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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
-5.31%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$6.47B
AUM Growth
+$233M
Cap. Flow
+$596M
Cap. Flow %
9.21%
Top 10 Hldgs %
80.82%
Holding
28
New
1
Increased
10
Reduced
7
Closed
–

Top Buys

Rank Stock Value
1
VGK icon
Vanguard FTSE Europe ETF
VGK
+$236M
2
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
+$219M
3
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
+$199M
4
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$72M
5
IVV icon
iShares Core S&P 500 ETF
IVV
+$29.2M

Top Sells

Rank Stock Value
1
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$154M
2
STIP icon
iShares 0-5 Year TIPS Bond ETF
STIP
+$22.7M
3
MBB icon
iShares MBS ETF
MBB
+$14.3M
4
SPIB icon
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
+$1.38M
5
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$982K

Sector Composition

Rank Sector Weight
1 Materials 0.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$1.42B 21.88%
3,119,893
+65,196
+2% +$29.2M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$809M 12.5%
30,308,026
+248,620
+0.8% +$6.55M
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$634M 9.8%
20,924,766
– –
SPTS icon
4
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$573M 8.85%
19,320,342
-5,121,149
-21% -$154M
BBJP icon
5
JPMorgan BetaBuilders Japan ETF
BBJP
$19.1B
$400M 6.19%
7,890,638
+3,795,099
+93% +$199M
IEMG icon
6
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$373M 5.77%
6,718,056
+240,970
+4% +$13.9M
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$342M 5.28%
3,493,894
+711,096
+26% +$72M
IJH icon
8
iShares Core S&P Mid-Cap ETF
IJH
$128B
$240M 3.71%
4,470,810
– –
VGK icon
9
Vanguard FTSE Europe ETF
VGK
$31B
$230M 3.55%
3,690,686
+3,686,156
+81,372% +$236M
VGIT icon
10
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$213M 3.3%
+3,390,733
New +$219M
TLT icon
11
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$206M 3.19%
1,561,218
– –
QVMM
12
Invesco QQQ Trust Series 1
QVMM
$443M
$201M 3.11%
8,068,531
– –
EMHC icon
13
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$160M 2.47%
6,037,508
+24,245
+0.4% +$668K
EBND icon
14
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$126M 1.94%
5,528,911
+407,830
+8% +$9.63M
VGSH icon
15
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$106M 1.64%
1,790,364
– –
PICK icon
16
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$86.7M 1.34%
1,693,132
+7,748
+0.5% +$361K
RING icon
17
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$82.1M 1.27%
2,644,770
+121,649
+5% +$3.41M
MBB icon
18
iShares MBS ETF
MBB
$39B
$54.7M 0.85%
537,146
-136,878
-20% -$14.3M
QVMS
19
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$49.1M 0.76%
2,019,688
– –
LEMB icon
20
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$722M
$45.5M 0.7%
1,232,189
– –
XLE icon
21
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$31.7M 0.49%
830,372
– –
IJR icon
22
iShares Core S&P Small-Cap ETF
IJR
$112B
$27.8M 0.43%
257,838
– –
GATO
23
DELISTED
Gatos Silver, Inc.
GATO
$26.8M 0.41%
6,205,259
– –
STIP icon
24
iShares 0-5 Year TIPS Bond ETF
STIP
$15.9B
$12.5M 0.19%
119,546
-215,331
-64% -$22.7M
HYBB icon
25
iShares BB Rated Corporate Bond ETF
HYBB
$428M
$11.4M 0.18%
234,511
-7,157
-3% -$355K
1
2

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VAS
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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
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WPL
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Municipal Employees' Retirement System of Michigan's Q1 2022 Portfolio in Review

As of Q1 2022, Municipal Employees' Retirement System of Michigan held 28 positions worth $6.47B, up 3.7% from $6.24B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $596M of net new capital in Q1 2022, opening 1 new position and adding to 10 existing holdings. Its largest new stake was Vanguard Intermediate-Term Treasury ETF: 3,390,733 shares worth $213M.

By sector, the portfolio is most concentrated in Materials at 0.41% of assets, down from 1% a quarter earlier.

On the sell side, the largest reduction was State Street SPDR Portfolio Short Term Treasury ETF, an estimated $154M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q1 2022 buy was Vanguard Intermediate-Term Treasury ETF: 3,390,733 shares worth $213M.
  • Municipal Employees' Retirement System of Michigan added most to Vanguard FTSE Europe ETF in Q1 2022, an estimated $236M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2022 reduction was State Street SPDR Portfolio Short Term Treasury ETF, cutting an estimated $154M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 81% of its $6.47B portfolio in Q1 2022.
  • Municipal Employees' Retirement System of Michigan opened 1 new position and closed 0 in Q1 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.7% quarter-over-quarter to $6.47B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2022, filed 5 May 2022.