Municipal Employees' Retirement System of Michigan — 13F Holdings & Portfolio
CIK 1588873 · latest 13F-HR filed 2026-11-06
Municipal Employees' Retirement System of Michigan manages $8.92B in 13F-reported U.S. long-equity assets across 29 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are QVML (15.43%), SPTI (11.63%), IVV (11.44%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 0 new positions and exited 3; 9 existing positions rose in reported value and 13 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-11-06
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
5 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 79.1%Cumulative share of the portfolio held in the largest N positions.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- STA ST SP PO LT TR IX ETUSD$275.9M +53.6%
- SS PRT INT TRM CB IDX ETFUI$167.3M +42.1%
- SS SP PRT INT TRM TRE IDXUI$119.7M +11.4%
- SS SPDR PORT HY BD IN ETFUI$107.4M +56.0%
- BONDBLOXXBB RATED USD HY CB$76.2M +25.2%
Top Trims
- ISHARES CORE SP 500 ETF-$205.8M -16.8%
- VANGUARD FTSE EUROPE ETF-$195.0M -33.2%
- BONDBLOXXJPM USD EM MK 110-$151.4M -71.5%
- ISHARES CORE SP MIDCAP ETF-$102.3M -23.3%
- STA ST SP PS TM TR IX ETUSD-$98.4M -14.9%
Exited Positions
Show all 3 →Municipal Employees' Retirement System of Michigan Holdings (2026-09-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | INVESCO SP 500 QVM MULTIFA | QVML | 46138G581 | $1.38B | 15.43% | 30,516,713 | SH |
| 2 | SS SP PRT INT TRM TRE IDXUI | SPTI | 78464A672 | $1.04B | 11.63% | 38,039,767 | SH |
| 3 | ISHARES CORE SP 500 ETF | IVV | 464287200 | $1.02B | 11.44% | 1,333,008 | SH |
| 4 | SS PRT INT TRM CB IDX ETFUI | SPIB | 78464A375 | $564.8M | 6.33% | 17,495,882 | SH |
| 5 | STA ST SP PS TM TR IX ETUSD | SPTS | 78468R101 | $559.8M | 6.27% | 19,524,685 | SH |
| 6 | STA ST SP PO LT TR IX ETUSD | SPTL | 78464A664 | $441.7M | 4.95% | 18,518,179 | SH |
| 7 | SCHWAB US TIPS ETF | SCHP | 808524870 | $406.8M | 4.56% | 16,188,586 | SH |
| 8 | INVESCO SP MIDCAP 400 QVM M | QVMM | 46138G573 | $398.2M | 4.46% | 11,882,576 | SH |
| 9 | VANGUARD FTSE EUROPE ETF | VGK | 922042874 | $393.3M | 4.41% | 4,530,603 | SH |
| 10 | BONDBLOXXBB RATED USD HY CB | XBB | 09789C705 | $378.4M | 4.24% | 9,577,314 | SH |
| 11 | STA ST SP PO LT TR IX ETUSD | SPTL | 78464A664 | $348.6M | 3.91% | 14,618,240 | SH |
| 12 | ISHARES CORE SP MIDCAP ETF | IJH | 464287507 | $337.6M | 3.78% | 4,691,836 | SH |
| 13 | SS SPDR PORT HY BD IN ETFUI | SPHY | 78468R606 | $299.4M | 3.36% | 13,255,884 | SH |
| 14 | INVESCO SP SMALLCAP 600 QVM | QVMS | 46138G565 | $228.1M | 2.56% | 7,114,414 | SH |
| 15 | ISHARES CORE MSCI EMERGING | IEMG | 46434G103 | $208.6M | 2.34% | 2,569,995 | SH |
| 16 | INVESCO SP 500 EQUAL WEIGHT | RSP | 46137V357 | $155.7M | 1.75% | 748,708 | SH |
| 17 | FRANKLIN FTSE CANADA ETF | FLCA | 35473P827 | $144.6M | 1.62% | 2,773,743 | SH |
| 18 | SS SP PRT INT TRM TRE IDXUI | SPTI | 78464A672 | $131.2M | 1.47% | 4,807,900 | SH |
| 19 | ISHARES MSCI GLOBAL METALS | PICK | 46434G848 | $125.9M | 1.41% | 2,099,536 | SH |
| 20 | ISHARES FALLEN ANGELS ETF | FALN | 46435G474 | $94.0M | 1.05% | 3,624,997 | SH |
| 21 | ISHARES MSCI GLOBAL GOLD MIN | RING | 46434G855 | $70.1M | 0.79% | 915,665 | SH |
| 22 | BONDBLOXXJPM USD EM MK 110 | XEMD | 09789C879 | $60.4M | 0.68% | 1,404,456 | SH |
| 23 | SS ENERGY SELECT SECTOR | XLE | 81369Y506 | $52.5M | 0.59% | 853,449 | SH |
| 24 | JPMORGAN BETABUILDERS CANADA | BBCA | 46641Q225 | $42.1M | 0.47% | 419,262 | SH |
| 25 | ISHARES COPPER AND METALS | ICOP | 46436E189 | $28.9M | 0.32% | 542,513 | SH |
| 26 | BONDBLOXXB RATED USD HY CB | XB | 09789C804 | $10.2M | 0.11% | 266,860 | SH |
| 27 | BONDBLOXXCCCUSD HY CORP BD | XCCC | 09789C887 | $4.1M | 0.05% | 121,654 | SH |
| 28 | ISHARES CORE SP SMALLCAP E | IJR | 464287804 | $3.3M | 0.04% | 24,129 | SH |
| 29 | JPMORGAN BETABUILDERS DEVELO | BBAX | 46641Q233 | $542.0K | 0.01% | 8,785 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | $8.92B | 29 | 0001588873-26-000006 |
| 2026-06-30 | 2026-08-10 | $9.05B | 32 | 0001588873-26-000004 |
| 2026-03-31 | 2026-05-11 | $8.81B | 29 | 0001588873-26-000003 |
| 2025-12-31 | 2026-02-06 | $8.84B | 38 | 0001588873-26-000002 |
| 2025-09-30 | 2025-11-12 | $8.64B | 54 | 0001588873-25-000007 |
LANSING, MI 48917