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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
HWKN icon
1601
Hawkins
HWKN
$2.73B
$90K ﹤0.01%
4,140
+100
+2% +$2.01K
HZO icon
1602
MarineMax
HZO
$1.15B
$90K ﹤0.01%
5,310
-31,530
-86% -$550K
SNEX icon
1603
StoneX
SNEX
$8.1B
$90K ﹤0.01%
16,605
– –
SPPI
1604
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
$90K ﹤0.01%
13,640
+840
+7% +$5.94K
BH icon
1605
Biglari Holdings Class B
BH
$1.24B
$89K ﹤0.01%
330
– –
FOR icon
1606
Forestar Group
FOR
$1.49B
$89K ﹤0.01%
7,510
+310
+4% +$3.89K
BNED icon
1607
Barnes & Noble Education
BNED
$425M
$88K ﹤0.01%
86
+3
+4% +$2.85K
TG icon
1608
Tredegar Corp
TG
$277M
$88K ﹤0.01%
5,420
+140
+3% +$2.25K
MCS icon
1609
Marcus Corp
MCS
$925M
$87K ﹤0.01%
4,100
-19,730
-83% -$388K
HAYN
1610
DELISTED
Haynes International, Inc.
HAYN
$87K ﹤0.01%
2,720
-14,830
-85% -$483K
BRS
1611
DELISTED
Bristow Group, Inc.
BRS
$87K ﹤0.01%
7,660
+230
+3% +$3.88K
EXAR
1612
DELISTED
Exar Corporation
EXAR
$86K ﹤0.01%
10,630
+200
+2% +$1.34K
ANGO icon
1613
AngioDynamics
ANGO
$656M
$85K ﹤0.01%
5,900
– –
AVD icon
1614
American Vanguard Corp
AVD
$64.9M
$85K ﹤0.01%
5,600
+140
+3% +$2.06K
EZPW icon
1615
Ezcorp Inc
EZPW
$1.8B
$85K ﹤0.01%
11,260
-122,320
-92% -$689K
SXC icon
1616
SunCoke Energy
SXC
$793M
$81K ﹤0.01%
13,950
+310
+2% +$1.96K
TVTY
1617
DELISTED
Tivity Health, Inc. Common Stock
TVTY
$81K ﹤0.01%
7,040
-165,930
-96% -$1.94M
FORR icon
1618
Forrester Research
FORR
$220M
$80K ﹤0.01%
2,170
+60
+3% +$2.14K
OFG icon
1619
OFG Bancorp
OFG
$2.25B
$80K ﹤0.01%
9,550
+330
+4% +$2.69K
MTUS icon
1620
Metallus
MTUS
$900M
$80K ﹤0.01%
8,270
+190
+2% +$1.98K
IVC
1621
DELISTED
Invacare Corporation
IVC
$80K ﹤0.01%
6,610
+40
+0.6% +$472
AMRI
1622
DELISTED
Albany Molecular Research Inc
AMRI
$80K ﹤0.01%
5,920
+190
+3% +$2.77K
EGL
1623
DELISTED
Engility Holdings, Inc.
EGL
$80K ﹤0.01%
3,770
+100
+3% +$2.12K
CHK
1624
DELISTED
Chesapeake Energy Corporation
CHK
$79K ﹤0.01%
93
+13
+16% +$12.5K
SGNT
1625
DELISTED
SAGENT PHARMACEUTICALS INC COM STK (DE)
SGNT
$78K ﹤0.01%
5,230
-30
-0.6% -$385
63 64
65
66 67

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VAS
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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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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.