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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
ZLTQ
1301
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
$268K 0.01%
9,790
+280
+3% +$7.88K
TLMR
1302
DELISTED
TALMER BANCORP INC (MI)
TLMR
$267K 0.01%
13,910
+420
+3% +$8.09K
EBIX
1303
DELISTED
Ebix Inc
EBIX
$267K 0.01%
5,580
+100
+2% +$4.6K
BRKL
1304
DELISTED
Brookline Bancorp
BRKL
$266K 0.01%
24,090
+880
+4% +$9.84K
CF icon
1305
CF Industries
CF
$17.7B
$266K 0.01%
11,050
+1,720
+18% +$51K
CRAY
1306
DELISTED
Cray, Inc.
CRAY
$266K 0.01%
8,900
+220
+3% +$7.71K
FFBC icon
1307
First Financial Bancorp
FFBC
$3.6B
$265K 0.01%
13,510
+370
+3% +$7.1K
NP
1308
DELISTED
Neenah, Inc. Common Stock
NP
$264K 0.01%
3,650
+90
+3% +$6.05K
EBS icon
1309
Emergent Biosolutions
EBS
$230M
$263K 0.01%
9,340
+250
+3% +$9.8K
ASRT
1310
DELISTED
Assertio
ASRT
$262K 0.01%
223
+7
+3% +$7.65K
PLKI
1311
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
$261K 0.01%
4,780
+10
+0.2% +$545
KFY icon
1312
Korn Ferry
KFY
$4.36B
$260K 0.01%
12,510
+400
+3% +$10.9K
ADTN icon
1313
Adtran
ADTN
$658M
$259K 0.01%
13,890
+210
+2% +$4K
HOG icon
1314
Harley-Davidson
HOG
$2.9B
$259K 0.01%
5,720
+60
+1% +$2.76K
AES icon
1315
AES
AES
$10.5B
$258K 0.01%
20,700
-14,870
-42% -$168K
AMWD
1316
DELISTED
American Woodmark
AMWD
$258K 0.01%
3,890
+60
+2% +$4.33K
KWR icon
1317
Quaker Houghton
KWR
$2.95B
$258K 0.01%
2,890
+90
+3% +$7.84K
RMAX icon
1318
RE/MAX Holdings
RMAX
$265M
$258K 0.01%
6,420
+110
+2% +$4.22K
BEL
1319
DELISTED
Belmond Ltd.
BEL
$258K 0.01%
26,090
+430
+2% +$4.03K
PBPB
1320
DELISTED
Potbelly
PBPB
$257K 0.01%
20,490
+18,800
+1,112% +$250K
AJRD
1321
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$257K 0.01%
14,040
+350
+3% +$6.08K
ACOR
1322
DELISTED
Acorda Therapeutics
ACOR
$257K 0.01%
84
+2
+2% +$6.5K
AMSF icon
1323
AMERISAFE
AMSF
$504M
$256K 0.01%
4,180
+100
+2% +$5.72K
ABG icon
1324
Asbury Automotive
ABG
$3.78B
$255K 0.01%
4,830
-420
-8% -$23.6K
DCH
1325
Dauch Corp
DCH
$1.6B
$254K 0.01%
+17,560
New +$274K
51 52
53
54 55

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SFM
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AI
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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.