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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
ARW icon
151
Arrow Electronics
ARW
$10.7B
$2.51M 0.14%
40,520
+10,210
+34% +$648K
PNC icon
152
PNC Financial Services
PNC
$102B
$2.5M 0.13%
30,660
+15,260
+99% +$1.31M
TXN icon
153
Texas Instruments
TXN
$254B
$2.49M 0.13%
39,770
+4,470
+13% +$266K
OHI icon
154
Omega Healthcare
OHI
$13.9B
$2.49M 0.13%
73,320
+18,140
+33% +$605K
AMT icon
155
American Tower
AMT
$80.4B
$2.48M 0.13%
21,770
+8,750
+67% +$931K
LII icon
156
Lennox International
LII
$14.5B
$2.46M 0.13%
17,190
+3,930
+30% +$540K
RS icon
157
Reliance Steel & Aluminium
RS
$21.9B
$2.46M 0.13%
31,980
+8,030
+34% +$589K
BA icon
158
Boeing
BA
$182B
$2.45M 0.13%
18,880
-7,390
-28% -$963K
WST icon
159
West Pharmaceutical
WST
$24.6B
$2.45M 0.13%
32,310
+8,200
+34% +$597K
HUBB icon
160
Hubbell
HUBB
$26.7B
$2.43M 0.13%
23,000
+5,230
+29% +$550K
TWX
161
DELISTED
Time Warner Inc
TWX
$2.42M 0.13%
32,960
+4,960
+18% +$367K
LAMR icon
162
Lamar Advertising Co
LAMR
$15.8B
$2.42M 0.13%
36,500
+9,140
+33% +$577K
WOOF
163
DELISTED
VCA Inc.
WOOF
$2.42M 0.13%
35,800
+8,880
+33% +$564K
MKTX icon
164
MarketAxess Holdings
MKTX
$5.72B
$2.42M 0.13%
16,610
+4,110
+33% +$546K
CBOE icon
165
Cboe Global Markets
CBOE
$30.5B
$2.4M 0.13%
36,040
+8,780
+32% +$563K
TYL icon
166
Tyler Technologies
TYL
$13B
$2.4M 0.13%
14,390
+3,420
+31% +$505K
CRI icon
167
Carter's
CRI
$1.44B
$2.4M 0.13%
22,490
+5,250
+30% +$542K
JBLU icon
168
JetBlue
JBLU
$2.21B
$2.36M 0.13%
142,620
+35,580
+33% +$661K
POST icon
169
Post Holdings
POST
$3.69B
$2.35M 0.13%
43,456
+10,818
+33% +$523K
NKE icon
170
Nike
NKE
$60.6B
$2.33M 0.13%
42,130
+650
+2% +$37K
AFG icon
171
American Financial Group
AFG
$12B
$2.33M 0.13%
31,490
+7,830
+33% +$555K
BNY
172
Bank of New York Mellon
BNY
$110B
$2.32M 0.13%
59,800
+13,380
+29% +$532K
SCI icon
173
Service Corp International
SCI
$11.4B
$2.32M 0.13%
85,740
+20,760
+32% +$548K
UNP icon
174
Union Pacific
UNP
$176B
$2.32M 0.13%
26,560
+540
+2% +$45.7K
AVT icon
175
Avnet
AVT
$7.92B
$2.31M 0.12%
56,890
+13,130
+30% +$548K
5 6
7
8 9

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SFM
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AI
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HI
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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.