We are live on ! Find out more
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
+12.78%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4B
AUM Growth
+$840M
Cap. Flow
+$496M
Cap. Flow %
12.39%
Top 10 Hldgs %
89.37%
Holding
1,603
New
5
Increased
101
Reduced
141
Closed
1,353

Top Buys

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$529M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$437M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$385M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$349M
5
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$159M

Top Sells

Rank Stock Value
1
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$341M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$165M
4
JNK icon
State Street SPDR Bloomberg High Yield Bond ETF
JNK
+$162M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$53.4M

Sector Composition

Rank Sector Weight
1 Technology 1.41%
2 Financials 1.29%
3 Healthcare 1.17%
4 Industrials 0.75%
5 Consumer Staples 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EPAY
1476
DELISTED
Bottomline Technologies Inc
EPAY
– –
-11,810
Closed -$433K
ECOL
1477
DELISTED
US Ecology, Inc.
ECOL
– –
-7,880
Closed -$240K
FOE
1478
DELISTED
Ferro Corporation
FOE
– –
-25,390
Closed -$238K
FLOW
1479
DELISTED
SPX FLOW, Inc.
FLOW
– –
-13,190
Closed -$375K
PBCT
1480
DELISTED
People's United Financial Inc
PBCT
– –
-71,840
Closed -$794K
VRS
1481
DELISTED
Verso Corporation
VRS
– –
-64,200
Closed -$724K
CONE
1482
DELISTED
CyrusOne Inc Common Stock
CONE
– –
-21,240
Closed -$1.31M
KRA
1483
DELISTED
Kraton Corporation
KRA
– –
-9,700
Closed -$79K
RRD
1484
DELISTED
RR Donnelley & Sons Co.
RRD
– –
-21,460
Closed -$21K
FMBI
1485
DELISTED
First Midwest Bancorp Inc/IL
FMBI
– –
-34,070
Closed -$451K
XLNX
1486
DELISTED
Xilinx Inc
XLNX
– –
-3,560
Closed -$277K
GWB
1487
DELISTED
Great Western Bancorp, Inc.
GWB
– –
-17,430
Closed -$357K
MGLN
1488
DELISTED
Magellan Health Services, Inc.
MGLN
– –
-6,750
Closed -$325K
BMTC
1489
DELISTED
Bryn Mawr Bank Corp
BMTC
– –
-13,960
Closed -$396K
COR
1490
DELISTED
Coresite Realty Corporation
COR
– –
-7,070
Closed -$819K
HRC
1491
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
– –
-12,530
Closed -$1.26M
DSPG
1492
DELISTED
DSP Group Inc
DSPG
– –
-6,950
Closed -$93K
MDP
1493
DELISTED
Meredith Corporation
MDP
– –
-7,350
Closed -$90K
RAVN
1494
DELISTED
Raven Industries Inc
RAVN
– –
-10,990
Closed -$233K
ECHO
1495
DELISTED
Echo Global Logistics, Inc.
ECHO
– –
-8,350
Closed -$143K
SVBI
1496
DELISTED
Severn Bancorp Inc/MD
SVBI
– –
-47,330
Closed -$304K
GPX
1497
DELISTED
GP Strategies Corp.
GPX
– –
-44,230
Closed -$288K
IEC
1498
DELISTED
IEC Electronics Corp.
IEC
– –
-63,250
Closed -$376K
XEC
1499
DELISTED
CIMAREX ENERGY CO
XEC
– –
-20,500
Closed -$345K
LDL
1500
DELISTED
Lydall, Inc.
LDL
– –
-5,370
Closed -$35K
58 59
60
61 62

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 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
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q2 2020 Portfolio in Review

As of Q2 2020, Municipal Employees' Retirement System of Michigan held 1,603 positions worth $4B, up 27% from $3.16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $496M of net new capital in Q2 2020, opening 5 new positions and adding to 101 existing holdings. Its largest new stake was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.

By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 5.7% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was iShares Core MSCI Europe ETF, an estimated $165M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2020 buy was State Street SPDR Portfolio Intermediate Term Treasury ETF: 13,211,396 shares worth $439M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Short Term Treasury ETF in Q2 2020, an estimated $529M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2020 reduction was iShares Core MSCI Europe ETF, cutting an estimated $165M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q2 2020, selling an estimated $341M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 89% of its $4B portfolio in Q2 2020.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 1,353 in Q2 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 27% quarter-over-quarter to $4B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2020, filed 6 Jul 2020.