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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
SEE
1526
DELISTED
Sealed Air
SEE
$52K ﹤0.01%
2,110
– –
UFI icon
1527
UNIFI
UFI
$127M
$52K ﹤0.01%
4,470
– –
CHUY
1528
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
$51K ﹤0.01%
5,070
– –
FOX icon
1529
Fox Class B
FOX
$24B
$50K ﹤0.01%
2,196
– –
LEG icon
1530
Leggett & Platt
LEG
$1.31B
$50K ﹤0.01%
1,870
– –
MTDR icon
1531
Matador Resources
MTDR
$6.41B
$50K ﹤0.01%
20,230
– –
CAMP
1532
DELISTED
CalAmp Corp.
CAMP
$48K ﹤0.01%
460
+19
+4% +$3.72K
CHS
1533
DELISTED
Chicos FAS, Inc.
CHS
$47K ﹤0.01%
36,070
– –
GHL
1534
DELISTED
Greenhill & Co., Inc.
GHL
$47K ﹤0.01%
4,770
– –
FOSL icon
1535
Fossil Group
FOSL
$320M
$46K ﹤0.01%
14,080
– –
WPG
1536
DELISTED
Washington Prime Group Inc.
WPG
$46K ﹤0.01%
6,344
– –
AAOI icon
1537
Applied Optoelectronics
AAOI
$11.8B
$44K ﹤0.01%
5,820
– –
FLS icon
1538
Flowserve
FLS
$10.1B
$44K ﹤0.01%
1,860
– –
RGS icon
1539
Regis Corp
RGS
$69.8M
$44K ﹤0.01%
375
– –
EXTN
1540
DELISTED
Exterran Corporation
EXTN
$43K ﹤0.01%
8,890
– –
HOG icon
1541
Harley-Davidson
HOG
$2.84B
$41K ﹤0.01%
2,190
– –
SLCA
1542
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$41K ﹤0.01%
22,520
– –
SM icon
1543
SM Energy
SM
$7.67B
$40K ﹤0.01%
32,470
– –
LL
1544
DELISTED
LL Flooring Holdings, Inc.
LL
$40K ﹤0.01%
8,560
– –
HT
1545
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
$40K ﹤0.01%
11,070
– –
MIK
1546
DELISTED
Michaels Stores, Inc
MIK
$40K ﹤0.01%
24,710
– –
NBL
1547
DELISTED
Noble Energy, Inc.
NBL
$40K ﹤0.01%
6,650
– –
MTUS icon
1548
Metallus
MTUS
$896M
$39K ﹤0.01%
12,210
– –
BBWI icon
1549
Bath & Body Works
BBWI
$3.65B
$38K ﹤0.01%
4,119
+321
+8% +$5.1K
OIS icon
1550
Oil States International
OIS
$539M
$38K ﹤0.01%
18,520
– –
60 61
62
63 64

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VAS
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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
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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.