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
+4.17%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.76B
AUM Growth
+$281M
Cap. Flow
-$29.6M
Cap. Flow %
-0.38%
Top 10 Hldgs %
66.48%
Holding
46
New
–
Increased
12
Reduced
13
Closed
1

Top Buys

Rank Stock Value
1
SPTI icon
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
+$577M
2
SPTS icon
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
+$247M
3
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$126M
4
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$69.8M
5
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
+$24.5M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$390M
2
TUA icon
Simplify Short Term Treasury Futures Strategy ETF
TUA
+$356M
3
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$105M
4
XHLF icon
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
XHLF
+$64.1M
5
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$52.7M

Sector Composition

Rank Sector Weight
1 Materials 0.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVV icon
1
iShares Core S&P 500 ETF
IVV
$904B
$1.01B 13.04%
1,924,864
-779,471
-29% -$390M
QVML icon
2
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$942M 12.14%
30,288,556
-1,791,472
-6% -$52.7M
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$745M 9.59%
26,424,332
+20,446,705
+342% +$577M
SPTS icon
4
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$627M 8.08%
21,697,170
+8,531,951
+65% +$247M
IEMG icon
5
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$409M 5.27%
7,924,815
+40,387
+0.5% +$2.02M
SPTL icon
6
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$325M 4.18%
11,622,475
+4,513,620
+63% +$126M
QVMM
7
Invesco QQQ Trust Series 1
QVMM
$443M
$307M 3.95%
10,848,386
– –
IPAC icon
8
iShares Core MSCI Pacific ETF
IPAC
$2.78B
$297M 3.82%
4,683,690
+207,000
+5% +$12.6M
VGSH icon
9
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$252M 3.25%
4,339,205
+35,995
+0.8% +$2.09M
EMHC icon
10
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$246M 3.17%
10,176,669
+2,913,721
+40% +$69.8M
QVMS
11
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$221M 2.85%
8,595,731
– –
VGIT icon
12
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$199M 2.56%
3,390,733
– –
VGK icon
13
Vanguard FTSE Europe ETF
VGK
$31B
$195M 2.51%
2,890,092
– –
EMB icon
14
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$189M 2.43%
2,104,464
– –
XEMD icon
15
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$844M
$187M 2.41%
4,504,991
– –
IJH icon
16
iShares Core S&P Mid-Cap ETF
IJH
$128B
$179M 2.31%
2,946,566
-817,289
-22% -$46.3M
ISVL icon
17
iShares International Developed Small Cap Value Factor ETF
ISVL
$332M
$163M 2.1%
4,592,859
– –
BBEU icon
18
JPMorgan BetaBuilders Europe ETF
BBEU
$9.52B
$160M 2.06%
2,697,749
+430,030
+19% +$24.5M
XONE icon
19
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$844M
$119M 1.53%
2,387,980
-2,114,763
-47% -$105M
PICK icon
20
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$109M 1.41%
2,623,495
-60,598
-2% -$2.44M
FLCA icon
21
Franklin FTSE Canada ETF
FLCA
$860M
$104M 1.34%
2,991,017
+363,856
+14% +$12.1M
EWJV icon
22
iShares MSCI Japan Value ETF
EWJV
$754M
$101M 1.3%
3,046,678
– –
MBB icon
23
iShares MBS ETF
MBB
$39B
$98.5M 1.27%
1,066,311
-16,068
-1% -$1.49M
RING icon
24
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$97.9M 1.26%
3,872,336
-166,949
-4% -$3.76M
SPHY icon
25
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$12B
$52.6M 0.68%
2,241,710
-921,286
-29% -$21.5M
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 Q1 2024 Portfolio in Review

As of Q1 2024, Municipal Employees' Retirement System of Michigan held 46 positions worth $7.76B, up 3.8% from $7.48B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Trading was light in Q1 2024: portfolio turnover was 2.2%. Municipal Employees' Retirement System of Michigan opened no new positions and exited 1, leaving the 46-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 0.67% of assets, up from 0.54% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Intermediate Term Treasury ETF in Q1 2024, an estimated $577M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q1 2024 reduction was iShares Core S&P 500 ETF, cutting an estimated $390M.
  • Municipal Employees' Retirement System of Michigan fully exited VanEck Junior Gold Miners ETF in Q1 2024, selling an estimated $8.88M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 66% of its $7.76B portfolio in Q1 2024.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 1 in Q1 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 3.8% quarter-over-quarter to $7.76B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q1 2024, filed 17 Apr 2024.