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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
TFX icon
101
Teleflex
TFX
$5.79B
$3.41M 0.18%
19,240
+5,370
+39% +$875K
ARE icon
102
Alexandria Real Estate Equities
ARE
$8.31B
$3.41M 0.18%
32,660
+8,210
+34% +$784K
COST icon
103
Costco
COST
$423B
$3.35M 0.18%
21,320
+7,810
+58% +$1.18M
NNN icon
104
NNN REIT
NNN
$8.87B
$3.3M 0.18%
63,780
+16,750
+36% +$777K
CDNS icon
105
Cadence Design Systems
CDNS
$89.5B
$3.24M 0.17%
133,180
+31,360
+31% +$751K
FLG
106
Flagstar Bank National Association
FLG
$5.92B
$3.23M 0.17%
71,863
+17,823
+33% +$812K
ASH icon
107
Ashland
ASH
$3.42B
$3.15M 0.17%
56,169
+13,102
+30% +$725K
CSC
108
DELISTED
Computer Sciences
CSC
$3.06M 0.16%
61,390
+15,360
+33% +$621K
ACC
109
DELISTED
American Campus Communities, Inc.
ACC
$3.05M 0.16%
57,750
+14,310
+33% +$672K
JKHY icon
110
Jack Henry & Associates
JKHY
$10.8B
$3.05M 0.16%
34,940
+8,660
+33% +$724K
CSL icon
111
Carlisle Companies
CSL
$14.9B
$3M 0.16%
28,390
+7,000
+33% +$711K
MD icon
112
Pediatrix Medical
MD
$2.13B
$2.98M 0.16%
41,160
+9,900
+32% +$681K
SBNY
113
DELISTED
Signature Bank
SBNY
$2.96M 0.16%
23,730
+5,980
+34% +$799K
MSCI icon
114
MSCI
MSCI
$40.8B
$2.96M 0.16%
38,410
+8,780
+30% +$664K
MDLZ icon
115
Mondelez International
MDLZ
$80.8B
$2.94M 0.16%
64,800
+7,120
+12% +$310K
RPM icon
116
RPM International
RPM
$14.4B
$2.94M 0.16%
58,810
+14,520
+33% +$728K
FDS icon
117
Factset
FDS
$9.8B
$2.92M 0.16%
18,100
+4,370
+32% +$676K
DPZ icon
118
Domino's
DPZ
$11.5B
$2.91M 0.16%
22,170
+5,570
+34% +$708K
AOS icon
119
A.O. Smith
AOS
$8.45B
$2.9M 0.16%
65,920
+16,140
+32% +$652K
DUK icon
120
Duke Energy
DUK
$96.8B
$2.9M 0.16%
33,850
+7,930
+31% +$634K
SEIC icon
121
SEI Investments
SEIC
$12.6B
$2.9M 0.16%
60,260
+14,430
+31% +$694K
OGE icon
122
OGE Energy
OGE
$9.7B
$2.89M 0.16%
88,370
+21,810
+33% +$653K
AFL icon
123
Aflac
AFL
$60.6B
$2.88M 0.16%
79,960
+54,140
+210% +$1.85M
NVR icon
124
NVR
NVR
$17B
$2.87M 0.15%
1,610
+390
+32% +$667K
LLY icon
125
Eli Lilly
LLY
$1.09T
$2.83M 0.15%
35,930
-4,840
-12% -$364K
3 4
5
6 7

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SFM
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AI
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HI
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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.