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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
+4.64%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.38B
AUM Growth
+$1.42B
Cap. Flow
+$1.12B
Cap. Flow %
15.23%
Top 10 Hldgs %
85.47%
Holding
32
New
5
Increased
9
Reduced
10
Closed
3

Top Buys

Rank Stock Value
1
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$751M
2
QVMM
Invesco QQQ Trust Series 1
QVMM
+$200M
3
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$179M
4
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
+$161M
5
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$128M

Top Sells

Rank Stock Value
1
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$135M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$95.3M
3
VGK icon
Vanguard FTSE Europe ETF
VGK
+$92.4M
4
USHY icon
iShares Broad USD High Yield Corporate Bond ETF
USHY
+$57.2M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$35.9M

Sector Composition

Rank Sector Weight
1 Materials 1.47%
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
$2.23B 30.16%
5,177,459
+29,360
+0.6% +$12.3M
SPTI icon
2
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$752M 10.19%
23,226,085
+3,091,190
+15% +$99.9M
QVML icon
3
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$751M 10.18%
+29,976,019
New +$751M
SPTS icon
4
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$749M 10.14%
24,433,260
-1,170,379
-5% -$35.9M
IJH icon
5
iShares Core S&P Mid-Cap ETF
IJH
$128B
$468M 6.35%
8,714,930
+23,775
+0.3% +$1.28M
BBJP icon
6
JPMorgan BetaBuilders Japan ETF
BBJP
$19.1B
$361M 4.9%
6,396,278
+2,820,083
+79% +$161M
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$331M 4.48%
2,941,949
-856,090
-23% -$95.3M
TLT icon
8
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$289M 3.91%
1,999,075
+914,611
+84% +$128M
QVMM
9
Invesco QQQ Trust Series 1
QVMM
$443M
$200M 2.72%
+8,019,246
New +$200M
EMHC icon
10
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$180M 2.45%
+5,852,165
New +$179M
IEMG icon
11
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$178M 2.42%
2,663,576
-219,290
-8% -$14.4M
EBND icon
12
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$158M 2.14%
5,973,624
-487,067
-8% -$12.9M
IEF icon
13
iShares 7-10 Year Treasury Bond ETF
IEF
$47.2B
$128M 1.73%
1,105,412
– –
GATO
14
DELISTED
Gatos Silver, Inc.
GATO
$109M 1.47%
6,205,259
– –
MBB icon
15
iShares MBS ETF
MBB
$39B
$73M 0.99%
674,662
-129,378
-16% -$14M
PICK icon
16
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$72.8M 0.99%
1,611,938
– –
RING icon
17
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$69.2M 0.94%
2,472,074
+1,494,321
+153% +$45.6M
LEMB icon
18
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
$51.8M 0.7%
1,185,958
– –
QVMS
19
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$50.2M 0.68%
+2,006,420
New +$50.2M
VGK icon
20
Vanguard FTSE Europe ETF
VGK
$31B
$48.5M 0.66%
720,364
-1,368,917
-66% -$92.4M
STIP icon
21
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$35.5M 0.48%
334,096
+123,199
+58% +$13.1M
HYBB icon
22
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$29.5M 0.4%
562,918
-189,531
-25% -$9.82M
IJR icon
23
iShares Core S&P Small-Cap ETF
IJR
$112B
$28.8M 0.39%
254,963
+7,687
+3% +$857K
XLE icon
24
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$20.8M 0.28%
772,596
– –
SPIB icon
25
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$6.51M 0.09%
177,379
-371,584
-68% -$13.6M
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
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 Q2 2021 Portfolio in Review

As of Q2 2021, Municipal Employees' Retirement System of Michigan held 32 positions worth $7.38B, up 24% from $5.97B the previous quarter. Its ten largest holdings account for 85% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $1.12B of net new capital in Q2 2021, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was Invesco S&P 500 QVM Multi-factor ETF: 29,976,019 shares worth $751M.

By sector, the portfolio is most concentrated in Materials at 1.5% of assets, up from 1% a quarter earlier, followed by Consumer Discretionary.

On the sell side, the largest reduction was State Street SPDR Portfolio Long Term Treasury ETF, an estimated $135M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2021 buy was Invesco S&P 500 QVM Multi-factor ETF: 29,976,019 shares worth $751M.
  • Municipal Employees' Retirement System of Michigan added most to JPMorgan BetaBuilders Japan ETF in Q2 2021, an estimated $161M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2021 reduction was State Street SPDR Portfolio Long Term Treasury ETF, cutting an estimated $135M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares Broad USD High Yield Corporate Bond ETF in Q2 2021, selling an estimated $57.2M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 85% of its $7.38B portfolio in Q2 2021.
  • Municipal Employees' Retirement System of Michigan opened 5 new positions and closed 3 in Q2 2021.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 24% quarter-over-quarter to $7.38B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2021, filed 2 Jul 2021.