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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $8.81B
1-Year Est. Return 10.88%
This Fund
S&P 500
This Quarter Est. Return
-0.93%
1 Year Est. Return
+10.88%
3 Year Est. Return
+28.04%
5 Year Est. Return
+20.83%
10 Year Est. Return
–
AUM
$8.81B
AUM Growth
-$33.7M
Cap. Flow
+$34.3M
Cap. Flow %
0.39%
Top 10 Hldgs %
80.08%
Holding
37
New
1
Increased
8
Reduced
7
Closed
9

Top Buys

Rank Stock Value
1
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$203M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$175M
3
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$76.9M
4
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$64.5M
5
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$51.7M

Top Sells

Rank Stock Value
1
VGK icon
Vanguard FTSE Europe ETF
VGK
+$204M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$138M
3
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$58.4M
4
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
+$51.8M
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$27.7M

Sector Composition

Rank Sector Weight
1 Financials 0.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COIN icon
26
Coinbase
COIN
$40.5B
$8.86M 0.1%
+50,757
New +$9.99M
XCCC icon
27
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$269M
$4.43M 0.05%
121,654
– –
IJR icon
28
iShares Core S&P Small-Cap ETF
IJR
$112B
$3M 0.03%
24,129
– –
SPSB icon
29
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
– –
-228,061
Closed -$6.89M
STIP icon
30
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
– –
-95,402
Closed -$9.77M
VGSH icon
31
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
– –
-133,074
Closed -$7.82M
XONE icon
32
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$843M
– –
-1,178,547
Closed -$58.4M
XSVN icon
33
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$392M
– –
-403,857
Closed -$19.4M
XTEN icon
34
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
– –
-403,452
Closed -$18.6M
XTRE icon
35
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
– –
-402,313
Closed -$20M
XTWO icon
36
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$210M
– –
-416,558
Closed -$20.6M
XTWY icon
37
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$247M
– –
-420,244
Closed -$15.9M
1
2

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MU
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MOACM
Mutual of America Capital Management New York $8.8B AUM 29.06% 1-Year Est. Return
SWP
Stratos Wealth Partners Beachwood, Ohio $8.8B AUM 21.82% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
MC
Maverick Capital Dallas, Texas $8.67B AUM 48.76% 1-Year Est. Return
AI
Axiom Investors Greenwich, Connecticut $8.99B AUM 44.68% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q1 2026 Portfolio in Review

As of Q1 2026, Municipal Employees' Retirement System of Michigan held 37 positions worth $8.81B, down 0.38% from $8.84B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q1 2026 filing shows 1 new, 8 increased, 7 reduced and 9 closed positions. Its largest new stake was Coinbase: 50,757 shares worth $8.86M. The largest sale was Vanguard FTSE Europe ETF, an estimated $204M.

By sector, the portfolio is most concentrated in Financials at 0.1% of assets.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2026 buy was Coinbase: 50,757 shares worth $8.86M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Long Term Treasury ETF in Q1 2026, an estimated $203M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2026 reduction was Vanguard FTSE Europe ETF, cutting an estimated $204M.
  • Municipal Employees' Retirement System of Michigan fully exited BondBloxx Bloomberg One Year Target Duration US Treasury ETF in Q1 2026, selling an estimated $58.4M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 80% of its $8.81B portfolio in Q1 2026.
  • Municipal Employees' Retirement System of Michigan opened 1 new position and closed 9 in Q1 2026.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 0.38% quarter-over-quarter to $8.81B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2026, filed 11 May 2026.