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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
AIZ icon
751
Assurant
AIZ
$13.9B
$683K 0.04%
7,920
+5,930
+298% +$498K
MLM icon
752
Martin Marietta Materials
MLM
$32.7B
$680K 0.04%
3,540
+990
+39% +$177K
TCBK icon
753
TriCo Bancshares
TCBK
$1.86B
$680K 0.04%
24,650
+6,900
+39% +$186K
CRS icon
754
Carpenter Technology
CRS
$26.6B
$679K 0.04%
20,620
+5,010
+32% +$167K
PLCM
755
DELISTED
POLYCOM INC
PLCM
$675K 0.04%
60,010
+15,360
+34% +$179K
MED icon
756
Medifast
MED
$128M
$672K 0.04%
20,070
+14,670
+272% +$473K
AVNS
757
DELISTED
Avanos Medical
AVNS
$671K 0.04%
20,640
+5,100
+33% +$156K
VRTX icon
758
Vertex Pharmaceuticals
VRTX
$131B
$671K 0.04%
7,800
+240
+3% +$20.7K
LEN icon
759
Lennar Class A
LEN
$21.1B
$668K 0.04%
15,212
+9,350
+160% +$409K
APA icon
760
APA Corp
APA
$14B
$667K 0.04%
11,990
+370
+3% +$20.1K
FUL icon
761
H.B. Fuller
FUL
$3.24B
$667K 0.04%
15,170
+280
+2% +$12.6K
RGP icon
762
Resources Connection
RGP
$145M
$667K 0.04%
45,110
+6,040
+15% +$89.4K
SYF icon
763
Synchrony
SYF
$26.1B
$667K 0.04%
26,400
+710
+3% +$20.7K
EW icon
764
Edwards Lifesciences
EW
$53.4B
$666K 0.04%
20,040
+270
+1% +$9.24K
EXAC
765
DELISTED
Exactech Inc
EXAC
$664K 0.04%
24,820
+24,700
+20,583% +$585K
NWE icon
766
NorthWestern Energy
NWE
$4.4B
$663K 0.04%
10,520
+280
+3% +$16.6K
DHI icon
767
D.R. Horton
DHI
$41.9B
$662K 0.04%
21,030
+5,710
+37% +$174K
CAG icon
768
Conagra Brands
CAG
$7.39B
$661K 0.04%
17,759
+591
+3% +$21.1K
WHR icon
769
Whirlpool
WHR
$2.79B
$661K 0.04%
3,970
+810
+26% +$143K
NYT icon
770
New York Times
NYT
$10.3B
$660K 0.04%
54,510
+13,580
+33% +$167K
KMPR icon
771
Kemper
KMPR
$1.59B
$659K 0.04%
21,270
+5,190
+32% +$162K
FL
772
DELISTED
Foot Locker
FL
$657K 0.04%
11,970
-33,780
-74% -$1.96M
CBR
773
DELISTED
CIBER Inc.
CBR
$656K 0.04%
436,650
+387,220
+783% +$660K
HRTG icon
774
Heritage Insurance Holdings
HRTG
$989M
$655K 0.04%
54,450
+41,600
+324% +$555K
HCSG icon
775
Healthcare Services Group
HCSG
$1.45B
$654K 0.04%
15,800
+450
+3% +$17.3K
29 30
31
32 33

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VAS
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SFM
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AI
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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.