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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
-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
KELYA icon
1351
Kelly Services Class A
KELYA
$547M
$129K ﹤0.01%
10,150
– –
DLPH
1352
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$129K ﹤0.01%
15,980
– –
UBA
1353
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$129K ﹤0.01%
9,150
– –
ALOT icon
1354
AstroNova
ALOT
$227M
$128K ﹤0.01%
16,460
– –
DXC icon
1355
DXC Technology
DXC
$1.73B
$128K ﹤0.01%
9,848
– –
HAS icon
1356
Hasbro
HAS
$13.6B
$128K ﹤0.01%
1,790
– –
NVR icon
1357
NVR
NVR
$16.9B
$128K ﹤0.01%
50
– –
OKE icon
1358
Oneok
OKE
$58.7B
$128K ﹤0.01%
5,870
– –
ZAGG
1359
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
$128K ﹤0.01%
41,290
– –
DCOM
1360
DELISTED
Dime Community Bancshares
DCOM
$128K ﹤0.01%
9,370
– –
LMAT icon
1361
LeMaitre Vascular
LMAT
$1.88B
$127K ﹤0.01%
5,080
+150
+3% +$4.63K
SSP icon
1362
E.W. Scripps
SSP
$310M
$126K ﹤0.01%
16,670
– –
PLAY icon
1363
Dave & Buster's
PLAY
$373M
$125K ﹤0.01%
9,550
+110
+1% +$3.77K
RDI icon
1364
Reading International Class A
RDI
$33.6M
$125K ﹤0.01%
32,210
– –
DCH
1365
Dauch Corp
DCH
$1.58B
$124K ﹤0.01%
34,420
– –
MTSC
1366
DELISTED
MTS Systems Corp
MTSC
$124K ﹤0.01%
5,500
– –
CPB icon
1367
Campbell Soup
CPB
$6.9B
$123K ﹤0.01%
2,670
– –
CMO
1368
DELISTED
Capstead Mortgage Corp.
CMO
$122K ﹤0.01%
29,090
– –
IPI icon
1369
Intrepid Potash
IPI
$480M
$121K ﹤0.01%
15,082
– –
HSKA
1370
DELISTED
Heska Corp
HSKA
$121K ﹤0.01%
2,180
+50
+2% +$4.53K
BFS
1371
Saul Centers
BFS
$860M
$120K ﹤0.01%
3,650
+90
+3% +$4.06K
BKE icon
1372
Buckle
BKE
$2.31B
$120K ﹤0.01%
8,740
– –
CYH icon
1373
Community Health Systems
CYH
$417M
$120K ﹤0.01%
35,790
– –
RMAX icon
1374
RE/MAX Holdings
RMAX
$261M
$120K ﹤0.01%
5,460
– –
WNC icon
1375
Wabash National
WNC
$517M
$120K ﹤0.01%
16,670
– –
53 54
55
56 57

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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PEA
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SUT
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MU
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WPL
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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.