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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
WYNN icon
1451
Wynn Resorts
WYNN
$10.5B
$189K 0.01%
1,360
-1,700
-56% -$207K
BFS
1452
Saul Centers
BFS
$865M
$188K 0.01%
3,560
+60
+2% +$3.17K
HAFC icon
1453
Hanmi Financial
HAFC
$963M
$188K 0.01%
9,400
– –
MTRX icon
1454
Matrix Service
MTRX
$328M
$188K 0.01%
8,220
+140
+2% +$2.76K
UIS icon
1455
Unisys
UIS
$210M
$188K 0.01%
15,840
+330
+2% +$3.31K
ATO icon
1456
Atmos Energy
ATO
$28.7B
$187K 0.01%
1,670
+50
+3% +$5.48K
FMC icon
1457
FMC
FMC
$1.27B
$187K 0.01%
1,870
– –
CBOE icon
1458
Cboe Global Markets
CBOE
$30.6B
$186K 0.01%
1,550
– –
DRI icon
1459
Darden Restaurants
DRI
$25.4B
$186K 0.01%
1,710
-4,660
-73% -$529K
EGRX
1460
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
$186K 0.01%
3,100
+70
+2% +$4.17K
RUTH
1461
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
$185K 0.01%
8,480
+160
+2% +$3.52K
ATNI icon
1462
ATN International
ATNI
$491M
$184K 0.01%
3,330
+50
+2% +$2.84K
COR icon
1463
Cencora
COR
$59.2B
$184K 0.01%
2,160
-7,670
-78% -$657K
LNT icon
1464
Alliant Energy
LNT
$18.2B
$184K 0.01%
3,370
-26,580
-89% -$1.41M
LUMN icon
1465
Lumen
LUMN
$6.6B
$184K 0.01%
13,913
+740
+6% +$9.92K
TALO icon
1466
Talos Energy
TALO
$2.58B
$183K 0.01%
+6,080
New +$142K
VAR
1467
DELISTED
Varian Medical Systems, Inc.
VAR
$183K 0.01%
1,290
-9,230
-88% -$1.18M
FIZZ icon
1468
National Beverage
FIZZ
$2.93B
$182K 0.01%
7,140
+140
+2% +$3.36K
IEX icon
1469
IDEX
IEX
$17.6B
$182K 0.01%
1,060
– –
TTGT icon
1470
TechTarget
TTGT
$277M
$182K 0.01%
6,960
+390
+6% +$9.9K
CEVA icon
1471
CEVA Inc
CEVA
$855M
$181K 0.01%
6,720
+100
+2% +$2.73K
MYE icon
1472
Myers Industries
MYE
$1.25B
$181K 0.01%
10,860
+180
+2% +$3K
DRE
1473
DELISTED
Duke Realty Corp.
DRE
$178K 0.01%
5,120
+140
+3% +$4.83K
HRL icon
1474
Hormel Foods
HRL
$13.4B
$177K 0.01%
3,930
+150
+4% +$6.46K
LMAT icon
1475
LeMaitre Vascular
LMAT
$1.87B
$177K 0.01%
4,930
-20,340
-80% -$702K
57 58
59
60 61

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SFM
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AI
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PEA
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SUT
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WPL
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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.