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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
MASI
201
DELISTED
Masimo
MASI
$1.44M 0.05%
9,100
+100
+1% +$15K
LAMR icon
202
Lamar Advertising Co
LAMR
$15.8B
$1.42M 0.05%
15,940
+170
+1% +$14.2K
MTB icon
203
M&T Bank
MTB
$36.6B
$1.42M 0.05%
8,380
+430
+5% +$69.8K
CMTL icon
204
Comtech Telecommunications
CMTL
$52.7M
$1.42M 0.05%
40,010
+90
+0.2% +$3.09K
DAR icon
205
Darling Ingredients
DAR
$10.4B
$1.42M 0.05%
50,420
+990
+2% +$22.1K
HRC
206
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
$1.41M 0.05%
12,390
+130
+1% +$13.7K
CZR
207
DELISTED
Caesars Entertainment Corporation
CZR
$1.4M 0.05%
103,090
+1,130
+1% +$14.3K
POST icon
208
Post Holdings
POST
$3.65B
$1.39M 0.05%
19,467
+398
+2% +$27.2K
DHR icon
209
Danaher
DHR
$143B
$1.39M 0.04%
10,208
+236
+2% +$29.8K
DAL icon
210
Delta Air Lines
DAL
$60B
$1.39M 0.04%
23,710
+15,150
+177% +$850K
STLD icon
211
Steel Dynamics
STLD
$37.3B
$1.39M 0.04%
40,740
+450
+1% +$14.4K
SBNY
212
DELISTED
Signature Bank
SBNY
$1.39M 0.04%
10,150
+110
+1% +$13.8K
MYRG icon
213
MYR Group
MYRG
$5.1B
$1.39M 0.04%
42,490
+90
+0.2% +$2.97K
CABO icon
214
Cable One
CABO
$206M
$1.38M 0.04%
930
+10
+1% +$14.2K
CRL icon
215
Charles River Laboratories
CRL
$13.4B
$1.38M 0.04%
9,050
+100
+1% +$13.8K
GE icon
216
GE Aerospace
GE
$374B
$1.38M 0.04%
24,813
+253
+1% +$13.1K
ATR icon
217
AptarGroup
ATR
$8.43B
$1.37M 0.04%
11,880
+130
+1% +$14.8K
CONE
218
DELISTED
CyrusOne Inc Common Stock
CONE
$1.37M 0.04%
21,000
+230
+1% +$15.8K
PNW icon
219
Pinnacle West Capital
PNW
$12.2B
$1.37M 0.04%
15,260
+13,710
+885% +$1.24M
LMT icon
220
Lockheed Martin
LMT
$138B
$1.37M 0.04%
3,520
-3,390
-49% -$1.3M
GNTX icon
221
Gentex
GNTX
$4.99B
$1.37M 0.04%
47,260
+520
+1% +$14.6K
CBSH icon
222
Commerce Bancshares
CBSH
$8.61B
$1.37M 0.04%
26,995
+1,494
+6% +$69.8K
CCS icon
223
Century Communities
CCS
$2.04B
$1.36M 0.04%
49,890
+160
+0.3% +$4.68K
DCI icon
224
Donaldson
DCI
$11.1B
$1.36M 0.04%
23,650
+250
+1% +$13.6K
XPO icon
225
XPO
XPO
$24.7B
$1.36M 0.04%
49,443
+550
+1% +$15.1K
7 8
9
10 11

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SFM
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AI
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PEA
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SUT
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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.