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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
PKG icon
126
Packaging Corp of America
PKG
$22.9B
$2.81M 0.15%
41,630
+10,220
+33% +$668K
WAB icon
127
Wabtec
WAB
$50B
$2.8M 0.15%
39,910
+9,270
+30% +$720K
WTRG icon
128
Essential Utilities
WTRG
$11.4B
$2.8M 0.15%
78,430
+19,400
+33% +$632K
NEE icon
129
NextEra Energy
NEE
$179B
$2.76M 0.15%
84,760
+11,960
+16% +$359K
RJF icon
130
Raymond James Financial
RJF
$35B
$2.76M 0.15%
83,655
+19,635
+31% +$671K
IEX icon
131
IDEX
IEX
$17.6B
$2.76M 0.15%
33,620
+8,320
+33% +$692K
RGA icon
132
Reinsurance Group of America
RGA
$16.3B
$2.75M 0.15%
28,340
+6,610
+30% +$634K
GS icon
133
Goldman Sachs
GS
$307B
$2.75M 0.15%
18,490
+3,440
+23% +$537K
QCOM icon
134
Qualcomm
QCOM
$173B
$2.74M 0.15%
51,120
-12,580
-20% -$663K
KRC icon
135
Kilroy Realty
KRC
$4.27B
$2.72M 0.15%
40,810
+10,080
+33% +$638K
TRMB icon
136
Trimble
TRMB
$13B
$2.71M 0.15%
111,140
+27,510
+33% +$689K
ULTI
137
DELISTED
Ultimate Software Group Inc
ULTI
$2.69M 0.14%
12,770
+3,160
+33% +$627K
STLD icon
138
Steel Dynamics
STLD
$37.7B
$2.66M 0.14%
107,820
+26,750
+33% +$654K
STE icon
139
Steris
STE
$23B
$2.62M 0.14%
38,090
+9,470
+33% +$663K
LPT
140
DELISTED
Liberty Property Trust
LPT
$2.61M 0.14%
64,900
+16,170
+33% +$588K
WRB icon
141
W.R. Berkley
WRB
$26.1B
$2.61M 0.14%
146,576
+36,281
+33% +$604K
ALGN icon
142
Align Technology
ALGN
$12.3B
$2.6M 0.14%
32,330
+8,180
+34% +$626K
FISV
143
Fiserv Inc
FISV
$27.8B
$2.59M 0.14%
47,700
+33,980
+248% +$1.75M
ITW icon
144
Illinois Tool Works
ITW
$82.8B
$2.59M 0.14%
24,750
+6,120
+33% +$641K
AON icon
145
Aon
AON
$74.9B
$2.56M 0.14%
23,460
+15,160
+183% +$1.6M
THS
146
DELISTED
Treehouse Foods
THS
$2.56M 0.14%
24,960
+6,170
+33% +$569K
ABT icon
147
Abbott
ABT
$194B
$2.54M 0.14%
64,550
+9,370
+17% +$373K
GD icon
148
General Dynamics
GD
$107B
$2.52M 0.14%
17,960
+5,000
+39% +$697K
RSG icon
149
Republic Services
RSG
$66.1B
$2.51M 0.14%
48,710
+27,890
+134% +$1.34M
PMC
150
DELISTED
PharMerica Corporation
PMC
$2.51M 0.14%
101,790
+76,520
+303% +$1.9M
4 5
6
7 8

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AI
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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.