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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
JLL icon
151
Jones Lang LaSalle
JLL
$17B
$1.66M 0.05%
9,560
+110
+1% +$17.3K
NDAQ icon
152
Nasdaq
NDAQ
$54.6B
$1.66M 0.05%
46,530
+41,760
+875% +$1.42M
DFS
153
DELISTED
Discover Financial Services
DFS
$1.65M 0.05%
19,460
-10,770
-36% -$888K
OGE icon
154
OGE Energy
OGE
$9.71B
$1.65M 0.05%
37,130
+410
+1% +$17.7K
FE icon
155
FirstEnergy
FE
$27.1B
$1.65M 0.05%
33,950
+26,860
+379% +$1.28M
PLAB icon
156
Photronics
PLAB
$1.97B
$1.63M 0.05%
103,550
+510
+0.5% +$6.42K
LIN icon
157
Linde
LIN
$220B
$1.63M 0.05%
7,660
+30
+0.4% +$6.04K
KOP icon
158
Koppers
KOP
$874M
$1.62M 0.05%
42,390
+110
+0.3% +$3.86K
OLED icon
159
Universal Display
OLED
$4.18B
$1.62M 0.05%
7,860
+80
+1% +$15.1K
ADUS icon
160
Addus HomeCare
ADUS
$2.2B
$1.61M 0.05%
16,590
+80
+0.5% +$7.04K
GGG icon
161
Graco
GGG
$13.3B
$1.61M 0.05%
30,940
+340
+1% +$16.2K
AEE icon
162
Ameren
AEE
$30.2B
$1.61M 0.05%
20,940
-1,820
-8% -$138K
GPC icon
163
Genuine Parts
GPC
$18.7B
$1.61M 0.05%
15,140
+13,120
+650% +$1.35M
RNR icon
164
RenaissanceRe
RNR
$13.3B
$1.6M 0.05%
8,190
+90
+1% +$17.1K
NTRS icon
165
Northern Trust
NTRS
$34.8B
$1.6M 0.05%
15,100
+12,040
+393% +$1.23M
CY
166
DELISTED
Cypress Semiconductor
CY
$1.6M 0.05%
68,500
+750
+1% +$17.5K
LII icon
167
Lennox International
LII
$14.5B
$1.6M 0.05%
6,540
+70
+1% +$17.4K
EXPD icon
168
Expeditors International
EXPD
$24.3B
$1.59M 0.05%
20,430
+18,050
+758% +$1.35M
LLY icon
169
Eli Lilly
LLY
$1.08T
$1.59M 0.05%
12,130
-7,960
-40% -$923K
CNP icon
170
CenterPoint Energy
CNP
$26.7B
$1.59M 0.05%
58,430
– –
PCAR icon
171
PACCAR
PCAR
$68.8B
$1.59M 0.05%
30,105
+22,815
+313% +$1.17M
MOH icon
172
Molina Healthcare
MOH
$10.7B
$1.58M 0.05%
11,630
+130
+1% +$16.4K
TTC icon
173
Toro Company
TTC
$9.21B
$1.57M 0.05%
19,770
+210
+1% +$16.1K
POOL icon
174
Pool Corp
POOL
$7.29B
$1.57M 0.05%
7,410
+90
+1% +$18.6K
GM icon
175
General Motors
GM
$75.8B
$1.57M 0.05%
42,910
+10,170
+31% +$370K
5 6
7
8 9

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AI
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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.