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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
STT icon
601
State Street
STT
$52.2B
$723K 0.05%
12,290
-20
-0.2% -$1.14K
ROST icon
602
Ross Stores
ROST
$78.6B
$720K 0.05%
12,440
-90
-0.7% -$5K
HNH
603
DELISTED
Handy & Harman Holdings Ltd.
HNH
$720K 0.05%
26,330
– –
VLY icon
604
Valley National Bancorp
VLY
$8.3B
$719K 0.05%
74,530
+3,010
+4% +$27.3K
CA
605
DELISTED
CA, Inc.
CA
$719K 0.05%
23,360
-290
-1% -$8.33K
HZO icon
606
MarineMax
HZO
$1.15B
$717K 0.05%
36,840
-1,970
-5% -$33.8K
SLGN icon
607
Silgan Holdings
SLGN
$4.46B
$717K 0.05%
26,960
+1,040
+4% +$27K
SUP
608
DELISTED
Superior Industries International
SUP
$717K 0.05%
32,170
+1,520
+5% +$29.8K
JNS
609
DELISTED
Janus Capital Group Inc
JNS
$716K 0.05%
48,970
+1,520
+3% +$19.8K
MZTI
610
The Marzetti Company
MZTI
$3.22B
$715K 0.05%
6,470
+260
+4% +$27.9K
DE icon
611
Deere & Co
DE
$165B
$713K 0.05%
9,190
-210
-2% -$16.4K
PRI icon
612
Primerica
PRI
$9.62B
$713K 0.05%
16,020
+150
+0.9% +$6.48K
UAL icon
613
United Airlines
UAL
$41B
$709K 0.05%
11,850
-330
-3% -$17.5K
ANF icon
614
Abercrombie & Fitch
ANF
$4.84B
$706K 0.05%
22,400
+140
+0.6% +$3.93K
DAN icon
615
Dana Inc
DAN
$3.26B
$705K 0.05%
49,790
-1,510
-3% -$18.9K
DAR icon
616
Darling Ingredients
DAR
$10.4B
$705K 0.05%
53,530
+19,890
+59% +$200K
NUE icon
617
Nucor
NUE
$61.8B
$705K 0.05%
14,800
+130
+0.9% +$5.29K
VSAT icon
618
Viasat
VSAT
$11.4B
$705K 0.05%
9,590
+600
+7% +$39.9K
CEB
619
DELISTED
CEB Inc.
CEB
$705K 0.05%
10,890
+150
+1% +$8.59K
FISV
620
Fiserv Inc
FISV
$29.5B
$704K 0.05%
13,720
-460
-3% -$21.8K
TA
621
DELISTED
TravelCenters of America LLC
TA
$703K 0.05%
+20,760
New +$803K
TEL icon
622
TE Connectivity
TEL
$62.2B
$702K 0.05%
11,340
-810
-7% -$47K
VRE
623
DELISTED
Veris Residential
VRE
$702K 0.05%
29,860
+1,290
+5% +$26.8K
BAX icon
624
Baxter International
BAX
$14B
$699K 0.05%
16,960
+440
+3% +$16.8K
CATY icon
625
Cathay General Bancorp
CATY
$4.31B
$699K 0.05%
24,680
+70
+0.3% +$1.94K
23 24
25
26 27

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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.