We are live on ! Find out more
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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OFIX icon
1276
Orthofix Medical
OFIX
$415M
$163K 0.01%
5,820
– –
UEIC icon
1277
Universal Electronics
UEIC
$66.6M
$163K 0.01%
4,250
– –
HLIT icon
1278
Harmonic Inc
HLIT
$1.42B
$161K 0.01%
27,990
+830
+3% +$5.57K
NTWK icon
1279
NetSol Technologies
NTWK
$49.3M
$161K 0.01%
64,310
– –
ARR
1280
Armour Residential REIT
ARR
$2.37B
$160K 0.01%
3,622
– –
TRST
1281
Trustco Bank Corp NY
TRST
$971M
$160K 0.01%
5,932
– –
DHC
1282
Diversified Healthcare Trust
DHC
$2.03B
$159K 0.01%
43,870
– –
COHU icon
1283
Cohu
COHU
$2.76B
$158K 0.01%
12,780
+200
+2% +$4.08K
EPM icon
1284
Evolution Petroleum
EPM
$135M
$158K 0.01%
60,440
– –
VRA icon
1285
Vera Bradley
VRA
$94.7M
$158K 0.01%
38,410
– –
AMPH icon
1286
Amphastar Pharmaceuticals
AMPH
$858M
$157K 0.01%
10,550
– –
CONN
1287
DELISTED
Conn's Inc.
CONN
$157K 0.01%
37,540
– –
ANET icon
1288
Arista Networks
ANET
$257B
$156K ﹤0.01%
12,320
– –
JACK icon
1289
Jack in the Box
JACK
$358M
$156K ﹤0.01%
4,440
+90
+2% +$6.13K
TBI
1290
Trueblue
TBI
$309M
$156K ﹤0.01%
12,260
– –
BR icon
1291
Broadridge
BR
$19.6B
$155K ﹤0.01%
1,630
– –
LNTH icon
1292
Lantheus
LNTH
$6.59B
$155K ﹤0.01%
12,160
+310
+3% +$4.96K
NXGN
1293
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$155K ﹤0.01%
14,810
– –
VSTO
1294
DELISTED
Vista Outdoor Inc.
VSTO
$154K ﹤0.01%
17,510
– –
FMC icon
1295
FMC
FMC
$1.27B
$153K ﹤0.01%
1,870
– –
FIZZ icon
1296
National Beverage
FIZZ
$2.93B
$152K ﹤0.01%
7,140
– –
J icon
1297
Jacobs Solutions
J
$16.8B
$152K ﹤0.01%
2,321
– –
UDR icon
1298
UDR
UDR
$12.2B
$152K ﹤0.01%
4,150
– –
UNFI icon
1299
United Natural Foods
UNFI
$2.94B
$152K ﹤0.01%
16,520
+730
+5% +$5.79K
CAR icon
1300
Avis
CAR
$4.84B
$151K ﹤0.01%
10,850
– –
50 51
52
53 54

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 Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.