Municipal Employees' Retirement System of Michigan’s Invesco S&P 500 QVM Multi-factor ETF QVML Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$1.35B	Sell	30,516,713 -3,615,297	-11%	-$155M	14.88%	1
2026 Q1	$1.31B	Hold	34,132,010	–	–	14.83%	1
2025 Q4	$1.37B	Hold	34,132,010	–	–	15.51%	1
2025 Q3	$1.34B	Hold	34,132,010	–	–	15.52%	1
2025 Q2	$1.25B	Hold	34,132,010	–	–	15.04%	1
2025 Q1	$1.14B	Buy	34,132,010 +3,758,630	+12%	+$131M	14.48%	1
2024 Q4	$1.05B	Hold	30,373,380	–	–	14.46%	1
2024 Q3	$1.03B	Buy	30,373,380 +84,824	+0.3%	+$2.78M	13.59%	1
2024 Q2	$981M	Hold	30,288,556	–	–	13.6%	1
2024 Q1	$942M	Sell	30,288,556 -1,791,472	-6%	-$52.7M	12.14%	2
2023 Q4	$891M	Hold	32,080,028	–	–	11.91%	2
2023 Q3	$802M	Sell	32,080,028 -4,043,973	-11%	-$105M	11.15%	2
2023 Q2	$938M	Hold	36,124,001	–	–	13.38%	2
2023 Q1	$879M	Buy	36,124,001 +5,060,000	+16%	+$121M	13.55%	2
2022 Q4	$717M	Buy	31,064,001 +271,636	+0.9%	+$6.28M	11.58%	2
2022 Q3	$658M	Buy	30,792,365 +268,141	+0.9%	+$6.36M	11.74%	2
2022 Q2	$690M	Buy	30,524,224 +216,198	+0.7%	+$5.29M	12.73%	2
2022 Q1	$809M	Buy	30,308,026 +248,620	+0.8%	+$6.55M	12.5%	2
2021 Q4	$843M	Hold	30,059,406	–	–	13.51%	2
2021 Q3	$756M	Buy	30,059,406 +83,387	+0.3%	+$2.15M	12.63%	2
2021 Q2	$751M	Buy	+29,976,019	New	+$751M	10.18%	3

Other funds holding QVML

PAG

Private Advisor Group Morristown, New Jersey $21.8B AUM 28.57% 1-Year Est. Return

CRI

Colonial River Investments Midlothian, Virginia $352M AUM 47.96% 1-Year Est. Return

RFWA

RPg Family Wealth Advisory Burlington, Massachusetts $600M AUM 36.53% 1-Year Est. Return

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

KAS

Kestra Advisory Services Austin, Texas $31B AUM 28.39% 1-Year Est. Return

BAM

Belpointe Asset Management Reno, Nevada $3.06B AUM 23.82% 1-Year Est. Return

ArborFi Advisors Ann Arbor, Michigan $138M AUM 18.45% 1-Year Est. Return

CFB

Cullen/Frost Bankers San Antonio, Texas $10.1B AUM 29.18% 1-Year Est. Return

PTC

Private Trust Company Cleveland, Ohio $1.25B AUM 29.12% 1-Year Est. Return

Continuum Advisory Eagle, Idaho $1.24B AUM 30.12% 1-Year Est. Return

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

Municipal Employees' Retirement System of Michigan reduced its Invesco S&P 500 QVM Multi-factor ETF (QVML) stake by 11% in Q2 2026, selling an estimated $155M and leaving 30,516,713 shares worth $1.35B. The position accounts for 14.88% of the portfolio, ranked #1.

Municipal Employees' Retirement System of Michigan first reported a position in QVML in Q2 2021 and has held it in 21 quarters since. The position peaked at $1.37B in Q4 2025. 11 funds tracked by Wall St. Rank hold QVML as of Q2 2026.

Municipal Employees' Retirement System of Michigan held 30,516,713 shares of Invesco S&P 500 QVM Multi-factor ETF worth $1.35B as of Q2 2026.
Municipal Employees' Retirement System of Michigan sold 3,615,297 Invesco S&P 500 QVM Multi-factor ETF shares in Q2 2026, an estimated $155M.
Invesco S&P 500 QVM Multi-factor ETF made up 14.88% of Municipal Employees' Retirement System of Michigan's portfolio in Q2 2026, its #1 holding.
Municipal Employees' Retirement System of Michigan first reported a position in Invesco S&P 500 QVM Multi-factor ETF in Q2 2021 and has held it in 21 quarters since.
Municipal Employees' Retirement System of Michigan's Invesco S&P 500 QVM Multi-factor ETF position peaked at $1.37B in Q4 2025.
11 funds tracked by Wall St. Rank held Invesco S&P 500 QVM Multi-factor ETF as of Q2 2026.

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