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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
PHM icon
776
Pultegroup
PHM
$24.9B
$654K 0.04%
33,360
+17,200
+106% +$319K
ALE
777
DELISTED
Allete
ALE
$653K 0.04%
10,110
+300
+3% +$17.3K
SASR
778
DELISTED
Sandy Spring Bancorp Inc
SASR
$652K 0.04%
22,430
+21,200
+1,724% +$601K
ILMN icon
779
Illumina
ILMN
$29.1B
$651K 0.04%
4,770
+134
+3% +$19K
NUVA
780
DELISTED
NuVasive, Inc.
NUVA
$650K 0.04%
10,880
+320
+3% +$17.3K
K
781
DELISTED
Kellanova
K
$649K 0.04%
8,467
+213
+3% +$15.3K
POLY
782
DELISTED
Plantronics, Inc.
POLY
$649K 0.04%
14,740
+3,550
+32% +$148K
CRUS icon
783
Cirrus Logic
CRUS
$6.08B
$645K 0.03%
16,620
+190
+1% +$6.81K
DDD icon
784
3D Systems Corp
DDD
$601M
$645K 0.03%
47,120
+11,630
+33% +$168K
FIS icon
785
Fidelity National Information Services
FIS
$22.8B
$645K 0.03%
8,750
+270
+3% +$19K
BXP icon
786
Boston Properties
BXP
$11B
$642K 0.03%
4,840
+110
+2% +$14.1K
BZH icon
787
Beazer Homes USA
BZH
$874M
$642K 0.03%
82,820
+15,500
+23% +$126K
ATVI
788
DELISTED
Activision Blizzard
ATVI
$642K 0.03%
16,190
-3,900
-19% -$143K
VIAB
789
DELISTED
Viacom Inc. Class B
VIAB
$641K 0.03%
15,300
+4,640
+44% +$192K
MBFI
790
DELISTED
MB Financial Corp
MBFI
$640K 0.03%
17,650
+340
+2% +$11.7K
IBOC icon
791
International Bancshares
IBOC
$4.57B
$639K 0.03%
24,490
+6,040
+33% +$158K
NNBR icon
792
NN Inc
NNBR
$298M
$639K 0.03%
45,690
+34,000
+291% +$534K
AM
793
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
$634K 0.03%
+22,740
New +$550K
BID
794
DELISTED
Sotheby's
BID
$632K 0.03%
23,060
+4,680
+25% +$132K
RAIL icon
795
FreightCar America
RAIL
$243M
$630K 0.03%
44,860
+13,400
+43% +$199K
CXO
796
DELISTED
CONCHO RESOURCES INC.
CXO
$630K 0.03%
5,280
+1,510
+40% +$175K
CHS
797
DELISTED
Chicos FAS, Inc.
CHS
$628K 0.03%
58,630
+14,060
+32% +$164K
AAN.A
798
DELISTED
The Aaron's Company Inc Class A
AAN.A
$628K 0.03%
28,650
+7,110
+33% +$156K
BFH icon
799
Bread Financial
BFH
$4.51B
$627K 0.03%
4,010
+1,730
+76% +$288K
PRA
800
DELISTED
ProAssurance
PRA
$625K 0.03%
11,610
+290
+3% +$14.5K
30 31
32
33 34

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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.