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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
LYV icon
126
Live Nation Entertainment
LYV
$43.3B
$1.84M 0.06%
25,800
+290
+1% +$19.7K
MHO icon
127
M/I Homes
MHO
$3.9B
$1.84M 0.06%
46,640
+190
+0.4% +$7.95K
ADM icon
128
Archer Daniels Midland
ADM
$38.6B
$1.82M 0.06%
39,320
-25,200
-39% -$1.07M
COP icon
129
ConocoPhillips
COP
$150B
$1.82M 0.06%
27,940
-1,390
-5% -$81.7K
PSX icon
130
Phillips 66
PSX
$92.8B
$1.81M 0.06%
16,270
+2,350
+17% +$264K
PYPL icon
131
PayPal
PYPL
$51.8B
$1.81M 0.06%
16,710
-31,650
-65% -$3.3M
BNY
132
Bank of New York Mellon
BNY
$110B
$1.8M 0.06%
35,700
-10,170
-22% -$485K
RYZ
133
Ryerson Holding Corp
RYZ
$1.5B
$1.8M 0.06%
151,840
– –
AVGO icon
134
Broadcom
AVGO
$1.99T
$1.79M 0.06%
56,580
-107,100
-65% -$3.25M
SPTN
135
DELISTED
SpartanNash
SPTN
$1.78M 0.06%
125,340
+260
+0.2% +$3.43K
SYY icon
136
Sysco
SYY
$40B
$1.77M 0.06%
20,750
+120
+0.6% +$9.72K
CGNX icon
137
Cognex
CGNX
$10.4B
$1.77M 0.06%
31,660
+350
+1% +$18.1K
LPT
138
DELISTED
Liberty Property Trust
LPT
$1.76M 0.06%
29,270
+320
+1% +$18.3K
UGI icon
139
UGI
UGI
$7.56B
$1.75M 0.06%
38,760
+420
+1% +$19.2K
QCOM icon
140
Qualcomm
QCOM
$173B
$1.75M 0.06%
19,800
+2,740
+16% +$229K
CI icon
141
Cigna
CI
$73.5B
$1.73M 0.06%
8,444
+3,120
+59% +$572K
CMI icon
142
Cummins
CMI
$87B
$1.72M 0.06%
9,620
-410
-4% -$72.2K
BRO icon
143
Brown & Brown
BRO
$24B
$1.71M 0.06%
43,300
+470
+1% +$17.7K
NNN icon
144
NNN REIT
NNN
$8.87B
$1.71M 0.06%
31,840
+350
+1% +$19.4K
OHI icon
145
Omega Healthcare
OHI
$13.9B
$1.7M 0.06%
40,170
+440
+1% +$18.6K
ALG icon
146
Alamo Group
ALG
$1.99B
$1.7M 0.06%
13,530
+70
+0.5% +$8.19K
CSL icon
147
Carlisle Companies
CSL
$14.9B
$1.7M 0.06%
10,500
+120
+1% +$18.5K
FORM icon
148
FormFactor
FORM
$10.3B
$1.69M 0.05%
64,940
+540
+0.8% +$12.2K
WEX icon
149
WEX
WEX
$6.78B
$1.68M 0.05%
8,030
+90
+1% +$18K
CINF icon
150
Cincinnati Financial
CINF
$26.5B
$1.68M 0.05%
15,930
+13,830
+659% +$1.51M
4 5
6
7 8

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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.