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
TRHC
1426
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
– –
-6,090
Closed -$318K
FRGI
1427
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
– –
-6,430
Closed -$26K
CIR
1428
DELISTED
CIRCOR International, Inc
CIR
– –
-6,090
Closed -$71K
NATI
1429
DELISTED
National Instruments Corp
NATI
– –
-22,020
Closed -$728K
SYNH
1430
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
– –
-11,690
Closed -$461K
WWE
1431
DELISTED
World Wrestling Entertainment
WWE
– –
-8,820
Closed -$299K
NUVA
1432
DELISTED
NuVasive, Inc.
NUVA
– –
-9,770
Closed -$495K
PDCE
1433
DELISTED
PDC Energy, Inc.
PDCE
– –
-30,074
Closed -$187K
SPPI
1434
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
– –
-34,540
Closed -$80K
AJRD
1435
DELISTED
Aerojet Rocketdyne Holdings
AJRD
– –
-22,430
Closed -$938K
LSI
1436
DELISTED
Life Storage, Inc.
LSI
– –
-13,125
Closed -$827K
ROCC
1437
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
– –
-25,210
Closed -$78K
RUTH
1438
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
– –
-8,480
Closed -$57K
DBD
1439
DELISTED
Diebold Nixdorf Incorporated
DBD
– –
-23,490
Closed -$83K
ACOR
1440
DELISTED
Acorda Therapeutics
ACOR
– –
-121
Closed -$14K
KBAL
1441
DELISTED
Kimball International
KBAL
– –
-51,590
Closed -$614K
BBBY
1442
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-23,700
Closed -$100K
FRC
1443
DELISTED
First Republic Bank
FRC
– –
-2,380
Closed -$196K
CSII
1444
DELISTED
Cardiovascular Systems, Inc.
CSII
– –
-10,900
Closed -$384K
UMPQ
1445
DELISTED
Umpqua Holdings Corp
UMPQ
– –
-41,330
Closed -$450K
LHCG
1446
DELISTED
LHC Group LLC
LHCG
– –
-9,177
Closed -$1.29M
LCI
1447
DELISTED
Lannett Company, Inc.
LCI
– –
-2,555
Closed -$71K
IVC
1448
DELISTED
Invacare Corporation
IVC
– –
-10,170
Closed -$76K
SJI
1449
DELISTED
South Jersey Industries, Inc.
SJI
– –
-28,620
Closed -$716K
VIVO
1450
DELISTED
Meridian Bioscience Inc
VIVO
– –
-59,820
Closed -$503K
56 57
58
59 60

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.