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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
+4.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$4.16B
AUM Growth
+$159M
Cap. Flow
-$561K
Cap. Flow %
-0.01%
Top 10 Hldgs %
98.25%
Holding
252
New
2
Increased
5
Reduced
2
Closed
238

Top Buys

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$666M
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$125M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$45.1M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$34.1M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$30M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$413M
2
GOVT icon
iShares US Treasury Bond ETF
GOVT
+$108M
3
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$73.5M
4
PYPL icon
PayPal
PYPL
+$3.81M
5
NVDA icon
NVIDIA
NVDA
+$3.76M

Sector Composition

Rank Sector Weight
1 Communication Services 0%
2 Consumer Discretionary 0%
3 Consumer Staples 0%
4 Energy 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PGR icon
176
Progressive
PGR
$122B
– –
-13,050
Closed -$1.04M
PH icon
177
Parker-Hannifin
PH
$133B
– –
-4,350
Closed -$797K
PHM icon
178
Pultegroup
PHM
$24.9B
– –
-13,190
Closed -$449K
PKG icon
179
Packaging Corp of America
PKG
$22.9B
– –
-7,790
Closed -$777K
PM icon
180
Philip Morris
PM
$296B
– –
-44,190
Closed -$3.1M
PNC icon
181
PNC Financial Services
PNC
$103B
– –
-9,570
Closed -$1.01M
PPL
182
PPL Corp
PPL
$26.8B
– –
-37,280
Closed -$963K
PRU icon
183
Prudential Financial
PRU
$42.9B
– –
-13,660
Closed -$832K
PVH icon
184
PVH
PVH
$3.82B
– –
-2,890
Closed -$139K
PWR icon
185
Quanta Services
PWR
$102B
– –
-21,770
Closed -$854K
PYPL icon
186
PayPal
PYPL
$51.4B
– –
-21,890
Closed -$3.81M
QCOM icon
187
Qualcomm
QCOM
$174B
– –
-12,010
Closed -$1.09M
QRVO icon
188
Qorvo
QRVO
$8.68B
– –
-5,210
Closed -$576K
RF icon
189
Regions Financial
RF
$27B
– –
-49,690
Closed -$553K
RJF icon
190
Raymond James Financial
RJF
$34.7B
– –
-16,485
Closed -$756K
RL icon
191
Ralph Lauren
RL
$23.1B
– –
-8,010
Closed -$581K
RMD icon
192
ResMed
RMD
$32.7B
– –
-3,880
Closed -$745K
ROP icon
193
Roper Technologies
ROP
$39.1B
– –
-4,020
Closed -$1.56M
RSG icon
194
Republic Services
RSG
$66B
– –
-28,660
Closed -$2.35M
RTX icon
195
RTX Corp
RTX
$296B
– –
-1
Closed –
SHW icon
196
Sherwin-Williams
SHW
$87.8B
– –
-4,680
Closed -$901K
SJM icon
197
J.M. Smucker
SJM
$12.9B
– –
-5,960
Closed -$631K
SLG icon
198
SL Green Realty
SLG
$4.1B
– –
-17,417
Closed -$831K
SNA icon
199
Snap-on
SNA
$21B
– –
-8,180
Closed -$1.13M
SO icon
200
Southern Company
SO
$107B
– –
-12,510
Closed -$649K
6 7
8
9 10

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SFM
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AI
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HI
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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 Q3 2020 Portfolio in Review

As of Q3 2020, Municipal Employees' Retirement System of Michigan held 252 positions worth $4.16B, up 4% from $4B the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q3 2020 filing shows 2 new, 5 increased, 2 reduced and 238 closed positions. Its largest new stake was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $413M.

By sector, the portfolio is most concentrated in Communication Services at 0% of assets, down from 0.73% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2020 buy was iShares MSCI Emerging Markets ETF: 2,860,243 shares worth $126M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q3 2020, an estimated $666M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $413M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares US Treasury Bond ETF in Q3 2020, selling an estimated $108M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 98% of its $4.16B portfolio in Q3 2020.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 238 in Q3 2020.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 4% quarter-over-quarter to $4.16B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2020, filed 5 Oct 2020.