SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Municipal Employees' Retirement System of Michigan

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

Reported Value
Under review
reported total failed a data-quality check
Positions
58
Filings on Record
30
2019–present window
Filed
Feb 10, 2023
original filing

Summary

Compared with Q3 2022, the fund opened 0 new positions and exited 1.

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: 99.6%Other: 0.4%
  • ETP · 99.6% · $6.2B
  • Other · 0.4% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VGKVANGUARD FTSE EUROPE ETFADDED+2.33M4.48M+$149M$249M
IEURISHARES CORE MSCI EUROPE ETFSOLD OUT−682.8K0−$27M$0
EMBISHARES JP MORGAN USD EMERGIADDED+745.0K3.37M+$77M$285M
SPTLSPDR PORT LNG TRM TRSRYTRIMMED−27.1K83.4K−$854,000$2M
HYBBISHARES BB RATED CORP BONDTRIMMED−9.3K34.5K−$352,000$2M
FLCAFRANKLIN FTSE CANADA ETFADDED+315.9K2.96M+$14M$88M
IEMGISHARES CORE MSCI EMERGINGADDED+1.16M11.01M+$91M$514M
XLEENERGY SELECT SECTOR SPDRADDED+28.9K330.3K+$7M$29M

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

Holdings — Q4 2022

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IVVISHARES CORE S P 500 ETFhistory →COM15.33%$950M2.47M
2QVMLINVESCO S P 500 QVM MULTI FAhistory →COM11.58%$717M31.06M
3IPACISHARES CORE MSCI PACIFIC EThistory →COM11.03%$683M12.73M
4IEMGISHARES CORE MSCI EMERGINGhistory →COM8.30%$514M11.01M
5SPTSSPDR PORT SHRT TRM TRSRYhistory →COM4.90%$303M10.50M
6SPTISPDR PORT INT TREASURY TERMhistory →COM4.79%$297M10.50M
7EMBISHARES JP MORGAN USD EMERGIhistory →COM4.60%$285M3.37M
8VGKVANGUARD FTSE EUROPE ETFhistory →COM4.01%$249M4.48M
9QVMMINVESCO S P MIDCAP 400 QVM Mhistory →COM3.94%$244M10.85M
10IJHISHARES CORE S P MIDCAP ETFhistory →COM3.49%$216M894.2K
11VGITVANGUARD INTERMEDIATE TERM Thistory →COM3.20%$198M3.39M
12XEMDBONDBLOXX JPM USD EM MK 1 10history →COM2.80%$174M4.40M
13ISVLISHARES INTERNATIONAL DEVELOhistory →COM2.24%$138M4.59M
14TLTISHARES 20 YEAR TREASURY BOhistory →COM1.98%$123M1.23M
15VGSHVANGUARD SHORT TERM TREASURYhistory →COM1.82%$113M1.95M
16EMHCSPDR BLOOMBERG EM USD BONDhistory →COM1.64%$102M4.36M
17INVESCO S P SMALLCAP 600 QVMCOM1.56%$97M4.44M
18PICKISHARES MSCI GLOBAL METALShistory →COM1.50%$93M2.27M
19FLCAFRANKLIN FTSE CANADA ETFhistory →COM1.42%$88M2.96M
20EBNDSPDR BLOOMBERG EM BONDhistory →COM1.07%$66M3.22M
21RINGISHARES MSCI GLOBAL GOLD MINhistory →COM1.04%$64M2.88M
22MBBISHARES MBS ETFhistory →COM0.80%$50M535.6K
23ISHARES IBOXX HIGH YLD CORPCOM0.64%$40M539.4K
24XBBBONDBLOXX BB RATED USD HY CBhistory →COM0.62%$38M996.4K
25USHYISHARES BROAD USD HIGH YIELDhistory →COM0.56%$35M1.01M
26XONEBONDBLOXX BBG 1 DUR US TREAShistory →COM0.56%$35M700.6K
27XTWOBONDBLOXX BBG 2Y US TSY ETFhistory →COM0.56%$35M702.4K
28XLEENERGY SELECT SECTOR SPDRhistory →COM0.47%$29M330.3K
29GATOS SILVER INCCOM0.41%$25M6.21M
30IJRISHARES CORE S P SMALL CAP Ehistory →COM0.39%$24M257.8K
31XHLFBONDBLOXX BBG 6 MTH US TREAShistory →COM0.32%$20M400.0K
32XTREBONDBLOXX BBG 3Y US TSY ETFhistory →COM0.32%$20M402.3K
33XFIVBONDBLOXX BBG 5 YR US TREAShistory →COM0.32%$20M403.4K
34XSVNBONDBLOXX BBG 7 YR US TREAShistory →COM0.31%$19M403.9K
35XTENBONDBLOXX BBG 10Y US TSY ETFhistory →COM0.31%$19M403.5K
36XTWYBONDBLOXX BBG 20Y US TSY ETFhistory →COM0.29%$18M400.6K
37STIPISHARES 0 5 YEAR TIPS BOND Ehistory →COM0.18%$11M116.2K
38XBBONDBLOXX B RATED USD HY CBhistory →COM0.16%$10M266.9K
39GDXJVANECK JUNIOR GOLD MINERSCOM0.16%$10M280.1K
40SPSBSPDR PORT SHRT TRM CORP BNDCOM0.09%$6M189.4K
41SGOVISHARES 0 3 MONTH TREASURY BCOM0.07%$4M44.4K
42XCCCBONDBLOXX CCC USD HY CORP BDCOM0.07%$4M121.7K
43SPIBSPDR PORT INT CORP BOND ETFCOM0.06%$4M122.0K
44SPTLSPDR PORT LNG TRM TRSRYCOM0.04%$2M83.4K
45HYBBISHARES BB RATED CORP BONDCOM0.02%$2M34.5K
46LEMBISHARES JP MORGAN EM LOCAL CCOM0.00%$1,00028

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 ↗.