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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
VIAV icon
1176
Viavi Solutions
VIAV
$10.6B
$340K 0.02%
51,220
+1,690
+3% +$11.2K
QLGC
1177
DELISTED
QLOGIC CORP
QLGC
$339K 0.02%
22,970
+510
+2% +$6.94K
NTGR icon
1178
NETGEAR
NTGR
$647M
$338K 0.02%
7,110
+190
+3% +$8.16K
IVZ icon
1179
Invesco
IVZ
$14.3B
$337K 0.02%
13,200
+380
+3% +$11.3K
MAGN
1180
Magnera Corp
MAGN
$433M
$337K 0.02%
1,317
+21
+2% +$5.64K
NTUS
1181
DELISTED
Natus Medical Inc
NTUS
$336K 0.02%
8,890
+180
+2% +$6.03K
HAR
1182
DELISTED
Harman International Industries
HAR
$335K 0.02%
4,670
+2,490
+114% +$194K
CHRW icon
1183
C.H. Robinson
CHRW
$17.5B
$334K 0.02%
4,500
+100
+2% +$7.31K
MSI icon
1184
Motorola Solutions
MSI
$77B
$333K 0.02%
5,010
+130
+3% +$9.25K
PNR icon
1185
Pentair
PNR
$10.7B
$333K 0.02%
8,502
-5,137
-38% -$200K
AEL
1186
DELISTED
American Equity Investment Life Holding Company
AEL
$333K 0.02%
23,340
+560
+2% +$8.46K
ALSK
1187
DELISTED
Alaska Communications Systems
ALSK
$333K 0.02%
195,670
+184,700
+1,684% +$331K
CSH
1188
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
$333K 0.02%
7,810
+20
+0.3% +$773
SYKE
1189
DELISTED
SYKES Enterprises Inc
SYKE
$332K 0.02%
11,470
+170
+2% +$5K
SIGM
1190
DELISTED
Sigma Designs Inc
SIGM
$332K 0.02%
51,640
+45,900
+800% +$305K
EXPO icon
1191
Exponent
EXPO
$3.24B
$331K 0.02%
11,320
+380
+3% +$9.88K
M icon
1192
Macy's
M
$6.27B
$331K 0.02%
9,730
+160
+2% +$5.73K
MAS icon
1193
Masco
MAS
$14.7B
$331K 0.02%
10,700
-4,330
-29% -$137K
DALN
1194
DELISTED
DallasNews
DALN
$330K 0.02%
16,488
– –
NWBI icon
1195
Northwest Bancshares
NWBI
$2.31B
$330K 0.02%
22,240
+600
+3% +$8.49K
AXE
1196
DELISTED
Anixter International Inc
AXE
$330K 0.02%
6,200
+150
+2% +$8.6K
UFCS icon
1197
United Fire Group
UFCS
$1.38B
$329K 0.02%
7,740
+120
+2% +$5.1K
AEIS icon
1198
Advanced Energy
AEIS
$13.2B
$328K 0.02%
8,640
+170
+2% +$6.08K
FN icon
1199
Fabrinet
FN
$20.3B
$328K 0.02%
8,850
+180
+2% +$6.15K
LHX icon
1200
L3Harris
LHX
$53.7B
$328K 0.02%
3,930
+100
+3% +$7.9K
46 47
48
49 50

Similar funds

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
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.