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
CRVL icon
1301
CorVel
CRVL
$3.25B
$151K ﹤0.01%
8,310
– –
DIN icon
1302
Dine Brands
DIN
$441M
$151K ﹤0.01%
5,260
– –
GEF icon
1303
Greif
GEF
$5.04B
$151K ﹤0.01%
4,850
– –
GEN icon
1304
Gen Digital
GEN
$17.7B
$151K ﹤0.01%
8,060
– –
HA
1305
DELISTED
Hawaiian Holdings, Inc.
HA
$151K ﹤0.01%
14,470
– –
PAHC icon
1306
Phibro Animal Health
PAHC
$1.38B
$150K ﹤0.01%
6,210
– –
PGTI
1307
DELISTED
PGT, Inc.
PGTI
$150K ﹤0.01%
17,930
– –
RPT
1308
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$150K ﹤0.01%
24,900
+310
+1% +$3.88K
DY icon
1309
Dycom Industries
DY
$12.3B
$149K ﹤0.01%
5,810
– –
ENVA icon
1310
Enova International
ENVA
$6.57B
$149K ﹤0.01%
10,310
– –
ONDK
1311
DELISTED
On Deck Capital, Inc.
ONDK
$149K ﹤0.01%
96,660
– –
NFBK
1312
DELISTED
Northfield Bancorp
NFBK
$148K ﹤0.01%
13,260
– –
AROC icon
1313
Archrock
AROC
$5.86B
$147K ﹤0.01%
39,070
– –
PVH icon
1314
PVH
PVH
$3.78B
$147K ﹤0.01%
3,910
– –
IEX icon
1315
IDEX
IEX
$17.6B
$146K ﹤0.01%
1,060
– –
RRC icon
1316
Range Resources
RRC
$9.33B
$146K ﹤0.01%
63,850
– –
ULTA icon
1317
Ulta Beauty
ULTA
$22.3B
$146K ﹤0.01%
830
– –
SND icon
1318
Smart Sand
SND
$214M
$145K ﹤0.01%
139,520
– –
VECO icon
1319
Veeco
VECO
$3.27B
$145K ﹤0.01%
15,148
+300
+2% +$4.03K
SKT icon
1320
Tanger
SKT
$4.42B
$144K ﹤0.01%
28,780
+11,620
+68% +$142K
WW
1321
DELISTED
WW International
WW
$144K ﹤0.01%
8,520
– –
TTGT icon
1322
TechTarget
TTGT
$280M
$143K ﹤0.01%
6,960
– –
EGRX
1323
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
$143K ﹤0.01%
3,100
– –
ECHO
1324
DELISTED
Echo Global Logistics, Inc.
ECHO
$143K ﹤0.01%
8,350
– –
MAS icon
1325
Masco
MAS
$14.7B
$142K ﹤0.01%
4,110
– –
51 52
53
54 55

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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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

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.