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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
COHU icon
901
Cohu
COHU
$2.76B
$527K 0.03%
48,230
+210
+0.4% +$2.41K
PKY
902
DELISTED
Parkway, Inc.
PKY
$527K 0.03%
31,500
+480
+2% +$7.94K
AMN icon
903
AMN Healthcare
AMN
$1.34B
$526K 0.03%
13,170
+330
+3% +$12.2K
FLR icon
904
Fluor
FLR
$7B
$525K 0.03%
10,610
+2,780
+36% +$145K
DOC icon
905
Healthpeak Properties
DOC
$14.3B
$523K 0.03%
16,239
+560
+4% +$17.4K
FOSL icon
906
Fossil Group
FOSL
$330M
$522K 0.03%
18,280
+4,490
+33% +$151K
RBPAA
907
DELISTED
Royal Bancshares Of Pennsylvania Inc
RBPAA
$522K 0.03%
230,770
+230,500
+85,370% +$612K
HUBG icon
908
HUB Group
HUBG
$2.55B
$521K 0.03%
27,160
+40
+0.1% +$782
NBN icon
909
Northeast Bank
NBN
$1.16B
$521K 0.03%
46,300
– –
OKSB
910
DELISTED
Southwest Bancorp Inc/OK
OKSB
$520K 0.03%
30,710
+17,100
+126% +$273K
AAL icon
911
American Airlines Group
AAL
$9.97B
$518K 0.03%
18,310
-290
-2% -$9.8K
BBY icon
912
Best Buy
BBY
$18B
$517K 0.03%
16,750
+6,240
+59% +$196K
NWN icon
913
Northwest Natural Holdings
NWN
$2.14B
$513K 0.03%
7,920
+170
+2% +$9.48K
UVSP icon
914
Univest Financial
UVSP
$1.19B
$513K 0.03%
24,190
+17,800
+279% +$354K
SNI
915
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$512K 0.03%
8,230
+1,040
+14% +$66.4K
CRAI icon
916
CRA International
CRAI
$1.07B
$511K 0.03%
20,270
– –
MDCO
917
DELISTED
Medicines Co
MDCO
$511K 0.03%
15,190
+430
+3% +$15.2K
KRG icon
918
Kite Realty
KRG
$5.31B
$510K 0.03%
18,210
+430
+2% +$11.8K
ATSG
919
DELISTED
Air Transport Services Group
ATSG
$509K 0.03%
39,240
+34,500
+728% +$470K
BCC icon
920
Boise Cascade
BCC
$2.94B
$508K 0.03%
22,140
+220
+1% +$4.81K
IART icon
921
Integra LifeSciences
IART
$1.42B
$506K 0.03%
12,680
+420
+3% +$15.1K
MASI
922
DELISTED
Masimo
MASI
$506K 0.03%
9,630
+160
+2% +$7.54K
PBI icon
923
Pitney Bowes
PBI
$2.28B
$506K 0.03%
28,460
+11,590
+69% +$223K
HSY icon
924
Hershey
HSY
$37.4B
$503K 0.03%
4,430
+30
+0.7% +$2.81K
NOVT icon
925
Novanta
NOVT
$6.33B
$503K 0.03%
+33,200
New +$510K
35 36
37
38 39

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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.