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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
-18.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$3.16B
AUM Growth
+$69.9M
Cap. Flow
+$797M
Cap. Flow %
25.22%
Top 10 Hldgs %
62.93%
Holding
1,690
New
25
Increased
642
Reduced
33
Closed
92

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$381M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$374M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$212M
4
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$201M
5
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$180M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$226M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$67.4M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$66.1M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$59.5M
5
FLRN icon
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
+$45.1M

Sector Composition

Rank Sector Weight
1 Technology 5.71%
2 Financials 5.31%
3 Industrials 4.28%
4 Healthcare 4.21%
5 Consumer Discretionary 3.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JBSS icon
126
John B. Sanfilippo & Son
JBSS
$1.01B
$1.41M 0.04%
15,770
– –
ELV icon
127
Elevance Health
ELV
$87.4B
$1.41M 0.04%
6,190
– –
MET icon
128
MetLife
MET
$61.7B
$1.4M 0.04%
45,930
– –
ANSS
129
DELISTED
Ansys
ANSS
$1.39M 0.04%
5,990
+50
+0.8% +$12.9K
TRV icon
130
Travelers Companies
TRV
$78B
$1.39M 0.04%
14,020
– –
ADM icon
131
Archer Daniels Midland
ADM
$38.6B
$1.38M 0.04%
39,320
– –
AMT icon
132
American Tower
AMT
$79.9B
$1.38M 0.04%
6,350
+80
+1% +$18.6K
EXPD icon
133
Expeditors International
EXPD
$24.3B
$1.36M 0.04%
20,430
– –
TFC icon
134
Truist Financial
TFC
$64.6B
$1.36M 0.04%
44,147
+170
+0.4% +$8.04K
FE icon
135
FirstEnergy
FE
$27.3B
$1.36M 0.04%
33,950
– –
TECH icon
136
Bio-Techne
TECH
$11.2B
$1.36M 0.04%
28,600
+360
+1% +$18K
CGNX icon
137
Cognex
CGNX
$10.2B
$1.35M 0.04%
32,070
+410
+1% +$20.5K
AVGO icon
138
Broadcom
AVGO
$2.02T
$1.35M 0.04%
56,880
+300
+0.5% +$8.45K
QCOM icon
139
Qualcomm
QCOM
$174B
$1.35M 0.04%
19,940
+140
+0.7% +$11.5K
SCI icon
140
Service Corp International
SCI
$11.5B
$1.34M 0.04%
34,300
+470
+1% +$21.9K
CSL icon
141
Carlisle Companies
CSL
$15B
$1.33M 0.04%
10,640
+140
+1% +$20.8K
KMI icon
142
Kinder Morgan
KMI
$70.5B
$1.33M 0.04%
95,770
+330
+0.3% +$6.28K
FORM icon
143
FormFactor
FORM
$10.1B
$1.31M 0.04%
65,380
+440
+0.7% +$10.5K
CONE
144
DELISTED
CyrusOne Inc Common Stock
CONE
$1.31M 0.04%
21,240
+240
+1% +$14.7K
CMI icon
145
Cummins
CMI
$87.1B
$1.3M 0.04%
9,620
– –
TTC icon
146
Toro Company
TTC
$9.28B
$1.3M 0.04%
20,010
+240
+1% +$18.2K
CHE icon
147
Chemed
CHE
$7.09B
$1.3M 0.04%
3,000
+50
+2% +$22.3K
NDSN icon
148
Nordson
NDSN
$17.1B
$1.3M 0.04%
9,600
+110
+1% +$16.9K
LHCG
149
DELISTED
LHC Group LLC
LHCG
$1.29M 0.04%
9,177
+110
+1% +$15.3K
GIS icon
150
General Mills
GIS
$20.8B
$1.28M 0.04%
24,310
– –
4 5
6
7 8

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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
HI
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PEA
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SUT
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MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2020 Portfolio in Review

As of Q1 2020, Municipal Employees' Retirement System of Michigan held 1,690 positions worth $3.16B, up 2.3% from $3.09B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $797M of net new capital in Q1 2020, opening 25 new positions and adding to 642 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.

By sector, the portfolio is most concentrated in Technology at 5.7% of assets, down from 7.4% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $67.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2020 buy was State Street SPDR S&P 500 ETF Trust: 1,250,193 shares worth $322M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2020, an estimated $168M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2020 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $67.4M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2020, selling an estimated $226M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 63% of its $3.16B portfolio in Q1 2020.
  • Municipal Employees' Retirement System of Michigan opened 25 new positions and closed 92 in Q1 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.3% quarter-over-quarter to $3.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2020, filed 29 Apr 2020.