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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
TCBI icon
976
Texas Capital Bancshares
TCBI
$4.38B
$469K 0.03%
10,020
+240
+2% +$10.8K
PFC
977
DELISTED
Premier Financial Corp. Common Stock
PFC
$468K 0.03%
24,100
+20,200
+518% +$398K
WMB icon
978
Williams Companies
WMB
$89.3B
$467K 0.03%
21,580
+600
+3% +$12K
MSFG
979
DELISTED
MainSource Financial Group Inc
MSFG
$467K 0.03%
21,200
– –
FCBC icon
980
First Community Bankshares
FCBC
$933M
$464K 0.03%
20,677
– –
HRB icon
981
H&R Block
HRB
$6.76B
$464K 0.03%
19,980
+8,540
+75% +$190K
MOS icon
982
The Mosaic Company
MOS
$6.92B
$464K 0.03%
17,710
-270
-2% -$7.16K
CTG
983
DELISTED
Computer Task Group, Inc.
CTG
$464K 0.03%
92,310
+70,600
+325% +$365K
IBCP icon
984
Independent Bank Corp
IBCP
$854M
$463K 0.03%
31,890
+29,600
+1,293% +$437K
JAKK icon
985
Jakks Pacific
JAKK
$294M
$462K 0.02%
5,843
– –
MATV icon
986
Mativ Holdings
MATV
$667M
$462K 0.02%
13,110
+180
+1% +$6.07K
A icon
987
Agilent Technologies
A
$42.2B
$461K 0.02%
10,360
+210
+2% +$9.06K
NEOG icon
988
Neogen
NEOG
$2.59B
$461K 0.02%
21,840
+613
+3% +$11.4K
BUSE icon
989
First Busey Corp
BUSE
$2.58B
$460K 0.02%
21,490
– –
HNRG icon
990
Hallador Energy
HNRG
$730M
$460K 0.02%
99,610
+29,700
+42% +$134K
ETR icon
991
Entergy
ETR
$49.9B
$459K 0.02%
11,280
-6,120
-35% -$235K
PH icon
992
Parker-Hannifin
PH
$134B
$459K 0.02%
4,250
+100
+2% +$11.2K
ENFY
993
DELISTED
Enlightify Inc
ENFY
$459K 0.02%
28,741
+7,758
+37% +$128K
COR icon
994
Cencora
COR
$59.2B
$458K 0.02%
5,780
-210
-4% -$16.8K
HSIC icon
995
Henry Schein
HSIC
$10B
$458K 0.02%
6,605
+179
+3% +$12.1K
RT
996
DELISTED
Ruby Tuesday Georgia
RT
$458K 0.02%
126,710
-260
-0.2% -$1.1K
NNA
997
DELISTED
Navios Maritime Acquisition Corporation
NNA
$457K 0.02%
19,423
+11,008
+131% +$290K
SHBI icon
998
Shore Bancshares
SHBI
$799M
$456K 0.02%
38,780
+38,000
+4,872% +$442K
HSKA
999
DELISTED
Heska Corp
HSKA
$455K 0.02%
12,230
-9,200
-43% -$310K
LCII icon
1000
LCI Industries
LCII
$2.6B
$454K 0.02%
5,350
+170
+3% +$12.2K
38 39
40
41 42

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SFM
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AI
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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.