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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
IP icon
876
International Paper
IP
$21.8B
$550K 0.03%
13,707
-7,888
-37% -$314K
MCBC
877
DELISTED
Macatawa Bank Corp
MCBC
$550K 0.03%
74,110
+67,600
+1,038% +$469K
ADI icon
878
Analog Devices
ADI
$186B
$549K 0.03%
9,700
-1,980
-17% -$113K
HVT icon
879
Haverty Furniture Companies
HVT
$450M
$546K 0.03%
30,260
+22,420
+286% +$415K
PLAB icon
880
Photronics
PLAB
$1.97B
$546K 0.03%
61,240
– –
SWKS icon
881
Skyworks Solutions
SWKS
$10.5B
$545K 0.03%
8,610
+2,070
+32% +$141K
WTW icon
882
Willis Towers Watson
WTW
$31B
$545K 0.03%
4,370
+140
+3% +$17.3K
ROP icon
883
Roper Technologies
ROP
$39.3B
$544K 0.03%
3,190
+80
+3% +$14K
RCL icon
884
Royal Caribbean
RCL
$82.9B
$543K 0.03%
8,090
+2,880
+55% +$221K
BCR
885
DELISTED
CR Bard Inc.
BCR
$543K 0.03%
2,310
-1,610
-41% -$350K
WTFC icon
886
Wintrust Financial
WTFC
$11B
$541K 0.03%
10,600
+310
+3% +$15.5K
APTV icon
887
Aptiv
APTV
$10.2B
$540K 0.03%
8,630
-2,610
-23% -$182K
CMD
888
DELISTED
Cantel Medical Corporation
CMD
$538K 0.03%
7,830
+180
+2% +$12.4K
OME
889
DELISTED
Omega Protein
OME
$537K 0.03%
26,850
– –
MJN
890
DELISTED
Mead Johnson Nutrition Company
MJN
$537K 0.03%
5,890
+170
+3% +$14.4K
DAKT icon
891
Daktronics
DAKT
$988M
$536K 0.03%
84,420
+220
+0.3% +$1.66K
KN icon
892
Knowles
KN
$3.23B
$536K 0.03%
39,200
+9,720
+33% +$134K
UBSI icon
893
United Bankshares
UBSI
$6.68B
$536K 0.03%
14,160
+360
+3% +$13.6K
VAC icon
894
Marriott Vacations Worldwide
VAC
$4.17B
$534K 0.03%
7,790
+50
+0.6% +$3.13K
ANF icon
895
Abercrombie & Fitch
ANF
$4.84B
$533K 0.03%
29,910
+7,510
+34% +$179K
ANDV
896
DELISTED
Andeavor
ANDV
$532K 0.03%
7,110
+2,690
+61% +$213K
SHOO icon
897
Steven Madden
SHOO
$3.46B
$530K 0.03%
23,265
+480
+2% +$11K
HOMB icon
898
Home BancShares
HOMB
$6.27B
$528K 0.03%
26,670
+630
+2% +$13.2K
NTAP icon
899
NetApp
NTAP
$40.2B
$528K 0.03%
21,450
+12,580
+142% +$310K
ASNA
900
DELISTED
Ascena Retail Group, Inc.
ASNA
$528K 0.03%
3,780
+935
+33% +$152K
34 35
36
37 38

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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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WPL
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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.