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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
APEI icon
851
American Public Education
APEI
$828M
$567K 0.03%
20,180
+12,090
+149% +$300K
CALM icon
852
Cal-Maine
CALM
$3.87B
$567K 0.03%
12,800
+160
+1% +$7.54K
SRGA
853
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
$567K 0.03%
5,266
+5,230
+14,528% +$612K
FLIR
854
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$567K 0.03%
18,330
+4,020
+28% +$126K
NSR
855
DELISTED
Neustar Inc
NSR
$566K 0.03%
24,060
+6,140
+34% +$146K
DTE icon
856
DTE Energy
DTE
$29B
$565K 0.03%
6,651
+153
+2% +$11.8K
O icon
857
Realty Income
O
$59.6B
$565K 0.03%
8,380
+444
+6% +$26.9K
VNO icon
858
Vornado Realty Trust
VNO
$7.41B
$561K 0.03%
6,927
+173
+3% +$13.4K
WSR
859
DELISTED
Whitestone REIT
WSR
$561K 0.03%
36,970
+35,000
+1,777% +$478K
KBH icon
860
KB Home
KBH
$3.45B
$560K 0.03%
36,840
+8,650
+31% +$121K
CERN
861
DELISTED
Cerner Corp
CERN
$560K 0.03%
9,560
+190
+2% +$10.6K
AKR icon
862
Acadia Realty Trust
AKR
$2.86B
$559K 0.03%
15,630
+600
+4% +$20.5K
APH icon
863
Amphenol
APH
$204B
$559K 0.03%
38,920
+1,080
+3% +$15.5K
LGIH icon
864
LGI Homes
LGIH
$1.37B
$559K 0.03%
17,510
+11,500
+191% +$319K
TTEK icon
865
Tetra Tech
TTEK
$9.33B
$558K 0.03%
90,600
+1,000
+1% +$5.98K
WRK
866
DELISTED
WestRock Company
WRK
$558K 0.03%
14,358
+5,714
+66% +$214K
DNR
867
DELISTED
Denbury Resources, Inc.
DNR
$557K 0.03%
155,170
+38,260
+33% +$144K
CUZ icon
868
Cousins Properties
CUZ
$4.93B
$556K 0.03%
18,938
+496
+3% +$14.7K
GT icon
869
Goodyear
GT
$1.78B
$555K 0.03%
21,630
+7,540
+54% +$216K
SVU
870
DELISTED
SUPERVALU Inc.
SVU
$555K 0.03%
16,797
+4,136
+33% +$142K
MAT icon
871
Mattel
MAT
$4.25B
$554K 0.03%
17,720
+2,030
+13% +$64.4K
MPWR icon
872
Monolithic Power Systems
MPWR
$67B
$554K 0.03%
8,090
+230
+3% +$15.1K
PLOW icon
873
Douglas Dynamics
PLOW
$967M
$554K 0.03%
21,550
+9,600
+80% +$216K
TUES
874
DELISTED
Tuesday Morning Corp
TUES
$554K 0.03%
78,890
-14,910
-16% -$109K
SJI
875
DELISTED
South Jersey Industries, Inc.
SJI
$552K 0.03%
17,320
+2,640
+18% +$75.7K
33 34
35
36 37

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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
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.