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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
SSP icon
1326
E.W. Scripps
SSP
$310M
$262K 0.01%
16,670
+330
+2% +$4.71K
PARR icon
1327
Par Pacific Holdings
PARR
$4.12B
$261K 0.01%
11,240
+220
+2% +$5.25K
VICR icon
1328
Vicor
VICR
$10.4B
$261K 0.01%
5,590
+110
+2% +$4.19K
IIPR icon
1329
Innovative Industrial Properties
IIPR
$1.67B
$260K 0.01%
3,430
+80
+2% +$6.21K
CPF icon
1330
Central Pacific Financial
CPF
$1B
$259K 0.01%
8,740
+110
+1% +$3.21K
ARE icon
1331
Alexandria Real Estate Equities
ARE
$8.33B
$257K 0.01%
1,590
– –
DLHC icon
1332
DLH Holdings
DLHC
$68.7M
$257K 0.01%
61,430
– –
NTWK icon
1333
NetSol Technologies
NTWK
$49.3M
$257K 0.01%
64,310
– –
SPNT icon
1334
SiriusPoint
SPNT
$2.7B
$257K 0.01%
24,460
+480
+2% +$4.66K
TRST
1335
Trustco Bank Corp NY
TRST
$971M
$257K 0.01%
5,932
+98
+2% +$4.19K
RDNT icon
1336
RadNet
RDNT
$6.08B
$256K 0.01%
+12,610
New +$216K
MRTN icon
1337
Marten Transport
MRTN
$1.24B
$255K 0.01%
17,805
+285
+2% +$4.07K
MCHB
1338
Mechanics Bancorp
MCHB
$3.79B
$254K 0.01%
7,470
+150
+2% +$4.64K
PNTG icon
1339
Pennant Group
PNTG
$1.35B
$254K 0.01%
+7,675
New +$176K
PZZA icon
1340
Papa John's
PZZA
$804M
$254K 0.01%
4,020
– –
SKT icon
1341
Tanger
SKT
$4.42B
$253K 0.01%
17,160
– –
TACO
1342
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$253K 0.01%
32,050
– –
ANDE icon
1343
Andersons Inc
ANDE
$2.21B
$252K 0.01%
9,980
+200
+2% +$4.37K
OMC icon
1344
Omnicom Group
OMC
$24.2B
$251K 0.01%
3,100
-11,450
-79% -$897K
AMCR icon
1345
Amcor
AMCR
$21.4B
$250K 0.01%
4,604
+108
+2% +$5.41K
CMS icon
1346
CMS Energy
CMS
$22.1B
$250K 0.01%
3,980
– –
AJG icon
1347
Arthur J. Gallagher & Co
AJG
$65B
$248K 0.01%
2,600
– –
ENVA icon
1348
Enova International
ENVA
$6.52B
$248K 0.01%
10,310
+150
+1% +$3.38K
SSTK icon
1349
Shutterstock
SSTK
$217M
$248K 0.01%
5,780
+160
+3% +$6.42K
SBOW
1350
DELISTED
SilverBow Resources, Inc.
SBOW
$248K 0.01%
25,070
– –
52 53
54
55 56

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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.