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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
STX icon
1376
Seagate
STX
$209B
$229K 0.01%
9,390
+260
+3% +$6.3K
WIRE
1377
DELISTED
Encore Wire Corp
WIRE
$229K 0.01%
6,130
+130
+2% +$4.99K
UEIC icon
1378
Universal Electronics
UEIC
$66.6M
$228K 0.01%
3,150
+70
+2% +$4.59K
HWCC
1379
DELISTED
Houston Wire & Cable Company
HWCC
$228K 0.01%
43,340
– –
GPI icon
1380
Group 1 Automotive
GPI
$3.14B
$227K 0.01%
4,600
-130
-3% -$7.62K
RLH
1381
DELISTED
Red Lions Hotel Corporation
RLH
$227K 0.01%
31,225
– –
ALK icon
1382
Alaska Air
ALK
$5.3B
$226K 0.01%
3,880
-37,690
-91% -$2.6M
HTLD icon
1383
Heartland Express
HTLD
$979M
$225K 0.01%
12,910
+310
+2% +$5.52K
BBW icon
1384
Build-A-Bear
BBW
$474M
$224K 0.01%
16,700
– –
OSIS icon
1385
OSI Systems
OSIS
$3.77B
$224K 0.01%
3,850
-80
-2% -$4.41K
AAWW
1386
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$224K 0.01%
5,410
+160
+3% +$6.79K
QRVO icon
1387
Qorvo
QRVO
$8.68B
$223K 0.01%
4,030
-770
-16% -$38.5K
URBN icon
1388
Urban Outfitters
URBN
$6.53B
$222K 0.01%
8,080
+3,230
+67% +$92.8K
NAVG
1389
DELISTED
Navigators Group Inc
NAVG
$222K 0.01%
4,820
+140
+3% +$6.09K
CVU icon
1390
CPI Aerostructures
CVU
$75M
$220K 0.01%
35,720
+34,800
+3,783% +$226K
RYAM icon
1391
Rayonier Advanced Materials
RYAM
$570M
$220K 0.01%
16,210
+330
+2% +$4.04K
CCMP
1392
DELISTED
CMC Materials, Inc. Common Stock
CCMP
$220K 0.01%
5,170
+90
+2% +$3.77K
GL icon
1393
Globe Life
GL
$14B
$219K 0.01%
3,540
+80
+2% +$4.67K
TYPE
1394
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$219K 0.01%
8,870
+370
+4% +$8.61K
AIV
1395
Aimco
AIV
$379M
$218K 0.01%
37,084
-39,410
-52% -$218K
SNBR
1396
DELISTED
Sleep Number
SNBR
$218K 0.01%
10,180
-160
-2% -$3.49K
BPFH
1397
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$218K 0.01%
18,470
+590
+3% +$7.1K
HF
1398
DELISTED
HFF Inc.
HF
$218K 0.01%
7,560
+220
+3% +$6.61K
ABAX
1399
DELISTED
Abaxis Inc
ABAX
$218K 0.01%
4,620
+100
+2% +$4.53K
GDOT icon
1400
Green Dot
GDOT
$770M
$217K 0.01%
9,430
-190
-2% -$4.23K
54 55
56
57 58

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return
PVI
Partners Value Investments Hamilton, Bermuda $9.34B AUM 12.2% 1-Year Est. Return

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.