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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
RTEC
1576
DELISTED
Rudolph Technologies Inc
RTEC
$105K 0.01%
6,740
+140
+2% +$1.99K
EPIQ
1577
DELISTED
EPIQ SYSTEMS INC
EPIQ
$105K 0.01%
7,120
-44,260
-86% -$649K
TDC icon
1578
Teradata
TDC
$2.5B
$103K 0.01%
4,120
+60
+1% +$1.59K
CLMS
1579
DELISTED
Calamos Asset Management, Inc.
CLMS
$103K 0.01%
14,110
-90
-0.6% -$712
LNW
1580
DELISTED
Light & Wonder
LNW
$102K 0.01%
11,150
+430
+4% +$4.06K
CSRA
1581
DELISTED
CSRA Inc.
CSRA
$102K 0.01%
4,330
+120
+3% +$3.02K
FBP icon
1582
First Bancorp
FBP
$4.5B
$101K 0.01%
25,500
+1,160
+5% +$4.36K
ENDP
1583
DELISTED
Endo International plc
ENDP
$101K 0.01%
6,490
+170
+3% +$3.52K
GNCMA
1584
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
$101K 0.01%
6,400
+140
+2% +$2.29K
DTSI
1585
DELISTED
DTS, Inc.
DTSI
$101K 0.01%
3,820
+90
+2% +$2.13K
LM
1586
DELISTED
Legg Mason, Inc.
LM
$99K 0.01%
3,330
-11,340
-77% -$368K
GHL
1587
DELISTED
Greenhill & Co., Inc.
GHL
$98K 0.01%
6,060
+170
+3% +$3.37K
EXTN
1588
DELISTED
Exterran Corporation
EXTN
$98K 0.01%
7,630
+160
+2% +$2.21K
TTEC icon
1589
TTEC Holdings
TTEC
$80.8M
$97K 0.01%
3,570
+60
+2% +$1.64K
FTD
1590
DELISTED
FTD Companies, Inc. Common Stock
FTD
$97K 0.01%
3,870
-16,230
-81% -$429K
CRVL icon
1591
CorVel
CRVL
$3.19B
$96K 0.01%
6,660
+180
+3% +$2.71K
MTRX icon
1592
Matrix Service
MTRX
$329M
$96K 0.01%
5,810
+90
+2% +$1.52K
RRTS
1593
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
$96K 0.01%
514
+3
+0.6% +$702
AVTA
1594
DELISTED
Avantax, Inc. Common Stock
AVTA
$94K 0.01%
9,070
+170
+2% +$1.34K
VRTS icon
1595
Virtus Investment Partners
VRTS
$1.12B
$93K 0.01%
1,300
-90
-6% -$6.82K
TBRG
1596
DELISTED
TruBridge
TBRG
$93K 0.01%
2,330
+80
+4% +$3.63K
MWW
1597
DELISTED
Monster Worldwide Inc
MWW
$93K 0.01%
38,830
-40
-0.1% -$115
OI icon
1598
O-I Glass
OI
$1.06B
$92K 0.01%
5,120
+200
+4% +$3.67K
PRDO icon
1599
Perdoceo Education
PRDO
$2B
$91K ﹤0.01%
15,290
+690
+5% +$3.75K
LL
1600
DELISTED
LL Flooring Holdings, Inc.
LL
$91K ﹤0.01%
5,930
+100
+2% +$1.39K
62 63
64
65 66

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SFM
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AI
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HI
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PEA
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SUT
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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.