Latest Municipal Employees' Retirement System of Michigan Stock Portfolio
$8.81Billion– No. of Holdings #28
Municipal Employees' Retirement System of Michigan Performance:
2026 Q1: -0.84%YTD: -0.84%2025: 11.5%
Performance for 2026 Q1 is -0.84%, and YTD is -0.84%, and 2025 is 11.5%.
About Municipal Employees' Retirement System of Michigan and 13F Hedge Fund Stock Holdings
On 2026-05-11, the fund reported it's updated stock portfolio. In the 13F Holdings report, Municipal Employees' Retirement System of Michigan reported an equity portfolio of $8.8 Billions as of 31 Mar, 2026.
The top stock holdings of Municipal Employees' Retirement System of Michigan are BAB, BIL, IJR. The fund has invested 14.8% of it's portfolio in INVESCO S&P 500 QVM MULTIFA and 12.6% of portfolio in SS SPDR P INT TERM TSY ETF.
The fund managers got completely rid off BONDBLOXX BBG 1 DUR US TREAS (XHYC), ISHARES 05 YEAR TIPS BOND E (AMPS) and VANGUARD SHORTTERM TREASURY (BNDW) stocks. They significantly reduced their stock positions in SS ENERGY SELECT SECTOR (XLB), ISHARES CORE MSCI EMERGING (EMGF) and ISHARES COPPER AND METALS (DMXF). Municipal Employees' Retirement System of Michigan opened new stock positions in COINBASE GLOBAL INC (COIN). The fund showed a lot of confidence in some stocks as they added substantially to BONDBLOXX BBG 5 YR US TREAS (XHYC), SS SPDR PF LNG TRM TSY EUSD (BIL) and ISHARES CORE S&P MIDCAP ETF (IJR).
The top stock holdings of Municipal Employees' Retirement System of Michigan are BAB, BIL, IJR. The fund has invested 14.8% of it's portfolio in INVESCO S&P 500 QVM MULTIFA and 12.6% of portfolio in SS SPDR P INT TERM TSY ETF.
The fund managers got completely rid off BONDBLOXX BBG 1 DUR US TREAS (XHYC), ISHARES 05 YEAR TIPS BOND E (AMPS) and VANGUARD SHORTTERM TREASURY (BNDW) stocks. They significantly reduced their stock positions in SS ENERGY SELECT SECTOR (XLB), ISHARES CORE MSCI EMERGING (EMGF) and ISHARES COPPER AND METALS (DMXF). Municipal Employees' Retirement System of Michigan opened new stock positions in COINBASE GLOBAL INC (COIN). The fund showed a lot of confidence in some stocks as they added substantially to BONDBLOXX BBG 5 YR US TREAS (XHYC), SS SPDR PF LNG TRM TSY EUSD (BIL) and ISHARES CORE S&P MIDCAP ETF (IJR).
Municipal Employees' Retirement System of Michigan Equity Portfolio Value
Last Reported on: 11 May, 2026
Municipal Employees' Retirement System of Michigan Annual Return Estimates Vs S&P 500
Our best estimate is that Municipal Employees' Retirement System of Michigan made a return of -0.84% in the last quarter. In trailing 12 months, it's portfolio return was 10.05%.
- Performance
- S&P 500
New Buys
| Ticker | $ Bought |
|---|---|
| coinbase global inc | 8,863,000 |
New stocks bought by Municipal Employees' Retirement System of Michigan
Additions
| Ticker | % Inc. |
|---|---|
| bondbloxx bbg 5 yr us treas | 89.26 |
| ss spdr pf lng trm tsy eusd | 49.37 |
| ss spdr p high yield etf | 36.51 |
| ishares core s&p midcap etf | 24.11 |
| ishares core s&p 500 etf | 18.59 |
| ss spdr p st term tsy etf | 8.52 |
| schwab us tips etf | 6.17 |
| ss spdr p int term tsy etf | 3.91 |
Additions to existing portfolio by Municipal Employees' Retirement System of Michigan
Reductions
| Ticker | % Reduced |
|---|---|
| ss energy select sector | -52.09 |
| ishares core msci emerging | -36.61 |
| ishares copper and metals | -36.03 |
| ishares msci global metals & | -33.51 |
| jpmorgan betabuilders canada | -29.67 |
| vanguard ftse europe etf | -25.96 |
| ishares msci global gold min | -7.97 |
Municipal Employees' Retirement System of Michigan reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| bondbloxx bbg 1 dur us treas | -58,379,000 |
| bondbloxx bbg 20y us tsy etf | -15,902,000 |
| bondbloxx bbg 2y us tsy etf | -20,607,000 |
| bondbloxx bbg 7 yr us treas | -19,403,000 |
| bondbloxx bbg 10y us tsy etf | -18,648,000 |
| bondbloxx bbg 3y us tsy etf | -20,020,000 |
| ss spdr p st c corp etf | -6,887,000 |
| vanguard shortterm treasury | -7,815,000 |
Municipal Employees' Retirement System of Michigan got rid off the above stocks
Sector Distribution
Municipal Employees' Retirement System of Michigan has about 99.9% of it's holdings in Others sector.
- Others
| Sector | % |
|---|---|
| Others | 99.9 |
Market Cap. Distribution
Municipal Employees' Retirement System of Michigan has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.
- UNALLOCATED
| Category | % |
|---|---|
| UNALLOCATED | 99.9 |
Stocks belong to which Index?
About 0% of the stocks held by Municipal Employees' Retirement System of Michigan either belong to S&P 500 or RUSSELL 2000 index.
- Others
| Index | % |
|---|---|
| Others | 100 |
| Top 5 Winners (%) | % | |
|---|---|---|
| XLB | 27.4 % | |
| EMGF | 8.5 % | |
| EMGF | 7.0 % | |
| DMXF | 6.0 % | |
| BBAX | 5.6 % | |
| Top 5 Winners ($) | $ | |
|---|---|---|
| XLB | 12.1 M | |
| EMGF | 11.6 M | |
| BAB | 10.9 M | |
| EMGF | 10.8 M | |
| IJR | 7.9 M | |
| Top 5 Losers (%) | % | |
|---|---|---|
| BAB | -4.8 % | |
| IJR | -4.3 % | |
| XHYC | -4.3 % | |
| AGT | -2.1 % | |
| XHYC | -1.4 % | |
| Top 5 Losers ($) | $ | |
|---|---|---|
| BAB | -65.3 M | |
| IJR | -47.9 M | |
| VEU | -9.4 M | |
| BIL | -6.8 M | |
| XHYC | -3.4 M | |
Municipal Employees' Retirement System of Michigan Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of Municipal Employees' Retirement System of Michigan
Municipal Employees' Retirement System of Michigan has 28 stocks in it's portfolio. About 80.1% of the portfolio is in top 10 stocks. BAB proved to be the most loss making stock for the portfolio. XLB was the most profitable stock for Municipal Employees' Retirement System of Michigan last quarter.
Last Reported on: 11 May, 2026| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| AGT | ishares fallen angels etf | 1.11 | 3,657,060 | 97,717,000 | unchanged | 0.00 | ||
| AMPS | ishares 05 year tips bond e | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BAB | invesco s&p 500 qvm multifa | 14.83 | 34,132,000 | 1,306,070,000 | unchanged | 0.00 | ||
| BAB | invesco s&p midcap 400 qvm m | 4.28 | 11,882,600 | 376,605,000 | unchanged | 0.00 | ||
| BAB | invesco s&p smallcap 600 qvm | 2.35 | 7,114,410 | 207,281,000 | unchanged | 0.00 | ||
| BBAX | jpmorgan betabuilders canada | 0.68 | 639,622 | 60,163,000 | reduced | -29.67 | ||
| BBAX | jpmorgan betabuilders develo | 0.20 | 298,785 | 17,764,000 | unchanged | 0.00 | ||
| BIL | ss spdr p int term tsy etf | 12.60 | 38,702,500 | 1,109,210,000 | added | 3.91 | ||
| BIL | ss spdr p st term tsy etf | 9.30 | 28,085,200 | 819,526,000 | added | 8.52 | ||
| BIL | ss spdr pf lng trm tsy eusd | 6.87 | 22,999,800 | 604,893,000 | added | 49.37 | ||
| BIL | ss spdr p int c corp etf | 4.46 | 11,704,800 | 392,578,000 | unchanged | 0.00 | ||
| BIL | ss spdr p high yield etf | 2.17 | 8,191,730 | 191,031,000 | added | 36.51 | ||
| BIL | ss spdr p st c corp etf | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BNDW | vanguard shortterm treasury | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| BUYZ | franklin ftse canada etf | 1.54 | 2,773,740 | 135,747,000 | unchanged | 0.00 | ||
| COIN | coinbase global inc | 0.10 | 50,757 | 8,863,000 | new | |||
| DMXF | ishares copper and metals | 0.27 | 501,672 | 23,868,000 | reduced | -36.03 | ||
| EMGF | ishares core msci emerging | 2.62 | 3,313,830 | 231,140,000 | reduced | -36.61 | ||
| EMGF | ishares msci global metals & | 1.14 | 1,767,860 | 100,043,000 | reduced | -33.51 | ||
| EMGF | ishares msci global gold min | 0.70 | 776,753 | 61,348,000 | reduced | -7.97 | ||