviva
INVA
$1.5B
$290K 0.01%
20,460
+410
+2% +$5.03K
BBY icon
1285
Best Buy
BBY
$18B
$289K 0.01%
3,290
-5,590
-63% -$428K
EAT icon
1286
Brinker International
EAT
$10.2B
$289K 0.01%
6,880
– –
ENDP
1287
DELISTED
Endo International plc
ENDP
$289K 0.01%
61,660
+1,340
+2% +$5.98K
COHU icon
1288
Cohu
COHU
$2.76B
$287K 0.01%
12,580
+220
+2% +$3.95K
UFCS icon
1289
United Fire Group
UFCS
$1.38B
$287K 0.01%
6,570
+150
+2% +$6.71K
WOR icon
1290
Worthington Enterprises
WOR
$2.85B
$287K 0.01%
11,030
– –
ALGN icon
1291
Align Technology
ALGN
$12.5B
$285K 0.01%
1,020
– –
SCSC icon
1292
Scansource
SCSC
$1.06B
$285K 0.01%
7,720
+150
+2% +$5.1K
PUMP icon
1293
ProPetro Holding
PUMP
$1.42B
$284K 0.01%
25,200
+490
+2% +$4.38K
UCTT
1294
Ultra Clean Holdings
UCTT
$4.21B
$284K 0.01%
12,100
+250
+2% +$5.05K
CIR
1295
DELISTED
CIRCOR International, Inc
CIR
$282K 0.01%
6,090
+100
+2% +$4.13K
FSP
1296
Franklin Street Properties
FSP
$46.4M
$281K 0.01%
32,820
+520
+2% +$4.47K
VRSN icon
1297
VeriSign
VRSN
$26B
$281K 0.01%
1,460
– –
KHC icon
1298
Kraft Heinz
KHC
$30.1B
$280K 0.01%
8,730
-7,760
-47% -$235K
FRC
1299
DELISTED
First Republic Bank
FRC
$280K 0.01%
2,380
+70
+3% +$7.56K
ADEA icon
1300
Adeia
ADEA
$3.16B
$279K 0.01%
57,078
+1,247
+2% +$6.62K
50 51
52
53 54

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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.