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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
SRE icon
201
Sempra
SRE
$56.4B
– –
-16,020
Closed -$939K
STT icon
202
State Street
STT
$52.3B
– –
-11,510
Closed -$731K
SYF icon
203
Synchrony
SYF
$26B
– –
-24,490
Closed -$543K
T icon
204
AT&T
T
$167B
– –
-141,509
Closed -$3.23M
TFC icon
205
Truist Financial
TFC
$65B
– –
-18,210
Closed -$684K
TFX icon
206
Teleflex
TFX
$5.77B
– –
-2,090
Closed -$761K
TGT icon
207
Target
TGT
$70.7B
– –
-3,880
Closed -$465K
TMO icon
208
Thermo Fisher Scientific
TMO
$222B
– –
-9,310
Closed -$3.37M
TROW icon
209
T. Rowe Price
TROW
$23.8B
– –
-10,410
Closed -$1.29M
TRV icon
210
Travelers Companies
TRV
$77.4B
– –
-9,200
Closed -$1.05M
TSN icon
211
Tyson Foods
TSN
$19.8B
– –
-6,170
Closed -$368K
TXN icon
212
Texas Instruments
TXN
$254B
– –
-27,640
Closed -$3.51M
TXT icon
213
Textron
TXT
$15.2B
– –
-14,920
Closed -$491K
UAL icon
214
United Airlines
UAL
$41.3B
– –
-310
Closed -$11K
UNH icon
215
UnitedHealth
UNH
$363B
– –
-10,730
Closed -$3.17M
UNM icon
216
Unum
UNM
$14.9B
– –
-31,080
Closed -$516K
UNP icon
217
Union Pacific
UNP
$176B
– –
-20,050
Closed -$3.39M
UPS icon
218
United Parcel Service
UPS
$89.2B
– –
-9,310
Closed -$1.03M
V icon
219
Visa
V
$676B
– –
-17,200
Closed -$3.32M
VMC icon
220
Vulcan Materials
VMC
$36.2B
– –
-5,790
Closed -$671K
VNO icon
221
Vornado Realty Trust
VNO
$7.48B
– –
-15,640
Closed -$598K
VRSN icon
222
VeriSign
VRSN
$25.9B
– –
-7,470
Closed -$1.54M
VRTX icon
223
Vertex Pharmaceuticals
VRTX
$133B
– –
-3,130
Closed -$909K
VTR icon
224
Ventas
VTR
$46.2B
– –
-7,230
Closed -$265K
VZ icon
225
Verizon
VZ
$197B
– –
-55,670
Closed -$3.07M
7 8
9
10 11

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VAS
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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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MU
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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.