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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
SLAB icon
651
Silicon Laboratories
SLAB
$7.28B
$837K 0.05%
17,170
+4,290
+33% +$202K
RNST icon
652
Renasant Corp
RNST
$4B
$835K 0.05%
25,840
+22,600
+698% +$752K
MGLN
653
DELISTED
Magellan Health Services, Inc.
MGLN
$834K 0.05%
12,680
+100
+0.8% +$6.73K
ALL icon
654
Allstate
ALL
$65.9B
$831K 0.04%
11,830
-5,700
-33% -$382K
BBBY
655
DELISTED
Bed Bath & Beyond Inc
BBBY
$831K 0.04%
19,170
+14,090
+277% +$639K
DY icon
656
Dycom Industries
DY
$12.3B
$827K 0.04%
9,210
-160
-2% -$12.1K
AMAT icon
657
Applied Materials
AMAT
$424B
$826K 0.04%
34,480
-13,990
-29% -$309K
ALXN
658
DELISTED
Alexion Pharmaceuticals
ALXN
$825K 0.04%
7,070
+150
+2% +$21.3K
EMN icon
659
Eastman Chemical
EMN
$8.43B
$824K 0.04%
12,050
+5,310
+79% +$390K
NEM icon
660
Newmont
NEM
$120B
$821K 0.04%
21,010
+1,050
+5% +$34.8K
CFG icon
661
Citizens Financial Group
CFG
$31.2B
$820K 0.04%
41,040
+24,810
+153% +$551K
PPL
662
PPL Corp
PPL
$26.8B
$817K 0.04%
21,440
-5,780
-21% -$220K
SM icon
663
SM Energy
SM
$7.71B
$814K 0.04%
30,130
+7,440
+33% +$209K
BELFB
664
Bel Fuse Inc Class B
BELFB
$4.13B
$813K 0.04%
45,740
+6,430
+16% +$109K
DECK icon
665
Deckers Outdoor
DECK
$12.7B
$813K 0.04%
84,840
+20,040
+31% +$185K
DAR icon
666
Darling Ingredients
DAR
$10.4B
$809K 0.04%
54,290
+760
+1% +$11K
SHEN icon
667
Shenandoah Telecom
SHEN
$744M
$809K 0.04%
20,720
– –
ISIL
668
DELISTED
Intersil Corp
ISIL
$808K 0.04%
59,710
+15,460
+35% +$201K
ESL
669
DELISTED
Esterline Technologies
ESL
$805K 0.04%
12,970
+3,100
+31% +$203K
LYB icon
670
LyondellBasell Industries
LYB
$20.2B
$802K 0.04%
10,780
-690
-6% -$57K
EQR icon
671
Equity Residential
EQR
$24.7B
$800K 0.04%
11,530
+290
+3% +$20K
GVA icon
672
Granite Construction
GVA
$5.41B
$800K 0.04%
17,510
+4,370
+33% +$193K
BAX icon
673
Baxter International
BAX
$14B
$797K 0.04%
17,570
+610
+4% +$26.8K
MLKN icon
674
MillerKnoll
MLKN
$1.62B
$796K 0.04%
26,500
+6,550
+33% +$201K
TXT icon
675
Textron
TXT
$15.1B
$796K 0.04%
21,760
+8,470
+64% +$322K
25 26
27
28 29

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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.