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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
-12.4%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$5.42B
AUM Growth
-$1.05B
Cap. Flow
-$288M
Cap. Flow %
-5.31%
Top 10 Hldgs %
75.52%
Holding
39
New
11
Increased
7
Reduced
15
Closed
1

Top Buys

Rank Stock Value
1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$543M
2
ISVL icon
iShares International Developed Small Cap Value Factor ETF
ISVL
+$144M
3
FLCA icon
Franklin FTSE Canada ETF
FLCA
+$88.4M
4
QVMM
Invesco QQQ Trust Series 1
QVMM
+$59.6M
5
QVMS
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
+$53.6M

Top Sells

Rank Stock Value
1
BBJP icon
JPMorgan BetaBuilders Japan ETF
BBJP
+$400M
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$217M
3
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$215M
4
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$198M
5
VGK icon
Vanguard FTSE Europe ETF
VGK
+$89.4M

Sector Composition

Rank Sector Weight
1 Materials 0.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$983M 18.13%
2,592,114
-527,779
-17% -$217M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$690M 12.73%
30,524,224
+216,198
+0.7% +$5.29M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$2.78B
$503M 9.29%
+9,683,060
New +$543M
SPTI icon
4
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$402M 7.42%
13,642,882
-7,281,884
-35% -$215M
SPTS icon
5
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$372M 6.86%
12,617,679
-6,702,663
-35% -$198M
IEMG icon
6
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$285M 5.26%
5,813,266
-904,790
-13% -$46.8M
QVMM
7
Invesco QQQ Trust Series 1
QVMM
$443M
$225M 4.14%
10,660,518
+2,591,987
+32% +$59.6M
EMB icon
8
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$224M 4.13%
2,621,496
-872,398
-25% -$78.9M
VGIT icon
9
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$207M 3.83%
3,390,733
– –
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$128B
$202M 3.73%
4,470,810
– –
TLT icon
11
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$184M 3.39%
1,601,555
+40,337
+3% +$4.75M
ISVL icon
12
iShares International Developed Small Cap Value Factor ETF
ISVL
$332M
$130M 2.4%
+4,525,283
New +$144M
VGK icon
13
Vanguard FTSE Europe ETF
VGK
$31B
$114M 2.09%
2,149,063
-1,541,623
-42% -$89.4M
VGSH icon
14
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$105M 1.94%
1,790,364
– –
EMHC icon
15
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$100M 1.85%
4,321,486
-1,716,022
-28% -$42.1M
QVMS
16
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$92.5M 1.71%
4,394,681
+2,374,993
+118% +$53.6M
PICK icon
17
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$84.1M 1.55%
2,362,170
+669,038
+40% +$29.8M
FLCA icon
18
Franklin FTSE Canada ETF
FLCA
$860M
$80.8M 1.49%
+2,646,280
New +$88.4M
EBND icon
19
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$65.9M 1.22%
3,224,783
-2,304,128
-42% -$49.1M
RING icon
20
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$57.9M 1.07%
2,659,227
+14,457
+0.5% +$392K
MBB icon
21
iShares MBS ETF
MBB
$39B
$49.9M 0.92%
511,755
-25,391
-5% -$2.49M
HYG icon
22
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$39.7M 0.73%
+539,447
New +$41.9M
XBB icon
23
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$38.5M 0.71%
+996,434
New +$39.7M
USHY icon
24
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
$35.1M 0.65%
+1,012,438
New +$37.1M
IEUR icon
25
iShares Core MSCI Europe ETF
IEUR
$9.14B
$30.7M 0.57%
+682,819
New +$33.7M
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 2022 Portfolio in Review

As of Q2 2022, Municipal Employees' Retirement System of Michigan held 39 positions worth $5.42B, down 16% from $6.47B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Municipal Employees' Retirement System of Michigan withdrew a net $288M in Q2 2022, closing 1 position and reducing 15 holdings. Its most notable exit was JPMorgan BetaBuilders Japan ETF, an estimated $400M position sold in full.

By sector, the portfolio is most concentrated in Materials at 0.33% of assets, down from 0.41% a quarter earlier.

Against the trend, Municipal Employees' Retirement System of Michigan opened a new position in iShares Core MSCI Pacific ETF worth $503M.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2022 buy was iShares Core MSCI Pacific ETF: 9,683,060 shares worth $503M.
  • Municipal Employees' Retirement System of Michigan added most to Invesco QQQ Trust Series 1 in Q2 2022, an estimated $59.6M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2022 reduction was iShares Core S&P 500 ETF, cutting an estimated $217M.
  • Municipal Employees' Retirement System of Michigan fully exited JPMorgan BetaBuilders Japan ETF in Q2 2022, selling an estimated $400M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 76% of its $5.42B portfolio in Q2 2022.
  • Municipal Employees' Retirement System of Michigan opened 11 new positions and closed 1 in Q2 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value fell 16% quarter-over-quarter to $5.42B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2022, filed 29 Jul 2022.