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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
CRC
1751
DELISTED
California Resources Corporation
CRC
– –
0
– –
ARG
1752
DELISTED
Airgas Inc
ARG
– –
-2,000
Closed -$283K
CKP
1753
DELISTED
CHECKPOINT SYSTEMS INC
CKP
– –
-8,840
Closed -$89K
SNDK
1754
DELISTED
SANDISK CORP
SNDK
– –
-6,170
Closed -$469K
GSIG
1755
DELISTED
GSI GROUP INC COM STK (CDA)
GSIG
– –
-11,200
Closed -$159K
ADT
1756
DELISTED
ADT Corp
ADT
– –
-5,100
Closed -$210K
CBNJ
1757
DELISTED
CAPE BANCORP, INC COM
CBNJ
– –
-26,200
Closed -$352K
NEWP
1758
DELISTED
NEWPORT CORP
NEWP
– –
-8,240
Closed -$190K
MHFI
1759
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
– –
-8,150
Closed -$807K
HPY
1760
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
– –
-7,890
Closed -$762K
SUNE
1761
DELISTED
SUNEDISON, INC COM
SUNE
– –
-105,640
Closed -$57K
JAH
1762
DELISTED
JARDEN CORPORATION
JAH
– –
-68,900
Closed -$4.06M
CNL
1763
DELISTED
CLECO CRP (HOLDING CO)
CNL
– –
-19,850
Closed -$1.1M
NPBC
1764
DELISTED
NATL PENN BANCSHARES INC
NPBC
– –
-29,660
Closed -$316K
ATML
1765
DELISTED
ATMEL CORP
ATML
– –
-140,450
Closed -$1.14M
AFFX
1766
DELISTED
Affymetrix Inc
AFFX
– –
-17,000
Closed -$238K
PHIIK
1767
DELISTED
PHI, Inc. Non-Voting Common Stock
PHIIK
– –
-33,100
Closed -$625K
CAM
1768
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
– –
-5,800
Closed -$389K
IBTX
1769
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-7,500
Closed -$206K
REGI
1770
DELISTED
Renewable Energy Group, Inc.
REGI
– –
-118,300
Closed -$1.12M
SGY
1771
DELISTED
Stone Energy
SGY
– –
-215
Closed -$10K
REXX
1772
DELISTED
Rex Energy Corporation
REXX
– –
-1,040
Closed -$8K
NEWS
1773
DELISTED
NewStar Financial, Inc.
NEWS
– –
-32,800
Closed -$287K
VSR
1774
DELISTED
Versar, Inc.
VSR
– –
-74,080
Closed -$179K
KMI.WS
1775
DELISTED
Kinder Morgan Inc
KMI.WS
– –
-15,360
Closed -$1K
68 69 70
71
72

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VAS
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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
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.