Municipal Employees' Retirement System of Michigan’s iShares Fallen Angels USD Bond ETF FALN Stock Holding History

Municipal Employees' Retirement System of Michigan’s Portfolio FALN Stock Details FALN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$127M	Buy	4,657,064 +1,000,000	+27%	+$27.1M	1.4%	18
2026 Q1	$97.7M	Hold	3,657,064	–	–	1.11%	18
2025 Q4	$99.8M	Buy	3,657,064 +180,505	+5%	+$4.95M	1.13%	18
2025 Q3	$96.6M	Hold	3,476,559	–	–	1.12%	18
2025 Q2	$94.4M	Buy	+3,476,559	New	+$91.7M	1.14%	18
2021 Q2	–	Sell	-935,987	Closed	-$27.4M	–	30
2021 Q1	$27.4M	Buy	935,987 +6,614	+0.7%	+$194K	0.46%	19
2020 Q4	$27.3M	Buy	+929,373	New	+$26.3M	0.53%	17

Other funds holding FALN

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

BAAM

Baker Avenue Asset Management San Francisco, California $5.28B AUM 39.19% 1-Year Est. Return

Novem Group Rochester, New York $988M AUM 20.85% 1-Year Est. Return

Cambridge Investment Research Advisors Fairfield, Iowa $44.6B AUM 28.94% 1-Year Est. Return

Toews Corporation Northfield, New Jersey $686M AUM 6.66% 1-Year Est. Return

State of New Jersey Common Pension Fund D Trenton, New Jersey $29.3B AUM 38.15% 1-Year Est. Return

Commonwealth Equity Services Waltham, Massachusetts $79.5B AUM 27.1% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

BCG

Breakwater Capital Group Paramus, New Jersey $833M AUM 22.71% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's FALN Position: Q2 2026 in Review

Municipal Employees' Retirement System of Michigan increased its iShares Fallen Angels USD Bond ETF (FALN) stake by 27% in Q2 2026, buying an estimated $27.1M and bringing the position to 4,657,064 shares worth $127M. The position accounts for 1.4% of the portfolio, ranked #18.

Municipal Employees' Retirement System of Michigan first reported a position in FALN in Q4 2020 and has held it in 7 quarters since. 195 funds tracked by Wall St. Rank hold FALN as of Q2 2026.

Municipal Employees' Retirement System of Michigan held 4,657,064 shares of iShares Fallen Angels USD Bond ETF worth $127M as of Q2 2026.
Municipal Employees' Retirement System of Michigan bought 1,000,000 iShares Fallen Angels USD Bond ETF shares in Q2 2026, an estimated $27.1M.
iShares Fallen Angels USD Bond ETF made up 1.4% of Municipal Employees' Retirement System of Michigan's portfolio in Q2 2026, its #18 holding.
Municipal Employees' Retirement System of Michigan first reported a position in iShares Fallen Angels USD Bond ETF in Q4 2020 and has held it in 7 quarters since.
195 funds tracked by Wall St. Rank held iShares Fallen Angels USD Bond ETF as of Q2 2026.

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