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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
-6.06%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$5.6B
AUM Growth
+$183M
Cap. Flow
+$549M
Cap. Flow %
9.8%
Top 10 Hldgs %
72.3%
Holding
47
New
9
Increased
10
Reduced
5
Closed
–

Top Buys

Rank Stock Value
1
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$193M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
+$176M
3
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$170M
4
XTWO icon
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
+$34.9M
5
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$33.8M

Top Sells

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$91.9M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$60.5M
3
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$41.8M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$399
5
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$151

Sector Composition

Rank Sector Weight
1 Materials 0.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$930M 16.59%
2,592,113
-1
-0% -$399
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$658M 11.74%
30,792,365
+268,141
+0.9% +$6.36M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$2.78B
$619M 11.05%
12,911,842
+3,228,782
+33% +$170M
IEMG icon
4
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$423M 7.56%
9,849,340
+4,036,074
+69% +$193M
SPTS icon
5
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$305M 5.44%
10,552,508
-2,065,171
-16% -$60.5M
SPTI icon
6
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$295M 5.27%
10,499,797
-3,143,085
-23% -$91.9M
QVMM
7
Invesco QQQ Trust Series 1
QVMM
$443M
$219M 3.91%
10,742,276
+81,758
+0.8% +$1.83M
EMB icon
8
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$208M 3.71%
2,621,496
– –
VGIT icon
9
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$198M 3.53%
3,390,733
– –
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$128B
$196M 3.5%
4,470,810
– –
XEMD icon
11
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$844M
$167M 2.98%
+4,403,623
New +$176M
TLT icon
12
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$126M 2.25%
1,230,585
-370,970
-23% -$41.8M
ISVL icon
13
iShares International Developed Small Cap Value Factor ETF
ISVL
$332M
$117M 2.09%
4,525,283
– –
VGSH icon
14
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$103M 1.85%
1,790,364
– –
VGK icon
15
Vanguard FTSE Europe ETF
VGK
$31B
$99.6M 1.78%
2,158,529
+9,466
+0.4% +$494K
EMHC icon
16
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$95.3M 1.7%
4,361,526
+40,040
+0.9% +$938K
QVMS
17
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$88.4M 1.58%
4,421,823
+27,142
+0.6% +$601K
PICK icon
18
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$80.4M 1.43%
2,362,170
– –
FLCA icon
19
Franklin FTSE Canada ETF
FLCA
$860M
$74.4M 1.33%
2,646,280
– –
EBND icon
20
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$61.2M 1.09%
3,224,783
– –
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$53.9M 0.96%
2,875,514
+216,287
+8% +$4.23M
MBB icon
22
iShares MBS ETF
MBB
$39B
$49M 0.88%
535,595
+23,840
+5% +$2.31M
HYG icon
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$38.5M 0.69%
539,447
– –
XBB icon
24
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$37.4M 0.67%
996,434
– –
XTWO icon
25
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
XTWO
$210M
$34.8M 0.62%
+702,414
New +$34.9M
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 Q3 2022 Portfolio in Review

As of Q3 2022, Municipal Employees' Retirement System of Michigan held 47 positions worth $5.6B, up 3.4% from $5.42B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Municipal Employees' Retirement System of Michigan deployed $549M of net new capital in Q3 2022, opening 9 new positions and adding to 10 existing holdings. Its largest new stake was BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF: 4,403,623 shares worth $167M.

By sector, the portfolio is most concentrated in Materials at 0.3% of assets, down from 0.33% a quarter earlier.

On the sell side, the largest reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, an estimated $91.9M trimmed.

  • Municipal Employees' Retirement System of Michigan's largest Q3 2022 buy was BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF: 4,403,623 shares worth $167M.
  • Municipal Employees' Retirement System of Michigan added most to iShares Core MSCI Emerging Markets ETF in Q3 2022, an estimated $193M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2022 reduction was State Street SPDR Portfolio Intermediate Term Treasury ETF, cutting an estimated $91.9M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 72% of its $5.6B portfolio in Q3 2022.
  • Municipal Employees' Retirement System of Michigan opened 9 new positions and closed 0 in Q3 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.4% quarter-over-quarter to $5.6B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2022, filed 14 Nov 2022.