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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
PAHC icon
1626
Phibro Animal Health
PAHC
$1.38B
$75K ﹤0.01%
4,040
+120
+3% +$2.5K
BKMU
1627
DELISTED
Bank Mutual Corp
BKMU
$75K ﹤0.01%
9,810
+570
+6% +$4.47K
ICON
1628
DELISTED
Iconix Brand Group, Inc.
ICON
$72K ﹤0.01%
1,061
+21
+2% +$1.64K
BBG
1629
DELISTED
Bill Barrett Corp
BBG
$71K ﹤0.01%
11,080
+430
+4% +$3.14K
LPSN icon
1630
LivePerson
LPSN
$35.5M
$70K ﹤0.01%
737
+39
+6% +$3.73K
QHC
1631
DELISTED
Quorum Health Corporation
QHC
$70K ﹤0.01%
+6,550
New +$76.3K
CENX icon
1632
Century Aluminum
CENX
$4.83B
$69K ﹤0.01%
10,870
+260
+2% +$1.83K
TESO
1633
DELISTED
Tesco Corp
TESO
$68K ﹤0.01%
10,110
+1,690
+20% +$13.1K
PES
1634
DELISTED
Pioneer Energy Services Corp.
PES
$65K ﹤0.01%
14,180
+300
+2% +$987
ENTA icon
1635
Enanta Pharmaceuticals
ENTA
$403M
$64K ﹤0.01%
2,890
+80
+3% +$2.09K
TNGO
1636
DELISTED
Tangoe, Inc.
TNGO
$64K ﹤0.01%
8,310
+200
+2% +$1.61K
DHX icon
1637
DHI Group
DHX
$175M
$59K ﹤0.01%
9,430
+260
+3% +$1.86K
TWI icon
1638
Titan International
TWI
$450M
$59K ﹤0.01%
9,570
+200
+2% +$1.24K
ZUMZ icon
1639
Zumiez
ZUMZ
$323M
$59K ﹤0.01%
4,140
-110
-3% -$1.75K
HOS
1640
DELISTED
Hornbeck Offshore Services, Inc.
HOS
$58K ﹤0.01%
6,950
+50
+0.7% +$476
FNBC
1641
DELISTED
First NBC Bank Holding Company
FNBC
$58K ﹤0.01%
3,450
+90
+3% +$1.7K
ASEI
1642
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
$58K ﹤0.01%
1,550
+30
+2% +$925
CRR
1643
DELISTED
Carbo Ceramics Inc.
CRR
$56K ﹤0.01%
4,310
+120
+3% +$1.62K
NOG icon
1644
Northern Oil and Gas
NOG
$2.52B
$55K ﹤0.01%
1,180
+48
+4% +$2.25K
LXU icon
1645
LSB Industries
LXU
$711M
$54K ﹤0.01%
5,824
+195
+3% +$1.94K
ZEUS
1646
DELISTED
Olympic Steel
ZEUS
$54K ﹤0.01%
1,980
+50
+3% +$1.12K
HCI icon
1647
HCI Group
HCI
$2.32B
$52K ﹤0.01%
1,910
+10
+0.5% +$308
EHTH icon
1648
eHealth
EHTH
$39.7M
$51K ﹤0.01%
3,650
+100
+3% +$1.21K
AIG.WS
1649
DELISTED
American International Group, Inc.
AIG.WS
$51K ﹤0.01%
2,723
– –
SMRT
1650
DELISTED
Stein Mart Inc
SMRT
$51K ﹤0.01%
6,500
-69,440
-91% -$485K
64 65
66
67 68

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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.