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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
TDS icon
451
Telephone and Data Systems
TDS
$4.03B
$1.24M 0.07%
41,900
+10,390
+33% +$299K
JACK icon
452
Jack in the Box
JACK
$358M
$1.24M 0.07%
14,450
+2,890
+25% +$218K
LH icon
453
Labcorp
LH
$26.2B
$1.24M 0.07%
11,081
+7,449
+205% +$802K
TRN icon
454
Trinity Industries
TRN
$2.34B
$1.24M 0.07%
92,730
+21,960
+31% +$290K
NFLX icon
455
Netflix
NFLX
$326B
$1.24M 0.07%
135,200
+3,700
+3% +$35.5K
FITB
456
Fifth Third Bancorp
FITB
$52.5B
$1.24M 0.07%
69,680
+45,610
+189% +$818K
SPN
457
DELISTED
Superior Energy Services, Inc.
SPN
$1.23M 0.07%
6,701
+1,655
+33% +$270K
HAL icon
458
Halliburton
HAL
$27.4B
$1.23M 0.07%
27,200
+770
+3% +$31.7K
EL icon
459
Estee Lauder
EL
$31.6B
$1.23M 0.07%
13,480
+6,650
+97% +$621K
NATI
460
DELISTED
National Instruments Corp
NATI
$1.22M 0.07%
44,630
+10,970
+33% +$306K
UE icon
461
Urban Edge Properties
UE
$2.78B
$1.22M 0.07%
40,900
+10,120
+33% +$271K
ROL icon
462
Rollins
ROL
$17.4B
$1.22M 0.07%
93,690
+23,062
+33% +$283K
MUSA icon
463
Murphy USA
MUSA
$10.4B
$1.22M 0.07%
16,430
+3,380
+26% +$220K
SNX icon
464
TD Synnex
SNX
$20.4B
$1.22M 0.07%
25,640
+6,340
+33% +$278K
THC icon
465
Tenet Healthcare
THC
$21.5B
$1.22M 0.07%
43,960
+39,370
+858% +$1.16M
KMI icon
466
Kinder Morgan
KMI
$71.4B
$1.21M 0.07%
64,570
+8,300
+15% +$148K
CAA
467
DELISTED
CalAtlantic Group, Inc.
CAA
$1.21M 0.07%
32,940
+7,480
+29% +$263K
CLH icon
468
Clean Harbors
CLH
$16.9B
$1.21M 0.07%
23,180
+5,710
+33% +$286K
JCP
469
DELISTED
J.C. Penney Company, Inc.
JCP
$1.21M 0.07%
136,070
+34,040
+33% +$299K
SHW icon
470
Sherwin-Williams
SHW
$87.8B
$1.21M 0.07%
12,330
+5,100
+71% +$497K
FHI icon
471
Federated Hermes
FHI
$4.74B
$1.21M 0.07%
41,890
+10,380
+33% +$317K
ROCK icon
472
Gibraltar Industries
ROCK
$1.45B
$1.2M 0.07%
38,120
+27,750
+268% +$799K
RDNT icon
473
RadNet
RDNT
$6.08B
$1.2M 0.06%
225,290
+170,000
+307% +$879K
XRAY icon
474
Dentsply Sirona
XRAY
$2.31B
$1.2M 0.06%
19,370
+12,120
+167% +$746K
LHO
475
DELISTED
LaSalle Hotel Properties
LHO
$1.2M 0.06%
50,050
+12,410
+33% +$293K
17 18
19
20 21

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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.