Municipal Employees' Retirement System of Michigan Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
|
+$176M |
| 2 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$167M |
| 3 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$129M |
| 4 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$79.7M |
| 5 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$79.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$56.4M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$50.1M |
| 3 |
iShares Core S&P Small-Cap ETF
IJR
|
+$47.9M |
| 4 |
iShares Core MSCI Europe ETF
IEUR
|
+$30.6M |
| 5 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$22.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 1.04% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.23B
| $4.47M | 0.07% |
+57,658
| New | +$4.59M |
|
27
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.1M | 0.04% |
5,298
+22
| +0.4% | +$8.48K |
|
28
iShares MSCI Emerging Markets ETF
EEM
$30.4B
| – | – |
-143,336
| Closed | -$7.41M |
|
|
29
iShares Core MSCI Europe ETF
IEUR
$9.14B
| – | – |
-596,573
| Closed | -$30.6M |
|
30
MillerKnoll
MLKN
$1.64B
| – | – |
-102
| Closed | -$3K |
|
|
LLEN
31
DELISTED
L & L ENERGY INC COM STK (NV)
LLEN
| – | – |
-48,200
| Closed | -$1K |
|
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Municipal Employees' Retirement System of Michigan's Q1 2021 Portfolio in Review
As of Q1 2021, Municipal Employees' Retirement System of Michigan held 31 positions worth $5.97B, up 16% from $5.13B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Municipal Employees' Retirement System of Michigan deployed $736M of net new capital in Q1 2021, opening 6 new positions and adding to 13 existing holdings. Its largest new stake was State Street SPDR Bloomberg Emerging Markets Local Bond ETF: 6,460,691 shares worth $168M.
By sector, the portfolio is most concentrated in Materials at 1% of assets, down from 1.6% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $56.4M trimmed.
- Municipal Employees' Retirement System of Michigan's largest Q1 2021 buy was State Street SPDR Bloomberg Emerging Markets Local Bond ETF: 6,460,691 shares worth $168M.
- Municipal Employees' Retirement System of Michigan added most to iShares JPMorgan USD Emerging Markets Bond ETF in Q1 2021, an estimated $167M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q1 2021 reduction was iShares Core S&P 500 ETF, cutting an estimated $56.4M.
- Municipal Employees' Retirement System of Michigan fully exited iShares Core MSCI Europe ETF in Q1 2021, selling an estimated $30.6M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 87% of its $5.97B portfolio in Q1 2021.
- Municipal Employees' Retirement System of Michigan opened 6 new positions and closed 4 in Q1 2021.
- Municipal Employees' Retirement System of Michigan's portfolio value rose 16% quarter-over-quarter to $5.97B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2021, filed 22 Apr 2021.