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
+5.22%
1 Year Est. Return
+13.04%
3 Year Est. Return
+34.61%
5 Year Est. Return
+23.86%
10 Year Est. Return
–
AUM
$8.31B
AUM Growth
+$412M
Cap. Flow
+$27.1M
Cap. Flow %
0.33%
Top 10 Hldgs %
76.6%
Holding
48
New
2
Increased
8
Reduced
5
Closed
3

Top Buys

Rank Stock Value
1
SPIB icon
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
+$424M
2
VGK icon
Vanguard FTSE Europe ETF
VGK
+$177M
3
FALN icon
iShares Fallen Angels USD Bond ETF
FALN
+$91.7M
4
BBCA icon
JPMorgan BetaBuilders Canada ETF
BBCA
+$71.3M
5
IJH icon
iShares Core S&P Mid-Cap ETF
IJH
+$53.4M

Top Sells

Rank Stock Value
1
IPAC icon
iShares Core MSCI Pacific ETF
IPAC
+$399M
2
BBEU icon
JPMorgan BetaBuilders Europe ETF
BBEU
+$126M
3
MTBA icon
Simplify MBS ETF
MTBA
+$119M
4
XONE icon
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
+$59.9M
5
SPTL icon
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
+$59.1M

Sector Composition

Rank Sector Weight
1 Materials 0.61%
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
$1.25B 15.04%
34,132,010
– –
SPTI icon
2
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.6B
$1.03B 12.42%
35,861,653
– –
IVV icon
3
iShares Core S&P 500 ETF
IVV
$904B
$920M 11.07%
1,481,662
+30,900
+2% +$17.7M
VGK icon
4
Vanguard FTSE Europe ETF
VGK
$31B
$685M 8.24%
8,835,451
+2,400,165
+37% +$177M
SPTS icon
5
State Street SPDR Portfolio Short Term Treasury ETF
SPTS
$6.11B
$643M 7.73%
21,942,738
+13,661
+0.1% +$399K
SCHP icon
6
Schwab US TIPS ETF
SCHP
$16.2B
$438M 5.27%
16,401,227
– –
SPIB icon
7
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF
SPIB
$11.5B
$435M 5.24%
12,968,096
+12,803,930
+7,799% +$424M
QVMM
8
Invesco QQQ Trust Series 1
QVMM
$443M
$342M 4.11%
11,882,576
– –
SPTL icon
9
State Street SPDR Portfolio Long Term Treasury ETF
SPTL
$10.7B
$336M 4.04%
12,629,575
-2,251,407
-15% -$59.1M
IEMG icon
10
iShares Core MSCI Emerging Markets ETF
IEMG
$158B
$287M 3.45%
4,773,111
– –
IJH icon
11
iShares Core S&P Mid-Cap ETF
IJH
$128B
$283M 3.4%
4,555,207
+909,298
+25% +$53.4M
XBB icon
12
BondBloxx BB-Rated USD High Yield Corporate Bond ETF
XBB
$519M
$256M 3.09%
6,227,640
– –
XEMD icon
13
BondBloxx JPMorgan USD Emerging Markets 1-10 Year Bond ETF
XEMD
$844M
$203M 2.44%
4,698,046
– –
QVMS
14
Invesco S&P SmallCap 600 QVM Multi-factor ETF
QVMS
$258M
$183M 2.2%
7,114,414
– –
SPHY icon
15
State Street SPDR Portfolio High Yield Bond ETF
SPHY
$12B
$142M 1.71%
5,954,325
– –
FLCA icon
16
Franklin FTSE Canada ETF
FLCA
$860M
$116M 1.39%
2,773,743
– –
PICK icon
17
iShares MSCI Global Metals & Mining Producers ETF
PICK
$2.33B
$114M 1.37%
3,032,992
– –
FALN icon
18
iShares Fallen Angels USD Bond ETF
FALN
$1.6B
$94.4M 1.14%
+3,476,559
New +$91.7M
BBCA icon
19
JPMorgan BetaBuilders Canada ETF
BBCA
$11.3B
$75.9M 0.91%
+940,556
New +$71.3M
RING icon
20
iShares MSCI Global Gold Miners ETF
RING
$2.48B
$60.1M 0.72%
1,372,210
-529,701
-28% -$22M
XONE icon
21
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
XONE
$844M
$58.5M 0.7%
1,178,547
-1,209,433
-51% -$59.9M
AG icon
22
First Majestic Silver
AG
$9.44B
$50.9M 0.61%
6,151,289
-972,121
-14% -$6.54M
XFIV icon
23
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
XFIV
$324M
$34.7M 0.42%
704,064
– –
XLE icon
24
State Street Energy Select Sector SPDR ETF
XLE
$39.9B
$30.5M 0.37%
720,252
+197,138
+38% +$8.21M
ICOP icon
25
iShares Copper and Metals Mining ETF
ICOP
$474M
$23.4M 0.28%
784,271
+227,272
+41% +$6.16M
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 2025 Portfolio in Review

As of Q2 2025, Municipal Employees' Retirement System of Michigan held 48 positions worth $8.31B, up 5.2% from $7.9B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Municipal Employees' Retirement System of Michigan's Q2 2025 filing shows 2 new, 8 increased, 5 reduced and 3 closed positions. Its largest new stake was iShares Fallen Angels USD Bond ETF: 3,476,559 shares worth $94.4M. The largest sale was iShares Core MSCI Pacific ETF, an estimated $399M.

By sector, the portfolio is most concentrated in Materials at 0.61% of assets, up from 0.6% a quarter earlier.

  • Municipal Employees' Retirement System of Michigan's largest Q2 2025 buy was iShares Fallen Angels USD Bond ETF: 3,476,559 shares worth $94.4M.
  • Municipal Employees' Retirement System of Michigan added most to State Street SPDR Portfolio Intermediate Term Corporate Bond ETF in Q2 2025, an estimated $424M increase.
  • Municipal Employees' Retirement System of Michigan's biggest Q2 2025 reduction was BondBloxx Bloomberg One Year Target Duration US Treasury ETF, cutting an estimated $59.9M.
  • Municipal Employees' Retirement System of Michigan fully exited iShares Core MSCI Pacific ETF in Q2 2025, selling an estimated $399M.
  • Municipal Employees' Retirement System of Michigan's ten largest holdings make up 77% of its $8.31B portfolio in Q2 2025.
  • Municipal Employees' Retirement System of Michigan opened 2 new positions and closed 3 in Q2 2025.
  • Municipal Employees' Retirement System of Michigan's portfolio value rose 5.2% quarter-over-quarter to $8.31B.

Based on Municipal Employees' Retirement System of Michigan's 13F filing for Q2 2025, filed 4 Aug 2025.