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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
-6.06%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$5.6B
AUM Growth
+$183M
Cap. Flow
+$549M
Cap. Flow %
9.8%
Top 10 Hldgs %
72.3%
Holding
47
New
9
Increased
10
Reduced
5
Closed
–

Top Buys

Rank Stock Value
1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$193M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
+$176M
3
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$170M
4
XTWO icon
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
+$34.9M
5
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$33.8M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$91.9M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$60.5M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$41.8M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$399
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$151

Sector Composition

Rank Sector Weight
1 Materials 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USHY icon
26
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
$34M 0.61%
1,012,438
– –
XONE icon
27
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$844M
$33.8M 0.6%
+676,914
New +$33.8M
IEUR icon
28
iShares Core MSCI Europe ETF
IEUR
$9.14B
$27M 0.48%
682,819
– –
IJR icon
29
iShares Core S&P Small-Cap ETF
IJR
$112B
$22.5M 0.4%
257,838
– –
XLE icon
30
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$21.7M 0.39%
602,760
-4
-0% -$151
XHLF icon
31
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.99B
$20M 0.36%
+400,025
New +$20M
XTRE icon
32
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
$19.8M 0.35%
+402,313
New +$19.9M
XFIV icon
33
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$19.6M 0.35%
+403,403
New +$19.8M
XSVN icon
34
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$391M
$19.5M 0.35%
+403,857
New +$19.7M
XTEN icon
35
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
$19.3M 0.35%
+403,452
New +$19.6M
XTWY icon
36
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$245M
$18.9M 0.34%
+400,560
New +$19.5M
GATO
37
DELISTED
Gatos Silver, Inc.
GATO
$16.6M 0.3%
6,205,259
– –
STIP icon
38
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$11.2M 0.2%
116,160
+368
+0.3% +$36.9K
XB icon
39
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.3M
$9.93M 0.18%
266,860
– –
GDXJ icon
40
VanEck Junior Gold Miners ETF
GDXJ
$8.59B
$8.25M 0.15%
280,096
– –
SPSB icon
41
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$5.53M 0.1%
189,378
– –
XCCC icon
42
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$268M
$4.5M 0.08%
121,654
– –
SGOV icon
43
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$4.45M 0.08%
44,355
– –
SPIB icon
44
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$4.01M 0.07%
128,195
– –
SPTL icon
45
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$3.27M 0.06%
110,497
– –
HYBB icon
46
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$1.88M 0.03%
43,756
– –
LEMB icon
47
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
$1K ﹤0.01%
28
– –
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 Q3 2022 Portfolio in Review

As of Q3 2022, Municipal Employees' Retirement System of Michigan held 47 positions worth $5.6B, up 3.4% from $5.42B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $549M of net new capital in Q3 2022, opening 9 new positions and adding to 10 existing holdings. Its largest new stake was BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF: 4,403,623 shares worth $167M.

By sector, the portfolio is most concentrated in Materials at 0.3% of assets, down from 0.33% a quarter earlier.

On the sell side, the largest reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, an estimated $91.9M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2022 buy was BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF: 4,403,623 shares worth $167M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core MSCI Emerging Markets ETF in Q3 2022, an estimated $193M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2022 reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, cutting an estimated $91.9M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 72% of its $5.6B portfolio in Q3 2022.
  • Municipal Employees' Retirement System of Michigan opened 9 new positions and closed 0 in Q3 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.4% quarter-over-quarter to $5.6B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2022, filed 14 Nov 2022.