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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
DRE
76
DELISTED
Duke Realty Corp.
DRE
$4.08M 0.22%
153,180
+37,860
+33% +$890K
DCP
77
DELISTED
DCP Midstream, LP
DCP
$4.04M 0.22%
117,030
-20,650
-15% -$679K
LNT icon
78
Alliant Energy
LNT
$18.2B
$3.99M 0.22%
100,530
+24,890
+33% +$923K
TCP
79
DELISTED
TC Pipelines LP
TCP
$3.99M 0.22%
69,610
+4,570
+7% +$248K
ALB icon
80
Albemarle
ALB
$15.1B
$3.95M 0.21%
49,670
+12,260
+33% +$900K
FBIN icon
81
Fortune Brands Innovations
FBIN
$5.83B
$3.94M 0.21%
79,431
+17,971
+29% +$877K
RMD icon
82
ResMed
RMD
$32.8B
$3.93M 0.21%
62,140
+15,470
+33% +$912K
CDK
83
DELISTED
CDK Global, Inc.
CDK
$3.81M 0.21%
68,750
+16,990
+33% +$878K
Y
84
DELISTED
Alleghany Corp
Y
$3.75M 0.2%
6,820
+1,680
+33% +$876K
ATO icon
85
Atmos Energy
ATO
$28.7B
$3.68M 0.2%
45,280
+11,270
+33% +$836K
COO icon
86
Cooper Companies
COO
$15B
$3.68M 0.2%
85,840
+21,320
+33% +$853K
IDXX icon
87
Idexx Laboratories
IDXX
$45B
$3.68M 0.2%
39,650
+9,770
+33% +$839K
WWAV
88
DELISTED
The WhiteWave Foods Company
WWAV
$3.68M 0.2%
78,320
+19,530
+33% +$839K
SNPS icon
89
Synopsys
SNPS
$79B
$3.63M 0.2%
67,200
+16,680
+33% +$836K
REG icon
90
Regency Centers
REG
$13.9B
$3.62M 0.2%
43,230
+10,700
+33% +$823K
IT icon
91
Gartner
IT
$11.3B
$3.56M 0.19%
36,550
+9,110
+33% +$866K
MAA icon
92
Mid-America Apartment Communities
MAA
$15.4B
$3.55M 0.19%
33,400
+8,260
+33% +$830K
WR
93
DELISTED
Westar Energy Inc
WR
$3.54M 0.19%
62,720
+15,510
+33% +$821K
ANSS
94
DELISTED
Ansys
ANSS
$3.54M 0.19%
38,950
+9,550
+32% +$844K
HII icon
95
Huntington Ingalls Industries
HII
$12.9B
$3.49M 0.19%
20,790
+5,190
+33% +$789K
VAL
96
DELISTED
Valspar
VAL
$3.48M 0.19%
32,250
+8,030
+33% +$862K
UGI icon
97
UGI
UGI
$7.53B
$3.48M 0.19%
76,440
+19,130
+33% +$806K
CPT icon
98
Camden Property Trust
CPT
$10.9B
$3.44M 0.19%
38,540
+9,570
+33% +$799K
BR icon
99
Broadridge
BR
$19.3B
$3.43M 0.19%
52,330
+12,720
+32% +$788K
EG icon
100
Everest Group
EG
$13.9B
$3.42M 0.18%
18,730
+4,500
+32% +$827K
2 3
4
5 6

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VAS
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SFM
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AI
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HI
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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.