Municipal Employees' Retirement System of Michigan Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core MSCI Emerging Markets ETF
IEMG
|
+$233M |
| 2 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$110M |
| 3 |
Invesco S&P 500 QVM Multi-factor ETF
QVML
|
+$2.15M |
| 4 |
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
|
+$1.73M |
| 5 |
QVMM
Invesco QQQ Trust Series 1
QVMM
|
+$585K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core S&P 500 ETF
IVV
|
+$942M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$229M |
| 3 |
JPMorgan BetaBuilders Japan ETF
BBJP
|
+$133M |
| 4 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$128M |
| 5 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 1.21% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
| $4.78M | 0.08% |
115,773
| – | – |
|
27
Vanguard FTSE Europe ETF
VGK
$31B
| $294K | ﹤0.01% |
4,486
-715,878
| -99% | -$49M |
|
|
28
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
| – | – |
-1,105,412
| Closed | -$128M |
|
29
MillerKnoll
MLKN
$1.64B
| – | – |
-102
| Closed | -$5K |
|
30
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-5,314
| Closed | -$2.27M |
|
Similar funds
Municipal Employees' Retirement System of Michigan's Q3 2021 Portfolio in Review
As of Q3 2021, Municipal Employees' Retirement System of Michigan held 30 positions worth $5.99B, down 19% from $7.38B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Municipal Employees' Retirement System of Michigan withdrew a net $1.34B in Q3 2021, closing 3 positions and reducing 9 holdings. Its most notable exit was iShares 7-10 Year Treasury Bond ETF, an estimated $128M position sold in full.
By sector, the portfolio is most concentrated in Materials at 1.2% of assets, down from 1.5% a quarter earlier, followed by Consumer Discretionary.
Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Vanguard Short-Term Treasury ETF worth $110M.
- Municipal Employees' Retirement System of Michigan's largest Q3 2021 buy was Vanguard Short-Term Treasury ETF: 1,790,364 shares worth $110M.
- Municipal Employees' Retirement System of Michigan added most to iShares Core MSCI Emerging Markets ETF in Q3 2021, an estimated $233M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q3 2021 reduction was iShares Core S&P 500 ETF, cutting an estimated $942M.
- Municipal Employees' Retirement System of Michigan fully exited iShares 7-10 Year Treasury Bond ETF in Q3 2021, selling an estimated $128M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 85% of its $5.99B portfolio in Q3 2021.
- Municipal Employees' Retirement System of Michigan opened 1 new position and closed 3 in Q3 2021.
- Municipal Employees' Retirement System of Michigan's portfolio value fell 19% quarter-over-quarter to $5.99B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2021, filed 28 Oct 2021.