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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
LEMB icon
51
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
– –
-28
Closed -$1K
1 2
3

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SFM
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AI
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HI
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PEA
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SUT
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MU
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WPL
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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.