Municipal Employees' Retirement System of Michigan Q2 2025 Filing
Filed August 4, 2025
Portfolio Value
$8.3B
Holdings
45
Report Date
Q2 2025
Filing Type
13F-HR
All Holdings (45 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | QVMLINVESCO SP 500 QVM MULTIFA | 34,132,010 | $1.2B | 15.04% | |
| 2 | SPTISPDR PORT INT TREASURY TERM | 35,861,653 | $1.0B | 12.42% | |
| 3 | IVVISHARES CORE SP 500 ETF | 1,481,662 | $920.0M | 11.07% | |
| 4 | VGKVANGUARD FTSE EUROPE ETF | 8,835,451 | $684.7M | 8.24% | |
| 5 | SPTSSPDR PORT SHRT TRM TRSRY | 21,942,738 | $642.7M | 7.73% | |
| 6 | SCHPSCHWAB US TIPS ETF | 16,401,227 | $437.6M | 5.27% | |
| 7 | SPIBSPDR PORT INT CORP BOND ETF | 12,968,096 | $435.5M | 5.24% | |
| 8 | QVMMINVESCO SP MIDCAP 400 QVM M | 11,882,576 | $341.5M | 4.11% | |
| 9 | SPTLSPDR PORT LNG TRM TRSRY | 12,629,575 | $335.7M | 4.04% | |
| 10 | IEMGISHARES CORE MSCI EMERGING | 4,773,111 | $286.5M | 3.45% | |
| 11 | IJHISHARES CORE SP MIDCAP ETF | 4,555,207 | $282.5M | 3.40% | |
| 12 | XBBBONDBLOXXBB RATED USD HY CB | 6,227,640 | $256.5M | 3.09% | |
| 13 | XEMDBONDBLOXXJPM USD EM MK 110 | 4,698,046 | $203.1M | 2.44% | |
| 14 | QVMSINVESCO SP SMALLCAP 600 QVM | 7,114,414 | $183.0M | 2.20% | |
| 15 | SPHYSPDR PORTFOLIO HIGH YIELD BO | 5,954,325 | $141.7M | 1.71% | |
| 16 | FLCAFRANKLIN FTSE CANADA ETF | 2,773,743 | $115.8M | 1.39% | |
| 17 | PICKISHARES MSCI GLOBAL METALS | 3,032,992 | $114.0M | 1.37% | |
| 18 | FALNISHARES FALLEN ANGELS ETF | 3,476,559 | $94.4M | 1.14% | |
| 19 | BBCAJPMORGAN BETABUILDERS CANADA | 940,556 | $75.9M | 0.91% | |
| 20 | RINGISHARES MSCI GLOBAL GOLD MIN | 1,372,210 | $60.1M | 0.72% | |
| 21 | XONEBONDBLOXX BBG 1 DUR US TREAS | 1,178,547 | $58.5M | 0.70% | |
| 22 | AGFIRST MAJESTIC SILVER CORP | 6,151,289 | $50.9M | 0.61% | |
| 23 | XFIVBONDBLOXX BBG 5 YR US TREAS | 704,064 | $34.7M | 0.42% | |
| 24 | XLEENERGY SELECT SECTOR SPDR | 360,126 | $30.5M | 0.37% | |
| 25 | ICOPISHARES COPPER AND METALS | 784,271 | $23.4M | 0.28% | |
| 26 | XHLFBONDBLOXX BBG 6 MTH US TREAS | 448,334 | $22.6M | 0.27% | |
| 27 | XTWOBONDBLOXX BBG 2Y US TSY ETF | 416,558 | $20.6M | 0.25% | |
| 28 | XTREBONDBLOXX BBG 3Y US TSY ETF | 402,313 | $20.0M | 0.24% | |
| 29 | XSVNBONDBLOXX BBG 7 YR US TREAS | 403,857 | $19.3M | 0.23% | |
| 30 | XTENBONDBLOXX BBG 10Y US TSY ETF | 403,452 | $18.6M | 0.22% | |
| 31 | BBAXJPMORGAN BETABUILDERS DEVELO | 298,785 | $16.3M | 0.20% | |
| 32 | XTWYBONDBLOXX BBG 20Y US TSY ETF | 420,244 | $16.2M | 0.20% | |
| 33 | SPYMSPDR PORTFOLIO SP 500 ETF | 188,205 | $13.7M | 0.16% | |
| 34 | STIPISHARES 05 YEAR TIPS BOND E | 121,200 | $12.5M | 0.15% | |
| 35 | SPDWSPDR PORTFOLIO DEVELOPED WOR | 276,169 | $11.2M | 0.13% | |
| 36 | XBBONDBLOXXB RATED USD HY CB | 266,860 | $10.6M | 0.13% | |
| 37 | VGSHVANGUARD SHORTTERM TREASURY | 142,206 | $8.4M | 0.10% | |
| 38 | SPSBSPDR PORT SHRT TRM CORP BND | 228,061 | $6.9M | 0.08% | |
| 39 | MBBISHARES MBS ETF | 67,551 | $6.3M | 0.08% | |
| 40 | XCCCBONDBLOXXCCCUSD HY CORP BD | 121,654 | $4.7M | 0.06% | |
| 41 | SPEMSPDR PORTFOLIO EMERGING MARK | 107,144 | $4.6M | 0.06% | |
| 42 | IJRISHARES CORE SP SMALLCAP E | 24,129 | $2.6M | 0.03% | |
| 43 | HYBBISHARES BB RATED CORP BOND | 38,566 | $1.8M | 0.02% | |
| 44 | SPMDSPDR PORTFOLIO SP 400 MID C | 26,947 | $1.5M | 0.02% | |
| 45 | SPSMSPDR PORTFOLIO SP 600 SMALL | 16,642 | $709K | 0.01% |