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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
HRL icon
1226
Hormel Foods
HRL
$13.4B
$315K 0.02%
8,610
+170
+2% +$6.36K
PLXS icon
1227
Plexus
PLXS
$7.04B
$314K 0.02%
7,280
+160
+2% +$6.74K
SWC
1228
DELISTED
Stillwater Mining Co
SWC
$314K 0.02%
26,470
+580
+2% +$6.2K
LKQ icon
1229
LKQ Corp
LKQ
$6.38B
$312K 0.02%
9,830
-92,240
-90% -$3M
AKAM icon
1230
Akamai
AKAM
$18B
$311K 0.02%
5,560
+130
+2% +$6.84K
URI icon
1231
United Rentals
URI
$69.7B
$311K 0.02%
4,640
+1,060
+30% +$69.2K
AMED
1232
DELISTED
Amedisys
AMED
$309K 0.02%
6,130
+120
+2% +$6.06K
CATO icon
1233
Cato Corp
CATO
$66.7M
$308K 0.02%
8,180
+100
+1% +$3.73K
BCO icon
1234
Brink's
BCO
$4.72B
$307K 0.02%
10,770
+380
+4% +$11.7K
GTN icon
1235
Gray Television
GTN
$520M
$307K 0.02%
28,280
– –
TR icon
1236
Tootsie Roll Industries
TR
$3.02B
$307K 0.02%
10,671
+2,579
+32% +$68.8K
CNCE
1237
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
$307K 0.02%
27,350
+24,300
+797% +$309K
FOXF icon
1238
Fox Factory Holding Corp
FOXF
$886M
$306K 0.02%
17,640
+14,700
+500% +$248K
AF
1239
DELISTED
Astoria Financial Corporation
AF
$306K 0.02%
19,930
+480
+2% +$7.35K
BLD
1240
DELISTED
TopBuild
BLD
$304K 0.02%
8,390
+320
+4% +$10.8K
CTRN icon
1241
Citi Trends
CTRN
$621M
$303K 0.02%
19,490
– –
KMX icon
1242
CarMax
KMX
$8.52B
$302K 0.02%
6,150
+80
+1% +$4.11K
PRGS icon
1243
Progress Software
PRGS
$1.83B
$302K 0.02%
11,000
+190
+2% +$4.88K
FLXS icon
1244
Flexsteel Industries
FLXS
$303M
$301K 0.02%
7,570
-5,100
-40% -$210K
CNSL
1245
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
$301K 0.02%
11,060
+330
+3% +$8.2K
EXAM
1246
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
$301K 0.02%
8,630
+330
+4% +$11.3K
CCEP icon
1247
Coca-Cola Europacific Partners
CCEP
$47.5B
$300K 0.02%
8,400
+1,970
+31% +$92.8K
HBI
1248
DELISTED
Hanesbrands
HBI
$300K 0.02%
11,930
-160
-1% -$4.36K
CMTL icon
1249
Comtech Telecommunications
CMTL
$52.7M
$299K 0.02%
23,280
+80
+0.3% +$1.68K
FNGN
1250
DELISTED
Financial Engines, Inc.
FNGN
$299K 0.02%
11,530
+530
+5% +$15.2K
48 49
50
51 52

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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 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.