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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
+2.55%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.5B
AUM Growth
+$146M
Cap. Flow
+$113M
Cap. Flow %
7.53%
Top 10 Hldgs %
7.32%
Holding
1,783
New
122
Increased
1,251
Reduced
317
Closed
31

Top Buys

Rank Stock Value
1
EPD icon
Enterprise Products Partners
EPD
+$6.02M
2
MMP
Magellan Midstream Partners, L.P.
MMP
+$4.83M
3
PAA icon
Plains All American Pipeline
PAA
+$4.61M
4
MPLX icon
MPLX
MPLX
+$4.57M
5
BPL
Buckeye Partners, L.P.
BPL
+$4.55M

Top Sells

Rank Stock Value
1
CHD icon
Church & Dwight Co
CHD
+$3.31M
2
AFFX
Affymetrix Inc
AFFX
+$3.09M
3
EXR icon
Extra Space Storage
EXR
+$3.09M
4
FRT icon
Federal Realty Investment Trust
FRT
+$2.99M
5
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
+$2.85M

Sector Composition

Rank Sector Weight
1 Financials 14.04%
2 Industrials 13.55%
3 Technology 12.58%
4 Healthcare 11.22%
5 Consumer Discretionary 10.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
26
Visa
V
$671B
$5.55M 0.37%
72,620
+110
+0.2% +$7.99K
DIS icon
27
Walt Disney
DIS
$178B
$5.51M 0.37%
55,450
-690
-1% -$66.6K
CSCO icon
28
Cisco
CSCO
$488B
$5.49M 0.37%
192,670
+1,450
+0.8% +$37.3K
BAC icon
29
Bank of America
BAC
$453B
$5.12M 0.34%
378,940
+1,780
+0.5% +$24K
IBM icon
30
IBM
IBM
$222B
$5.12M 0.34%
35,323
-11
-0% -$1.41K
MMP
31
DELISTED
Magellan Midstream Partners, L.P.
MMP
$5.08M 0.34%
+73,850
New +$4.83M
BPL
32
DELISTED
Buckeye Partners, L.P.
BPL
$5.06M 0.34%
+74,540
New +$4.55M
ORCL icon
33
Oracle
ORCL
$442B
$5.04M 0.34%
123,180
-1,170
-0.9% -$43.3K
MPLX icon
34
MPLX
MPLX
$60.8B
$5M 0.33%
+168,250
New +$4.57M
ETP
35
DELISTED
Energy Transfer Partners L.p.
ETP
$4.96M 0.33%
+153,450
New +$4.28M
MO icon
36
Altria Group
MO
$107B
$4.91M 0.33%
77,740
+970
+1% +$58.7K
UNH icon
37
UnitedHealth
UNH
$364B
$4.76M 0.32%
36,970
+450
+1% +$53.2K
MCD icon
38
McDonald's
MCD
$195B
$4.71M 0.31%
37,510
-700
-2% -$83.7K
GILD icon
39
Gilead Sciences
GILD
$168B
$4.67M 0.31%
50,880
-2,340
-4% -$211K
PAA icon
40
Plains All American Pipeline
PAA
$16.4B
$4.59M 0.31%
+218,940
New +$4.61M
C icon
41
Citigroup
C
$231B
$4.58M 0.31%
109,650
-130
-0.1% -$5.43K
CVS icon
42
CVS Health
CVS
$121B
$4.49M 0.3%
43,290
+150
+0.3% +$14.6K
AMGN icon
43
Amgen
AMGN
$225B
$4.45M 0.3%
29,670
+240
+0.8% +$35.7K
WMT icon
44
Walmart Inc
WMT
$923B
$4.36M 0.29%
189,690
+2,010
+1% +$44.1K
MDT icon
45
Medtronic
MDT
$116B
$4.29M 0.29%
56,880
+580
+1% +$43.7K
BMY icon
46
Bristol-Myers Squibb
BMY
$130B
$4.28M 0.29%
66,610
+1,000
+2% +$63.1K
MMM icon
47
3M
MMM
$94.8B
$4.25M 0.28%
30,498
-299
-1% -$38.4K
OKS
48
DELISTED
Oneok Partners LP
OKS
$4.19M 0.28%
+133,310
New +$3.76M
AGN
49
DELISTED
Allergan plc
AGN
$4.15M 0.28%
15,481
+280
+2% +$80.2K
JAH
50
DELISTED
JARDEN CORPORATION
JAH
$4.06M 0.27%
68,900
+5,390
+8% +$288K
1
2
3 4 5

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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 Q1 2016 Portfolio in Review

As of Q1 2016, Municipal Employees' Retirement System of Michigan held 1,783 positions worth $1.5B, up 11% from $1.35B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $113M of net new capital in Q1 2016, opening 122 new positions and adding to 1,251 existing holdings. Its largest new stake was Enterprise Products Partners: 258,720 shares worth $6.37M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 16% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Church & Dwight Co, an estimated $3.31M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2016 buy was Enterprise Products Partners: 258,720 shares worth $6.37M.
  • Municipal Employees' Retirement System of Michigan added most to Centene in Q1 2016, an estimated $1.09M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2016 reduction was Church & Dwight Co, cutting an estimated $3.31M.
  • Municipal Employees' Retirement System of Michigan fully exited TOWERS WATSON & CO COM STK CL A (DE) in Q1 2016, selling an estimated $2.85M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.3% of its $1.5B portfolio in Q1 2016.
  • Municipal Employees' Retirement System of Michigan opened 122 new positions and closed 31 in Q1 2016.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 11% quarter-over-quarter to $1.5B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2016, filed 3 May 2016.