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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
RTX icon
51
RTX Corp
RTX
$300B
$4.95M 0.27%
76,653
+38,755
+102% +$2.48M
MA icon
52
Mastercard
MA
$490B
$4.94M 0.27%
56,080
+15,570
+38% +$1.49M
SBUX icon
53
Starbucks
SBUX
$124B
$4.88M 0.26%
85,430
+40,000
+88% +$2.27M
OKS
54
DELISTED
Oneok Partners LP
OKS
$4.8M 0.26%
119,860
-13,450
-10% -$492K
ETP
55
DELISTED
Energy Transfer Partners L.p.
ETP
$4.69M 0.25%
123,170
-30,280
-20% -$1.08M
WBA
56
DELISTED
Walgreens Boots Alliance
WBA
$4.68M 0.25%
56,220
+18,700
+50% +$1.51M
CELG
57
DELISTED
Celgene Corp
CELG
$4.58M 0.25%
46,390
+14,270
+44% +$1.48M
GEL icon
58
Genesis Energy
GEL
$1.94B
$4.57M 0.25%
119,090
-5,560
-4% -$195K
EEP
59
DELISTED
Enbridge Energy Partners
EEP
$4.55M 0.25%
196,320
-10,780
-5% -$228K
KHC icon
60
Kraft Heinz
KHC
$29.1B
$4.4M 0.24%
49,410
+18,300
+59% +$1.51M
EQM
61
DELISTED
EQM Midstream Partners, LP
EQM
$4.36M 0.24%
54,240
+510
+0.9% +$38.5K
WES
62
DELISTED
Western Gas Partners Lp
WES
$4.33M 0.23%
85,860
+1,170
+1% +$56.5K
MTD icon
63
Mettler-Toledo International
MTD
$28.8B
$4.32M 0.23%
11,840
+2,840
+32% +$1.04M
SHLX
64
DELISTED
Shell Midstream Partners, L.P.
SHLX
$4.3M 0.23%
127,400
+37,690
+42% +$1.3M
NS
65
DELISTED
NuStar Energy L.P.
NS
$4.29M 0.23%
86,090
-2,520
-3% -$121K
PAA icon
66
Plains All American Pipeline
PAA
$16.4B
$4.27M 0.23%
155,420
-63,520
-29% -$1.54M
TEP
67
DELISTED
Tallgrass Energy Partners, LP
TEP
$4.23M 0.23%
+91,940
New +$3.98M
ANDX
68
DELISTED
Andeavor Logistics LP
ANDX
$4.22M 0.23%
85,180
+9,430
+12% +$444K
ETP
69
DELISTED
Energy Transfer Partners, L.P.
ETP
$4.21M 0.23%
146,610
+900
+0.6% +$24.8K
UPS icon
70
United Parcel Service
UPS
$88.4B
$4.18M 0.23%
38,770
+13,740
+55% +$1.43M
SEP
71
DELISTED
Spectra Engy Parters Lp
SEP
$4.17M 0.23%
88,500
+15,460
+21% +$725K
BPL
72
DELISTED
Buckeye Partners, L.P.
BPL
$4.17M 0.23%
59,290
-15,250
-20% -$1.07M
ENLK
73
DELISTED
EnLink Midstream Partners, LP
ENLK
$4.16M 0.22%
250,410
-19,460
-7% -$284K
BWP
74
DELISTED
Boardwalk Pipeline Partners
BWP
$4.15M 0.22%
+237,760
New +$3.93M
INGR icon
75
Ingredion
INGR
$6.54B
$4.13M 0.22%
31,840
+7,880
+33% +$917K
1 2
3
4 5

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SFM
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AI
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HI
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PEA
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SUT
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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.