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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
+4.17%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.76B
AUM Growth
+$281M
Cap. Flow
-$29.6M
Cap. Flow %
-0.38%
Top 10 Hldgs %
66.48%
Holding
46
New
–
Increased
12
Reduced
13
Closed
1

Top Buys

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$577M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$247M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$126M
4
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$69.8M
5
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
+$24.5M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$390M
2
TUA icon
Simplify Short Term Treasury Futures Strategy ETF
TUA
+$356M
3
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$105M
4
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$64.1M
5
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$52.7M

Sector Composition

Rank Sector Weight
1 Materials 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GATO
26
DELISTED
Gatos Silver, Inc.
GATO
$52.1M 0.67%
6,205,259
– –
VGLT icon
27
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
$48.7M 0.63%
822,619
-2,508
-0.3% -$148K
BBAX icon
28
JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF
BBAX
$6.8B
$43.8M 0.56%
910,009
– –
XBB icon
29
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$40.1M 0.52%
996,434
– –
XLE icon
30
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$34.6M 0.45%
733,810
+261,206
+55% +$11.2M
XFIV icon
31
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$34.1M 0.44%
704,064
– –
XHLF icon
32
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.99B
$22.1M 0.28%
438,334
-1,275,821
-74% -$64.1M
XTWO icon
33
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$210M
$20.4M 0.26%
416,558
-728,155
-64% -$35.8M
XTRE icon
34
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
$19.7M 0.25%
402,313
– –
XSVN icon
35
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$391M
$19.2M 0.25%
403,857
– –
XTEN icon
36
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
$18.8M 0.24%
403,452
– –
XTWY icon
37
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$245M
$17.8M 0.23%
420,244
– –
TUA icon
38
Simplify Short Term Treasury Futures Strategy ETF
TUA
$659M
$13.9M 0.18%
634,568
-15,900,379
-96% -$356M
STIP icon
39
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$10.9M 0.14%
109,359
+1,013
+0.9% +$100K
XB icon
40
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.3M
$10.6M 0.14%
266,860
– –
SPSB icon
41
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$7.14M 0.09%
239,775
– –
SPIB icon
42
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$4.91M 0.06%
150,225
+3,057
+2% +$99.7K
XCCC icon
43
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$268M
$4.74M 0.06%
121,654
– –
IJR icon
44
iShares Core S&P Small-Cap ETF
IJR
$112B
$2.29M 0.03%
20,735
-245,983
-92% -$26.1M
HYBB icon
45
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$1.42M 0.02%
30,699
– –
GDXJ icon
46
VanEck Junior Gold Miners ETF
GDXJ
$8.59B
– –
-234,159
Closed -$8.88M
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 2024 Portfolio in Review

As of Q1 2024, Municipal Employees' Retirement System of Michigan held 46 positions worth $7.76B, up 3.8% from $7.48B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 2.2%. Municipal Employees' Retirement System of Michigan opened no new positions and exited 1, leaving the 46-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 0.67% of assets, up from 0.54% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2024, an estimated $577M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $390M.
  • Municipal Employees' Retirement System of Michigan fully exited VanEck Junior Gold Miners ETF in Q1 2024, selling an estimated $8.88M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 66% of its $7.76B portfolio in Q1 2024.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 1 in Q1 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.8% quarter-over-quarter to $7.76B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2024, filed 17 Apr 2024.