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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
DBD
1351
DELISTED
Diebold Nixdorf Incorporated
DBD
$248K 0.01%
23,490
+420
+2% +$3.73K
CHD icon
1352
Church & Dwight Co
CHD
$24B
$246K 0.01%
3,500
+90
+3% +$6.39K
MLM icon
1353
Martin Marietta Materials
MLM
$32.7B
$246K 0.01%
880
– –
KRA
1354
DELISTED
Kraton Corporation
KRA
$246K 0.01%
9,700
+190
+2% +$4.6K
WNC icon
1355
Wabash National
WNC
$509M
$245K 0.01%
16,670
+330
+2% +$4.91K
MAGN
1356
Magnera Corp
MAGN
$433M
$245K 0.01%
1,030
+17
+2% +$3.78K
MCY icon
1357
Mercury Insurance
MCY
$5.81B
$244K 0.01%
5,010
– –
LNTH icon
1358
Lantheus
LNTH
$6.59B
$243K 0.01%
11,850
+220
+2% +$4.45K
VRTS icon
1359
Virtus Investment Partners
VRTS
$1.14B
$243K 0.01%
2,000
+40
+2% +$4.46K
CRVL icon
1360
CorVel
CRVL
$3.25B
$242K 0.01%
8,310
+180
+2% +$4.79K
FRD icon
1361
Friedman Industries
FRD
$319M
$241K 0.01%
40,070
– –
K
1362
DELISTED
Kellanova
K
$241K 0.01%
3,706
– –
SNEX icon
1363
StoneX
SNEX
$8.05B
$241K 0.01%
25,009
+506
+2% +$4.19K
DOC icon
1364
Healthpeak Properties
DOC
$14.3B
$240K 0.01%
6,960
-32,900
-83% -$1.15M
TDAY
1365
USA Today Co
TDAY
$1B
$240K 0.01%
37,543
+19,393
+107% +$142K
SWN
1366
DELISTED
Southwestern Energy Company
SWN
$240K 0.01%
99,310
– –
GVA icon
1367
Granite Construction
GVA
$5.41B
$239K 0.01%
8,630
– –
RGR icon
1368
Sturm, Ruger & Co
RGR
$601M
$239K 0.01%
5,080
+100
+2% +$4.54K
MDP
1369
DELISTED
Meredith Corporation
MDP
$239K 0.01%
7,350
– –
ACLS icon
1370
Axcelis
ACLS
$4.42B
$238K 0.01%
9,890
+190
+2% +$4K
EFX icon
1371
Equifax
EFX
$21.8B
$238K 0.01%
1,700
– –
WAT icon
1372
Waters Corp
WAT
$40.6B
$238K 0.01%
1,020
-3,390
-77% -$749K
NXGN
1373
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
$238K 0.01%
14,810
+390
+3% +$6.44K
CHCT
1374
Community Healthcare Trust
CHCT
$433M
$237K 0.01%
5,530
+130
+2% +$5.93K
DOV icon
1375
Dover
DOV
$27.8B
$237K 0.01%
2,060
+50
+2% +$5.36K
53 54
55
56 57

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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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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.