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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
VLGEA icon
401
Village Super Market
VLGEA
$638M
$1.38M 0.07%
47,750
+27,500
+136% +$720K
WBS icon
402
Webster Financial
WBS
$12.8B
$1.38M 0.07%
40,570
+10,100
+33% +$368K
LDOS icon
403
Leidos
LDOS
$17.9B
$1.37M 0.07%
28,620
+7,220
+34% +$357K
PBH icon
404
Prestige Consumer Healthcare
PBH
$2.43B
$1.36M 0.07%
24,590
+12,150
+98% +$669K
VMI icon
405
Valmont Industries
VMI
$9.5B
$1.36M 0.07%
10,030
+2,440
+32% +$323K
BLK icon
406
Blackrock
BLK
$183B
$1.36M 0.07%
3,970
+100
+3% +$35.1K
OZK icon
407
Bank OZK
OZK
$5.7B
$1.36M 0.07%
36,160
+8,950
+33% +$353K
EDR
408
DELISTED
Education Realty Trust Inc
EDR
$1.35M 0.07%
29,260
+15,760
+117% +$661K
YUM icon
409
Yum! Brands
YUM
$41.2B
$1.34M 0.07%
22,548
+5,119
+29% +$302K
GIS icon
410
General Mills
GIS
$20.8B
$1.34M 0.07%
18,760
+530
+3% +$33.7K
ES icon
411
Eversource Energy
ES
$27.2B
$1.33M 0.07%
22,230
+7,260
+48% +$411K
AOI
412
DELISTED
Alliance One International
AOI
$1.33M 0.07%
86,380
+29,000
+51% +$599K
ADP icon
413
Automatic Data Processing
ADP
$110B
$1.33M 0.07%
14,380
+320
+2% +$28.3K
MTB icon
414
M&T Bank
MTB
$36.6B
$1.33M 0.07%
11,240
+6,360
+130% +$738K
UVE icon
415
Universal Insurance Holdings
UVE
$1.18B
$1.33M 0.07%
70,890
+7,940
+13% +$144K
CNXN icon
416
PC Connection
CNXN
$2.04B
$1.32M 0.07%
55,690
-7,300
-12% -$174K
BIO icon
417
Bio-Rad Laboratories Class A
BIO
$9.66B
$1.32M 0.07%
9,230
+2,290
+33% +$327K
AVNT icon
418
Avient
AVNT
$4.23B
$1.31M 0.07%
37,200
+8,760
+31% +$309K
STT icon
419
State Street
STT
$52.2B
$1.31M 0.07%
24,200
+11,910
+97% +$712K
NTRS icon
420
Northern Trust
NTRS
$34.8B
$1.31M 0.07%
19,700
+13,090
+198% +$911K
BOH icon
421
Bank of Hawaii
BOH
$3.15B
$1.31M 0.07%
19,060
+4,700
+33% +$323K
EMCI
422
DELISTED
EMC INS Group Inc
EMCI
$1.31M 0.07%
47,290
– –
THO icon
423
Thor Industries
THO
$4.11B
$1.31M 0.07%
20,220
+5,010
+33% +$320K
CLC
424
DELISTED
Clarcor
CLC
$1.3M 0.07%
21,460
+5,220
+32% +$306K
CMS icon
425
CMS Energy
CMS
$22.1B
$1.3M 0.07%
28,340
+12,830
+83% +$539K
15 16
17
18 19

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SFM
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AI
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PEA
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SUT
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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.