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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TBCH
1376
Turtle Beach Corp
TBCH
$230M
– –
-37,190
Closed -$232K
SGI
1377
Somnigroup International
SGI
$14B
– –
-34,160
Closed -$373K
HTB
1378
HomeTrust Bancshares
HTB
$835M
– –
-16,590
Closed -$264K
BCPC
1379
Balchem Corp
BCPC
$5.69B
– –
-9,970
Closed -$984K
PDCO
1380
DELISTED
Patterson Companies, Inc.
PDCO
– –
-15,870
Closed -$243K
CUTR
1381
DELISTED
Cutera, Inc.
CUTR
– –
-4,340
Closed -$57K
PFC
1382
DELISTED
Premier Financial Corp. Common Stock
PFC
– –
-27,973
Closed -$412K
ROIC
1383
DELISTED
Retail Opportunity Investments Corp.
ROIC
– –
-35,930
Closed -$298K
B
1384
DELISTED
Barnes Group Inc.
B
– –
-14,770
Closed -$618K
USAP
1385
DELISTED
Universal Stainless & Alloy
USAP
– –
-29,500
Closed -$227K
CNSL
1386
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
– –
-21,570
Closed -$98K
CTLT
1387
DELISTED
CATALENT, INC.
CTLT
– –
-29,040
Closed -$1.51M
TCS
1388
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
– –
-6,595
Closed -$233K
HAYN
1389
DELISTED
Haynes International, Inc.
HAYN
– –
-3,830
Closed -$79K
SRCL
1390
DELISTED
Stericycle Inc
SRCL
– –
-17,100
Closed -$831K
CHUY
1391
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
– –
-5,070
Closed -$51K
VGR
1392
DELISTED
Vector Group Ltd.
VGR
– –
-50,358
Closed -$336K
EGRX
1393
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
– –
-3,100
Closed -$143K
PRFT
1394
DELISTED
Perficient Inc
PRFT
– –
-10,050
Closed -$272K
SWN
1395
DELISTED
Southwestern Energy Company
SWN
– –
-167,690
Closed -$283K
HA
1396
DELISTED
Hawaiian Holdings, Inc.
HA
– –
-14,470
Closed -$151K
TUP
1397
DELISTED
Tupperware Brands Corporation
TUP
– –
-14,640
Closed -$24K
BIG
1398
DELISTED
Big Lots, Inc.
BIG
– –
-11,940
Closed -$170K
LL
1399
DELISTED
LL Flooring Holdings, Inc.
LL
– –
-8,560
Closed -$40K
CONN
1400
DELISTED
Conn's Inc.
CONN
– –
-37,540
Closed -$157K
54 55
56
57 58

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 Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.