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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
CYH icon
826
Community Health Systems
CYH
$419M
$602K 0.03%
49,920
+4,448
+10% +$65.1K
AIT icon
827
Applied Industrial Technologies
AIT
$13.2B
$601K 0.03%
13,310
+180
+1% +$8.06K
DVN icon
828
Devon Energy
DVN
$48.8B
$601K 0.03%
16,570
+880
+6% +$29.8K
VTOL icon
829
Bristow Group
VTOL
$1.38B
$599K 0.03%
31,855
+12,000
+60% +$232K
NLSN
830
DELISTED
Nielsen Holdings plc
NLSN
$599K 0.03%
11,520
-4,740
-29% -$250K
KSU
831
DELISTED
Kansas City Southern
KSU
$596K 0.03%
6,600
+3,270
+98% +$298K
WDC icon
832
Western Digital
WDC
$168B
$594K 0.03%
16,461
+6,988
+74% +$230K
COR
833
DELISTED
Coresite Realty Corporation
COR
$594K 0.03%
6,660
+210
+3% +$16.2K
CVCO icon
834
Cavco Industries
CVCO
$4.67B
$593K 0.03%
6,320
+5,800
+1,115% +$535K
PVH icon
835
PVH
PVH
$3.77B
$592K 0.03%
6,280
+2,580
+70% +$242K
VRTV
836
DELISTED
VERITIV CORPORATION
VRTV
$590K 0.03%
15,690
+50
+0.3% +$1.94K
UAL icon
837
United Airlines
UAL
$41B
$589K 0.03%
14,370
+2,520
+21% +$119K
EXPE icon
838
Expedia Group
EXPE
$39.4B
$588K 0.03%
5,530
+1,370
+33% +$149K
TAP icon
839
Molson Coors Class B
TAP
$7.85B
$588K 0.03%
5,810
+170
+3% +$16.7K
MDSO
840
DELISTED
Medidata Solutions, Inc.
MDSO
$586K 0.03%
12,500
+530
+4% +$23.1K
PDCE
841
DELISTED
PDC Energy, Inc.
PDCE
$582K 0.03%
10,100
+510
+5% +$30.3K
TOWR
842
DELISTED
Tower International, Inc.
TOWR
$581K 0.03%
28,220
+20,000
+243% +$462K
SRDX
843
DELISTED
Surmodics
SRDX
$580K 0.03%
24,690
-18,920
-43% -$415K
LFUS icon
844
Littelfuse
LFUS
$11.4B
$578K 0.03%
4,890
+120
+3% +$14K
PCAR icon
845
PACCAR
PCAR
$68.8B
$576K 0.03%
16,650
-8,805
-35% -$324K
JNPR
846
DELISTED
Juniper Networks
JNPR
$570K 0.03%
25,310
+14,440
+133% +$336K
RLI icon
847
RLI Corp
RLI
$5.87B
$570K 0.03%
16,580
+420
+3% +$13.7K
GNW icon
848
Genworth Financial
GNW
$3.77B
$569K 0.03%
220,660
+54,730
+33% +$177K
KDP icon
849
Keurig Dr Pepper
KDP
$42.3B
$569K 0.03%
5,860
-4,330
-42% -$397K
ATW
850
DELISTED
Atwood Oceanics
ATW
$568K 0.03%
45,370
+220
+0.5% +$2.3K
32 33
34
35 36

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VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
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.