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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
WTS icon
1151
Watts Water Technologies
WTS
$12.8B
$354K 0.02%
6,080
+120
+2% +$6.79K
KNGT
1152
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
$354K 0.02%
13,320
+260
+2% +$6.91K
CINF icon
1153
Cincinnati Financial
CINF
$26.5B
$351K 0.02%
4,660
-15,920
-77% -$1.08M
INDB icon
1154
Independent Bank
INDB
$4.05B
$351K 0.02%
7,630
+150
+2% +$7K
KS
1155
DELISTED
KapStone Paper and Pack Corp.
KS
$351K 0.02%
26,740
+460
+2% +$6.75K
LLTC
1156
DELISTED
Linear Technology Corp
LLTC
$351K 0.02%
7,540
-5,440
-42% -$249K
GCI
1157
DELISTED
Gannett Co., Inc
GCI
$351K 0.02%
25,450
+780
+3% +$12.1K
AWR icon
1158
American States Water
AWR
$3.52B
$350K 0.02%
7,980
+220
+3% +$8.88K
COL
1159
DELISTED
Rockwell Collins
COL
$350K 0.02%
4,110
+90
+2% +$8.03K
RMBS icon
1160
Rambus
RMBS
$10.8B
$347K 0.02%
28,760
+910
+3% +$11.1K
GBX icon
1161
The Greenbrier Companies
GBX
$1.42B
$346K 0.02%
11,860
+60
+0.5% +$1.73K
GPN icon
1162
Global Payments
GPN
$25.1B
$346K 0.02%
4,850
-38,260
-89% -$2.82M
L icon
1163
Loews
L
$23B
$346K 0.02%
8,430
-18,480
-69% -$733K
MCHP icon
1164
Microchip Technology
MCHP
$42.2B
$346K 0.02%
13,640
+980
+8% +$24.4K
LOGM
1165
DELISTED
LogMein, Inc.
LOGM
$346K 0.02%
5,460
+110
+2% +$6.35K
WBD icon
1166
Warner Bros
WBD
$69.6B
$345K 0.02%
13,650
+6,090
+81% +$166K
BGG
1167
DELISTED
Briggs & Stratton Corp.
BGG
$345K 0.02%
16,310
+280
+2% +$6.05K
AME icon
1168
Ametek
AME
$58.7B
$344K 0.02%
7,440
+140
+2% +$6.73K
HOPE icon
1169
Hope Bancorp
HOPE
$1.85B
$344K 0.02%
23,110
+420
+2% +$6.51K
EXPR
1170
DELISTED
Express, Inc.
EXPR
$344K 0.02%
1,184
-14
-1% -$4.7K
AYI icon
1171
Acuity Brands
AYI
$10.8B
$342K 0.02%
1,380
-13,210
-91% -$3.3M
KSS icon
1172
Kohl's
KSS
$2.22B
$342K 0.02%
9,020
+1,020
+13% +$40.5K
WDFC icon
1173
WD-40
WDFC
$3.09B
$342K 0.02%
2,910
+70
+2% +$7.59K
MAC icon
1174
Macerich
MAC
$6.99B
$340K 0.02%
3,980
-1,490
-27% -$117K
SMTC icon
1175
Semtech
SMTC
$12.4B
$340K 0.02%
14,250
+450
+3% +$10.2K
45 46
47
48 49

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VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
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.