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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
B
1126
DELISTED
Barnes Group Inc.
B
$365K 0.02%
11,020
+240
+2% +$8.16K
HW
1127
DELISTED
Headwaters Inc
HW
$364K 0.02%
20,300
+430
+2% +$8.12K
ADC icon
1128
Agree Realty
ADC
$9.34B
$363K 0.02%
7,450
-7,040
-49% -$296K
NBTB icon
1129
NBT Bancorp
NBTB
$2.79B
$363K 0.02%
12,650
+190
+2% +$5.34K
CBM
1130
DELISTED
Cambrex Corporation
CBM
$361K 0.02%
6,980
+200
+3% +$9.55K
CCOI icon
1131
Cogent Communications
CCOI
$530M
$360K 0.02%
8,980
+670
+8% +$26.3K
KLAC icon
1132
KLA
KLAC
$274B
$360K 0.02%
49,100
+1,300
+3% +$9.32K
CVBF icon
1133
CVB Financial
CVBF
$4.08B
$359K 0.02%
21,880
+800
+4% +$13.6K
MSTR icon
1134
Strategy Inc
MSTR
$38.2B
$359K 0.02%
20,500
+600
+3% +$11K
WAT icon
1135
Waters Corp
WAT
$40.6B
$359K 0.02%
2,550
+60
+2% +$8.12K
MANT
1136
DELISTED
Mantech International Corp
MANT
$359K 0.02%
9,490
+150
+2% +$5.14K
APOG icon
1137
Apogee Enterprises
APOG
$888M
$358K 0.02%
7,720
+140
+2% +$6.08K
STRR
1138
DELISTED
Star Equity Holdings
STRR
$358K 0.02%
1,392
-3,070
-69% -$812K
GOV
1139
DELISTED
Government Properties Income Trust
GOV
$358K 0.02%
15,530
+410
+3% +$8.01K
HP icon
1140
Helmerich & Payne
HP
$4.3B
$357K 0.02%
5,310
+1,110
+26% +$68.6K
XEC
1141
DELISTED
CIMAREX ENERGY CO
XEC
$357K 0.02%
2,990
+70
+2% +$7.84K
ICUI icon
1142
ICU Medical
ICUI
$4.58B
$356K 0.02%
3,160
+80
+3% +$8.3K
ITRI icon
1143
Itron
ITRI
$4.5B
$356K 0.02%
8,270
+190
+2% +$8.02K
LLL
1144
DELISTED
L3 Technologies, Inc.
LLL
$356K 0.02%
2,430
+40
+2% +$5.37K
CMO
1145
DELISTED
Capstead Mortgage Corp.
CMO
$356K 0.02%
35,860
+310
+0.9% +$3.02K
SCL icon
1146
Stepan Co
SCL
$1.48B
$355K 0.02%
5,960
+110
+2% +$6.46K
VRA icon
1147
Vera Bradley
VRA
$94.7M
$355K 0.02%
25,050
+15,290
+157% +$247K
TIS
1148
DELISTED
Orchids Paper Products, Inc.
TIS
$355K 0.02%
9,980
– –
INN
1149
Summit Hotel Properties
INN
$656M
$354K 0.02%
26,780
+380
+1% +$4.54K
KALU icon
1150
Kaiser Aluminum
KALU
$2.99B
$354K 0.02%
3,920
+80
+2% +$6.99K
44 45
46
47 48

Similar funds

VAS
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SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
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.