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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
+2.55%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$1.5B
AUM Growth
+$146M
Cap. Flow
+$113M
Cap. Flow %
7.53%
Top 10 Hldgs %
7.32%
Holding
1,783
New
122
Increased
1,251
Reduced
317
Closed
31

Top Buys

Rank Stock Value
1
EPD icon
Enterprise Products Partners
EPD
+$6.02M
2
MMP
Magellan Midstream Partners, L.P.
MMP
+$4.83M
3
PAA icon
Plains All American Pipeline
PAA
+$4.61M
4
MPLX icon
MPLX
MPLX
+$4.57M
5
BPL
Buckeye Partners, L.P.
BPL
+$4.55M

Top Sells

Rank Stock Value
1
CHD icon
Church & Dwight Co
CHD
+$3.31M
2
AFFX
Affymetrix Inc
AFFX
+$3.09M
3
EXR icon
Extra Space Storage
EXR
+$3.09M
4
FRT icon
Federal Realty Investment Trust
FRT
+$2.99M
5
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
+$2.85M

Sector Composition

Rank Sector Weight
1 Financials 14.04%
2 Industrials 13.55%
3 Technology 12.58%
4 Healthcare 11.22%
5 Consumer Discretionary 10.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NEWS
1226
DELISTED
NewStar Financial, Inc.
NEWS
$287K 0.02%
32,800
-520
-2% -$3.91K
AMWD
1227
DELISTED
American Woodmark
AMWD
$286K 0.02%
3,830
+1,070
+39% +$72.2K
KSU
1228
DELISTED
Kansas City Southern
KSU
$286K 0.02%
3,330
+10
+0.3% +$780
HFWA icon
1229
Heritage Financial
HFWA
$1.23B
$285K 0.02%
16,200
-350
-2% -$6.17K
IPG
1230
DELISTED
Interpublic Group of Companies
IPG
$285K 0.02%
12,400
+20
+0.2% +$432
GEF icon
1231
Greif
GEF
$5.03B
$284K 0.02%
8,560
+350
+4% +$9.66K
XEC
1232
DELISTED
CIMAREX ENERGY CO
XEC
$284K 0.02%
2,920
+60
+2% +$5.28K
LLL
1233
DELISTED
L3 Technologies, Inc.
LLL
$283K 0.02%
2,390
-30
-1% -$3.5K
ARG
1234
DELISTED
Airgas Inc
ARG
$283K 0.02%
2,000
-20
-1% -$2.81K
OXM icon
1235
Oxford Industries
OXM
$542M
$282K 0.02%
4,200
+1,250
+42% +$85.1K
MRLN
1236
DELISTED
Marlin Business Services Corp
MRLN
$282K 0.02%
19,700
-140
-0.7% -$2K
SGBK
1237
DELISTED
Stonegate Bank
SGBK
$282K 0.02%
9,400
-380
-4% -$11.4K
FN icon
1238
Fabrinet
FN
$20.3B
$281K 0.02%
8,670
+2,580
+42% +$69.4K
IRBT
1239
DELISTED
iRobot
IRBT
$281K 0.02%
7,970
+1,930
+32% +$62.8K
PLXS icon
1240
Plexus
PLXS
$7.04B
$281K 0.02%
7,120
+320
+5% +$11.3K
GBNK
1241
DELISTED
Guaranty Bancorp
GBNK
$281K 0.02%
18,150
+40
+0.2% +$616
IFF icon
1242
International Flavors & Fragrances
IFF
$21.4B
$280K 0.02%
2,450
+20
+0.8% +$2.24K
STBA icon
1243
S&T Bancorp
STBA
$1.82B
$280K 0.02%
10,850
+3,790
+54% +$99.5K
EXPO icon
1244
Exponent
EXPO
$3.24B
$279K 0.02%
10,940
+460
+4% +$11.1K
NTGR icon
1245
NETGEAR
NTGR
$647M
$279K 0.02%
6,920
+420
+6% +$16.1K
GPI icon
1246
Group 1 Automotive
GPI
$3.14B
$278K 0.02%
4,730
+100
+2% +$5.71K
VIRC icon
1247
Virco
VIRC
$97.2M
$278K 0.02%
90,300
– –
ADTN icon
1248
Adtran
ADTN
$658M
$277K 0.02%
13,680
+3,580
+35% +$66.2K
JNPR
1249
DELISTED
Juniper Networks
JNPR
$277K 0.02%
10,870
+210
+2% +$5.25K
AGX icon
1250
Argan
AGX
$7.84B
$276K 0.02%
7,860
+260
+3% +$8.16K
48 49
50
51 52

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VAS
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SFM
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AI
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PEA
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SUT
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MU
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WPL
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PVI
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Municipal Employees' Retirement System of Michigan's Q1 2016 Portfolio in Review

As of Q1 2016, Municipal Employees' Retirement System of Michigan held 1,783 positions worth $1.5B, up 11% from $1.35B the previous quarter. Its ten largest holdings account for 7.3% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $113M of net new capital in Q1 2016, opening 122 new positions and adding to 1,251 existing holdings. Its largest new stake was Enterprise Products Partners: 258,720 shares worth $6.37M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, down from 16% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Church & Dwight Co, an estimated $3.31M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2016 buy was Enterprise Products Partners: 258,720 shares worth $6.37M.
  • Municipal Employees' Retirement System of Michigan added most to Centene in Q1 2016, an estimated $1.09M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2016 reduction was Church & Dwight Co, cutting an estimated $3.31M.
  • Municipal Employees' Retirement System of Michigan fully exited TOWERS WATSON & CO COM STK CL A (DE) in Q1 2016, selling an estimated $2.85M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 7.3% of its $1.5B portfolio in Q1 2016.
  • Municipal Employees' Retirement System of Michigan opened 122 new positions and closed 31 in Q1 2016.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 11% quarter-over-quarter to $1.5B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2016, filed 3 May 2016.