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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
BGFV
801
DELISTED
Big 5 Sporting Goods
BGFV
$624K 0.03%
67,300
-60
-0.1% -$587
KTCC icon
802
Key Tronic
KTCC
$42.8M
$624K 0.03%
82,870
+82,500
+22,297% +$618K
PGR icon
803
Progressive
PGR
$121B
$624K 0.03%
18,620
-22,430
-55% -$742K
BHI
804
DELISTED
Baker Hughes
BHI
$624K 0.03%
13,830
-780
-5% -$35.3K
TPR icon
805
Tapestry
TPR
$25.9B
$623K 0.03%
15,170
+2,820
+23% +$111K
XRX icon
806
Xerox
XRX
$412M
$621K 0.03%
24,637
+13,556
+122% +$357K
WDR
807
DELISTED
Waddell & Reed Financial, Inc.
WDR
$621K 0.03%
36,080
+8,830
+32% +$180K
ADUS icon
808
Addus HomeCare
ADUS
$2.2B
$620K 0.03%
35,580
+34,400
+2,915% +$655K
TIF
809
DELISTED
Tiffany & Co.
TIF
$620K 0.03%
10,160
+5,590
+122% +$372K
LDR
810
DELISTED
Landauer Inc
LDR
$619K 0.03%
14,930
+10,560
+242% +$393K
AVA icon
811
Avista
AVA
$3.24B
$618K 0.03%
13,800
+520
+4% +$21.3K
LION
812
DELISTED
Fidelity Southern Corporation
LION
$616K 0.03%
39,300
+38,700
+6,450% +$621K
MKSI icon
813
MKS Inc
MKSI
$20.7B
$615K 0.03%
14,270
+330
+2% +$12.8K
OMC icon
814
Omnicom Group
OMC
$24.2B
$615K 0.03%
7,500
+140
+2% +$11.6K
ATI icon
815
ATI
ATI
$30.9B
$614K 0.03%
48,190
+11,890
+33% +$170K
CMA
816
DELISTED
Comerica
CMA
$614K 0.03%
14,850
+5,500
+59% +$234K
TDAY
817
USA Today Co
TDAY
$1B
$614K 0.03%
33,970
+32,100
+1,717% +$529K
PCH
818
DELISTED
PotlatchDeltic
PCH
$614K 0.03%
18,010
+4,450
+33% +$151K
SCLN
819
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
$614K 0.03%
47,060
+37,120
+373% +$486K
PAYX icon
820
Paychex
PAYX
$44.6B
$609K 0.03%
10,230
+230
+2% +$12.3K
WNR
821
DELISTED
Western Refining Inc
WNR
$609K 0.03%
29,540
+7,040
+31% +$165K
FNHC
822
DELISTED
FedNat Holding Company Common Stock
FNHC
$608K 0.03%
31,910
+7,100
+29% +$144K
UFPI icon
823
UFP Industries
UFPI
$5.03B
$606K 0.03%
19,590
+390
+2% +$11K
SKYW icon
824
Skywest
SKYW
$4.21B
$604K 0.03%
22,810
+320
+1% +$7.31K
FF icon
825
Future Fuel
FF
$249M
$603K 0.03%
55,400
+80
+0.1% +$876
31 32
33
34 35

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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.