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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
FAST icon
1051
Fastenal
FAST
$58.9B
$411K 0.02%
37,000
+920
+3% +$10.5K
BCPC
1052
Balchem Corp
BCPC
$5.65B
$411K 0.02%
6,890
+190
+3% +$11.6K
PRGO icon
1053
Perrigo
PRGO
$1.78B
$410K 0.02%
4,520
+30
+0.7% +$3.11K
PZZA icon
1054
Papa John's
PZZA
$804M
$410K 0.02%
6,030
+90
+2% +$5.49K
DIN icon
1055
Dine Brands
DIN
$440M
$409K 0.02%
4,770
+80
+2% +$6.87K
SALM
1056
DELISTED
Salem Media Group, Inc. Class A Common Stock
SALM
$409K 0.02%
56,600
– –
IXYS
1057
DELISTED
IXYS Corp
IXYS
$408K 0.02%
39,610
+29,600
+296% +$322K
AZZ icon
1058
AZZ Inc
AZZ
$4.52B
$406K 0.02%
6,770
+170
+3% +$9.73K
MATX icon
1059
Matsons
MATX
$6.39B
$406K 0.02%
12,570
+190
+2% +$6.57K
HMSY
1060
DELISTED
HMS Holdings Corp.
HMSY
$406K 0.02%
23,030
+510
+2% +$8.23K
MINI
1061
DELISTED
Mobile Mini Inc
MINI
$406K 0.02%
11,740
+230
+2% +$7.69K
GWW icon
1062
W.W. Grainger
GWW
$62.2B
$405K 0.02%
1,780
+40
+2% +$9.12K
HMN icon
1063
Horace Mann Educators
HMN
$2.1B
$405K 0.02%
12,000
+150
+1% +$4.88K
DHT icon
1064
DHT Holdings
DHT
$3.09B
$404K 0.02%
80,370
+34,000
+73% +$188K
GWB
1065
DELISTED
Great Western Bancorp, Inc.
GWB
$403K 0.02%
+12,780
New +$398K
SCHL icon
1066
Scholastic
SCHL
$784M
$402K 0.02%
10,130
+130
+1% +$4.89K
MRO
1067
DELISTED
Marathon Oil Corporation
MRO
$402K 0.02%
26,790
+850
+3% +$11.2K
DRH icon
1068
Diamondrock Hospitality Co
DRH
$2.51B
$401K 0.02%
43,790
+960
+2% +$8.84K
GIII icon
1069
G-III Apparel Group
GIII
$1.43B
$401K 0.02%
8,760
+220
+3% +$9.49K
NOV icon
1070
NOV
NOV
$7.36B
$400K 0.02%
11,900
-1,570
-12% -$50.4K
PKE icon
1071
Park Aerospace
PKE
$811M
$400K 0.02%
27,310
+100
+0.4% +$1.58K
CBU icon
1072
Community Bank
CBU
$3.46B
$399K 0.02%
9,630
+270
+3% +$10.7K
MAR icon
1073
Marriott International
MAR
$91.9B
$399K 0.02%
6,010
+170
+3% +$11.4K
FMBI
1074
DELISTED
First Midwest Bancorp Inc/IL
FMBI
$399K 0.02%
22,600
+1,030
+5% +$18.5K
GEN icon
1075
Gen Digital
GEN
$17.7B
$398K 0.02%
19,370
-600
-3% -$10.8K
41 42
43
44 45

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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.