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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
WM icon
626
Waste Management
WM
$89.6B
$864K 0.05%
13,040
-9,150
-41% -$553K
WU icon
627
Western Union
WU
$2.34B
$864K 0.05%
45,020
+29,580
+192% +$574K
MDP
628
DELISTED
Meredith Corporation
MDP
$864K 0.05%
16,650
+4,080
+32% +$202K
DNOW icon
629
DNOW Inc
DNOW
$2.95B
$863K 0.05%
47,550
+11,780
+33% +$207K
SBSI icon
630
Southside Bancshares
SBSI
$984M
$863K 0.05%
28,614
+19,218
+205% +$524K
HALL
631
DELISTED
Hallmark Financial Services, Inc.
HALL
$861K 0.05%
7,428
– –
APC
632
DELISTED
Anadarko Petroleum
APC
$859K 0.05%
16,140
+500
+3% +$25.3K
WELL icon
633
Welltower
WELL
$169B
$858K 0.05%
11,260
+350
+3% +$24.9K
CADE
634
DELISTED
Cadence Bank
CADE
$857K 0.05%
37,620
+9,340
+33% +$211K
CMC icon
635
Commercial Metals
CMC
$7.98B
$857K 0.05%
50,710
+11,950
+31% +$206K
MCY icon
636
Mercury Insurance
MCY
$5.81B
$857K 0.05%
16,130
+4,000
+33% +$210K
IDCC icon
637
InterDigital
IDCC
$8.88B
$852K 0.05%
15,300
+3,640
+31% +$206K
NX icon
638
Quanex
NX
$981M
$851K 0.05%
45,760
+30,510
+200% +$570K
EQIX icon
639
Equinix
EQIX
$106B
$848K 0.05%
2,186
+80
+4% +$27.9K
BBT
640
Beacon Financial Corp
BBT
$2.71B
$847K 0.05%
31,450
+24,700
+366% +$664K
HUM icon
641
Humana
HUM
$46.2B
$847K 0.05%
4,700
-250
-5% -$44.4K
TA
642
DELISTED
TravelCenters of America LLC
TA
$847K 0.05%
20,760
– –
VATE icon
643
INNOVATE Corp
VATE
$102M
$843K 0.05%
19,606
+16,000
+444% +$646K
WOR icon
644
Worthington Enterprises
WOR
$2.85B
$842K 0.05%
32,294
+7,672
+31% +$177K
DG icon
645
Dollar General
DG
$26.9B
$841K 0.05%
8,950
-3,680
-29% -$317K
HBP
646
DELISTED
Huttig Building Products, Inc.
HBP
$841K 0.05%
160,220
+159,700
+30,712% +$755K
IRM icon
647
Iron Mountain
IRM
$37.7B
$840K 0.05%
21,090
+15,200
+258% +$553K
BGS icon
648
B&G Foods
BGS
$299M
$839K 0.05%
17,240
+520
+3% +$21.2K
KBR icon
649
KBR
KBR
$4.81B
$839K 0.05%
63,020
+15,610
+33% +$225K
MPC icon
650
Marathon Petroleum
MPC
$100B
$839K 0.05%
22,120
+4,160
+23% +$153K
24 25
26
27 28

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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.