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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
+4.69%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$6.49B
AUM Growth
+$291M
Cap. Flow
+$5.31M
Cap. Flow %
0.08%
Top 10 Hldgs %
63.92%
Holding
51
New
5
Increased
17
Reduced
13
Closed
2

Top Buys

Rank Stock Value
1
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$153M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$147M
3
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$139M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$121M
5
EWJV icon
iShares MSCI Japan Value ETF
EWJV
+$119M

Top Sells

Rank Stock Value
1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$388M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$153M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
+$95.3M
4
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$89.2M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$83.6M

Sector Composition

Rank Sector Weight
1 Materials 0.62%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GATO
26
DELISTED
Gatos Silver, Inc.
GATO
$40.5M 0.62%
6,205,259
– –
XBB icon
27
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$39.6M 0.61%
996,434
– –
USHY icon
28
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
$36M 0.55%
1,012,438
– –
XLE icon
29
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$35.2M 0.54%
849,630
+189,070
+29% +$8.08M
XFIV icon
30
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$35.2M 0.54%
704,064
+300,661
+75% +$14.8M
XHLF icon
31
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.99B
$34.1M 0.53%
678,299
+278,274
+70% +$14M
MBB icon
32
iShares MBS ETF
MBB
$39B
$26.1M 0.4%
275,509
-260,086
-49% -$24.6M
IJR icon
33
iShares Core S&P Small-Cap ETF
IJR
$112B
$24.9M 0.38%
257,838
– –
XTWY icon
34
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$245M
$20.5M 0.32%
420,244
+19,684
+5% +$945K
XSVN icon
35
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$391M
$20.1M 0.31%
403,857
– –
XTRE icon
36
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
$20.1M 0.31%
402,313
– –
XTEN icon
37
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
$20.1M 0.31%
403,452
– –
STIP icon
38
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$15.5M 0.24%
156,176
+40,016
+34% +$3.91M
VGLT icon
39
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
$15.4M 0.24%
+235,081
New +$15.2M
XB icon
40
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.3M
$10.4M 0.16%
266,860
– –
GDXJ icon
41
VanEck Junior Gold Miners ETF
GDXJ
$8.59B
$9.25M 0.14%
234,159
-45,937
-16% -$1.7M
SPSB icon
42
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$5.54M 0.09%
186,869
-2,509
-1% -$74K
HYG icon
43
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$5.09M 0.08%
67,440
-472,007
-87% -$35.4M
SPIB icon
44
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$4.61M 0.07%
141,978
+19,985
+16% +$645K
XCCC icon
45
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$268M
$4.57M 0.07%
121,654
– –
SPTL icon
46
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$2.58M 0.04%
83,381
– –
SGOV icon
47
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
$2.21M 0.03%
21,994
-22,361
-50% -$2.24M
HYBB icon
48
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$1.66M 0.03%
36,439
+1,948
+6% +$87.4K
MLKN icon
49
MillerKnoll
MLKN
$1.64B
$2K ﹤0.01%
+102
New +$2.29K
EBND icon
50
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
– –
-3,224,783
Closed -$66.3M
1
2
3

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 2023 Portfolio in Review

As of Q1 2023, Municipal Employees' Retirement System of Michigan held 51 positions worth $6.49B, up 4.7% from $6.19B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q1 2023 filing shows 5 new, 17 increased, 13 reduced and 2 closed positions. Its largest new stake was State Street SPDR Portfolio High Yield Bond ETF: 6,696,428 shares worth $154M. The largest sale was iShares Core MSCI Pacific ETF, an estimated $388M.

By sector, the portfolio is most concentrated in Materials at 0.62% of assets, up from 0.41% a quarter earlier, followed by Consumer Discretionary.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2023 buy was State Street SPDR Portfolio High Yield Bond ETF: 6,696,428 shares worth $154M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core S&P 500 ETF in Q1 2023, an estimated $147M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2023 reduction was iShares Core MSCI Pacific ETF, cutting an estimated $388M.
  • Municipal Employees' Retirement System of Michigan fully exited State Street SPDR Bloomberg Emerging Markets Local Bond ETF in Q1 2023, selling an estimated $66.3M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 64% of its $6.49B portfolio in Q1 2023.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 2 in Q1 2023.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 4.7% quarter-over-quarter to $6.49B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2023, filed 4 May 2023.