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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
+0.47%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.21B
AUM Growth
-$553M
Cap. Flow
-$578M
Cap. Flow %
-8.01%
Top 10 Hldgs %
67.97%
Holding
51
New
6
Increased
11
Reduced
12
Closed
2

Top Buys

Rank Stock Value
1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$106M
2
MTBA icon
Simplify MBS ETF
MTBA
+$60.4M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
+$57.8M
4
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$30.8M
5
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
+$12.6M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$237M
2
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$166M
3
EWJV icon
iShares MSCI Japan Value ETF
EWJV
+$101M
4
MBB icon
iShares MBS ETF
MBB
+$90.3M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$55.3M

Sector Composition

Rank Sector Weight
1 Materials 0.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TUA icon
51
Simplify Short Term Treasury Futures Strategy ETF
TUA
$659M
– –
-634,568
Closed -$13.9M
1 2
3

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SFM
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AI
Ariel Investments Chicago, Illinois $8.93B AUM 29.58% 1-Year Est. Return
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 Q2 2024 Portfolio in Review

As of Q2 2024, Municipal Employees' Retirement System of Michigan held 51 positions worth $7.21B, down 7.1% from $7.76B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $578M in Q2 2024, closing 2 positions and reducing 12 holdings. Its most notable exit was iShares MSCI Japan Value ETF, an estimated $101M position sold in full.

By sector, the portfolio is most concentrated in Materials at 0.9% of assets, up from 0.67% a quarter earlier.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in Simplify MBS ETF worth $60.4M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2024 buy was Simplify MBS ETF: 1,198,715 shares worth $60.4M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core MSCI Pacific ETF in Q2 2024, an estimated $106M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $237M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares MSCI Japan Value ETF in Q2 2024, selling an estimated $101M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 68% of its $7.21B portfolio in Q2 2024.
  • Municipal Employees' Retirement System of Michigan opened 6 new positions and closed 2 in Q2 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 7.1% quarter-over-quarter to $7.21B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2024, filed 5 Aug 2024.