SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Municipal Employees' Retirement System of Michigan

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

Reported Value
$4.2B
Q3 2020
Positions
20
Filings on Record
30
2019–present window
Filed
Oct 5, 2020
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $4.2B in U.S.-listed holdings across 20 positions for Q3 2020.

The portfolio is heavily concentrated: IVV alone accounts for 42.6% of reported value.

Compared with Q2 2020, the fund opened 5 new positions and exited 238.

Portfolio Metrics

Turnover
+21.3%
vs prior filed quarter
Top-10 Concentration
+98.3%
share of reported value
Largest Position
+42.6%
Ishares Core S P 500 Etf
New / Exited
5 / 238
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: 95.8%Other: 4.2%
  • ETP · 95.8% · $4.0B
  • Other · 4.2% · $176M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EEMISHARES MSCI EMERGING MARKETNEW+2.86M2.86M+$126M$126M
SPTLSPDR PORT LNG TRM TRSRYNEW+719.0K719.0K+$34M$34M
BJRIBJ'S RESTAURANTS INCNEW+00+$0$0
MLKNHERMAN MILLER INCNEW+00+$0$0
RHIROBERT HALF INTERNATIONAL INCNEW+00+$0$0
GOVTISHARES US TREASURY BOND ETFSOLD OUT−3.87M0−$108M$0
PYPLPAYPAL HOLDINGS INCSOLD OUT−21.9K0−$4M$0
NVDANVIDIA CORPSOLD OUT−9.9K0−$4M$0

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

Holdings — Q3 2020

14 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVVISHARES CORE S P 500 ETFhistory →COM42.55%$1.8B5.27M
2SPTSSPDR PORT SHRT TRM TRSRYhistory →COM14.66%$610M19.87M
3SPTISPDR PORTFOLIO INTERMEDIATEhistory →COM11.64%$484M14.57M
4IJHISHARES CORE S P MIDCAP ETFhistory →COM10.40%$433M2.34M
5EMBISHARES JP MORGAN USD EMERGIhistory →COM5.46%$227M2.05M
6JPMORGAN BETABUILDERS JAPANCOM4.24%$176M7.15M
7EEMISHARES MSCI EMERGING MARKEThistory →COM3.03%$126M2.86M
8MBBISHARES MBS ETFhistory →COM2.20%$91M828.6K
9TLTISHARES 20 YEAR TREASURY BOhistory →COM2.10%$87M534.4K
10IJRISHARES CORE S P SMALL-CAP Ehistory →COM1.97%$82M1.17M
11SPTLSPDR PORT LNG TRM TRSRYhistory →COM0.81%$34M719.0K
12IEURISHARES CORE MSCI EUROPEhistory →COM0.64%$27M596.6K
13STIPISHARES 0-5 YEAR TIPS BOND Ehistory →COM0.26%$11M102.5K
14SPYSPDR S P 500 ETF TRUSTCOM0.04%$2M5.3K

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 ↗.