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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
HSKA
1426
DELISTED
Heska Corp
HSKA
$204K 0.01%
2,130
+40
+2% +$3.47K
AKAM icon
1427
Akamai
AKAM
$18B
$202K 0.01%
2,340
+80
+4% +$7K
XYL icon
1428
Xylem
XYL
$28.1B
$202K 0.01%
2,560
-11,960
-82% -$931K
USCR
1429
DELISTED
U S Concrete, Inc.
USCR
$202K 0.01%
4,840
+80
+2% +$3.66K
WLH
1430
DELISTED
WILLIAM LYON HOMES
WLH
$202K 0.01%
10,100
+160
+2% +$3.27K
BR icon
1431
Broadridge
BR
$19.6B
$201K 0.01%
1,630
– –
MKTX icon
1432
MarketAxess Holdings
MKTX
$5.72B
$201K 0.01%
530
– –
DNR
1433
DELISTED
Denbury Resources, Inc.
DNR
$201K 0.01%
142,370
+5,230
+4% +$5.83K
BOOM icon
1434
DMC Global
BOOM
$153M
$200K 0.01%
4,440
+170
+4% +$7.56K
GRMN
1435
Garmin
GRMN
$60.2B
$200K 0.01%
2,050
+370
+22% +$34.5K
MIK
1436
DELISTED
Michaels Stores, Inc
MIK
$200K 0.01%
24,710
+490
+2% +$4.12K
L icon
1437
Loews
L
$23B
$199K 0.01%
3,790
– –
HOLX
1438
DELISTED
Hologic
HOLX
$198K 0.01%
3,800
+90
+2% +$4.48K
LDOS icon
1439
Leidos
LDOS
$17.9B
$198K 0.01%
2,020
– –
MAS icon
1440
Masco
MAS
$14.7B
$197K 0.01%
4,110
-22,290
-84% -$1.01M
TTWO icon
1441
Take-Two Interactive
TTWO
$45.2B
$197K 0.01%
1,610
-2,740
-63% -$334K
DCOM
1442
DELISTED
Dime Community Bancshares
DCOM
$196K 0.01%
9,370
+190
+2% +$3.9K
MGPI icon
1443
MGP Ingredients
MGPI
$389M
$195K 0.01%
4,030
+190
+5% +$8.9K
JOE icon
1444
St. Joe Company
JOE
$3.89B
$194K 0.01%
+9,760
New +$181K
UDR icon
1445
UDR
UDR
$12.2B
$194K 0.01%
4,150
+190
+5% +$9.12K
IPHS
1446
DELISTED
Innophos Holdings, Inc.
IPHS
$193K 0.01%
6,030
+100
+2% +$3.22K
NVR icon
1447
NVR
NVR
$17B
$190K 0.01%
50
-580
-92% -$2.15M
CYTK icon
1448
Cytokinetics
CYTK
$10.2B
$189K 0.01%
17,790
+520
+3% +$5.34K
EXR icon
1449
Extra Space Storage
EXR
$31.6B
$189K 0.01%
1,790
– –
HAS icon
1450
Hasbro
HAS
$13.6B
$189K 0.01%
1,790
+190
+12% +$19.8K
56 57
58
59 60

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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
PEA
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SUT
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MU
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WPL
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PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.