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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
+7.27%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$9.05B
AUM Growth
+$246M
Cap. Flow
-$333M
Cap. Flow %
-3.67%
Top 10 Hldgs %
78.19%
Holding
30
New
2
Increased
2
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$153M
2
FALN icon
iShares Fallen Angels USD Bond ETF
FALN
+$27.1M
3
SPIB icon
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
+$5.86M
4
FIGR
Figure Technology Solutions
FIGR
+$2.3M

Top Sells

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$157M
2
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$155M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$88.4M
4
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$49.7M
5
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$27M

Sector Composition

Rank Sector Weight
1 Miscellaneous 99.89%
2 Financials 0.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.55B
$1.35B 14.88%
30,516,713
-3,615,297
-11% -$155M
IVV icon
2
iShares Core S&P 500 ETF
IVV
$900B
$1.23B 13.55%
1,637,942
– –
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.7B
$1.05B 11.59%
36,956,056
-1,746,419
-5% -$49.7M
SPTS icon
4
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$658M 7.27%
22,686,978
-5,398,227
-19% -$157M
VGK icon
5
Vanguard FTSE Europe ETF
VGK
$31B
$588M 6.5%
6,644,476
-120,389
-2% -$10.5M
SPTL icon
6
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$11.1B
$514M 5.68%
19,609,770
-3,389,982
-15% -$88.4M
IJH icon
7
iShares Core S&P Mid-Cap ETF
IJH
$126B
$440M 4.86%
5,705,045
– –
SCHP icon
8
Schwab US TIPS ETF
SCHP
$16.5B
$429M 4.74%
16,188,586
– –
QVMM
9
Invesco QQQ Trust Series 1
QVMM
$435M
$428M 4.73%
11,882,576
– –
SPIB icon
10
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.7B
$398M 4.39%
11,879,902
+175,134
+1% +$5.86M
XBB icon
11
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$524M
$302M 3.34%
7,372,511
– –
QVMS
12
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$252M
$249M 2.76%
7,114,414
– –
IEMG icon
13
iShares Core MSCI Emerging Markets ETF
IEMG
$162B
$246M 2.72%
2,975,052
-338,777
-10% -$27M
XEMD icon
14
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$907M
$212M 2.34%
4,714,975
– –
SPHY icon
15
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$11.9B
$192M 2.12%
8,191,734
– –
RSP icon
16
Invesco S&P 500 Equal Weight ETF
RSP
$99.8B
$159M 1.76%
+748,708
New +$153M
FLCA icon
17
Franklin FTSE Canada ETF
FLCA
$868M
$143M 1.58%
2,773,743
– –
FALN icon
18
iShares Fallen Angels USD Bond ETF
FALN
$1.66B
$127M 1.4%
4,657,064
+1,000,000
+27% +$27.1M
PICK icon
19
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.47B
$103M 1.14%
1,767,862
– –
XFIV icon
20
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$346M
$64.9M 0.72%
1,332,525
– –
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$2.59B
$50.2M 0.55%
776,753
– –
BBCA icon
22
JPMorgan BetaBuilders Canada ETF
BBCA
$11.5B
$47.6M 0.53%
478,673
-160,949
-25% -$16M
XLE icon
23
State Street Energy Select Sector SPDR ETF
XLE
$40.9B
$25.2M 0.28%
474,882
– –
ICOP icon
24
iShares Copper and Metals Mining ETF
ICOP
$512M
$24.7M 0.27%
501,672
– –
XB icon
25
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$74.4M
$10.5M 0.12%
266,860
– –
1
2

Similar funds

WT
Wellcome Trust London, United Kingdom $9.01B AUM 12.05% 1-Year Est. Return
KPWS
Kestra Private Wealth Services Austin, Texas $9.1B AUM 32.09% 1-Year Est. Return
CL
Choreo LLC Rockford, Illinois $9.11B AUM 26.3% 1-Year Est. Return
RRAM
River Road Asset Management Louisville, Kentucky $8.99B AUM 12.83% 1-Year Est. Return
SF
Summit Financial Parsippany, New Jersey $9.12B AUM 27.44% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $9.13B AUM 34.49% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.96B AUM 34.3% 1-Year Est. Return
UBP
Union Bancaire Privee Geneva 1, Switzerland $9.16B AUM 31.4% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q2 2026 Portfolio in Review

As of Q2 2026, Municipal Employees' Retirement System of Michigan held 30 positions worth $9.05B, up 2.8% from $8.81B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $333M in Q2 2026, reducing 8 holdings. Its largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $157M.

By sector, the portfolio is most concentrated in Miscellaneous at 100% of assets, down from 100% a quarter earlier, followed by Financials.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Invesco S&P 500 Equal Weight ETF worth $159M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2026 buy was Invesco S&P 500 Equal Weight ETF: 748,708 shares worth $159M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Fallen Angels USD Bond ETF in Q2 2026, an estimated $27.1M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2026 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $157M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 78% of its $9.05B portfolio in Q2 2026.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 0 in Q2 2026.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.8% quarter-over-quarter to $9.05B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2026, filed 10 Aug 2026.