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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
ACM icon
201
Aecom
ACM
$7.8B
$2.16M 0.12%
67,920
+17,030
+33% +$539K
TTC icon
202
Toro Company
TTC
$9.27B
$2.16M 0.12%
48,780
+12,480
+34% +$545K
BMS
203
DELISTED
Bemis
BMS
$2.16M 0.12%
41,900
+10,340
+33% +$522K
NFG icon
204
National Fuel Gas
NFG
$7.75B
$2.15M 0.12%
37,590
+9,330
+33% +$503K
PNRA
205
DELISTED
Panera Bread Co
PNRA
$2.14M 0.12%
10,090
+2,430
+32% +$518K
CTAS icon
206
Cintas
CTAS
$80.9B
$2.13M 0.12%
87,040
+55,880
+179% +$1.29M
LSI
207
DELISTED
Life Storage, Inc.
LSI
$2.13M 0.12%
30,510
+10,815
+55% +$785K
ADBE icon
208
Adobe
ADBE
$102B
$2.13M 0.12%
22,240
+4,630
+26% +$445K
SPG icon
209
Simon Property Group
SPG
$71.9B
$2.12M 0.11%
9,760
+240
+3% +$49K
WCG
210
DELISTED
Wellcare Health Plans, Inc.
WCG
$2.1M 0.11%
19,570
+4,870
+33% +$476K
MDU icon
211
MDU Resources
MDU
$4.32B
$2.09M 0.11%
227,327
+56,174
+33% +$458K
UTHR icon
212
United Therapeutics
UTHR
$21.7B
$2.09M 0.11%
19,740
+4,630
+31% +$516K
KELYA icon
213
Kelly Services Class A
KELYA
$546M
$2.09M 0.11%
110,170
+80,680
+274% +$1.54M
BEAV
214
DELISTED
B/E Aerospace Inc
BEAV
$2.09M 0.11%
45,230
+11,190
+33% +$535K
RGLD icon
215
Royal Gold
RGLD
$19.3B
$2.09M 0.11%
28,880
+7,130
+33% +$424K
USB icon
216
US Bancorp
USB
$101B
$2.09M 0.11%
51,390
+1,150
+2% +$47.9K
WRI
217
DELISTED
Weingarten Realty Investors
WRI
$2.09M 0.11%
51,100
+13,080
+34% +$497K
ORI icon
218
Old Republic International
ORI
$10.3B
$2.08M 0.11%
108,010
+26,710
+33% +$499K
GXP
219
DELISTED
Great Plains Energy Incorporated
GXP
$2.08M 0.11%
68,350
+16,960
+33% +$521K
EGN
220
DELISTED
Energen
EGN
$2.07M 0.11%
42,960
+10,610
+33% +$462K
CL icon
221
Colgate-Palmolive
CL
$73.9B
$2.06M 0.11%
28,190
+730
+3% +$52K
LMT icon
222
Lockheed Martin
LMT
$138B
$2.05M 0.11%
8,260
-2,500
-23% -$589K
MANH icon
223
Manhattan Associates
MANH
$11.3B
$2.05M 0.11%
31,940
+7,610
+31% +$474K
FTNT icon
224
Fortinet
FTNT
$120B
$2.04M 0.11%
323,000
+79,850
+33% +$517K
MAN icon
225
ManpowerGroup
MAN
$2.66B
$2.04M 0.11%
31,640
+7,550
+31% +$585K
7 8
9
10 11

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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.