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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
-3.33%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.2B
AUM Growth
+$181M
Cap. Flow
+$422M
Cap. Flow %
5.87%
Top 10 Hldgs %
61.68%
Holding
51
New
–
Increased
11
Reduced
11
Closed
2

Top Buys

Rank Stock Value
1
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$192M
2
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$167M
3
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$166M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$105M
5
MBB icon
iShares MBS ETF
MBB
+$73.3M

Top Sells

Rank Stock Value
1
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$105M
2
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$74.6M
3
EWJV icon
iShares MSCI Japan Value ETF
EWJV
+$46.5M
4
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$38.8M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$35.7M

Sector Composition

Rank Sector Weight
1 Materials 0.45%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USHY icon
51
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
– –
-1,012,438
Closed -$35.7M
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 Q3 2023 Portfolio in Review

As of Q3 2023, Municipal Employees' Retirement System of Michigan held 51 positions worth $7.2B, up 2.6% from $7.01B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $422M of net new capital in Q3 2023, adding to 11 existing holdings.

By sector, the portfolio is most concentrated in Materials at 0.45% of assets, up from 0.33% a quarter earlier, followed by Consumer Discretionary.

On the sell side, the largest reduction was Invesco S&P 500 QVM Multi-factor ETF, an estimated $105M trimmed.

  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Long Term Treasury ETF in Q3 2023, an estimated $192M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2023 reduction was Invesco S&P 500 QVM Multi-factor ETF, cutting an estimated $105M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares Broad USD High Yield Corporate Bond ETF in Q3 2023, selling an estimated $35.7M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 62% of its $7.2B portfolio in Q3 2023.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 2 in Q3 2023.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 2.6% quarter-over-quarter to $7.2B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2023, filed 6 Nov 2023.