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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
HAYN
1476
DELISTED
Haynes International, Inc.
HAYN
$79K ﹤0.01%
3,830
– –
KRA
1477
DELISTED
Kraton Corporation
KRA
$79K ﹤0.01%
9,700
– –
CHEF icon
1478
Chefs' Warehouse
CHEF
$4.53B
$78K ﹤0.01%
7,790
– –
KOP icon
1479
Koppers
KOP
$874M
$78K ﹤0.01%
6,330
-36,060
-85% -$926K
MTRX icon
1480
Matrix Service
MTRX
$330M
$78K ﹤0.01%
8,220
– –
ROCC
1481
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
$78K ﹤0.01%
25,210
– –
FRT icon
1482
Federal Realty Investment Trust
FRT
$10.3B
$77K ﹤0.01%
1,030
– –
NWL icon
1483
Newell Brands
NWL
$2.62B
$77K ﹤0.01%
5,770
– –
CCRN
1484
DELISTED
Cross Country Healthcare
CCRN
$76K ﹤0.01%
11,290
– –
ETD icon
1485
Ethan Allen Interiors
ETD
$578M
$76K ﹤0.01%
7,390
– –
IVC
1486
DELISTED
Invacare Corporation
IVC
$76K ﹤0.01%
10,170
– –
IR icon
1487
Ingersoll Rand
IR
$32.5B
$75K ﹤0.01%
+3,026
New +$96.1K
PKE icon
1488
Park Aerospace
PKE
$802M
$75K ﹤0.01%
5,960
– –
IIIN icon
1489
Insteel Industries
IIIN
$635M
$74K ﹤0.01%
5,600
– –
AOS icon
1490
A.O. Smith
AOS
$8.45B
$73K ﹤0.01%
1,930
– –
HLX icon
1491
Helix Energy Solutions
HLX
$1.49B
$72K ﹤0.01%
43,790
+540
+1% +$3.56K
MPAA icon
1492
Motorcar Parts of America
MPAA
$237M
$72K ﹤0.01%
5,730
– –
DISH
1493
DELISTED
DISH Network Corp.
DISH
$72K ﹤0.01%
3,600
– –
GME icon
1494
GameStop
GME
$8.31B
$71K ﹤0.01%
81,680
-28,840
-26% -$30.9K
ROL icon
1495
Rollins
ROL
$17.4B
$71K ﹤0.01%
2,963
– –
CIR
1496
DELISTED
CIRCOR International, Inc
CIR
$71K ﹤0.01%
6,090
– –
LCI
1497
DELISTED
Lannett Company, Inc.
LCI
$71K ﹤0.01%
2,555
– –
DDS icon
1498
Dillards
DDS
$9.44B
$69K ﹤0.01%
1,870
– –
POWL icon
1499
Powell Industries
POWL
$7.61B
$69K ﹤0.01%
8,070
– –
AAL icon
1500
American Airlines Group
AAL
$9.98B
$67K ﹤0.01%
5,510
– –
58 59
60
61 62

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SFM
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AI
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HI
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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 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.