Filed: 5/7/2025ACC: 0001588873-25-000003
📋 What this filing means
MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM OF MICHIGAN filed this quarterly 13F‑HR report disclosing 46 equity positions with a total reported market value of $7.90M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
46
Positions
$7.90M
Total AUM (reported)
210.15M
Total Shares
Allocation by class
COM$7.90M100.0%
Portfolio Concentration
Top 3$2.98M37.8%
4–10$2.92M36.9%
11–25$1.78M22.5%
Rest$219.7K2.8%
Top 3 weight
37.8%
Top 10 weight
74.7%
Voting Authority Distribution
Total shares with voting rights: 210.15M
Sole
Full voting authority
210.15M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole46
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings46
Rows:
INVESCO SP 500 QVM MULTIFA
SOLEShares34.13M
TypeSH
Market value$1.14M
14.48%
Sole
34.13M
Shared
0.00
None
0.00
SPDR PORT INT TREASURY TERM
SOLEShares35.86M
TypeSH
Market value$1.02M
12.98%
Sole
35.86M
Shared
0.00
None
0.00
ISHARES CORE SP 500 ETF
SOLEShares1.45M
TypeSH
Market value$815.2K
10.32%
Sole
1.45M
Shared
0.00
None
0.00
SPDR PORT SHRT TRM TRSRY
SOLEShares21.93M
TypeSH
Market value$641.2K
8.12%
Sole
21.93M
Shared
0.00
None
0.00
VANGUARD FTSE EUROPE ETF
SOLEShares6.44M
TypeSH
Market value$451.8K
5.72%
Sole
6.44M
Shared
0.00
None
0.00
SCHWAB US TIPS ETF
SOLEShares16.40M
TypeSH
Market value$441.0K
5.58%
Sole
16.40M
Shared
0.00
None
0.00
SPDR PORT LNG TRM TRSRY
SOLEShares14.88M
TypeSH
Market value$405.7K
5.14%
Sole
14.88M
Shared
0.00
None
0.00
ISHARES CORE MSCI PACIFIC ET
SOLEShares6.40M
TypeSH
Market value$398.6K
5.05%
Sole
6.40M
Shared
0.00
None
0.00
INVESCO SP MIDCAP 400 QVM M
SOLEShares11.88M
TypeSH
Market value$321.3K
4.07%
Sole
11.88M
Shared
0.00
None
0.00
ISHARES CORE MSCI EMERGING
SOLEShares4.77M
TypeSH
Market value$257.6K
3.26%
Sole
4.77M
Shared
0.00
None
0.00
BONDBLOXXBB RATED USD HY CB
SOLEShares6.23M
TypeSH
Market value$251.8K
3.19%
Sole
6.23M
Shared
0.00
None
0.00
ISHARES CORE SP MIDCAP ETF
SOLEShares3.65M
TypeSH
Market value$212.7K
2.69%
Sole
3.65M
Shared
0.00
None
0.00
BONDBLOXXJPM USD EM MK 110
SOLEShares4.70M
TypeSH
Market value$198.1K
2.51%
Sole
4.70M
Shared
0.00
None
0.00
INVESCO SP SMALLCAP 600 QVM
SOLEShares7.11M
TypeSH
Market value$175.2K
2.22%
Sole
7.11M
Shared
0.00
None
0.00
SPDR PORTFOLIO HIGH YIELD BO
SOLEShares5.95M
TypeSH
Market value$139.5K
1.77%
Sole
5.95M
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS EUROPE
SOLEShares2.04M
TypeSH
Market value$126.3K
1.60%
Sole
2.04M
Shared
0.00
None
0.00
SIMPLIFY MBS ETF
SOLEShares2.38M
TypeSH
Market value$119.3K
1.51%
Sole
2.38M
Shared
0.00
None
0.00
BONDBLOXX BBG 1 DUR US TREAS
SOLEShares2.39M
TypeSH
Market value$118.7K
1.50%
Sole
2.39M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL METALS
SOLEShares3.03M
TypeSH
Market value$108.8K
1.38%
Sole
3.03M
Shared
0.00
None
0.00
FRANKLIN FTSE CANADA ETF
SOLEShares2.77M
TypeSH
Market value$103.2K
1.31%
Sole
2.77M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL GOLD MIN
SOLEShares1.90M
TypeSH
Market value$73.0K
0.92%
Sole
1.90M
Shared
0.00
None
0.00
FIRST MAJESTIC SILVER CORP
SOLEShares7.12M
TypeSH
Market value$47.7K
0.60%
Sole
7.12M
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS DEVELO
SOLEShares910.01K
TypeSH
Market value$44.3K
0.56%
Sole
910.01K
Shared
0.00
None
0.00
BONDBLOXX BBG 5 YR US TREAS
SOLEShares704.06K
TypeSH
Market value$34.6K
0.44%
Sole
704.06K
Shared
0.00
None
0.00
ENERGY SELECT SECTOR SPDR
SOLEShares261.56K
TypeSH
Market value$24.4K
0.31%
Sole
261.56K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO SP 500 QVM MULTIFASOLE | COM | 34.13M | SH | $1.14M 14.48% | 34.13M | 0.00 | 0.00 |
SPDR PORT INT TREASURY TERMSOLE | COM | 35.86M | SH | $1.02M 12.98% | 35.86M | 0.00 | 0.00 |
ISHARES CORE SP 500 ETFSOLE | COM | 1.45M | SH | $815.2K 10.32% | 1.45M | 0.00 | 0.00 |
SPDR PORT SHRT TRM TRSRYSOLE | COM | 21.93M | SH | $641.2K 8.12% | 21.93M | 0.00 | 0.00 |
VANGUARD FTSE EUROPE ETFSOLE | COM | 6.44M | SH | $451.8K 5.72% | 6.44M | 0.00 | 0.00 |
SCHWAB US TIPS ETFSOLE | COM | 16.40M | SH | $441.0K 5.58% | 16.40M | 0.00 | 0.00 |
SPDR PORT LNG TRM TRSRYSOLE | COM | 14.88M | SH | $405.7K 5.14% | 14.88M | 0.00 | 0.00 |
ISHARES CORE MSCI PACIFIC ETSOLE | COM | 6.40M | SH | $398.6K 5.05% | 6.40M | 0.00 | 0.00 |
INVESCO SP MIDCAP 400 QVM MSOLE | COM | 11.88M | SH | $321.3K 4.07% | 11.88M | 0.00 | 0.00 |
ISHARES CORE MSCI EMERGINGSOLE | COM | 4.77M | SH | $257.6K 3.26% | 4.77M | 0.00 | 0.00 |
BONDBLOXXBB RATED USD HY CBSOLE | COM | 6.23M | SH | $251.8K 3.19% | 6.23M | 0.00 | 0.00 |
ISHARES CORE SP MIDCAP ETFSOLE | COM | 3.65M | SH | $212.7K 2.69% | 3.65M | 0.00 | 0.00 |
BONDBLOXXJPM USD EM MK 110SOLE | COM | 4.70M | SH | $198.1K 2.51% | 4.70M | 0.00 | 0.00 |
INVESCO SP SMALLCAP 600 QVMSOLE | COM | 7.11M | SH | $175.2K 2.22% | 7.11M | 0.00 | 0.00 |
SPDR PORTFOLIO HIGH YIELD BOSOLE | COM | 5.95M | SH | $139.5K 1.77% | 5.95M | 0.00 | 0.00 |
JPMORGAN BETABUILDERS EUROPESOLE | COM | 2.04M | SH | $126.3K 1.60% | 2.04M | 0.00 | 0.00 |
SIMPLIFY MBS ETFSOLE | COM | 2.38M | SH | $119.3K 1.51% | 2.38M | 0.00 | 0.00 |
BONDBLOXX BBG 1 DUR US TREASSOLE | COM | 2.39M | SH | $118.7K 1.50% | 2.39M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL METALSSOLE | COM | 3.03M | SH | $108.8K 1.38% | 3.03M | 0.00 | 0.00 |
FRANKLIN FTSE CANADA ETFSOLE | COM | 2.77M | SH | $103.2K 1.31% | 2.77M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL GOLD MINSOLE | COM | 1.90M | SH | $73.0K 0.92% | 1.90M | 0.00 | 0.00 |
FIRST MAJESTIC SILVER CORPSOLE | COM | 7.12M | SH | $47.7K 0.60% | 7.12M | 0.00 | 0.00 |
JPMORGAN BETABUILDERS DEVELOSOLE | COM | 910.01K | SH | $44.3K 0.56% | 910.01K | 0.00 | 0.00 |
BONDBLOXX BBG 5 YR US TREASSOLE | COM | 704.06K | SH | $34.6K 0.44% | 704.06K | 0.00 | 0.00 |
ENERGY SELECT SECTOR SPDRSOLE | COM | 261.56K | SH | $24.4K 0.31% | 261.56K | 0.00 | 0.00 |
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