SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Municipal Employees' Retirement System of Michigan

CIK 0001588873 · 1134 MUNICIPAL WAY, LANSING, MI, 48917 · 517-703-9030

Reported Value
$4.0B
Q2 2020
Positions
258
Filings on Record
30
2019–present window
Filed
Jul 6, 2020
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $4.0B in U.S.-listed holdings across 258 positions for Q2 2020.

The portfolio is heavily concentrated: IVV alone accounts for 25.3% of reported value.

Compared with Q1 2020, the fund opened 7 new positions and exited 1355.

Portfolio Metrics

Turnover
+48.7%
vs prior filed quarter
Top-10 Concentration
+89.4%
share of reported value
Largest Position
+25.3%
Ishares Core Sp 500 Etf
New / Exited
7 / 1355
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.7BQ4 ’18Q1 ’19: $1.5BQ2 ’19: $1.4BQ3 ’19: $2.6BQ4 ’19: $3.1BQ4 ’19Q1 ’20: $3.2BQ2 ’20: $4.0BQ3 ’20: $4.2BQ4 ’20: $5.1BQ4 ’20Q1 ’21: $6.0BQ2 ’21: $7.4BQ3 ’21: $6.0BQ4 ’21: $6.2BQ4 ’21Q1 ’22: $6.5BQ2 ’22: $5.4BQ3 ’22: $5.6BQ1 ’23: $6.5BQ1 ’23Q2 ’23: $7.0BQ3 ’23: $7.2BQ4 ’23: $7.5BQ1 ’24: $7.8BQ1 ’24Q2 ’24: $7.2BQ3 ’24: $7.6BQ4 ’24: $7.3BQ1 ’25: $7.9BQ1 ’25Q2 ’25: $8.3BQ3 ’25: $8.6BQ4 ’25: $8.8BQ1 ’26: $8.8BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 88.2%Common Stock: 7.6%Other: 4.1%REIT: 0.1%
  • ETP · 88.2% · $3.5B
  • Common Stock · 7.6% · $303M
  • Other · 4.1% · $166M
  • REIT · 0.1% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPTISPDR PORTFOLIO INTERMEDIATENEW+13.21M13.21M+$439M$439M
IJHISHARES CORE SP MIDCAP ETFNEW+2.32M2.32M+$413M$413M
GOVTISHARES US TREASURY BOND ETFNEW+3.87M3.87M+$108M$108M
TLTISHARES 20 YEAR TREASURY BONEW+534.4K534.4K+$88M$88M
IJRISHARES CORE SP SMALLCAP ENEW+1.16M1.16M+$79M$79M
HWMHOWMET AEROSPACE INCNEW+27.8K27.8K+$440,000$440,000
RTXRAYTHEON TECHNOLOGIES CORPNEW+11+$0$0
FLSFLOWSERVE CORPADDED+26.5K28.4K+$765,000$809,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2020

251 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVVISHARES CORE SP 500 ETFhistory →COM25.28%$1.0B3.27M
2SPTSSPDR PORT SHRT TRM TRSRYhistory →COM14.51%$580M18.89M
3SPTISPDR PORTFOLIO INTERMEDIATEhistory →COM10.97%$439M13.21M
4IJHISHARES CORE SP MIDCAP ETFhistory →COM10.32%$413M2.32M
5SPYSPDR SP 500 ETF TRUSThistory →COM9.63%$386M1.25M
6EMBISHARES JP MORGAN USD EMERGIhistory →COM7.38%$295M2.70M
7JPMORGAN BETABUILDERS JAPANCOM4.10%$164M7.15M
8GOVTISHARES US TREASURY BOND ETFhistory →COM2.71%$108M3.87M
9MBBISHARES MBS ETFhistory →COM2.29%$92M828.6K
10TLTISHARES 20 YEAR TREASURY BOhistory →COM2.19%$88M534.4K
11IJRISHARES CORE SP SMALLCAP Ehistory →COM1.98%$79M1.16M
12IEURISHARES CORE MSCI EUROPEhistory →COM0.64%$26M596.6K
13STIPISHARES 05 YEAR TIPS BOND Ehistory →COM0.26%$11M102.5K
14PYPLPAYPAL HOLDINGS INCCOM0.10%$4M21.9K
15NVDANVIDIA CORPCOM0.09%$4M9.9K
16ADBEADOBE INCCOM0.09%$4M8.5K
17AVGOBROADCOM INCCOM0.09%$4M11.5K
18AAPLAPPLE INCCOM0.09%$4M9.9K
19AMZNAMAZONCOM INCCOM0.09%$4M1.3K
20TXNTEXAS INSTRUMENTS INCCOM0.09%$4M27.6K
21MSFTMICROSOFT CORPCOM0.09%$3M16.9K
22NKENIKE INCCOM0.09%$3M35.0K
23CMCSACOMCAST CORPCOM0.09%$3M87.3K
24UNPUNION PACIFIC CORPCOM0.08%$3M20.1K
25TMOTHERMO FISHER SCIENTIFIC INCCOM0.08%$3M9.3K
26MAMASTERCARD INCCOM0.08%$3M11.3K
27BACBANK OF AMERICA CORPCOM0.08%$3M141.2K
28ABBVABBVIE INCCOM0.08%$3M34.1K
29METAFACEBOOK INCCOM0.08%$3M14.7K
30JPMJPMORGAN CHASE COCOM0.08%$3M35.5K
31CSCOCISCO SYSTEMS INCCOM0.08%$3M71.4K
32VVISA INCCOM0.08%$3M17.2K
33HDHOME DEPOT INCTHECOM0.08%$3M13.3K
34DISWALT DISNEY COTHECOM0.08%$3M29.5K
35ORCLORACLE CORPCOM0.08%$3M59.1K
36CRMSALESFORCECOM INCCOM0.08%$3M17.4K
37NEENEXTERA ENERGY INCCOM0.08%$3M13.6K
38NFLXNETFLIX INCCOM0.08%$3M7.2K
39MCDMCDONALD'S CORPCOM0.08%$3M17.6K
40TATT INCCOM0.08%$3M106.9K
41PGPROCTER GAMBLE COTHECOM0.08%$3M26.9K
42LLYELI LILLY AND COCOM0.08%$3M19.6K
43GOOGLALPHABET INCCL ACOM0.08%$3M2.3K
44BRK/BBERKSHIRE HATHAWAY INCCOM0.08%$3M17.9K
45UNHUNITEDHEALTH GROUP INCCOM0.08%$3M10.7K
46INTCINTEL CORPCOM0.08%$3M52.9K
47EXMOCEXXON MOBIL CORPCOM0.08%$3M70.0K
48IBMINTERNATIONAL BUSINESS MACHINECOM0.08%$3M25.7K
49PMPHILIP MORRIS INTERNATIONAL INCOM0.08%$3M44.2K
50MRKMERCK CO INCCOM0.08%$3M40.0K
51KOCOCACOLA COTHECOM0.08%$3M68.9K
52COSTCOSTCO WHOLESALE CORPCOM0.08%$3M10.1K
53PEPPEPSICO INCCOM0.08%$3M23.2K
54AMGNAMGEN INCCOM0.08%$3M13.0K
55VZVERIZON COMMUNICATIONS INCCOM0.08%$3M55.7K
56CVXCHEVRON CORPCOM0.08%$3M33.9K
57ABTABBOTT LABORATORIESCOM0.08%$3M32.9K
58WMTWALMART INCCOM0.07%$3M24.9K
59JNJJOHNSON JOHNSONCOM0.07%$3M21.0K
60BMYBRISTOLMYERS SQUIBB COCOM0.07%$3M48.7K
61PFEPFIZER INCCOM0.07%$3M82.7K
62ADPAUTOMATIC DATA PROCESSING INCCOM0.06%$2M16.0K
63RSGREPUBLIC SERVICES INCCOM0.06%$2M28.7K
64ADMARCHERDANIELSMIDLAND COCOM0.06%$2M55.5K
65ALLALLSTATE CORPTHECOM0.05%$2M19.5K
66MDLZMONDELEZ INTERNATIONAL INCCOM0.05%$2M36.8K
67METMETLIFE INCCOM0.04%$2M48.6K
68MSMORGAN STANLEYCOM0.04%$2M36.6K
69GDGENERAL DYNAMICS CORPCOM0.04%$2M11.6K
70GSGOLDMAN SACHS GROUP INCTHECOM0.04%$2M8.7K
71CERNER CORPCOM0.04%$2M23.8K
72MNSTMONSTER BEVERAGE CORPCOM0.04%$2M23.1K
73ITWILLINOIS TOOL WORKS INCCOM0.04%$2M9.1K
74CHTRCHARTER COMMUNICATIONS INCCOM0.04%$2M3.1K
75ROPROPER TECHNOLOGIES INCCOM0.04%$2M4.0K
76VRSNVERISIGN INCCOM0.04%$2M7.5K
77DISCOVERY INCCOM0.04%$2M75.8K
78APDAIR PRODUCTS AND CHEMICALS INCCOM0.04%$2M6.3K
79GLWCORNING INCCOM0.04%$2M58.2K
80DOVDOVER CORPCOM0.04%$1M15.1K
81FISFIDELITY NATIONAL INFORMATIONCOM0.04%$1M10.9K
82HSICHENRY SCHEIN INCCOM0.04%$1M24.4K
83WMWASTE MANAGEMENT INCCOM0.03%$1M13.2K
84BNYBANK OF NEW YORK MELLON CORPTCOM0.03%$1M36.0K
85FOXFOX CORPCOM0.03%$1M51.6K
86DUKDUKE ENERGY CORPCOM0.03%$1M17.2K
87GLGLOBE LIFE INCCOM0.03%$1M17.9K
88XRAYDENTSPLY SIRONA INCCOM0.03%$1M29.6K
89CTASCINTAS CORPCOM0.03%$1M4.9K
90TROWT ROWE PRICE GROUP INCCOM0.03%$1M10.4K
91ZTSZOETIS INCCOM0.03%$1M9.3K
92LNTALLIANT ENERGY CORPCOM0.03%$1M26.6K
93JNPJUNIPER NETWORKS INCCOM0.03%$1M55.4K
94BXPBOSTON PROPERTIES INCCOM0.03%$1M13.7K
95MMM3M COCOM0.03%$1M7.8K
96NUENUCOR CORPCOM0.03%$1M28.9K
97MASMASCO CORPCOM0.03%$1M23.5K
98MXIMMAXIM INTEGRATED PRODUCTS INCCOM0.03%$1M19.4K
99CORAMERISOURCEBERGEN CORPCOM0.03%$1M11.3K
100SNASNAPON INCCOM0.03%$1M8.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$8.8B29May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$8.8B38Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$8.6B54Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$8.3B54Aug 4, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.9B55May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$7.3B59Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$7.6B60Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$7.2B60Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$7.8B56Apr 17, 202413F-HRchanges · EDGAR ↗
Q4 2023$7.5B59Feb 5, 202413F-HRchanges · EDGAR ↗
Q3 2023$7.2B62Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.0B64Aug 3, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.5B64May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review58Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.6B59Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$5.4B50Jul 29, 202213F-HRchanges · EDGAR ↗
Q1 2022$6.5B41May 5, 202213F-HRchanges · EDGAR ↗
Q4 2021$6.2B40Feb 16, 202213F-HRchanges · EDGAR ↗
Q3 2021$6.0B40Oct 28, 202113F-HRchanges · EDGAR ↗
Q2 2021$7.4B42Jul 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$6.0B38Apr 22, 202113F-HRchanges · EDGAR ↗
Q4 2020$5.1B32Jan 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.2B20Oct 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$4.0B258Jul 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.2B1,889Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.1B1,970Feb 3, 202013F-HRchanges · EDGAR ↗
Q3 2019$2.6B1,990Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$1.4B2,173Jul 31, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.5B2,202May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.7B2,184Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.