SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Municipal Employees' Retirement System of Michigan

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

Reported Value
$7.4B
Q2 2021
Positions
42
Filings on Record
30
2019–present window
Filed
Jul 2, 2021
original filing

Summary

Municipal Employees' Retirement System Of Michigan reported $7.4B in U.S.-listed holdings across 42 positions for Q2 2021.

The portfolio is heavily concentrated: IVV alone accounts for 30.2% of reported value.

Compared with Q1 2021, the fund opened 6 new positions and exited 4.

Portfolio Metrics

Turnover
+10.3%
vs prior filed quarter
Top-10 Concentration
+85.5%
share of reported value
Largest Position
+30.2%
Ishares Core S P 500 Etf
New / Exited
6 / 4
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: 98.5%Other: 1.5%Common Stock: 0.0%
  • ETP · 98.5% · $7.3B
  • Other · 1.5% · $109M
  • Common Stock · 0.0% · $5,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QVMLINVESCO S P 500 QVM MULTI FANEW+29.98M29.98M+$751M$751M
JPMORGAN BETABUILDERS JAPANNEW+6.40M6.40M+$361M$361M
QVMMINVESCO S P MIDCAP 400 QVM MNEW+8.02M8.02M+$200M$200M
EMHCSPDR BLOOMBERG BARCLAYS EMERNEW+5.85M5.85M+$180M$180M
INVESCO S P SMALLCAP 600 QVMNEW+2.01M2.01M+$50M$50M
MLKNHERMAN MILLER INCNEW+102102+$5,000$5,000
RINGISHARES MSCI GLOBAL GOLD MINADDED+1.49M2.47M+$42M$69M
JPMORGAN BETABUILDERS JAPANSOLD OUT−7.15M0−$204M$0

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

Holdings — Q2 2021

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVVISHARES CORE S P 500 ETFhistory →COM30.16%$2.2B5.18M
2SPTISPDR PORT INT TREASURY TERMhistory →COM10.19%$752M23.23M
3QVMLINVESCO S P 500 QVM MULTI FAhistory →COM10.18%$751M29.98M
4SPTSSPDR PORT SHRT TRM TRSRYhistory →COM10.14%$749M24.43M
5IJHISHARES CORE S P MIDCAP ETFhistory →COM6.35%$468M1.74M
6JPMORGAN BETABUILDERS JAPANCOM4.90%$361M6.40M
7EMBISHARES JP MORGAN USD EMERGIhistory →COM4.48%$331M2.94M
8TLTISHARES 20 YEAR TREASURY BOhistory →COM3.91%$289M2.00M
9QVMMINVESCO S P MIDCAP 400 QVM Mhistory →COM2.72%$200M8.02M
10EMHCSPDR BLOOMBERG BARCLAYS EMERhistory →COM2.45%$180M5.85M
11IEMGISHARES CORE MSCI EMERGINGhistory →COM2.42%$178M2.66M
12EBNDSPDR BBG BARC EM LOCAL BONDhistory →COM2.14%$158M5.97M
13IEFISHARES 7 10 YEAR TREASURY Bhistory →COM1.73%$128M1.11M
14GATOS SILVER INCCOM1.47%$109M6.21M
15MBBISHARES MBS ETFhistory →COM0.99%$73M674.7K
16PICKISHARES MSCI GLOBAL METALShistory →COM0.99%$73M1.61M
17RINGISHARES MSCI GLOBAL GOLD MINhistory →COM0.94%$69M2.47M
18LEMBISHARES JP MORGAN EM LOCAL Chistory →COM0.70%$52M1.19M
19INVESCO S P SMALLCAP 600 QVMCOM0.68%$50M2.01M
20VGKVANGUARD FTSE EUROPE ETFhistory →COM0.66%$48M720.4K
21STIPISHARES 0 5 YEAR TIPS BOND Ehistory →COM0.48%$36M334.1K
22HYBBISHARES BB RATED CORP BONDhistory →COM0.40%$29M562.9K
23IJRISHARES CORE S P SMALL CAP Ehistory →COM0.39%$29M255.0K
24XLEENERGY SELECT SECTOR SPDRhistory →COM0.28%$21M386.3K
25SPIBSPDR PORT INT CORP BOND ETFCOM0.09%$7M177.4K
26SPSBSPDR PORT SHRT TRM CORP BNDCOM0.09%$6M205.1K
27SPTLSPDR PORT LNG TRM TRSRYCOM0.06%$5M115.8K
28SPYSPDR S P 500 ETF TRUSTCOM0.03%$2M5.3K
29MLKNHERMAN MILLER INCCOM0.00%$5,000102

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 ↗.