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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
CAB
526
DELISTED
Cabela's Inc
CAB
$1.07M 0.06%
21,440
+5,390
+34% +$268K
CVG
527
DELISTED
Convergys
CVG
$1.07M 0.06%
42,710
+10,500
+33% +$283K
VRE
528
DELISTED
Veris Residential
VRE
$1.07M 0.06%
39,650
+9,790
+33% +$251K
PNY
529
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
$1.07M 0.06%
17,710
+460
+3% +$27.6K
PBCT
530
DELISTED
People's United Financial Inc
PBCT
$1.07M 0.06%
72,900
+63,400
+667% +$984K
SAIC icon
531
Saic
SAIC
$5.35B
$1.06M 0.06%
18,200
+4,410
+32% +$240K
EMR icon
532
Emerson Electric
EMR
$91.6B
$1.06M 0.06%
20,340
+580
+3% +$30.8K
AKRX
533
DELISTED
Akorn Inc
AKRX
$1.05M 0.06%
37,020
+10,320
+39% +$286K
MDRX
534
DELISTED
Veradigm Inc. Common Stock
MDRX
$1.05M 0.06%
82,780
+19,630
+31% +$260K
VFC icon
535
VF Corp
VFC
$5.79B
$1.05M 0.06%
18,107
+7,030
+63% +$416K
LXK
536
DELISTED
Lexmark Intl Inc
LXK
$1.05M 0.06%
27,720
+7,080
+34% +$262K
GGP
537
DELISTED
GGP Inc.
GGP
$1.04M 0.06%
35,060
+17,090
+95% +$483K
FULT icon
538
Fulton Financial
FULT
$4.69B
$1.04M 0.06%
76,740
+18,860
+33% +$258K
UNFI icon
539
United Natural Foods
UNFI
$2.94B
$1.04M 0.06%
22,280
+5,510
+33% +$212K
CME icon
540
CME Group
CME
$96.1B
$1.04M 0.06%
10,690
-2,380
-18% -$225K
ACH
541
Accendra Health
ACH
$84.6M
$1.04M 0.06%
27,790
+6,870
+33% +$258K
YHOO
542
DELISTED
Yahoo Inc
YHOO
$1.04M 0.06%
27,650
-4,360
-14% -$161K
NVDA icon
543
NVIDIA
NVDA
$5.46T
$1.04M 0.06%
882,800
+250,000
+40% +$258K
CI icon
544
Cigna
CI
$73.5B
$1.03M 0.06%
8,090
+230
+3% +$30.4K
EME icon
545
Emcor
EME
$36.7B
$1.03M 0.06%
20,960
+350
+2% +$16.7K
FE icon
546
FirstEnergy
FE
$27.1B
$1.02M 0.06%
29,340
+9,140
+45% +$310K
VLO icon
547
Valero Energy
VLO
$98.7B
$1.02M 0.06%
20,020
+3,400
+20% +$192K
SANM icon
548
Sanmina
SANM
$11.1B
$1.02M 0.06%
38,080
-310
-0.8% -$7.76K
REGN icon
549
Regeneron Pharmaceuticals
REGN
$83B
$1.01M 0.05%
2,900
+510
+21% +$196K
PCG icon
550
PG&E
PCG
$38.5B
$1.01M 0.05%
15,650
-3,540
-18% -$212K
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 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.