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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
UNTD
1351
DELISTED
UNITED ONLINE INC COM NEW
UNTD
$244K 0.01%
22,150
-10,000
-31% -$110K
AKS
1352
DELISTED
AK Steel Holding Corp
AKS
$243K 0.01%
52,170
+14,000
+37% +$61.4K
DIOD icon
1353
Diodes
DIOD
$4.48B
$242K 0.01%
12,870
+250
+2% +$4.74K
AZTA icon
1354
Azenta
AZTA
$1.49B
$241K 0.01%
21,500
+450
+2% +$4.71K
AAON icon
1355
Aaon
AAON
$7.23B
$240K 0.01%
13,020
+330
+3% +$5.96K
ROG icon
1356
Rogers Corp
ROG
$2.46B
$240K 0.01%
3,930
+100
+3% +$6.16K
AMG icon
1357
Affiliated Managers Group
AMG
$9.7B
$238K 0.01%
1,690
+40
+2% +$6.55K
FLOW
1358
DELISTED
SPX FLOW, Inc.
FLOW
$237K 0.01%
9,100
+260
+3% +$7.4K
TSQ icon
1359
Townsquare Media
TSQ
$104M
$236K 0.01%
29,880
+15,000
+101% +$143K
RCKY icon
1360
Rocky Brands
RCKY
$353M
$235K 0.01%
20,580
– –
HQY icon
1361
HealthEquity
HQY
$8.83B
$234K 0.01%
7,710
+210
+3% +$5.51K
SFBS
1362
ServisFirst Bancshares
SFBS
$5B
$234K 0.01%
+9,480
New +$233K
NCI
1363
DELISTED
Navigant Consulting, Inc.
NCI
$234K 0.01%
14,510
+320
+2% +$5.05K
STLY
1364
DELISTED
Stanley Furniture Co Inc
STLY
$234K 0.01%
95,560
– –
BMI icon
1365
Badger Meter
BMI
$3.78B
$232K 0.01%
6,340
+140
+2% +$5K
RRC icon
1366
Range Resources
RRC
$9.33B
$232K 0.01%
5,370
-1,060
-16% -$43.4K
UAA icon
1367
Under Armour
UAA
$2.3B
$232K 0.01%
5,790
-5,350
-48% -$214K
ULBI icon
1368
Ultralife
ULBI
$124M
$232K 0.01%
46,220
– –
ASTE icon
1369
Astec Industries
ASTE
$975M
$231K 0.01%
4,120
+120
+3% +$6.09K
CAL icon
1370
Caleres
CAL
$461M
$231K 0.01%
9,530
+240
+3% +$5.9K
SXI icon
1371
Standex International
SXI
$3.97B
$231K 0.01%
2,790
+70
+3% +$5.74K
TRIP icon
1372
TripAdvisor
TRIP
$1.29B
$231K 0.01%
3,600
+110
+3% +$7.13K
HIBB
1373
DELISTED
Hibbett, Inc. Common Stock
HIBB
$231K 0.01%
6,640
+60
+0.9% +$2.08K
DRI icon
1374
Darden Restaurants
DRI
$25.4B
$229K 0.01%
3,610
-4,180
-54% -$273K
NAII icon
1375
Natural Alternatives International
NAII
$13.6M
$229K 0.01%
20,720
+19,400
+1,470% +$235K
53 54
55
56 57

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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 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.