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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
AIZ icon
176
Assurant
AIZ
$13.9B
$1.15M 0.04%
11,060
– –
NTRS icon
177
Northern Trust
NTRS
$34.8B
$1.14M 0.04%
15,100
– –
ADUS icon
178
Addus HomeCare
ADUS
$2.21B
$1.13M 0.04%
16,760
+170
+1% +$14.7K
VNO icon
179
Vornado Realty Trust
VNO
$7.43B
$1.13M 0.04%
31,120
– –
SBUX icon
180
Starbucks
SBUX
$125B
$1.12M 0.04%
17,000
– –
MYRG icon
181
MYR Group
MYRG
$5.22B
$1.11M 0.04%
42,490
– –
AMED
182
DELISTED
Amedisys
AMED
$1.11M 0.04%
6,050
+80
+1% +$14.2K
SEIC icon
183
SEI Investments
SEIC
$12.6B
$1.1M 0.03%
23,690
+160
+0.7% +$9.52K
RS icon
184
Reliance Steel & Aluminium
RS
$21.8B
$1.1M 0.03%
12,510
+150
+1% +$16K
GNRC icon
185
Generac Holdings
GNRC
$13.1B
$1.09M 0.03%
+11,720
New +$1.21M
NEOG icon
186
Neogen
NEOG
$2.53B
$1.09M 0.03%
32,480
+420
+1% +$13.8K
OHI icon
187
Omega Healthcare
OHI
$14B
$1.09M 0.03%
41,010
+840
+2% +$31.9K
EHTH icon
188
eHealth
EHTH
$39.1M
$1.08M 0.03%
7,690
+1,550
+25% +$178K
RGLD icon
189
Royal Gold
RGLD
$19.4B
$1.08M 0.03%
12,310
+150
+1% +$15.5K
LITE icon
190
Lumentum
LITE
$82B
$1.07M 0.03%
14,490
+230
+2% +$18.1K
COF icon
191
Capital One
COF
$136B
$1.06M 0.03%
21,120
– –
PLAB icon
192
Photronics
PLAB
$1.99B
$1.06M 0.03%
103,550
– –
CCOI icon
193
Cogent Communications
CCOI
$507M
$1.06M 0.03%
12,910
+160
+1% +$12.1K
EW icon
194
Edwards Lifesciences
EW
$53.9B
$1.05M 0.03%
16,710
+120
+0.7% +$8.65K
OLED icon
195
Universal Display
OLED
$4.17B
$1.05M 0.03%
7,960
+100
+1% +$17.2K
GNTX icon
196
Gentex
GNTX
$4.95B
$1.05M 0.03%
47,260
– –
UGI icon
197
UGI
UGI
$7.55B
$1.05M 0.03%
39,220
+460
+1% +$17.4K
SCHW
198
Charles Schwab
SCHW
$189B
$1.04M 0.03%
31,090
– –
KR icon
199
Kroger
KR
$34.9B
$1.04M 0.03%
34,530
– –
PRU icon
200
Prudential Financial
PRU
$42.6B
$1.04M 0.03%
19,940
+90
+0.5% +$7.15K
6 7
8
9 10

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VAS
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SFM
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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.