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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
MCRI icon
1476
Monarch Casino & Resort
MCRI
$2.2B
$177K 0.01%
3,650
+70
+2% +$3.11K
ANIP icon
1477
ANI Pharmaceuticals
ANIP
$1.72B
$176K 0.01%
2,850
+60
+2% +$3.98K
LW icon
1478
Lamb Weston
LW
$7.39B
$175K 0.01%
2,030
– –
WT icon
1479
WisdomTree
WT
$3.44B
$175K 0.01%
36,070
+570
+2% +$2.83K
CHRD icon
1480
Chord Energy
CHRD
$7.35B
$174K 0.01%
53,460
+3,480
+7% +$9.96K
ODFL icon
1481
Old Dominion Freight Line
ODFL
$44.7B
$173K 0.01%
2,730
-32,490
-92% -$1.99M
ECHO
1482
DELISTED
Echo Global Logistics, Inc.
ECHO
$173K 0.01%
8,350
+160
+2% +$3.34K
J icon
1483
Jacobs Solutions
J
$16.8B
$172K 0.01%
2,321
-12,960
-85% -$981K
SRDX
1484
DELISTED
Surmodics
SRDX
$171K 0.01%
4,130
+110
+3% +$4.63K
CHK
1485
DELISTED
Chesapeake Energy Corporation
CHK
$171K 0.01%
1,035
– –
ASIX icon
1486
AdvanSix
ASIX
$446M
$170K 0.01%
8,510
+160
+2% +$3.5K
CPS icon
1487
Cooper-Standard Automotive
CPS
$484M
$170K 0.01%
5,120
+210
+4% +$6.8K
OPB
1488
DELISTED
Opus Bank Common Stock
OPB
$170K 0.01%
6,590
+130
+2% +$3.22K
OSPN icon
1489
OneSpan
OSPN
$624M
$169K 0.01%
9,900
+550
+6% +$9.35K
GME icon
1490
GameStop
GME
$8.33B
$168K 0.01%
110,520
+1,760
+2% +$2.58K
GPRE icon
1491
Green Plains
GPRE
$1.09B
$166K 0.01%
10,770
– –
NBL
1492
DELISTED
Noble Energy, Inc.
NBL
$165K 0.01%
6,650
-10,990
-62% -$233K
ALLE icon
1493
Allegion
ALLE
$14.2B
$163K 0.01%
1,310
-18,840
-93% -$2.17M
POLY
1494
DELISTED
Plantronics, Inc.
POLY
$163K 0.01%
5,950
– –
AAP icon
1495
Advance Auto Parts
AAP
$3.46B
$162K 0.01%
1,010
+30
+3% +$4.81K
CBB
1496
DELISTED
Cincinnati Bell Inc.
CBB
$162K 0.01%
15,430
+440
+3% +$2.7K
HT
1497
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$161K 0.01%
11,070
+290
+3% +$4.11K
VTLE
1498
DELISTED
Vital Energy
VTLE
$159K 0.01%
2,762
+54
+2% +$2.62K
WU icon
1499
Western Union
WU
$2.34B
$159K 0.01%
5,950
– –
AAL icon
1500
American Airlines Group
AAL
$9.97B
$158K 0.01%
5,510
– –
58 59
60
61 62

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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
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
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PVI
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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.