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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
SCHW
576
Charles Schwab
SCHW
$190B
$965K 0.05%
38,110
+1,050
+3% +$29.8K
HPE icon
577
Hewlett Packard
HPE
$79.2B
$964K 0.05%
90,467
-464
-0.5% -$4.72K
NDAQ icon
578
Nasdaq
NDAQ
$54.6B
$964K 0.05%
44,730
+11,700
+35% +$250K
ICE icon
579
Intercontinental Exchange
ICE
$87.2B
$960K 0.05%
18,750
+500
+3% +$25.2K
HAS icon
580
Hasbro
HAS
$13.6B
$959K 0.05%
11,420
+6,390
+127% +$541K
LVLT
581
DELISTED
Level 3 Communications Inc
LVLT
$959K 0.05%
18,620
+5,650
+44% +$296K
TCF
582
DELISTED
TCF Financial Corporation
TCF
$958K 0.05%
75,730
+18,870
+33% +$250K
LRCX icon
583
Lam Research
LRCX
$422B
$953K 0.05%
113,300
+45,700
+68% +$367K
CAKE icon
584
Cheesecake Factory
CAKE
$5.57B
$951K 0.05%
19,750
+4,710
+31% +$238K
TNL icon
585
Travel + Leisure Co
TNL
$4.58B
$950K 0.05%
29,570
+15,128
+105% +$484K
LIVN icon
586
LivaNova
LIVN
$4.53B
$949K 0.05%
18,900
+4,730
+33% +$239K
SPTN
587
DELISTED
SpartanNash
SPTN
$949K 0.05%
31,050
+230
+0.7% +$6.53K
MENT
588
DELISTED
Mentor Graphics Corp
MENT
$946K 0.05%
44,500
+11,210
+34% +$233K
HTLF
589
DELISTED
Heartland Financial USA, Inc.
HTLF
$945K 0.05%
26,770
– –
NUE icon
590
Nucor
NUE
$61.8B
$944K 0.05%
18,960
+4,160
+28% +$203K
TFCFA
591
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$937K 0.05%
34,650
-6,510
-16% -$190K
TKR icon
592
Timken Company
TKR
$9.1B
$934K 0.05%
30,470
+7,250
+31% +$243K
HAFC icon
593
Hanmi Financial
HAFC
$963M
$933K 0.05%
39,760
+19,310
+94% +$443K
RF icon
594
Regions Financial
RF
$27B
$929K 0.05%
108,310
+41,000
+61% +$371K
AMAG
595
DELISTED
AMAG Pharmaceuticals
AMAG
$929K 0.05%
38,800
+530
+1% +$12.2K
GEO icon
596
The GEO Group
GEO
$4B
$928K 0.05%
40,740
+705
+2% +$15.6K
ABM icon
597
ABM Industries
ABM
$2.82B
$926K 0.05%
25,380
+360
+1% +$12.1K
SF
598
Stifel
SF
$12.9B
$926K 0.05%
66,217
+14,085
+27% +$209K
GHC icon
599
Graham Holdings Company
GHC
$4.97B
$925K 0.05%
1,890
+460
+32% +$224K
TOWN icon
600
Towne Bank
TOWN
$3.5B
$925K 0.05%
42,490
– –
22 23
24
25 26

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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
PEA
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SUT
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MU
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WPL
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PVI
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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.