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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
SCI icon
176
Service Corp International
SCI
$11.3B
$1.56M 0.05%
33,830
+370
+1% +$16.7K
TECH icon
177
Bio-Techne
TECH
$11.2B
$1.55M 0.05%
28,240
+320
+1% +$16.8K
NDSN icon
178
Nordson
NDSN
$17.3B
$1.54M 0.05%
9,490
+100
+1% +$15.8K
SEIC icon
179
SEI Investments
SEIC
$12.8B
$1.54M 0.05%
23,530
+260
+1% +$16.2K
PARA
180
DELISTED
Paramount Global Class B
PARA
$1.53M 0.05%
36,451
+17,861
+96% +$692K
ANSS
181
DELISTED
Ansys
ANSS
$1.53M 0.05%
5,940
-1,630
-22% -$386K
CTLT
182
DELISTED
CATALENT, INC.
CTLT
$1.52M 0.05%
27,090
+300
+1% +$15.3K
AFG icon
183
American Financial Group
AFG
$12.1B
$1.52M 0.05%
13,850
+150
+1% +$16.1K
HST icon
184
Host Hotels & Resorts
HST
$15.6B
$1.51M 0.05%
81,680
+15,870
+24% +$274K
SLG icon
185
SL Green Realty
SLG
$4.08B
$1.51M 0.05%
16,952
– –
SBUX icon
186
Starbucks
SBUX
$124B
$1.5M 0.05%
17,000
– –
HUBB icon
187
Hubbell
HUBB
$26.8B
$1.49M 0.05%
10,090
+110
+1% +$15.7K
PPL
188
PPL Corp
PPL
$26.8B
$1.49M 0.05%
41,590
– –
RGLD icon
189
Royal Gold
RGLD
$19.1B
$1.49M 0.05%
12,160
+130
+1% +$15.4K
UPBD icon
190
Upbound Group
UPBD
$1.15B
$1.48M 0.05%
51,370
+300
+0.6% +$7.84K
RS icon
191
Reliance Steel & Aluminium
RS
$21.7B
$1.48M 0.05%
12,360
+130
+1% +$14.7K
SCHW
192
Charles Schwab
SCHW
$190B
$1.48M 0.05%
31,090
+14,410
+86% +$635K
BIO icon
193
Bio-Rad Laboratories Class A
BIO
$9.66B
$1.48M 0.05%
3,990
+50
+1% +$17.6K
BF.B icon
194
Brown-Forman Class B
BF.B
$12.9B
$1.46M 0.05%
21,545
+19,240
+835% +$1.25M
HUM icon
195
Humana
HUM
$46.2B
$1.46M 0.05%
3,970
-1,650
-29% -$523K
AIZ icon
196
Assurant
AIZ
$13.9B
$1.45M 0.05%
11,060
+10,210
+1,201% +$1.31M
KRC icon
197
Kilroy Realty
KRC
$4.3B
$1.45M 0.05%
17,230
+190
+1% +$15.5K
AMT icon
198
American Tower
AMT
$81.2B
$1.44M 0.05%
6,270
+70
+1% +$15.2K
JBSS icon
199
John B. Sanfilippo & Son
JBSS
$1.01B
$1.44M 0.05%
15,770
+40
+0.3% +$3.88K
PTC icon
200
PTC
PTC
$16.7B
$1.44M 0.05%
19,230
+210
+1% +$14.9K
6 7
8
9 10

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SFM
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AI
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PEA
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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.