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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
+1.55%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$5.97B
AUM Growth
+$836M
Cap. Flow
+$736M
Cap. Flow %
12.33%
Top 10 Hldgs %
86.93%
Holding
31
New
6
Increased
13
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
EBND icon
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
+$176M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$167M
3
IEF icon
iShares 7-10 Year Treasury Bond ETF
IEF
+$129M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$79.7M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$79.1M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$56.4M
2
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$50.1M
3
IJR icon
iShares Core S&P Small-Cap ETF
IJR
+$47.9M
4
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$30.6M
5
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$22.3M

Sector Composition

Rank Sector Weight
1 Materials 1.04%
2 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$2.05B 34.33%
5,148,099
-145,708
-3% -$56.4M
SPTS icon
2
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$785M 13.16%
25,603,639
+2,578,588
+11% +$79.1M
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$646M 10.83%
20,134,895
+2,132,196
+12% +$69.5M
IJH icon
4
iShares Core S&P Mid-Cap ETF
IJH
$128B
$452M 7.58%
8,691,155
-1,003,685
-10% -$50.1M
EMB icon
5
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$414M 6.93%
3,798,039
+1,494,483
+65% +$167M
BBJP icon
6
JPMorgan BetaBuilders Japan ETF
BBJP
$19.1B
$204M 3.41%
3,576,195
– –
IEMG icon
7
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$186M 3.11%
2,882,866
+572,097
+25% +$37.6M
EBND icon
8
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$168M 2.82%
+6,460,691
New +$176M
TLT icon
9
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$147M 2.46%
1,084,464
+550,055
+103% +$79.7M
SPTL icon
10
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$136M 2.29%
3,501,485
+1,419,318
+68% +$59M
VGK icon
11
Vanguard FTSE Europe ETF
VGK
$31B
$132M 2.21%
2,089,281
+9,100
+0.4% +$566K
IEF icon
12
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
$125M 2.09%
+1,105,412
New +$129M
MBB icon
13
iShares MBS ETF
MBB
$39B
$87.2M 1.46%
804,040
+350,029
+77% +$38.3M
PICK icon
14
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$67.9M 1.14%
1,611,938
-9,955
-0.6% -$406K
GATO
15
DELISTED
Gatos Silver, Inc.
GATO
$61.9M 1.04%
6,205,259
– –
USHY icon
16
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
$57.2M 0.96%
1,389,392
-542,927
-28% -$22.3M
LEMB icon
17
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
$50.4M 0.85%
+1,185,958
New +$52.4M
HYBB icon
18
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$38.8M 0.65%
752,449
+251,628
+50% +$13M
FALN icon
19
iShares Fallen Angels USD Bond ETF
FALN
$1.6B
$27.4M 0.46%
935,987
+6,614
+0.7% +$194K
IJR icon
20
iShares Core S&P Small-Cap ETF
IJR
$112B
$26.8M 0.45%
247,276
-457,413
-65% -$47.9M
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$26.7M 0.45%
977,753
+219,298
+29% +$6.26M
STIP icon
22
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$22.3M 0.37%
210,897
+108,351
+106% +$11.4M
SPIB icon
23
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$19.9M 0.33%
+548,963
New +$20.1M
XLE icon
24
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$19M 0.32%
772,596
-172,204
-18% -$3.97M
SPSB icon
25
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.8B
$11.5M 0.19%
+366,210
New +$11.5M
1
2

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
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SUT
SC US (TTGP) Menlo Park, California $9.25B AUM 20.49% 1-Year Est. Return
MU
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2021 Portfolio in Review

As of Q1 2021, Municipal Employees' Retirement System of Michigan held 31 positions worth $5.97B, up 16% from $5.13B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $736M of net new capital in Q1 2021, opening 6 new positions and adding to 13 existing holdings. Its largest new stake was State Street SPDR Bloomberg Emerging Markets Local Bond ETF: 6,460,691 shares worth $168M.

By sector, the portfolio is most concentrated in Materials at 1% of assets, down from 1.6% a quarter earlier, followed by Consumer Discretionary.

On the sell side, the largest reduction was iShares Core S&P 500 ETF, an estimated $56.4M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2021 buy was State Street SPDR Bloomberg Emerging Markets Local Bond ETF: 6,460,691 shares worth $168M.
  • Municipal Employees' Retirement System of Michigan added most to iShares JPMorgan USD Emerging Markets Bond ETF in Q1 2021, an estimated $167M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2021 reduction was iShares Core S&P 500 ETF, cutting an estimated $56.4M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares Core MSCI Europe ETF in Q1 2021, selling an estimated $30.6M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 87% of its $5.97B portfolio in Q1 2021.
  • Municipal Employees' Retirement System of Michigan opened 6 new positions and closed 4 in Q1 2021.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 16% quarter-over-quarter to $5.97B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2021, filed 22 Apr 2021.