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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
OSBC icon
1026
Old Second Bancorp
OSBC
$1.31B
$434K 0.02%
63,600
– –
BSRR icon
1027
Sierra Bancorp
BSRR
$532M
$430K 0.02%
25,770
+16,800
+187% +$292K
GEF icon
1028
Greif
GEF
$5.03B
$430K 0.02%
11,400
+2,840
+33% +$102K
LTC
1029
LTC Properties
LTC
$2.1B
$428K 0.02%
8,270
+320
+4% +$15.2K
CRZO
1030
DELISTED
Carrizo Oil & Gas Inc
CRZO
$428K 0.02%
11,930
+400
+3% +$14.3K
SHLM
1031
DELISTED
Schulman (A.) Inc
SHLM
$428K 0.02%
17,520
+140
+0.8% +$3.58K
MCRI icon
1032
Monarch Casino & Resort
MCRI
$2.2B
$427K 0.02%
19,420
+90
+0.5% +$1.85K
SSD icon
1033
Simpson Manufacturing
SSD
$8B
$427K 0.02%
10,670
+240
+2% +$9.23K
GES
1034
DELISTED
Guess Inc
GES
$426K 0.02%
28,330
+7,110
+34% +$118K
WMAR
1035
DELISTED
West Marine Inc
WMAR
$425K 0.02%
50,610
– –
NKTR icon
1036
Nektar Therapeutics
NKTR
$2.57B
$423K 0.02%
1,984
+49
+3% +$11K
EQT icon
1037
EQT Corp
EQT
$33.8B
$421K 0.02%
9,993
-1,139
-10% -$44.3K
SWBI icon
1038
Smith & Wesson
SWBI
$643M
$421K 0.02%
20,139
– –
GK
1039
DELISTED
G&K Services Inc
GK
$419K 0.02%
5,470
+80
+1% +$5.89K
EE
1040
DELISTED
El Paso Electric Company
EE
$418K 0.02%
8,840
+240
+3% +$10.8K
CHD icon
1041
Church & Dwight Co
CHD
$24B
$417K 0.02%
8,100
+100
+1% +$4.83K
TDG icon
1042
TransDigm Group
TDG
$68.9B
$417K 0.02%
+1,580
New +$386K
RHT
1043
DELISTED
Red Hat Inc
RHT
$416K 0.02%
5,730
+120
+2% +$8.99K
SIG icon
1044
Signet Jewelers
SIG
$3.6B
$414K 0.02%
5,020
+1,550
+45% +$158K
LBY
1045
DELISTED
Libbey, Inc.
LBY
$414K 0.02%
26,060
+18,300
+236% +$314K
FIX icon
1046
Comfort Systems
FIX
$60.8B
$413K 0.02%
12,700
-18,860
-60% -$601K
HI
1047
DELISTED
Hillenbrand
HI
$413K 0.02%
13,760
+370
+3% +$11.2K
LCUT icon
1048
Lifetime Brands
LCUT
$220M
$413K 0.02%
28,300
– –
IPCC
1049
DELISTED
Infinity Property & Casualty C
IPCC
$413K 0.02%
5,120
+60
+1% +$4.68K
STL
1050
DELISTED
Sterling Bancorp
STL
$412K 0.02%
26,240
+650
+3% +$10.4K
40 41
42
43 44

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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.