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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
DAL icon
501
Delta Air Lines
DAL
$60B
$1.13M 0.06%
31,080
+7,150
+30% +$304K
EXPD icon
502
Expeditors International
EXPD
$24.3B
$1.13M 0.06%
23,090
+11,890
+106% +$577K
MRSH
503
Marsh
MRSH
$90B
$1.13M 0.06%
16,450
+440
+3% +$28.2K
BDC icon
504
Belden
BDC
$5.36B
$1.13M 0.06%
18,620
+4,630
+33% +$289K
PLUS icon
505
ePlus
PLUS
$2.31B
$1.12M 0.06%
54,960
-120
-0.2% -$2.49K
EAT icon
506
Brinker International
EAT
$10.2B
$1.12M 0.06%
24,650
+5,610
+29% +$256K
TECD
507
DELISTED
Tech Data Corp
TECD
$1.12M 0.06%
15,560
+3,870
+33% +$281K
WLY icon
508
John Wiley & Sons Class A
WLY
$2.63B
$1.11M 0.06%
21,340
+5,140
+32% +$260K
CMP icon
509
Compass Minerals
CMP
$1.1B
$1.11M 0.06%
14,940
+3,700
+33% +$280K
LPX icon
510
Louisiana-Pacific
LPX
$5.18B
$1.1M 0.06%
63,630
+15,890
+33% +$280K
CCL icon
511
Carnival Corporation Ltd
CCL
$38.9B
$1.1M 0.06%
24,930
+6,430
+35% +$315K
PFG icon
512
Principal Financial Group
PFG
$24.6B
$1.1M 0.06%
26,750
+11,060
+70% +$467K
TRV icon
513
Travelers Companies
TRV
$77.2B
$1.1M 0.06%
9,230
-5,890
-39% -$666K
VMC icon
514
Vulcan Materials
VMC
$36B
$1.1M 0.06%
9,130
+3,030
+50% +$343K
MZTI
515
The Marzetti Company
MZTI
$3.22B
$1.1M 0.06%
8,600
+2,130
+33% +$253K
CTSH icon
516
Cognizant
CTSH
$26.7B
$1.09M 0.06%
19,130
+420
+2% +$25.4K
RRX icon
517
Regal Rexnord
RRX
$11.4B
$1.09M 0.06%
19,790
+4,910
+33% +$295K
X
518
DELISTED
US Steel
X
$1.09M 0.06%
64,810
+16,050
+33% +$270K
CTLT
519
DELISTED
CATALENT, INC.
CTLT
$1.09M 0.06%
47,460
+14,660
+45% +$387K
WOLF icon
520
Wolfspeed
WOLF
$1.64B
$1.09M 0.06%
44,440
+10,800
+32% +$263K
AFAM
521
DELISTED
Almost Family Inc
AFAM
$1.08M 0.06%
25,420
+19,170
+307% +$791K
HCA icon
522
HCA Healthcare
HCA
$89.1B
$1.08M 0.06%
14,040
+3,040
+28% +$240K
CCI icon
523
Crown Castle
CCI
$32.2B
$1.08M 0.06%
10,630
+380
+4% +$34.5K
LUV icon
524
Southwest Airlines
LUV
$22B
$1.08M 0.06%
27,490
+5,340
+24% +$229K
CIEN icon
525
Ciena
CIEN
$62.7B
$1.07M 0.06%
57,230
+14,160
+33% +$256K
19 20
21
22 23

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SFM
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AI
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SUT
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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.