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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
CAL icon
1501
Caleres
CAL
$455M
$67K ﹤0.01%
12,920
– –
GTX icon
1502
Garrett Motion
GTX
$5.42B
$66K ﹤0.01%
23,180
+560
+2% +$4.08K
CPE
1503
DELISTED
Callon Petroleum Company
CPE
$66K ﹤0.01%
12,096
+153
+1% +$3.77K
MHK icon
1504
Mohawk Industries
MHK
$9.39B
$65K ﹤0.01%
850
– –
PUMP icon
1505
ProPetro Holding
PUMP
$1.44B
$63K ﹤0.01%
25,200
– –
AMAG
1506
DELISTED
AMAG Pharmaceuticals
AMAG
$63K ﹤0.01%
10,170
– –
SBOW
1507
DELISTED
SilverBow Resources, Inc.
SBOW
$62K ﹤0.01%
25,070
– –
TISI icon
1508
Team
TISI
$101M
$60K ﹤0.01%
927
– –
ACIC icon
1509
American Coastal Insurance
ACIC
$461M
$58K ﹤0.01%
6,230
– –
GCO icon
1510
Genesco
GCO
$393M
$58K ﹤0.01%
4,320
– –
APA icon
1511
APA Corp
APA
$14B
$57K ﹤0.01%
13,590
– –
SPOK icon
1512
Spok Holdings
SPOK
$230M
$57K ﹤0.01%
5,370
– –
CUTR
1513
DELISTED
Cutera, Inc.
CUTR
$57K ﹤0.01%
4,340
– –
RUTH
1514
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
$57K ﹤0.01%
8,480
– –
ARLO icon
1515
Arlo Technologies
ARLO
$1.53B
$56K ﹤0.01%
22,908
– –
TDAY
1516
USA Today Co
TDAY
$997M
$56K ﹤0.01%
37,543
– –
KIM icon
1517
Kimco Realty
KIM
$16.3B
$56K ﹤0.01%
5,840
– –
FBM
1518
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
$56K ﹤0.01%
+5,460
New +$88.7K
CENX icon
1519
Century Aluminum
CENX
$4.81B
$55K ﹤0.01%
15,230
– –
DAKT icon
1520
Daktronics
DAKT
$996M
$55K ﹤0.01%
11,190
– –
CPS icon
1521
Cooper-Standard Automotive
CPS
$485M
$53K ﹤0.01%
5,120
– –
IPGP icon
1522
IPG Photonics
IPGP
$3.66B
$53K ﹤0.01%
480
– –
GPRE icon
1523
Green Plains
GPRE
$1.09B
$52K ﹤0.01%
10,770
– –
LOCO icon
1524
El Pollo Loco
LOCO
$469M
$52K ﹤0.01%
6,190
– –
NOV icon
1525
NOV
NOV
$7.43B
$52K ﹤0.01%
5,310
– –
59 60
61
62 63

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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.