Municipal Employees' Retirement System of Michigan Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Simplify Short Term Treasury Futures Strategy ETF
TUA
|
+$351M |
| 2 |
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
|
+$163M |
| 3 |
JPMorgan BetaBuilders Europe ETF
BBEU
|
+$102M |
| 4 |
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
|
+$52M |
| 5 |
Vanguard Long-Term Treasury ETF
VGLT
|
+$34.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
|
+$233M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$91.7M |
| 3 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$7.5M |
| 4 |
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
|
+$6.3M |
| 5 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$2.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 0.33% |
| 2 | Consumer Discretionary | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
| $1K | ﹤0.01% |
+28
| New | +$1.02K |
|
|
52
iShares 0-3 Month Treasury Bond ETF
SGOV
$101B
| – | – |
-21,994
| Closed | -$2.21M |
|
Similar funds
Municipal Employees' Retirement System of Michigan's Q2 2023 Portfolio in Review
As of Q2 2023, Municipal Employees' Retirement System of Michigan held 52 positions worth $7.01B, up 8.1% from $6.49B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Municipal Employees' Retirement System of Michigan deployed $404M of net new capital in Q2 2023, opening 3 new positions and adding to 12 existing holdings. Its largest new stake was Simplify Short Term Treasury Futures Strategy ETF: 14,296,810 shares worth $324M.
By sector, the portfolio is most concentrated in Materials at 0.33% of assets, down from 0.62% a quarter earlier, followed by Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, an estimated $233M trimmed.
- Municipal Employees' Retirement System of Michigan's largest Q2 2023 buy was Simplify Short Term Treasury Futures Strategy ETF: 14,296,810 shares worth $324M.
- Municipal Employees' Retirement System of Michigan added most to BondBloxx Bloomberg One Year Target Duration US Treasury ETF in Q2 2023, an estimated $163M increase.
- Municipal Employees' Retirement System of Michigan's biggest Q2 2023 reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, cutting an estimated $233M.
- Municipal Employees' Retirement System of Michigan fully exited iShares 0-3 Month Treasury Bond ETF in Q2 2023, selling an estimated $2.21M.
- Municipal Employees' Retirement System of Michigan's ten largest holdings make up 64% of its $7.01B portfolio in Q2 2023.
- Municipal Employees' Retirement System of Michigan opened 3 new positions and closed 1 in Q2 2023.
- Municipal Employees' Retirement System of Michigan's portfolio value rose 8.1% quarter-over-quarter to $7.01B.
Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2023, filed 3 Aug 2023.