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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
TDY icon
351
Teledyne Technologies
TDY
$31.2B
$1.51M 0.08%
15,250
+3,770
+33% +$357K
STZ icon
352
Constellation Brands
STZ
$23.3B
$1.51M 0.08%
9,110
+3,710
+69% +$581K
ETN icon
353
Eaton
ETN
$176B
$1.5M 0.08%
25,150
+4,550
+22% +$279K
COF icon
354
Capital One
COF
$137B
$1.5M 0.08%
23,630
+4,560
+24% +$317K
MSM icon
355
MSC Industrial Direct
MSM
$6.75B
$1.5M 0.08%
21,270
+5,200
+32% +$386K
FMER
356
DELISTED
FIRSTMERIT CORP
FMER
$1.5M 0.08%
73,740
+18,490
+33% +$401K
MKC icon
357
McCormick & Company Non-Voting
MKC
$14.7B
$1.49M 0.08%
28,020
+20,940
+296% +$1.02M
PSXP
358
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
$1.49M 0.08%
+26,740
New +$1.5M
WKC icon
359
World Kinect Corp
WKC
$1.9B
$1.49M 0.08%
31,350
+7,750
+33% +$361K
GWR
360
DELISTED
Genesee & Wyoming Inc.
GWR
$1.49M 0.08%
25,300
+6,320
+33% +$387K
SGI
361
Somnigroup International
SGI
$14B
$1.49M 0.08%
107,680
+24,480
+29% +$361K
KEX icon
362
Kirby Corp
KEX
$7.26B
$1.49M 0.08%
23,820
+5,890
+33% +$386K
PB icon
363
Prosperity Bancshares
PB
$8.96B
$1.49M 0.08%
28,960
+7,070
+32% +$356K
CAH icon
364
Cardinal Health
CAH
$53.6B
$1.48M 0.08%
18,920
+8,810
+87% +$702K
AGCO icon
365
AGCO
AGCO
$6.98B
$1.48M 0.08%
31,390
+7,760
+33% +$398K
NJR icon
366
New Jersey Resources
NJR
$5.63B
$1.48M 0.08%
38,080
+9,430
+33% +$340K
PRXL
367
DELISTED
Parexel International Corp
PRXL
$1.47M 0.08%
23,420
+5,530
+31% +$342K
CY
368
DELISTED
Cypress Semiconductor
CY
$1.47M 0.08%
138,030
+33,170
+32% +$316K
AMD icon
369
Advanced Micro Devices
AMD
$794B
$1.46M 0.08%
284,490
+70,320
+33% +$273K
PPS
370
DELISTED
Post Properties
PPS
$1.46M 0.08%
23,670
+5,790
+32% +$342K
HELE icon
371
Helen of Troy
HELE
$695M
$1.45M 0.08%
14,130
+6,890
+95% +$695K
EOG icon
372
EOG Resources
EOG
$74.3B
$1.45M 0.08%
17,370
+450
+3% +$36K
FR icon
373
First Industrial Realty Trust
FR
$8.39B
$1.45M 0.08%
+51,710
New +$1.27M
GME icon
374
GameStop
GME
$8.37B
$1.45M 0.08%
217,840
+197,600
+976% +$1.45M
ORLY icon
375
O'Reilly Automotive
ORLY
$75B
$1.45M 0.08%
80,100
+35,250
+79% +$623K
13 14
15
16 17

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SFM
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AI
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HI
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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.