We are live on ! Find out more
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
-3.31%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.26B
AUM Growth
-$329M
Cap. Flow
-$64.7M
Cap. Flow %
-0.89%
Top 10 Hldgs %
71.17%
Holding
50
New
1
Increased
8
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
SCHP icon
Schwab US TIPS ETF
SCHP
+$409M
2
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$7.38M
3
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
+$4.04M
4
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$2.66M
5
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$1.16M

Top Sells

Rank Stock Value
1
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$205M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$196M
3
VGLT icon
Vanguard Long-Term Treasury ETF
VGLT
+$44.3M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$29.4M
5
RING icon
iShares MSCI Global Gold Miners ETF
RING
+$11.1M

Sector Composition

Rank Sector Weight
1 Materials 1.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XFIV icon
26
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$33.8M 0.47%
704,064
– –
XLE icon
27
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$33.6M 0.46%
784,870
+162,414
+26% +$7.38M
SPHY icon
28
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$12B
$30.2M 0.42%
1,287,376
+49,100
+4% +$1.16M
XHLF icon
29
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
$1.99B
$22.5M 0.31%
448,334
– –
XTWO icon
30
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$210M
$20.4M 0.28%
416,558
– –
XTRE icon
31
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
XTRE
$165M
$19.6M 0.27%
402,313
– –
XSVN icon
32
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
XSVN
$391M
$18.7M 0.26%
403,857
– –
XTEN icon
33
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
XTEN
$1.04B
$18.1M 0.25%
403,452
– –
XTWY icon
34
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
XTWY
$245M
$16.2M 0.22%
420,244
– –
VGSH icon
35
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$14.5M 0.2%
249,183
-3,351,994
-93% -$196M
SPYM
36
State Street SPDR Portfolio S&P 500 ETF
SPYM
$168B
$13M 0.18%
188,205
– –
STIP icon
37
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$12.2M 0.17%
121,200
+774
+0.6% +$78K
XB icon
38
BondBloxx B-Rated USD High Yield Corporate Bond ETF
XB
$72.3M
$10.5M 0.14%
266,860
– –
SPDW icon
39
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.9B
$9.43M 0.13%
276,169
– –
SPSB icon
40
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$6.81M 0.09%
228,061
-31,648
-12% -$949K
SPIB icon
41
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$5.65M 0.08%
172,439
+13,380
+8% +$443K
XCCC icon
42
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF
XCCC
$268M
$4.76M 0.07%
121,654
– –
SPEM icon
43
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$17.7B
$4.11M 0.06%
107,144
-2,912
-3% -$117K
MBB icon
44
iShares MBS ETF
MBB
$39B
$4.03M 0.06%
43,971
-36,128
-45% -$3.36M
VGLT icon
45
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
$3.49M 0.05%
63,048
-764,623
-92% -$44.3M
IJR icon
46
iShares Core S&P Small-Cap ETF
IJR
$112B
$2.39M 0.03%
20,736
– –
HYBB icon
47
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$2.01M 0.03%
43,716
+15,206
+53% +$708K
SPMD icon
48
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$19B
$1.47M 0.02%
26,947
– –
SPSM icon
49
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.5B
$748K 0.01%
16,642
– –
VGIT icon
50
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
– –
-3,390,733
Closed -$205M
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 Q4 2024 Portfolio in Review

As of Q4 2024, Municipal Employees' Retirement System of Michigan held 50 positions worth $7.26B, down 4.3% from $7.58B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Trading was light in Q4 2024: portfolio turnover was 4%. Municipal Employees' Retirement System of Michigan opened 1 new position and exited 1, leaving the 50-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 1.2% of assets, down from 1.2% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan's largest Q4 2024 buy was Schwab US TIPS ETF: 15,565,679 shares worth $402M.
  • Municipal Employees' Retirement System of Michigan added most to State Street Energy Select Sector SPDR ETF in Q4 2024, an estimated $7.38M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2024 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $196M.
  • Municipal Employees' Retirement System of Michigan fully exited Vanguard Intermediate-Term Treasury ETF in Q4 2024, selling an estimated $205M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 71% of its $7.26B portfolio in Q4 2024.
  • Municipal Employees' Retirement System of Michigan opened 1 new position and closed 1 in Q4 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 4.3% quarter-over-quarter to $7.26B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2024, filed 10 Feb 2025.