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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
BIIB icon
301
Biogen
BIIB
$31B
$1.67M 0.09%
6,910
+30
+0.4% +$7.91K
CW icon
302
Curtiss-Wright
CW
$25.6B
$1.66M 0.09%
19,720
+4,880
+33% +$393K
EXP icon
303
Eagle Materials
EXP
$6.42B
$1.65M 0.09%
21,360
+4,930
+30% +$372K
PLD icon
304
Prologis
PLD
$134B
$1.65M 0.09%
33,630
+9,290
+38% +$437K
LECO icon
305
Lincoln Electric
LECO
$15.4B
$1.65M 0.09%
27,700
+6,260
+29% +$377K
ENSG icon
306
The Ensign Group
ENSG
$10.7B
$1.64M 0.09%
83,425
-22,577
-21% -$451K
AMCX icon
307
AMC Global Media
AMCX
$497M
$1.64M 0.09%
27,080
+6,780
+33% +$431K
MSCC
308
DELISTED
Microsemi Corp
MSCC
$1.64M 0.09%
50,050
+12,590
+34% +$431K
CNX icon
309
CNX Resources
CNX
$5.21B
$1.63M 0.09%
121,812
+30,204
+33% +$353K
WEC icon
310
WEC Energy
WEC
$35.9B
$1.63M 0.09%
24,933
+11,160
+81% +$671K
HR
311
DELISTED
Healthcare Realty Trust Incorporated
HR
$1.62M 0.09%
46,400
+12,320
+36% +$391K
CGNX icon
312
Cognex
CGNX
$10.5B
$1.62M 0.09%
75,300
+18,700
+33% +$377K
ARRS
313
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$1.62M 0.09%
77,360
+17,500
+29% +$397K
SNV
314
DELISTED
Synovus
SNV
$1.62M 0.09%
55,550
+13,440
+32% +$408K
THG icon
315
Hanover Insurance
THG
$7.74B
$1.61M 0.09%
19,030
+4,760
+33% +$410K
DST
316
DELISTED
DST Systems Inc.
DST
$1.61M 0.09%
27,600
+6,500
+31% +$381K
XL
317
DELISTED
XL Group Ltd.
XL
$1.6M 0.09%
48,190
+25,210
+110% +$860K
WSO icon
318
Watsco Inc
WSO
$12.9B
$1.6M 0.09%
11,400
+2,820
+33% +$378K
KR icon
319
Kroger
KR
$35B
$1.6M 0.09%
43,520
+7,320
+20% +$263K
CRM icon
320
Salesforce
CRM
$165B
$1.59M 0.09%
20,090
+730
+4% +$57.3K
SO icon
321
Southern Company
SO
$107B
$1.59M 0.09%
29,720
+1,630
+6% +$82K
MMS icon
322
Maximus
MMS
$2.9B
$1.59M 0.09%
28,730
+7,100
+33% +$383K
CA
323
DELISTED
CA, Inc.
CA
$1.58M 0.09%
48,280
+24,920
+107% +$780K
UNIT
324
Uniti Group
UNIT
$2.36B
$1.58M 0.09%
53,680
+13,550
+34% +$336K
EXC icon
325
Exelon
EXC
$46.8B
$1.57M 0.09%
60,707
+10,978
+22% +$272K
11 12
13
14 15

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VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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 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.