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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
ARCB icon
1401
ArcBest
ARCB
$3.28B
$216K 0.01%
7,810
+160
+2% +$4.63K
FTNT icon
1402
Fortinet
FTNT
$121B
$215K 0.01%
10,050
-17,650
-64% -$332K
QNST icon
1403
QuinStreet
QNST
$1.19B
$215K 0.01%
14,040
+280
+2% +$3.99K
GEF icon
1404
Greif
GEF
$5.03B
$214K 0.01%
4,850
– –
MAA icon
1405
Mid-America Apartment Communities
MAA
$15.6B
$214K 0.01%
1,620
+40
+3% +$5.35K
TTEC icon
1406
TTEC Holdings
TTEC
$77.4M
$214K 0.01%
5,410
+1,230
+29% +$53.9K
KSU
1407
DELISTED
Kansas City Southern
KSU
$214K 0.01%
1,400
-8,230
-85% -$1.21M
HSTM icon
1408
HealthStream
HSTM
$849M
$213K 0.01%
7,830
+120
+2% +$3.3K
HLIT icon
1409
Harmonic Inc
HLIT
$1.42B
$212K 0.01%
27,160
+630
+2% +$4.7K
NTAP icon
1410
NetApp
NTAP
$40.2B
$211K 0.01%
3,390
-5,990
-64% -$349K
PBI icon
1411
Pitney Bowes
PBI
$2.28B
$211K 0.01%
52,300
+1,030
+2% +$4.72K
AEGN
1412
DELISTED
Aegion Corp
AEGN
$211K 0.01%
9,450
+180
+2% +$3.89K
GLUU
1413
DELISTED
Glu Mobile Inc.
GLUU
$211K 0.01%
+34,940
New +$200K
RMAX icon
1414
RE/MAX Holdings
RMAX
$265M
$210K 0.01%
5,460
+100
+2% +$3.59K
ULTA icon
1415
Ulta Beauty
ULTA
$22.2B
$210K 0.01%
830
+50
+6% +$12.2K
WPG
1416
DELISTED
Washington Prime Group Inc.
WPG
$208K 0.01%
6,344
+102
+2% +$3.7K
CUBI icon
1417
Customers Bancorp
CUBI
$2.82B
$207K 0.01%
8,710
+170
+2% +$3.9K
GCO icon
1418
Genesco
GCO
$394M
$207K 0.01%
4,320
-390
-8% -$16.2K
MODV
1419
DELISTED
ModivCare
MODV
$207K 0.01%
3,500
+160
+5% +$9.77K
GEN icon
1420
Gen Digital
GEN
$17.7B
$206K 0.01%
8,060
-730
-8% -$17.8K
TIF
1421
DELISTED
Tiffany & Co.
TIF
$206K 0.01%
1,540
-2,790
-64% -$330K
DLPH
1422
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$205K 0.01%
15,980
– –
WLL
1423
DELISTED
Whiting Petroleum Corporation
WLL
$205K 0.01%
373
+6
+2% +$2.9K
AMPH icon
1424
Amphastar Pharmaceuticals
AMPH
$858M
$204K 0.01%
10,550
+210
+2% +$4.03K
GDOT icon
1425
Green Dot
GDOT
$770M
$204K 0.01%
8,750
– –
55 56
57
58 59

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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.