Municipal Employees' Retirement System of Michigan Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco S&P 500 QVM Multi-factor ETF
QVML
|
+$751M |
| 2 |
QVMM
Invesco QQQ Trust Series 1
QVMM
|
+$200M |
| 3 |
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
|
+$179M |
| 4 |
JPMorgan BetaBuilders Japan ETF
BBJP
|
+$161M |
| 5 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$128M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
|
+$135M |
| 2 |
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
|
+$95.3M |
| 3 |
Vanguard FTSE Europe ETF
VGK
|
+$92.4M |
| 4 |
iShares Broad USD High Yield Corporate Bond ETF
USHY
|
+$57.2M |
| 5 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$35.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 1.47% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
| $6.42M | 0.09% |
205,085
-161,125
| -44% | -$5.04M |
|
|
27
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $4.78M | 0.06% |
115,773
-3,385,712
| -97% | -$135M |
|
28
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.27M | 0.03% |
5,314
+16
| +0.3% | +$6.68K |
|
29
MillerKnoll
MLKN
$1.64B
| $5K | ﹤0.01% |
+102
| New | +$4.62K |
|
30
iShares Fallen Angels USD Bond ETF
FALN
$1.6B
| – | – |
-935,987
| Closed | -$27.4M |
|
|
31
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
| – | – |
-1,389,392
| Closed | -$57.2M |
|
32
Vanguard Emerging Markets Government Bond ETF
VWOB
$6.23B
| – | – |
-57,658
| Closed | -$4.47M |
|
Similar funds
Municipal Employees' Retirement System of Michigan's Q2 2021 Portfolio in Review
As of Q2 2021, Municipal Employees' Retirement System of Michigan held 32 positions worth $7.38B, up 24% from $5.97B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Municipal Employees' Retirement System of Michigan deployed $1.12B of net new capital in Q2 2021, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was Invesco S&P 500 QVM Multi-factor ETF: 29,976,019 shares worth $751M.
By sector, the portfolio is most concentrated in Materials at 1.5% of assets, up from 1% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR Portfolio Long Term Treasury ETF, an estimated $135M trimmed.
- Municipal Employees' Retirement System of Michigan's largest Q2 2021 buy was Invesco S&P 500 QVM Multi-factor ETF: 29,976,019 shares worth $751M.
- Municipal Employees' Retirement System of Michigan added most to JPMorgan BetaBuilders Japan ETF in Q2 2021, an estimated $161M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q2 2021 reduction was State Street SPDR Portfolio Long Term Treasury ETF, cutting an estimated $135M.
- Municipal Employees' Retirement System of Michigan fully exited iShares Broad USD High Yield Corporate Bond ETF in Q2 2021, selling an estimated $57.2M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 85% of its $7.38B portfolio in Q2 2021.
- Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 3 in Q2 2021.
- Municipal Employees' Retirement System of Michigan's portfolio value rose 24% quarter-over-quarter to $7.38B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2021, filed 2 Jul 2021.