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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
ACIW icon
551
ACI Worldwide
ACIW
$5.42B
$1.01M 0.05%
51,610
+11,900
+30% +$242K
BSX icon
552
Boston Scientific
BSX
$74.9B
$1.01M 0.05%
43,110
+1,400
+3% +$30.3K
CQP icon
553
Cheniere Energy
CQP
$32.6B
$1.01M 0.05%
+33,585
New +$980K
POWL icon
554
Powell Industries
POWL
$7.43B
$1M 0.05%
76,440
+11,850
+18% +$133K
BRSS
555
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$1M 0.05%
36,690
– –
FCS
556
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
$997K 0.05%
50,250
+12,920
+35% +$257K
WBMD
557
DELISTED
WebMD Health Corp.
WBMD
$995K 0.05%
+17,120
New +$1.07M
VRSN icon
558
VeriSign
VRSN
$26B
$993K 0.05%
11,490
+3,290
+40% +$284K
ECL icon
559
Ecolab
ECL
$77.4B
$991K 0.05%
8,330
+150
+2% +$17.5K
CABO icon
560
Cable One
CABO
$206M
$987K 0.05%
1,930
+470
+32% +$225K
RAX
561
DELISTED
Rackspace Hosting Inc
RAX
$987K 0.05%
47,310
+10,200
+27% +$238K
BIG
562
DELISTED
Big Lots, Inc.
BIG
$984K 0.05%
19,630
+3,110
+19% +$147K
TEX icon
563
Terex
TEX
$7.57B
$982K 0.05%
48,330
+12,130
+34% +$277K
MHK icon
564
Mohawk Industries
MHK
$9.42B
$981K 0.05%
5,170
+3,220
+165% +$627K
INVX
565
Innovex International
INVX
$2.15B
$981K 0.05%
16,790
+4,140
+33% +$250K
UFS
566
DELISTED
DOMTAR CORPORATION (New)
UFS
$981K 0.05%
27,700
+6,810
+33% +$262K
DOV icon
567
Dover
DOV
$27.8B
$980K 0.05%
17,493
+11,600
+197% +$625K
LUMN icon
568
Lumen
LUMN
$6.6B
$980K 0.05%
33,780
+9,800
+41% +$285K
RDC
569
DELISTED
Rowan Companies Plc
RDC
$980K 0.05%
55,520
+13,920
+33% +$241K
WAFD icon
570
WaFd
WAFD
$2.81B
$976K 0.05%
40,250
+9,730
+32% +$234K
CCP
571
DELISTED
Care Capital Properties, Inc.
CCP
$974K 0.05%
37,150
+9,230
+33% +$242K
TSN icon
572
Tyson Foods
TSN
$19.8B
$973K 0.05%
14,560
+2,370
+19% +$154K
ACET
573
DELISTED
Aceto Corp
ACET
$972K 0.05%
44,410
+34,780
+361% +$780K
JBHT icon
574
JB Hunt Transport Services
JBHT
$26.5B
$968K 0.05%
11,950
+9,220
+338% +$761K
CMI icon
575
Cummins
CMI
$87B
$967K 0.05%
8,600
+1,470
+21% +$167K
21 22
23
24 25

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SFM
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AI
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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.