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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
GPRE icon
1501
Green Plains
GPRE
$1.09B
$156K 0.01%
7,910
+230
+3% +$4.04K
LAKE icon
1502
Lakeland Industries
LAKE
$120M
$156K 0.01%
17,980
– –
MYRG icon
1503
MYR Group
MYRG
$5.21B
$156K 0.01%
6,450
-17,750
-73% -$432K
DEL
1504
DELISTED
Deltic Timber
DEL
$156K 0.01%
2,330
+60
+3% +$3.81K
FTK icon
1505
Flotek Industries
FTK
$1.31B
$155K 0.01%
1,960
+37
+2% +$2.37K
CFNL
1506
DELISTED
Cardinal Financial Corp
CFNL
$155K 0.01%
7,080
+200
+3% +$4.3K
JWN
1507
DELISTED
Nordstrom
JWN
$154K 0.01%
4,060
-4,390
-52% -$195K
SWN
1508
DELISTED
Southwestern Energy Company
SWN
$154K 0.01%
12,220
+240
+2% +$2.91K
BFS
1509
Saul Centers
BFS
$861M
$153K 0.01%
2,480
+60
+2% +$3.34K
UHT
1510
Universal Health Realty Income Trust
UHT
$575M
$153K 0.01%
2,670
+50
+2% +$2.76K
TISI icon
1511
Team
TISI
$101M
$152K 0.01%
+612
New +$172K
GAP
1512
The Gap Inc
GAP
$7.3B
$152K 0.01%
7,180
+150
+2% +$3.19K
BKS
1513
DELISTED
Barnes & Noble
BKS
$151K 0.01%
13,320
+330
+3% +$3.82K
ADPT
1514
DELISTED
Adeptus Health Inc
ADPT
$151K 0.01%
2,920
+350
+14% +$21K
AEGN
1515
DELISTED
Aegion Corp
AEGN
$150K 0.01%
7,670
+150
+2% +$3K
MNTA
1516
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$150K 0.01%
13,890
+600
+5% +$6.19K
CHCO icon
1517
City Holding Co
CHCO
$2.07B
$149K 0.01%
3,270
+80
+3% +$3.83K
NRG icon
1518
NRG Energy
NRG
$25.3B
$149K 0.01%
9,940
-6,510
-40% -$96.5K
HLX icon
1519
Helix Energy Solutions
HLX
$1.48B
$148K 0.01%
21,870
+540
+3% +$3.91K
LCI
1520
DELISTED
Lannett Company, Inc.
LCI
$145K 0.01%
1,525
+45
+3% +$3.85K
CCC
1521
DELISTED
Calgon Carbon Corp
CCC
$145K 0.01%
11,050
+300
+3% +$4.43K
UBA
1522
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
$145K 0.01%
5,780
+160
+3% +$3.45K
VECO icon
1523
Veeco
VECO
$3.33B
$144K 0.01%
8,700
+200
+2% +$3.56K
NILE
1524
DELISTED
Blue Nile, Inc.
NILE
$144K 0.01%
5,270
+60
+1% +$1.56K
UPBD icon
1525
Upbound Group
UPBD
$1.15B
$143K 0.01%
11,570
+840
+8% +$11.3K
59 60
61
62 63

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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
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
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MU
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WPL
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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.