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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
MTD icon
1301
Mettler-Toledo International
MTD
$28.7B
$278K 0.01%
350
– –
ESS icon
1302
Essex Property Trust
ESS
$18.5B
$277K 0.01%
920
– –
CLX icon
1303
Clorox
CLX
$12.9B
$275K 0.01%
1,790
– –
DY icon
1304
Dycom Industries
DY
$12.3B
$274K 0.01%
5,810
– –
CDNS icon
1305
Cadence Design Systems
CDNS
$89.2B
$273K 0.01%
3,940
-11,130
-74% -$746K
KEYS icon
1306
Keysight
KEYS
$60.5B
$271K 0.01%
2,640
– –
EXTR icon
1307
Extreme Networks
EXTR
$3.16B
$270K 0.01%
36,610
+1,030
+3% +$7.22K
HNRG icon
1308
Hallador Energy
HNRG
$730M
$270K 0.01%
90,890
– –
OFIX icon
1309
Orthofix Medical
OFIX
$415M
$269K 0.01%
5,820
-14,870
-72% -$699K
REZI icon
1310
Resideo Technologies
REZI
$3.1B
$269K 0.01%
22,530
– –
UVE icon
1311
Universal Insurance Holdings
UVE
$1.18B
$269K 0.01%
9,620
+190
+2% +$5.5K
TVTY
1312
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$268K 0.01%
13,175
+260
+2% +$4.87K
FARO
1313
DELISTED
Faro Technologies
FARO
$267K 0.01%
5,310
+120
+2% +$5.86K
MMI icon
1314
Marcus & Millichap
MMI
$1.2B
$267K 0.01%
7,180
+140
+2% +$5.03K
PGTI
1315
DELISTED
PGT, Inc.
PGTI
$267K 0.01%
17,930
+450
+3% +$7.16K
WDC icon
1316
Western Digital
WDC
$168B
$266K 0.01%
5,546
-6,536
-54% -$273K
GFF icon
1317
Griffon
GFF
$4.8B
$265K 0.01%
13,030
+250
+2% +$5.25K
LNW
1318
DELISTED
Light & Wonder
LNW
$265K 0.01%
9,910
– –
APOG icon
1319
Apogee Enterprises
APOG
$888M
$264K 0.01%
8,120
+150
+2% +$5.59K
MTSC
1320
DELISTED
MTS Systems Corp
MTSC
$264K 0.01%
5,500
+120
+2% +$6.37K
ALEX
1321
DELISTED
Alexander & Baldwin
ALEX
$263K 0.01%
12,534
– –
CLDT
1322
Chatham Lodging
CLDT
$601M
$263K 0.01%
14,360
+330
+2% +$5.95K
DBI icon
1323
Designer Brands
DBI
$312M
$263K 0.01%
16,730
+180
+1% +$2.98K
USAK
1324
DELISTED
USA Truck Inc
USAK
$263K 0.01%
35,260
– –
SAFE
1325
Safehold
SAFE
$1.1B
$262K 0.01%
3,712
+72
+2% +$4.55K
51 52
53
54 55

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SFM
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AI
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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.