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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
-12.4%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$5.42B
AUM Growth
-$1.05B
Cap. Flow
-$288M
Cap. Flow %
-5.31%
Top 10 Hldgs %
75.52%
Holding
39
New
11
Increased
7
Reduced
15
Closed
1

Top Buys

Rank Stock Value
1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$543M
2
ISVL icon
iShares International Developed Small Cap Value Factor ETF
ISVL
+$144M
3
FLCA icon
Franklin FTSE Canada ETF
FLCA
+$88.4M
4
QVMM
Invesco QQQ Trust Series 1
QVMM
+$59.6M
5
QVMS
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
+$53.6M

Top Sells

Rank Stock Value
1
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
+$400M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$217M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$215M
4
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$198M
5
VGK icon
Vanguard FTSE Europe ETF
VGK
+$89.4M

Sector Composition

Rank Sector Weight
1 Materials 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IJR icon
26
iShares Core S&P Small-Cap ETF
IJR
$113B
$23.8M 0.44%
257,838
– –
XLE icon
27
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$21.6M 0.4%
602,764
-227,608
-27% -$9.13M
GATO
28
DELISTED
Gatos Silver, Inc.
GATO
$17.8M 0.33%
6,205,259
– –
STIP icon
29
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$11.7M 0.22%
115,792
-3,754
-3% -$388K
XB icon
30
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.4M
$10.3M 0.19%
+266,860
New +$10.7M
GDXJ icon
31
VanEck Junior Gold Miners ETF
GDXJ
$8.35B
$8.96M 0.17%
+280,096
New +$11.5M
SPSB icon
32
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$5.63M 0.1%
189,378
-10,838
-5% -$324K
XCCC icon
33
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$269M
$4.67M 0.09%
+121,654
New +$4.87M
SGOV icon
34
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$4.44M 0.08%
+44,355
New +$4.44M
SPIB icon
35
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.6B
$4.18M 0.08%
128,195
-6,191
-5% -$205K
SPTL icon
36
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.8B
$3.65M 0.07%
110,497
+23,324
+27% +$790K
HYBB icon
37
iShares BB Rated Corporate Bond ETF
HYBB
$429M
$1.94M 0.04%
43,756
-190,755
-81% -$8.84M
LEMB icon
38
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$724M
$1K ﹤0.01%
28
-1,232,161
-100% -$43.3M
BBJP icon
39
JPMorgan BetaBuilders Japan ETF
BBJP
$19.2B
– –
-7,890,638
Closed -$400M
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 Q2 2022 Portfolio in Review

As of Q2 2022, Municipal Employees' Retirement System of Michigan held 39 positions worth $5.42B, down 16% from $6.47B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $288M in Q2 2022, closing 1 position and reducing 15 holdings. Its most notable exit was JPMorgan BetaBuilders Japan ETF, an estimated $400M position sold in full.

By sector, the portfolio is most concentrated in Materials at 0.33% of assets, down from 0.41% a quarter earlier.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in iShares Core MSCI Pacific ETF worth $503M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2022 buy was iShares Core MSCI Pacific ETF: 9,683,060 shares worth $503M.
  • Municipal Employees' Retirement System of Michigan added most to Invesco QQQ Trust Series 1 in Q2 2022, an estimated $59.6M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2022 reduction was iShares Core S&P 500 ETF, cutting an estimated $217M.
  • Municipal Employees' Retirement System of Michigan fully exited JPMorgan BetaBuilders Japan ETF in Q2 2022, selling an estimated $400M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 76% of its $5.42B portfolio in Q2 2022.
  • Municipal Employees' Retirement System of Michigan opened 11 new positions and closed 1 in Q2 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 16% quarter-over-quarter to $5.42B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2022, filed 29 Jul 2022.