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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
PERY
1651
DELISTED
Perry Ellis International Inc
PERY
$51K ﹤0.01%
2,550
+40
+2% +$767
CENT icon
1652
Central Garden & Pet Co
CENT
$2.82B
$49K ﹤0.01%
2,688
+63
+2% +$921
CGI
1653
DELISTED
Celadon Group Inc
CGI
$49K ﹤0.01%
6,000
-24,880
-81% -$242K
DO
1654
DELISTED
Diamond Offshore Drilling
DO
$49K ﹤0.01%
2,020
+50
+3% +$1.19K
GEOS icon
1655
Geospace Technologies
GEOS
$66.2M
$48K ﹤0.01%
2,920
+60
+2% +$977
HLIT icon
1656
Harmonic Inc
HLIT
$1.46B
$48K ﹤0.01%
16,720
+510
+3% +$1.56K
ACAT
1657
DELISTED
Arctic Cat Inc
ACAT
$48K ﹤0.01%
2,850
+90
+3% +$1.42K
MCF
1658
DELISTED
Contango Oil & Gas Co.
MCF
$47K ﹤0.01%
3,850
+130
+3% +$1.58K
TDW icon
1659
Tidewater
TDW
$4.53B
$45K ﹤0.01%
317
+6
+2% +$1.23K
BBOX
1660
DELISTED
Black Box Corp
BBOX
$44K ﹤0.01%
3,300
-52,890
-94% -$700K
ENVA icon
1661
Enova International
ENVA
$6.53B
$43K ﹤0.01%
5,800
+30
+0.5% +$212
LQDT icon
1662
Liquidity Services
LQDT
$1.34B
$43K ﹤0.01%
5,470
+150
+3% +$947
DXPE icon
1663
DXP Enterprises
DXPE
$3.03B
$41K ﹤0.01%
2,770
+80
+3% +$1.35K
NWS icon
1664
News Corp Class B
NWS
$17.9B
$40K ﹤0.01%
3,410
+110
+3% +$1.37K
AGYS icon
1665
Agilysys
AGYS
$3.06B
$38K ﹤0.01%
3,600
+250
+7% +$2.7K
ESIO
1666
DELISTED
Electro Scientific Industries
ESIO
$38K ﹤0.01%
6,580
+570
+9% +$3.9K
VICR icon
1667
Vicor
VICR
$10.7B
$37K ﹤0.01%
3,650
+80
+2% +$795
ORN icon
1668
Orion Group Holdings
ORN
$398M
$32K ﹤0.01%
6,060
-45,760
-88% -$239K
KOPN icon
1669
Kopin
KOPN
$924M
$30K ﹤0.01%
13,730
+460
+3% +$888
QNST icon
1670
QuinStreet
QNST
$1.2B
$29K ﹤0.01%
8,050
+330
+4% +$1.13K
SSI
1671
DELISTED
Stage Stores Inc
SSI
$29K ﹤0.01%
5,850
-48,200
-89% -$300K
CLD
1672
DELISTED
Cloud Peak Energy Inc
CLD
$27K ﹤0.01%
13,160
+40
+0.3% +$82
SWI
1673
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
$26K ﹤0.01%
440
– –
GIFI
1674
DELISTED
Gulf Island Fabrication
GIFI
$20K ﹤0.01%
2,950
-47,470
-94% -$340K
CDI
1675
DELISTED
CDI Corp.
CDI
$19K ﹤0.01%
3,110
+10
+0.3% +$64
65 66
67
68 69

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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.