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MERSOM

Municipal Employees' Retirement System of Michigan Portfolio holdings

AUM $9.05B
1-Year Est. Return 13.04%
This Fund
S&P 500
This Quarter Est. Return
-5.31%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$6.47B
AUM Growth
+$233M
Cap. Flow
+$596M
Cap. Flow %
9.21%
Top 10 Hldgs %
80.82%
Holding
28
New
1
Increased
10
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
VGK icon
Vanguard FTSE Europe ETF
VGK
+$236M
2
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$219M
3
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
+$199M
4
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$72M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$29.2M

Top Sells

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$154M
2
STIP icon
iShares 0-5 Year TIPS Bond ETF
STIP
+$22.7M
3
MBB icon
iShares MBS ETF
MBB
+$14.3M
4
SPIB icon
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
+$1.38M
5
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$982K

Sector Composition

Rank Sector Weight
1 Materials 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPSB icon
26
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$6.03M 0.09%
200,216
-4,869
-2% -$149K
SPIB icon
27
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$4.59M 0.07%
134,386
-39,293
-23% -$1.38M
SPTL icon
28
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$3.3M 0.05%
87,173
-24,937
-22% -$982K
1
2

Similar funds

VAS
Vestmark Advisory Solutions Wakefield, Massachusetts $9.02B AUM 20.58% 1-Year Est. Return
SFM
Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return
AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
HI
Horizon Investments Charlotte, North Carolina $8.92B AUM 25.62% 1-Year Est. Return
PEA
Platinum Equity Advisors Beverly Hills, California $8.88B AUM 27.09% 1-Year Est. Return
SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
Mirova US Boston, Massachusetts $8.81B AUM 21.38% 1-Year Est. Return
WPL
WINDACRE PARTNERSHIP LLC Houston, Texas $9.34B AUM 17.41% 1-Year Est. Return

Municipal Employees' Retirement System of Michigan's Q1 2022 Portfolio in Review

As of Q1 2022, Municipal Employees' Retirement System of Michigan held 28 positions worth $6.47B, up 3.7% from $6.24B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $596M of net new capital in Q1 2022, opening 1 new position and adding to 10 existing holdings. Its largest new stake was Vanguard Intermediate-Term Treasury ETF: 3,390,733 shares worth $213M.

By sector, the portfolio is most concentrated in Materials at 0.41% of assets, down from 1% a quarter earlier.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $154M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2022 buy was Vanguard Intermediate-Term Treasury ETF: 3,390,733 shares worth $213M.
  • Municipal Employees' Retirement System of Michigan added most to Vanguard FTSE Europe ETF in Q1 2022, an estimated $236M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2022 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $154M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 81% of its $6.47B portfolio in Q1 2022.
  • Municipal Employees' Retirement System of Michigan opened 1 new position and closed 0 in Q1 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.7% quarter-over-quarter to $6.47B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2022, filed 5 May 2022.