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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
WRB icon
1526
W.R. Berkley
WRB
$26.2B
$142K ﹤0.01%
4,635
-55,091
-92% -$1.7M
DO
1527
DELISTED
Diamond Offshore Drilling
DO
$142K ﹤0.01%
19,810
+490
+3% +$2.85K
ETD icon
1528
Ethan Allen Interiors
ETD
$583M
$141K ﹤0.01%
7,390
– –
JBHT icon
1529
JB Hunt Transport Services
JBHT
$26.5B
$140K ﹤0.01%
1,200
– –
UNFI icon
1530
United Natural Foods
UNFI
$2.94B
$138K ﹤0.01%
15,790
– –
SLCA
1531
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$138K ﹤0.01%
22,520
+480
+2% +$2.9K
FSB
1532
DELISTED
Franklin Financial Network, Inc.
FSB
$138K ﹤0.01%
4,030
+300
+8% +$9.88K
DDS icon
1533
Dillards
DDS
$9.59B
$137K ﹤0.01%
1,870
– –
HAYN
1534
DELISTED
Haynes International, Inc.
HAYN
$137K ﹤0.01%
3,830
+90
+2% +$3.25K
CHS
1535
DELISTED
Chicos FAS, Inc.
CHS
$137K ﹤0.01%
36,070
+710
+2% +$2.73K
NPK icon
1536
National Presto Industries
NPK
$987M
$136K ﹤0.01%
1,540
+40
+3% +$3.48K
APEI icon
1537
American Public Education
APEI
$828M
$134K ﹤0.01%
4,910
+100
+2% +$2.44K
FORR icon
1538
Forrester Research
FORR
$224M
$134K ﹤0.01%
3,210
+150
+5% +$5.59K
RGS icon
1539
Regis Corp
RGS
$70.1M
$134K ﹤0.01%
375
+7
+2% +$2.6K
GPOR
1540
DELISTED
Gulfport Energy Corp.
GPOR
$134K ﹤0.01%
44,180
– –
FRT icon
1541
Federal Realty Investment Trust
FRT
$10.3B
$133K ﹤0.01%
1,030
– –
NOV icon
1542
NOV
NOV
$7.36B
$133K ﹤0.01%
5,310
-17,180
-76% -$387K
PGNX
1543
DELISTED
Progenics Pharmaceuticals Inc
PGNX
$133K ﹤0.01%
26,200
+910
+4% +$4.81K
CPB icon
1544
Campbell Soup
CPB
$6.94B
$132K ﹤0.01%
2,670
– –
POWL icon
1545
Powell Industries
POWL
$7.43B
$132K ﹤0.01%
8,070
+210
+3% +$2.95K
CCRN
1546
DELISTED
Cross Country Healthcare
CCRN
$131K ﹤0.01%
11,290
+260
+2% +$2.94K
RRGB icon
1547
Red Robin
RRGB
$183M
$131K ﹤0.01%
3,970
+90
+2% +$2.66K
CHUY
1548
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
$131K ﹤0.01%
5,070
– –
VSTO
1549
DELISTED
Vista Outdoor Inc.
VSTO
$131K ﹤0.01%
17,510
+360
+2% +$2.7K
FBIN icon
1550
Fortune Brands Innovations
FBIN
$5.78B
$130K ﹤0.01%
2,328
+105
+5% +$5.52K
60 61
62
63 64

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VAS
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SFM
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AI
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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 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.