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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
CNC icon
1101
Centene
CNC
$32.6B
$383K 0.02%
10,720
-101,940
-90% -$3.2M
EVR icon
1102
Evercore
EVR
$12B
$383K 0.02%
8,660
+220
+3% +$11K
EXLS icon
1103
EXL Service
EXLS
$5.36B
$383K 0.02%
36,500
+1,150
+3% +$11.7K
CHSP
1104
DELISTED
Chesapeake Lodging Trust
CHSP
$383K 0.02%
16,210
+3,440
+27% +$83.2K
SFNC icon
1105
Simmons First National
SFNC
$3.46B
$381K 0.02%
16,420
+360
+2% +$8.26K
CTRA
1106
DELISTED
Coterra Energy
CTRA
$379K 0.02%
14,730
+600
+4% +$14.4K
IOSP icon
1107
Innospec
IOSP
$2.31B
$379K 0.02%
8,240
+130
+2% +$6.15K
PNFP icon
1108
Pinnacle Financial Partners Inc
PNFP
$16.2B
$378K 0.02%
7,740
+210
+3% +$10.3K
LTXB
1109
DELISTED
LegacyTexas Financial Group Inc
LTXB
$378K 0.02%
14,030
+250
+2% +$6.1K
DORM icon
1110
Dorman Products
DORM
$3.95B
$376K 0.02%
6,570
+130
+2% +$6.99K
AAP icon
1111
Advance Auto Parts
AAP
$3.46B
$375K 0.02%
2,320
+70
+3% +$10.8K
SAFM
1112
DELISTED
Sanderson Farms Inc
SAFM
$375K 0.02%
4,330
+110
+3% +$9.7K
SCAI
1113
DELISTED
Surgical Care Affiliates, Inc.
SCAI
$375K 0.02%
7,860
+480
+7% +$22.2K
ONB icon
1114
Old National Bancorp
ONB
$10.4B
$374K 0.02%
29,830
+5,340
+22% +$67.6K
TFCF
1115
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$372K 0.02%
13,660
+370
+3% +$10.8K
SCMP
1116
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
$372K 0.02%
33,930
+18,800
+124% +$210K
CMG icon
1117
Chipotle Mexican Grill
CMG
$41.3B
$371K 0.02%
46,000
– –
LYTS icon
1118
LSI Industries
LYTS
$912M
$370K 0.02%
33,400
– –
LAD icon
1119
Lithia Motors
LAD
$8.32B
$369K 0.02%
5,190
+260
+5% +$20.8K
XLNX
1120
DELISTED
Xilinx Inc
XLNX
$369K 0.02%
8,000
+70
+0.9% +$3.2K
NAVI icon
1121
Navient
NAVI
$867M
$368K 0.02%
30,790
+10,670
+53% +$136K
AAT
1122
American Assets Trust
AAT
$1.41B
$366K 0.02%
8,620
+200
+2% +$8.03K
CWT icon
1123
California Water Service
CWT
$3.1B
$366K 0.02%
10,470
+790
+8% +$23.2K
EXR icon
1124
Extra Space Storage
EXR
$31.6B
$366K 0.02%
3,950
+120
+3% +$10.8K
NGVT icon
1125
Ingevity
NGVT
$2.59B
$365K 0.02%
+10,731
New +$335K
43 44
45
46 47

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SFM
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AI
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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.