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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
MDRX
526
DELISTED
Veradigm Inc. Common Stock
MDRX
$834K 0.06%
63,150
+2,700
+4% +$35.4K
CAH icon
527
Cardinal Health
CAH
$53.8B
$832K 0.06%
10,110
+240
+2% +$19.5K
LNCE
528
DELISTED
Snyders-Lance, Inc.
LNCE
$830K 0.06%
26,360
+15,780
+149% +$505K
WEC icon
529
WEC Energy
WEC
$35.9B
$827K 0.06%
13,773
+130
+1% +$7.28K
ACIW icon
530
ACI Worldwide
ACIW
$5.42B
$826K 0.06%
39,710
+1,990
+5% +$37.5K
HTLF
531
DELISTED
Heartland Financial USA, Inc.
HTLF
$824K 0.06%
26,770
– –
INTU icon
532
Intuit
INTU
$98B
$821K 0.05%
7,890
-470
-6% -$45.4K
TOWN icon
533
Towne Bank
TOWN
$3.5B
$820K 0.05%
42,490
– –
IMH
534
DELISTED
Impac Mortgage Holdings Inc.
IMH
$820K 0.05%
59,100
+28,850
+95% +$409K
CIEN icon
535
Ciena
CIEN
$62.7B
$819K 0.05%
43,070
+2,530
+6% +$46.7K
ORLY icon
536
O'Reilly Automotive
ORLY
$74.9B
$818K 0.05%
44,850
-150
-0.3% -$2.56K
LPX icon
537
Louisiana-Pacific
LPX
$5.18B
$817K 0.05%
47,740
+2,080
+5% +$32.9K
STZ icon
538
Constellation Brands
STZ
$23.3B
$816K 0.05%
5,400
+200
+4% +$28.9K
AFL icon
539
Aflac
AFL
$60.7B
$815K 0.05%
25,820
-160
-0.6% -$4.75K
TSN icon
540
Tyson Foods
TSN
$19.8B
$813K 0.05%
12,190
-150
-1% -$9.02K
ABM icon
541
ABM Industries
ABM
$2.82B
$808K 0.05%
25,020
+13,660
+120% +$412K
AVB icon
542
AvalonBay Communities
AVB
$26.3B
$808K 0.05%
4,220
+220
+6% +$38.8K
MHFI
543
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
$807K 0.05%
8,150
-60
-0.7% -$5.38K
SRDX
544
DELISTED
Surmodics
SRDX
$803K 0.05%
43,610
+2,410
+6% +$45.4K
MUSA icon
545
Murphy USA
MUSA
$10.4B
$802K 0.05%
13,050
+160
+1% +$9.85K
RAX
546
DELISTED
Rackspace Hosting Inc
RAX
$801K 0.05%
37,110
+450
+1% +$9.18K
CAKE icon
547
Cheesecake Factory
CAKE
$5.57B
$798K 0.05%
15,040
+570
+4% +$28.2K
EBAY icon
548
eBay
EBAY
$46.5B
$797K 0.05%
33,390
-400
-1% -$9.73K
CMP icon
549
Compass Minerals
CMP
$1.1B
$796K 0.05%
11,240
+460
+4% +$32.9K
UE icon
550
Urban Edge Properties
UE
$2.78B
$795K 0.05%
30,780
+1,120
+4% +$27K
20 21
22
23 24

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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 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.