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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
+5.45%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.85B
AUM Growth
+$356M
Cap. Flow
+$294M
Cap. Flow %
15.88%
Top 10 Hldgs %
6.88%
Holding
1,781
New
28
Increased
1,420
Reduced
173
Closed
96

Top Buys

Rank Stock Value
1
TEP
Tallgrass Energy Partners, LP
TEP
+$3.98M
2
BWP
Boardwalk Pipeline Partners
BWP
+$3.93M
3
RTX icon
RTX Corp
RTX
+$2.48M
4
HON icon
Honeywell
HON
+$2.48M
5
SBUX icon
Starbucks
SBUX
+$2.27M

Top Sells

Rank Stock Value
1
JAH
JARDEN CORPORATION
JAH
+$4.06M
2
AYI icon
Acuity Brands
AYI
+$3.3M
3
CNC icon
Centene
CNC
+$3.2M
4
LKQ icon
LKQ Corp
LKQ
+$3M
5
GPN icon
Global Payments
GPN
+$2.82M

Sector Composition

Rank Sector Weight
1 Financials 14.06%
2 Industrials 12.58%
3 Technology 12.24%
4 Healthcare 11.55%
5 Consumer Discretionary 9.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PACW
226
DELISTED
PacWest Bancorp
PACW
$2.02M 0.11%
50,700
+12,560
+33% +$492K
GM icon
227
General Motors
GM
$76.3B
$2.02M 0.11%
71,240
+21,070
+42% +$640K
RTN
228
DELISTED
Raytheon Company
RTN
$2M 0.11%
14,710
+2,670
+22% +$348K
NDSN icon
229
Nordson
NDSN
$17.2B
$1.98M 0.11%
23,720
+5,870
+33% +$473K
TCO
230
DELISTED
Taubman Centers Inc.
TCO
$1.98M 0.11%
26,730
+6,660
+33% +$469K
PX
231
DELISTED
Praxair Inc
PX
$1.98M 0.11%
17,600
+8,850
+101% +$1M
GNTX icon
232
Gentex
GNTX
$4.96B
$1.98M 0.11%
127,860
+31,510
+33% +$501K
STR
233
DELISTED
QUESTAR CORP
STR
$1.97M 0.11%
77,620
+19,290
+33% +$484K
PSX icon
234
Phillips 66
PSX
$91.2B
$1.96M 0.11%
24,730
+8,600
+53% +$702K
FAF icon
235
First American
FAF
$7.44B
$1.95M 0.11%
48,510
+12,140
+33% +$453K
BKNG icon
236
Booking.com
BKNG
$159B
$1.95M 0.11%
39,000
+1,000
+3% +$51.9K
GGG icon
237
Graco
GGG
$13.1B
$1.95M 0.11%
73,950
+18,840
+34% +$506K
JLL icon
238
Jones Lang LaSalle
JLL
$16.7B
$1.94M 0.1%
19,950
+4,930
+33% +$566K
TFC icon
239
Truist Financial
TFC
$64.6B
$1.93M 0.1%
54,310
+19,490
+56% +$681K
SVC
240
Service Properties Trust
SVC
$1.08B
$1.93M 0.1%
13,418
+3,318
+33% +$437K
FEIC
241
DELISTED
FEI COMPANY
FEIC
$1.93M 0.1%
18,070
+4,450
+33% +$425K
VVC
242
DELISTED
Vectren Corporation
VVC
$1.93M 0.1%
36,640
+9,050
+33% +$453K
BRO icon
243
Brown & Brown
BRO
$23.5B
$1.93M 0.1%
102,920
+26,140
+34% +$464K
CB icon
244
Chubb
CB
$133B
$1.93M 0.1%
14,656
-7,660
-34% -$944K
DHR icon
245
Danaher
DHR
$144B
$1.91M 0.1%
28,135
+818
+3% +$53.5K
PRU icon
246
Prudential Financial
PRU
$42.6B
$1.91M 0.1%
26,790
+9,120
+52% +$688K
PTC icon
247
PTC
PTC
$15.9B
$1.91M 0.1%
50,710
+12,520
+33% +$449K
TROW icon
248
T. Rowe Price
TROW
$23.5B
$1.91M 0.1%
26,120
+18,490
+242% +$1.38M
ABMD
249
DELISTED
Abiomed Inc
ABMD
$1.9M 0.1%
17,420
+9,100
+109% +$905K
BRCD
250
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$1.9M 0.1%
+206,600
New +$1.85M
8 9
10
11 12

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SFM
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AI
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HI
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PEA
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Municipal Employees' Retirement System of Michigan's Q2 2016 Portfolio in Review

As of Q2 2016, Municipal Employees' Retirement System of Michigan held 1,781 positions worth $1.85B, up 24% from $1.5B the previous quarter. Its ten largest holdings account for 6.9% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $294M of net new capital in Q2 2016, opening 28 new positions and adding to 1,420 existing holdings. Its largest new stake was Tallgrass Energy Partners, LP: 91,940 shares worth $4.23M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Acuity Brands, an estimated $3.3M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2016 buy was Tallgrass Energy Partners, LP: 91,940 shares worth $4.23M.
  • Municipal Employees' Retirement System of Michigan added most to RTX Corp in Q2 2016, an estimated $2.48M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2016 reduction was Acuity Brands, cutting an estimated $3.3M.
  • Municipal Employees' Retirement System of Michigan fully exited JARDEN CORPORATION in Q2 2016, selling an estimated $4.06M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 6.9% of its $1.85B portfolio in Q2 2016.
  • Municipal Employees' Retirement System of Michigan opened 28 new positions and closed 96 in Q2 2016.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 24% quarter-over-quarter to $1.85B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2016, filed 15 Aug 2016.