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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
+1%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.9B
AUM Growth
+$643M
Cap. Flow
+$615M
Cap. Flow %
7.78%
Top 10 Hldgs %
74.71%
Holding
51
New
2
Increased
12
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$266M
2
XBB icon
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
+$210M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
+$186M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$131M
5
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$110M

Top Sells

Rank Stock Value
1
ISVL icon
iShares International Developed Small Cap Value Factor ETF
ISVL
+$158M
2
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$154M
3
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$138M
4
GATO
Gatos Silver, Inc.
GATO
+$86.8M
5
MTBA icon
Simplify MBS ETF
MTBA
+$38M

Sector Composition

Rank Sector Weight
1 Materials 0.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GATO
51
DELISTED
Gatos Silver, Inc.
GATO
– –
-6,205,259
Closed -$86.8M
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 2025 Portfolio in Review

As of Q1 2025, Municipal Employees' Retirement System of Michigan held 51 positions worth $7.9B, up 8.9% from $7.26B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $615M of net new capital in Q1 2025, opening 2 new positions and adding to 12 existing holdings. Its largest new stake was First Majestic Silver: 7,123,410 shares worth $47.7M.

By sector, the portfolio is most concentrated in Materials at 0.6% of assets, down from 1.2% a quarter earlier.

On the sell side, the largest reduction was Simplify MBS ETF, an estimated $38M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2025 buy was First Majestic Silver: 7,123,410 shares worth $47.7M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2025, an estimated $266M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2025 reduction was Simplify MBS ETF, cutting an estimated $38M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares International Developed Small Cap Value Factor ETF in Q1 2025, selling an estimated $158M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 75% of its $7.9B portfolio in Q1 2025.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 5 in Q1 2025.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 8.9% quarter-over-quarter to $7.9B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2025, filed 7 May 2025.