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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
+5.85%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$7.58B
AUM Growth
+$374M
Cap. Flow
-$38.4M
Cap. Flow %
-0.51%
Top 10 Hldgs %
67.66%
Holding
49
New
–
Increased
20
Reduced
9
Closed
–

Top Buys

Rank Stock Value
1
MTBA icon
Simplify MBS ETF
MTBA
+$99.5M
2
XEMD icon
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
+$5.24M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$3.46M
4
QVML icon
Invesco S&P 500 QVM Multi-factor ETF
QVML
+$2.78M
5
XBB icon
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
+$1.21M

Top Sells

Rank Stock Value
1
RING icon
iShares MSCI Global Gold Miners ETF
RING
+$53.2M
2
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
+$39.6M
3
EMHC icon
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
+$39M
4
IVV icon
iShares Core S&P 500 ETF
IVV
+$19.4M
5
SPHY icon
State Street SPDR Portfolio High Yield Bond ETF
SPHY
+$5.6M

Sector Composition

Rank Sector Weight
1 Materials 1.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QVML icon
1
Invesco S&P 500 QVM Multi-factor ETF
QVML
$1.53B
$1.03B 13.59%
30,373,380
+84,824
+0.3% +$2.78M
IVV icon
2
iShares Core S&P 500 ETF
IVV
$904B
$830M 10.94%
1,438,577
-34,831
-2% -$19.4M
SPTI icon
3
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$768M 10.12%
26,424,332
– –
SPTS icon
4
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$639M 8.42%
21,711,672
+14,502
+0.1% +$423K
IPAC icon
5
iShares Core MSCI Pacific ETF
IPAC
$2.78B
$426M 5.62%
6,404,807
– –
SPTL icon
6
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$371M 4.89%
12,764,462
– –
QVMM
7
Invesco QQQ Trust Series 1
QVMM
$443M
$315M 4.15%
10,882,576
+34,190
+0.3% +$954K
IEMG icon
8
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$274M 3.61%
4,773,111
– –
VGK icon
9
Vanguard FTSE Europe ETF
VGK
$31B
$266M 3.51%
3,742,619
– –
VGSH icon
10
Vanguard Short-Term Treasury ETF
VGSH
$30.2B
$213M 2.8%
3,601,177
+11,144
+0.3% +$653K
VGIT icon
11
Vanguard Intermediate-Term Treasury ETF
VGIT
$42.4B
$205M 2.7%
3,390,733
– –
XEMD icon
12
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$844M
$201M 2.65%
4,698,046
+124,969
+3% +$5.24M
QVMS
13
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$194M 2.56%
7,114,414
+21,674
+0.3% +$572K
ISVL icon
14
iShares International Developed Small Cap Value Factor ETF
ISVL
$332M
$174M 2.3%
4,592,859
– –
EMHC icon
15
State Street SPDR Bloomberg Emerging Markets USD Bond ETF
EMHC
$290M
$163M 2.14%
6,479,288
-1,590,498
-20% -$39M
MTBA icon
16
Simplify MBS ETF
MTBA
$1.49B
$162M 2.13%
3,139,253
+1,940,538
+162% +$99.5M
EMB icon
17
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.9B
$145M 1.91%
1,547,548
– –
BBEU icon
18
JPMorgan BetaBuilders Europe ETF
BBEU
$9.52B
$127M 1.68%
2,042,693
-655,056
-24% -$39.6M
PICK icon
19
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$127M 1.67%
2,931,185
+13,712
+0.5% +$541K
IJH icon
20
iShares Core S&P Mid-Cap ETF
IJH
$128B
$125M 1.65%
2,005,372
+2
+0% +$121
XONE icon
21
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$844M
$119M 1.57%
2,387,980
– –
FLCA icon
22
Franklin FTSE Canada ETF
FLCA
$860M
$104M 1.38%
2,773,743
+29,890
+1% +$1.06M
GATO
23
DELISTED
Gatos Silver, Inc.
GATO
$93.6M 1.23%
6,205,259
– –
RING icon
24
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$74.4M 0.98%
2,253,973
-1,701,410
-43% -$53.2M
VGLT icon
25
Vanguard Long-Term Treasury ETF
VGLT
$10.3B
$50.9M 0.67%
827,671
-6,188
-0.7% -$374K
1
2

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VAS
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SFM
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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 Q3 2024 Portfolio in Review

As of Q3 2024, Municipal Employees' Retirement System of Michigan held 49 positions worth $7.58B, up 5.2% from $7.21B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 0%. Municipal Employees' Retirement System of Michigan opened no new positions and made no exits, leaving the 49-position portfolio largely intact.

By sector, the portfolio is most concentrated in Materials at 1.2% of assets, up from 0.9% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan added most to Simplify MBS ETF in Q3 2024, an estimated $99.5M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q3 2024 reduction was iShares MSCI Global Gold Miners ETF, cutting an estimated $53.2M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 68% of its $7.58B portfolio in Q3 2024.
  • Municipal Employees' Retirement System of Michigan opened 0 new positions and closed 0 in Q3 2024.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 5.2% quarter-over-quarter to $7.58B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q3 2024, filed 12 Nov 2024.