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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
MO icon
26
Altria Group
MO
$107B
$6.9M 0.37%
99,200
+21,460
+28% +$1.37M
UNH icon
27
UnitedHealth
UNH
$364B
$6.88M 0.37%
48,690
+11,720
+32% +$1.56M
V icon
28
Visa
V
$671B
$6.73M 0.36%
90,720
+18,100
+25% +$1.42M
BAC icon
29
Bank of America
BAC
$453B
$6.73M 0.36%
506,900
+127,960
+34% +$1.8M
IBM icon
30
IBM
IBM
$222B
$6.67M 0.36%
45,930
+10,607
+30% +$1.52M
BMY icon
31
Bristol-Myers Squibb
BMY
$130B
$6.56M 0.35%
88,690
+22,080
+33% +$1.56M
MDT icon
32
Medtronic
MDT
$116B
$6.55M 0.35%
75,460
+18,580
+33% +$1.5M
ORCL icon
33
Oracle
ORCL
$442B
$6.45M 0.35%
157,670
+34,490
+28% +$1.38M
GOOG icon
34
Alphabet (Google) Class C
GOOG
$4.19T
$6.45M 0.35%
186,460
+4,000
+2% +$144K
C icon
35
Citigroup
C
$231B
$6.38M 0.34%
150,580
+40,930
+37% +$1.81M
SLB icon
36
SLB Ltd
SLB
$78.1B
$6.11M 0.33%
76,772
+25,082
+49% +$1.92M
WMT icon
37
Walmart Inc
WMT
$923B
$6.06M 0.33%
248,880
+59,190
+31% +$1.37M
AMGN icon
38
Amgen
AMGN
$225B
$5.9M 0.32%
38,800
+9,130
+31% +$1.42M
MMM icon
39
3M
MMM
$94.8B
$5.85M 0.32%
39,958
+9,460
+31% +$1.33M
ABBV icon
40
AbbVie
ABBV
$440B
$5.64M 0.3%
91,170
+25,040
+38% +$1.53M
MCD icon
41
McDonald's
MCD
$195B
$5.58M 0.3%
46,380
+8,870
+24% +$1.11M
NGL icon
42
NGL Energy Partners
NGL
$2.12B
$5.58M 0.3%
288,860
-15,380
-5% -$214K
GILD icon
43
Gilead Sciences
GILD
$168B
$5.57M 0.3%
66,720
+15,840
+31% +$1.41M
EPD icon
44
Enterprise Products Partners
EPD
$81.9B
$5.52M 0.3%
188,560
-70,160
-27% -$1.88M
CVS icon
45
CVS Health
CVS
$121B
$5.48M 0.3%
57,270
+13,980
+32% +$1.39M
HON icon
46
Honeywell
HON
$74.6B
$5.27M 0.28%
50,436
+24,094
+91% +$2.48M
AGN
47
DELISTED
Allergan plc
AGN
$5.13M 0.28%
22,221
+6,740
+44% +$1.55M
WPZ
48
DELISTED
Williams Partners L.P.
WPZ
$5.09M 0.27%
146,900
-25,950
-15% -$768K
MMP
49
DELISTED
Magellan Midstream Partners, L.P.
MMP
$5.05M 0.27%
66,480
-7,370
-10% -$523K
MPLX icon
50
MPLX
MPLX
$60.8B
$4.96M 0.27%
147,440
-20,810
-12% -$660K
1
2
3 4 5

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
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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.