We are live on ! Find out more
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
+7.77%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$6.19B
AUM Growth
+$591M
Cap. Flow
+$181M
Cap. Flow %
2.92%
Top 10 Hldgs %
71.97%
Holding
47
New
–
Increased
11
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
VGK icon
Vanguard FTSE Europe ETF
VGK
+$123M
2
EMB icon
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
+$61.6M
3
IEMG icon
iShares Core MSCI Emerging Markets ETF
IEMG
+$52.6M
4
FLCA icon
Franklin FTSE Canada ETF
FLCA
+$9.55M
5
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$9.04M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$46.2M
2
IEUR icon
iShares Core MSCI Europe ETF
IEUR
+$27M
3
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$9.28M
4
PICK icon
iShares MSCI Global Metals & Mining Producers ETF
PICK
+$3.8M
5
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$1.52M

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
$950M 15.33%
2,472,388
-119,725
-5% -$46.2M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$717M 11.58%
31,064,001
+271,636
+0.9% +$6.28M
IPAC icon
3
iShares Core MSCI Pacific ETF
IPAC
$2.78B
$683M 11.03%
12,732,147
-179,695
-1% -$9.28M
IEMG icon
4
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$514M 8.3%
11,005,033
+1,155,693
+12% +$52.6M
SPTS icon
5
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$303M 4.9%
10,500,022
-52,486
-0.5% -$1.52M
SPTI icon
6
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$297M 4.79%
10,499,797
– –
EMB icon
7
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$285M 4.6%
3,366,467
+744,971
+28% +$61.6M
VGK icon
8
Vanguard FTSE Europe ETF
VGK
$31B
$249M 4.01%
4,484,595
+2,326,066
+108% +$123M
QVMM
9
Invesco QQQ Trust Series 1
QVMM
$443M
$244M 3.94%
10,848,386
+106,110
+1% +$2.39M
IJH icon
10
iShares Core S&P Mid-Cap ETF
IJH
$128B
$216M 3.49%
4,470,810
– –
VGIT icon
11
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$198M 3.2%
3,390,733
– –
XEMD icon
12
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$844M
$174M 2.8%
4,403,623
– –
ISVL icon
13
iShares International Developed Small Cap Value Factor ETF
ISVL
$332M
$138M 2.24%
4,592,859
+67,576
+1% +$1.94M
TLT icon
14
iShares 20+ Year Treasury Bond ETF
TLT
$40.6B
$123M 1.98%
1,230,585
– –
VGSH icon
15
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$113M 1.82%
1,946,764
+156,400
+9% +$9.04M
EMHC icon
16
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$102M 1.64%
4,361,526
– –
QVMS
17
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$96.9M 1.56%
4,438,731
+16,908
+0.4% +$374K
PICK icon
18
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$92.9M 1.5%
2,265,106
-97,064
-4% -$3.8M
FLCA icon
19
Franklin FTSE Canada ETF
FLCA
$860M
$88.1M 1.42%
2,962,196
+315,916
+12% +$9.55M
EBND icon
20
State Street SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
$2.27B
$66.3M 1.07%
3,224,783
– –
RING icon
21
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$64.2M 1.04%
2,875,514
– –
MBB icon
22
iShares MBS ETF
MBB
$39B
$49.7M 0.8%
535,595
– –
HYG icon
23
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$39.7M 0.64%
539,447
– –
XBB icon
24
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$38.4M 0.62%
996,434
– –
USHY icon
25
iShares Broad USD High Yield Corporate Bond ETF
USHY
$29.1B
$35M 0.56%
1,012,438
– –
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 Q4 2022 Portfolio in Review

As of Q4 2022, Municipal Employees' Retirement System of Michigan held 47 positions worth $6.19B, up 11% from $5.6B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Trading was light in Q4 2022: portfolio turnover was 2.1%. Municipal Employees' Retirement System of Michigan opened no new positions and exited 1, leaving the 47-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 0.41% of assets, up from 0.3% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan added most to Vanguard FTSE Europe ETF in Q4 2022, an estimated $123M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q4 2022 reduction was iShares Core S&P 500 ETF, cutting an estimated $46.2M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares Core MSCI Europe ETF in Q4 2022, selling an estimated $27M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 72% of its $6.19B portfolio in Q4 2022.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 1 in Q4 2022.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 11% quarter-over-quarter to $6.19B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q4 2022, filed 10 Feb 2023.