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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
WPG
601
DELISTED
Washington Prime Group Inc.
WPG
$925K 0.05%
9,113
+2,252
+33% +$211K
NTCT icon
602
NETSCOUT
NTCT
$2.89B
$924K 0.05%
41,510
+8,650
+26% +$200K
PDCO
603
DELISTED
Patterson Companies, Inc.
PDCO
$924K 0.05%
19,300
+16,640
+626% +$767K
SLG icon
604
SL Green Realty
SLG
$4.08B
$923K 0.05%
8,894
+5,712
+180% +$562K
SLGN icon
605
Silgan Holdings
SLGN
$4.46B
$922K 0.05%
35,840
+8,880
+33% +$228K
JOY
606
DELISTED
Joy Global Inc
JOY
$919K 0.05%
43,430
+6,210
+17% +$117K
FSS icon
607
Federal Signal
FSS
$7.51B
$918K 0.05%
71,290
+11,370
+19% +$149K
MYE icon
608
Myers Industries
MYE
$1.25B
$917K 0.05%
63,120
+45,350
+255% +$629K
CATY icon
609
Cathay General Bancorp
CATY
$4.31B
$915K 0.05%
32,440
+7,760
+31% +$230K
VLY icon
610
Valley National Bancorp
VLY
$8.3B
$914K 0.05%
99,010
+24,480
+33% +$229K
HNI icon
611
HNI Corp
HNI
$3.56B
$913K 0.05%
19,640
+4,920
+33% +$216K
MOH icon
612
Molina Healthcare
MOH
$10.7B
$913K 0.05%
18,290
+4,620
+34% +$247K
WEN icon
613
Wendy's
WEN
$1.65B
$907K 0.05%
94,320
+21,360
+29% +$224K
PAY
614
DELISTED
Verifone Systems Inc
PAY
$904K 0.05%
48,770
+12,050
+33% +$305K
INTU icon
615
Intuit
INTU
$98B
$902K 0.05%
8,080
+190
+2% +$19.9K
JNS
616
DELISTED
Janus Capital Group Inc
JNS
$899K 0.05%
64,570
+15,600
+32% +$228K
HWC icon
617
Hancock Whitney
HWC
$6.37B
$896K 0.05%
34,310
+8,490
+33% +$216K
SPGI icon
618
S&P Global
SPGI
$125B
$896K 0.05%
+8,350
New +$896K
BBWI icon
619
Bath & Body Works
BBWI
$3.76B
$893K 0.05%
16,464
+4,218
+34% +$247K
NE
620
DELISTED
Noble Corporation
NE
$887K 0.05%
107,640
+26,590
+33% +$254K
CEB
621
DELISTED
CEB Inc.
CEB
$879K 0.05%
14,250
+3,360
+31% +$210K
SYNA icon
622
Synaptics
SYNA
$4.2B
$877K 0.05%
16,310
+4,090
+33% +$281K
APD icon
623
Air Products & Chemicals
APD
$68B
$876K 0.05%
6,627
-1,837
-22% -$245K
MTX icon
624
Minerals Technologies
MTX
$2.26B
$876K 0.05%
15,420
+3,800
+33% +$220K
PPG icon
625
PPG Industries
PPG
$25.5B
$875K 0.05%
8,400
+200
+2% +$21.8K
23 24
25
26 27

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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.