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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
ETD icon
1326
Ethan Allen Interiors
ETD
$583M
$254K 0.01%
7,690
+120
+2% +$3.88K
INFU icon
1327
InfuSystem Holdings
INFU
$249M
$254K 0.01%
97,840
-221,500
-69% -$697K
PFS icon
1328
Provident Financial Services
PFS
$3.26B
$254K 0.01%
12,920
+290
+2% +$5.77K
DDE
1329
DELISTED
Dover Downs Gaming & Entertain
DDE
$254K 0.01%
239,790
– –
SZMK
1330
DELISTED
SIZMEK INC COM STK (DE)
SZMK
$254K 0.01%
110,430
+80,090
+264% +$206K
AWRE icon
1331
Aware
AWRE
$26.4M
$253K 0.01%
58,300
– –
KAMN
1332
DELISTED
Kaman Corp
KAMN
$252K 0.01%
5,910
+170
+3% +$7.16K
SEM
1333
DELISTED
Select Medical
SEM
$251K 0.01%
42,836
+928
+2% +$6.15K
GAS
1334
DELISTED
AGL Resources Inc
GAS
$251K 0.01%
3,800
+110
+3% +$7.23K
LITE icon
1335
Lumentum
LITE
$78B
$250K 0.01%
10,350
+270
+3% +$6.69K
CYNO
1336
DELISTED
Cynosure, Inc. Class A
CYNO
$250K 0.01%
5,130
+250
+5% +$11.9K
RCMT icon
1337
RCM Technologies
RCMT
$205M
$249K 0.01%
47,730
– –
HLTH
1338
DELISTED
Nobilis Health Corp.
HLTH
$249K 0.01%
111,810
+107,000
+2,225% +$347K
ESND
1339
DELISTED
Essendant Inc.
ESND
$249K 0.01%
8,110
+180
+2% +$5.65K
FSLR icon
1340
First Solar
FSLR
$24B
$248K 0.01%
5,110
+1,590
+45% +$84.7K
PWR icon
1341
Quanta Services
PWR
$101B
$248K 0.01%
10,730
+1,260
+13% +$29.1K
VAR
1342
DELISTED
Varian Medical Systems, Inc.
VAR
$247K 0.01%
3,421
+68
+2% +$4.93K
CALL
1343
DELISTED
magicJack VocalTec Ltd
CALL
$247K 0.01%
39,240
+22,400
+133% +$137K
FSP
1344
Franklin Street Properties
FSP
$46.4M
$246K 0.01%
20,010
+670
+3% +$7.54K
CLW icon
1345
Clearwater Paper
CLW
$354M
$245K 0.01%
3,750
+40
+1% +$2.34K
FCPT icon
1346
Four Corners Property Trust
FCPT
$2.76B
$245K 0.01%
11,766
-1,664
-12% -$31.5K
CBRE icon
1347
CBRE Group
CBRE
$44B
$244K 0.01%
9,230
-6,580
-42% -$192K
OXM icon
1348
Oxford Industries
OXM
$542M
$244K 0.01%
4,300
+100
+2% +$6.19K
PRAA icon
1349
PRA Group
PRAA
$762M
$244K 0.01%
10,110
+290
+3% +$8.11K
RIG icon
1350
Transocean
RIG
$6.39B
$244K 0.01%
20,560
+10,050
+96% +$103K
52 53
54
55 56

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VAS
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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.