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Municipal Employees' Retirement System of Michigan 13F Portfolio

Portfolio Manager
Municipal Employees' Retirement System of Michigan
Performance
+6.69% (2026 Q2)
AUM (13F)
$9.05B
# of Holdings
30
Performance Rank
Allocation (Top 20)
98.07%
Latest filing
Q2 2026

Municipal Employees' Retirement System of Michigan Holdings Map

Top 30 Municipal Employees' Retirement System of Michigan Holdings

Top 10 holdings

StockCompany% Port.SharesValueActivityOwnershipAvg. CostDate
QVML
INVESCO SP 500 QVM MULTIFA
14.88%30.52M$1.35B
-10.59%(-3.62M)
2025-Q2: 34.13M shares2025-Q3: 34.13M shares2025-Q4: 34.13M shares2026-Q1: 34.13M shares2026-Q2: 30.52M shares
$25.88(+78.11%)
2026-06-30
IVV
ISHARES CORE SP 500 ETF
13.55%1.64M$1.23B
+0.00%(+0)
2025-Q2: 1.48M shares2025-Q3: 1.48M shares2025-Q4: 1.38M shares2026-Q1: 1.64M shares2026-Q2: 1.64M shares
$374.55(+107.96%)
2026-06-30
SPTI
SS SPDR P INT TERM TSY ETF
11.59%36.96M$1.05B
-4.51%(-1.75M)
2025-Q2: 35.86M shares2025-Q3: 35.86M shares2025-Q4: 37.25M shares2026-Q1: 38.70M shares2026-Q2: 36.96M shares
$28.30(-0.63%)
2026-06-30
SPTS
SS SPDR P ST TERM TSY ETF
7.27%22.69M$658.1M
-19.22%(-5.40M)
2025-Q2: 21.94M shares2025-Q3: 21.94M shares2025-Q4: 25.88M shares2026-Q1: 28.09M shares2026-Q2: 22.69M shares
$29.44(-1.61%)
2026-06-30
VGK
VANGUARD FTSE EUROPE ETF
6.5%6.64M$588.3M
-1.78%(-120.39K)
2025-Q2: 8.84M shares2025-Q3: 8.84M shares2025-Q4: 9.14M shares2026-Q1: 6.76M shares2026-Q2: 6.64M shares
$66.41(+38.84%)
2026-06-30
SPTL
SS SPDR PF LNG TRM TSY EUSD
5.68%19.61M$514.4M
-14.74%(-3.39M)
2025-Q2: 12.63M shares2025-Q3: 12.63M shares2025-Q4: 15.40M shares2026-Q1: 23.00M shares2026-Q2: 19.61M shares
$27.25(-8.65%)
2026-06-30
IJH
ISHARES CORE SP MIDCAP ETF
4.86%5.71M$439.9M
+0.00%(+0)
2025-Q2: 4.56M shares2025-Q3: 4.56M shares2025-Q4: 4.60M shares2026-Q1: 5.71M shares2026-Q2: 5.71M shares
$51.86(+51.47%)
2026-06-30
SCHP
SCHWAB US TIPS ETF
4.74%16.19M$429.0M
+0.00%(+0)
2025-Q2: 16.40M shares2025-Q3: 16.40M shares2025-Q4: 15.25M shares2026-Q1: 16.19M shares2026-Q2: 16.19M shares
$26.34(-1.59%)
2026-06-30
QVMM
INVESCO SP MIDCAP 400 QVM M
4.73%11.88M$428.2M
+0.00%(+0)
2025-Q2: 11.88M shares2025-Q3: 11.88M shares2025-Q4: 11.88M shares2026-Q1: 11.88M shares2026-Q2: 11.88M shares
$24.78(+47.87%)
2026-06-30
SPIB
SS SPDR P INT C CORP ETF
4.39%11.88M$397.5M
+1.50%(+175.13K)
2025-Q2: 12.97M shares2025-Q3: 12.97M shares2025-Q4: 11.70M shares2026-Q1: 11.70M shares2026-Q2: 11.88M shares
$33.43(-0.90%)
2026-06-30

About Municipal Employees' Retirement System of Michiganโ€™s portfolio

Municipal Employees' Retirement System of Michigan reports $9.05B in US-listed equity holdings across 30 positions in its most recent 13F filing. Its largest disclosed positions are QVML (14.9%), IVV (13.6%) and SPTI (11.6%). The top 20 holdings account for 98.07% of reported assets. Its disclosed equity book has returned +32.30% on a three-year cumulative basis. Figures reflect the Q2 2026 filing.

Portfolio concentration

Portfolio concentration
QVML โ€” 14.9% ($1.35B)IVV โ€” 13.5% ($1.23B)SPTI โ€” 11.6% ($1.05B)SPTS โ€” 7.3% ($658.15M)VGK โ€” 6.5% ($588.30M)SPTL โ€” 5.7% ($514.36M)IJH โ€” 4.9% ($439.92M)SCHP โ€” 4.7% ($429.00M)QVMM โ€” 4.7% ($428.18M)SPIB โ€” 4.4% ($397.50M)Other โ€” 21.8% ($1.97B)
78%in top 10
  • QVML14.9%
  • IVV13.5%
  • SPTI11.6%
  • SPTS7.3%
  • VGK6.5%
  • SPTL5.7%
  • IJH4.9%
  • SCHP4.7%
  • QVMM4.7%
  • SPIB4.4%
  • Other21.8%

Portfolio changes

What the fund actually did

Every reported change this quarter, grouped by direction. The signal is in the rotation, not any single trade.

New buys
2
RSPINVESCO SP 500 EQUAL WEIGHT1.8%
FIGRFIGURE TECHNOLOGY SOLUTIONS IN0.0%
Added to
2
FALNISHARES FALLEN ANGELS ETF+27.3%
SPIBSS SPDR P INT C CORP ETF+1.5%
Trimmed
8
QVMLINVESCO SP 500 QVM MULTIFA-10.6%
SPTSSS SPDR P ST TERM TSY ETF-19.2%
SPTLSS SPDR PF LNG TRM TSY EUSD-14.7%
SPTISS SPDR P INT TERM TSY ETF-4.5%
+4 more

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Source filings

Holdings on this page are parsed from Municipal Employees' Retirement System of Michiganโ€™s Form 13F filings with the U.S. Securities and Exchange Commission (CIK 1588873). View Municipal Employees' Retirement System of Michiganโ€™s 13F filings on SEC

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