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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
SMCI icon
1426
Super Micro Computer
SMCI
$25.3B
$202K 0.01%
81,300
+2,900
+4% +$7.96K
RGEN icon
1427
Repligen
RGEN
$9.45B
$201K 0.01%
7,340
+320
+5% +$8.18K
CKH
1428
DELISTED
Seacor Holdings Inc.
CKH
$201K 0.01%
3,588
+114
+3% +$6.27K
MDC
1429
DELISTED
M.D.C. Holdings, Inc.
MDC
$198K 0.01%
11,305
-6,819
-38% -$118K
EGAS
1430
DELISTED
Gas Natural Inc.
EGAS
$198K 0.01%
28,290
– –
RSTI
1431
DELISTED
Rofin-Sinar Technologies Inc
RSTI
$198K 0.01%
6,190
+110
+2% +$3.52K
ANIP icon
1432
ANI Pharmaceuticals
ANIP
$1.72B
$197K 0.01%
3,530
+50
+1% +$2.43K
FMC icon
1433
FMC
FMC
$1.27B
$197K 0.01%
4,889
+139
+3% +$5.45K
BANC icon
1434
Banc of California
BANC
$3.11B
$194K 0.01%
10,650
-20,450
-66% -$393K
MMSI icon
1435
Merit Medical Systems
MMSI
$5.4B
$192K 0.01%
9,670
+260
+3% +$5K
WRLD icon
1436
World Acceptance Corp
WRLD
$875M
$192K 0.01%
4,210
+30
+0.7% +$1.22K
CUB
1437
DELISTED
Cubic Corporation
CUB
$192K 0.01%
4,770
+130
+3% +$5.28K
BANR icon
1438
Banner Corp
BANR
$2.5B
$191K 0.01%
4,480
+160
+4% +$6.81K
FTI icon
1439
TechnipFMC
FTI
$30.1B
$190K 0.01%
9,596
+228
+2% +$4.71K
ITG
1440
DELISTED
Investment Technology Group Inc
ITG
$190K 0.01%
11,400
+260
+2% +$4.88K
BJRI icon
1441
BJ's Restaurants
BJRI
$1.42B
$189K 0.01%
4,320
+120
+3% +$5.31K
KLIC icon
1442
Kulicke & Soffa
KLIC
$5.01B
$189K 0.01%
15,500
+380
+3% +$4.42K
SAFT icon
1443
Safety Insurance
SAFT
$1.52B
$189K 0.01%
3,070
+70
+2% +$4.1K
KRA
1444
DELISTED
Kraton Corporation
KRA
$188K 0.01%
6,730
+220
+3% +$5.38K
FLS icon
1445
Flowserve
FLS
$10.3B
$187K 0.01%
4,130
+130
+3% +$6.08K
CPLA
1446
DELISTED
Capella Education Company
CPLA
$187K 0.01%
3,530
+50
+1% +$2.61K
FINL
1447
DELISTED
Finish Line
FINL
$187K 0.01%
9,250
-180
-2% -$3.4K
DCOM
1448
DELISTED
Dime Community Bancshares
DCOM
$187K 0.01%
11,050
+4,520
+69% +$79.9K
PIPR icon
1449
Piper Sandler
PIPR
$5.54B
$186K 0.01%
19,800
-320
-2% -$3.4K
SSP icon
1450
E.W. Scripps
SSP
$310M
$185K 0.01%
11,650
+330
+3% +$5.25K
56 57
58
59 60

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.