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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
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$1.77B 42.55%
5,268,457
+2,001,908
+61% +$666M
SPTS icon
2
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$610M 14.66%
19,871,176
+977,198
+5% +$30M
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$484M 11.64%
14,567,226
+1,355,830
+10% +$45.1M
IJH icon
4
iShares Core S&P Mid-Cap ETF
IJH
$128B
$433M 10.4%
11,679,765
+72,820
+0.6% +$2.72M
EMB icon
5
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$227M 5.46%
2,047,415
-654,900
-24% -$73.5M
BBJP icon
6
JPMorgan BetaBuilders Japan ETF
BBJP
$19.1B
$176M 4.24%
3,576,195
– –
EEM icon
7
iShares MSCI Emerging Markets ETF
EEM
$30.4B
$126M 3.03%
+2,860,243
New +$125M
MBB icon
8
iShares MBS ETF
MBB
$39B
$91.5M 2.2%
828,554
– –
TLT icon
9
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$87.2M 2.1%
534,409
– –
IJR icon
10
iShares Core S&P Small-Cap ETF
IJR
$112B
$81.9M 1.97%
1,166,853
+7,331
+0.6% +$525K
SPTL icon
11
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$33.6M 0.81%
+718,968
New +$34.1M
IEUR icon
12
iShares Core MSCI Europe ETF
IEUR
$9.14B
$26.7M 0.64%
596,573
– –
STIP icon
13
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$10.7M 0.26%
102,546
– –
SPY icon
14
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$1.76M 0.04%
5,255
-1,244,938
-100% -$413M
AAPL icon
15
Apple
AAPL
$4.41T
– –
-39,680
Closed -$3.62M
ABBV icon
16
AbbVie
ABBV
$440B
– –
-34,130
Closed -$3.35M
ABT icon
17
Abbott
ABT
$192B
– –
-32,920
Closed -$3.01M
ADBE icon
18
Adobe
ADBE
$103B
– –
-8,460
Closed -$3.68M
ADM icon
19
Archer Daniels Midland
ADM
$38.4B
– –
-55,550
Closed -$2.22M
ADP icon
20
Automatic Data Processing
ADP
$107B
– –
-16,010
Closed -$2.38M
AEE icon
21
Ameren
AEE
$30.1B
– –
-12,980
Closed -$913K
AIG icon
22
American International
AIG
$39.8B
– –
-22,680
Closed -$707K
AIZ icon
23
Assurant
AIZ
$13.9B
– –
-9,290
Closed -$960K
AKAM icon
24
Akamai
AKAM
$17.6B
– –
-7,420
Closed -$795K
ALB icon
25
Albemarle
ALB
$15.1B
– –
-6,060
Closed -$468K
1
2 3 4 5

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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.