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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
CRCM
1551
DELISTED
CARE.COM, INC.
CRCM
$128K ﹤0.01%
8,540
-39,050
-82% -$469K
DISH
1552
DELISTED
DISH Network Corp.
DISH
$128K ﹤0.01%
3,600
+420
+13% +$14.5K
IRM icon
1553
Iron Mountain
IRM
$37.7B
$127K ﹤0.01%
3,970
-25,480
-87% -$835K
FTI icon
1554
TechnipFMC
FTI
$30.1B
$126K ﹤0.01%
7,916
– –
MPAA icon
1555
Motorcar Parts of America
MPAA
$235M
$126K ﹤0.01%
5,730
+190
+3% +$3.67K
TUP
1556
DELISTED
Tupperware Brands Corporation
TUP
$126K ﹤0.01%
14,640
– –
SPPI
1557
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$126K ﹤0.01%
34,540
+680
+2% +$5.49K
AMAG
1558
DELISTED
AMAG Pharmaceuticals
AMAG
$124K ﹤0.01%
10,170
– –
IPG
1559
DELISTED
Interpublic Group of Companies
IPG
$123K ﹤0.01%
5,330
-30,310
-85% -$666K
KIM icon
1560
Kimco Realty
KIM
$16.4B
$121K ﹤0.01%
5,840
– –
IIIN icon
1561
Insteel Industries
IIIN
$634M
$120K ﹤0.01%
5,600
+140
+3% +$2.96K
FFIV icon
1562
F5
FFIV
$23.6B
$119K ﹤0.01%
850
-6,000
-88% -$845K
CNR
1563
Core Natural Resources Inc
CNR
$4.64B
$119K ﹤0.01%
8,210
– –
KSS icon
1564
Kohl's
KSS
$2.22B
$117K ﹤0.01%
2,290
-6,060
-73% -$308K
MHK icon
1565
Mohawk Industries
MHK
$9.42B
$116K ﹤0.01%
850
– –
CENX icon
1566
Century Aluminum
CENX
$4.59B
$114K ﹤0.01%
15,230
+470
+3% +$3.26K
UFI icon
1567
UNIFI
UFI
$120M
$113K ﹤0.01%
4,470
+130
+3% +$3.14K
FOSL icon
1568
Fossil Group
FOSL
$330M
$111K ﹤0.01%
14,080
+430
+3% +$3.97K
NWL icon
1569
Newell Brands
NWL
$2.63B
$111K ﹤0.01%
5,770
– –
LDL
1570
DELISTED
Lydall, Inc.
LDL
$110K ﹤0.01%
5,370
+140
+3% +$2.9K
DSPG
1571
DELISTED
DSP Group Inc
DSPG
$109K ﹤0.01%
6,950
+560
+9% +$8.25K
CLW icon
1572
Clearwater Paper
CLW
$354M
$108K ﹤0.01%
5,050
+130
+3% +$2.61K
TR icon
1573
Tootsie Roll Industries
TR
$3.02B
$106K ﹤0.01%
3,813
– –
ABMD
1574
DELISTED
Abiomed Inc
ABMD
$106K ﹤0.01%
620
– –
CYH icon
1575
Community Health Systems
CYH
$419M
$104K ﹤0.01%
35,790
+1,020
+3% +$3.53K
61 62
63
64 65

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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.