Municipal Employees' Retirement System of Michigan — 13F Holdings & Portfolio
CIK 1588873 · latest 13F-HR filed 2026-02-06
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.
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AUM
$8.8M
Long-equity book
Holdings
38
Distinct positions
Period
2025-12-31
Filed 2026-02-06
Q/Q Activity
+0 / −9 / ↑8 / ↓5
vs 2025-09-30
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- SS SPDR P ST TERM TSY ETF$114.4K +17.8%
- SS SPDR PF LNG TRM TSY EUSD$67.2K +19.7%
- VANGUARD FTSE EUROPE ETF$58.8K +8.3%
- BONDBLOXXBB RATED USD HY CB$45.9K +17.8%
- ISHARES CORE MSCI EMERGING$36.8K +11.7%
Top Trims
- SS SPDR P INT C CORP ETF-$43.8K -10.0%
- SCHWAB US TIPS ETF-$38.1K -8.6%
- ISHARES MSCI GLOBAL GOLD MIN-$26.6K -30.0%
- ISHARES 05 YEAR TIPS BOND E-$2.8K -22.0%
- VANGUARD SHORTTERM TREASURY-$553 -6.6%
Exited Positions
- BONDBLOXX BBG 6 MTH US TREAS$22.6K
- STATE STREET SPDR PORTFOLIO$14.7K
- FIRST MAJESTIC SILVER CORP$13.8K
- SPDR PORTFOLIO DEVELOPED WOR$11.8K
- ISHARES MBS ETF$6.4K
All Holdings
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 S&P 500 QVM MULTIFA | QVML | 46138G581 | $1.4M | 15.51% | 34,132,010 | SH |
| 2 | SS SPDR P INT TERM TSY ETF | SPTI | 78464A672 | $1.1M | 12.15% | 37,247,174 | SH |
| 3 | ISHARES CORE S&P 500 ETF | IVV | 464287200 | $946.1K | 10.70% | 1,381,225 | SH |
| 4 | VANGUARD FTSE EUROPE ETF | VGK | 922042874 | $763.9K | 8.64% | 9,136,296 | SH |
| 5 | SS SPDR P ST TERM TSY ETF | SPTS | 78468R101 | $757.3K | 8.57% | 25,865,260 | SH |
| 6 | SS SPDR PF LNG TRM TSY EUSD | SPTL | 78464A664 | $407.6K | 4.61% | 15,397,326 | SH |
| 7 | SCHWAB US TIPS ETF | SCHP | 808524870 | $403.9K | 4.57% | 15,248,383 | SH |
| 8 | SS SPDR P INT C CORP ETF | SPIB | 78464A375 | $395.7K | 4.48% | 11,704,768 | SH |
| 9 | INVESCO S&P MIDCAP 400 QVM M | QVMM | 46138G573 | $365.7K | 4.14% | 11,882,576 | SH |
| 10 | ISHARES CORE MSCI EMERGING | IEMG | 46434G103 | $351.4K | 3.98% | 5,227,998 | SH |
| 11 | ISHARES CORE S&P MIDCAP ETF | IJH | 464287507 | $303.4K | 3.43% | 4,596,783 | SH |
| 12 | BONDBLOXXBB RATED USD HY CB | XBB | 09789C705 | $303.3K | 3.43% | 7,372,511 | SH |
| 13 | BONDBLOXXJPM USD EM MK 110 | XEMD | 09789C879 | $210.2K | 2.38% | 4,714,975 | SH |
| 14 | INVESCO S&P SMALLCAP 600 QVM | QVMS | 46138G565 | $200.9K | 2.27% | 7,114,414 | SH |
| 15 | ISHARES MSCI GLOBAL METALS & | PICK | 46434G848 | $136.5K | 1.54% | 2,658,856 | SH |
| 16 | FRANKLIN FTSE CANADA ETF | FLCA | 35473P827 | $134.0K | 1.52% | 2,773,743 | SH |
| 17 | SS SPDR P HIGH YIELD ETF | SPHY | 78468R606 | $132.9K | 1.50% | 5,615,522 | SH |
| 18 | ISHARES FALLEN ANGELS ETF | FALN | 46435G474 | $99.8K | 1.13% | 3,657,064 | SH |
| 19 | JPMORGAN BETABUILDERS CANADA | BBCA | 46641Q225 | $84.6K | 0.96% | 909,454 | SH |
| 20 | ISHARES MSCI GLOBAL GOLD MIN | RING | 46434G855 | $62.2K | 0.70% | 844,062 | SH |
| 21 | BONDBLOXX BBG 1 DUR US TREAS | XONE | 09789C861 | $58.4K | 0.66% | 1,178,547 | SH |
| 22 | SS ENERGY SELECT SECTOR | XLE | 81369Y506 | $44.3K | 0.50% | 991,274 | SH |
| 23 | BONDBLOXX BBG 5 YR US TREAS | XFIV | 09789C838 | $34.8K | 0.39% | 704,064 | SH |
| 24 | ISHARES COPPER AND METALS | ICOP | 46436E189 | $34.8K | 0.39% | 784,271 | SH |
| 25 | BONDBLOXX BBG 2Y US TSY ETF | XTWO | 09789C853 | $20.6K | 0.23% | 416,558 | SH |
| 26 | BONDBLOXX BBG 3Y US TSY ETF | XTRE | 09789C846 | $20.0K | 0.23% | 402,313 | SH |
| 27 | BONDBLOXX BBG 7 YR US TREAS | XSVN | 09789C820 | $19.4K | 0.22% | 403,857 | SH |
| 28 | BONDBLOXX BBG 10Y US TSY ETF | XTEN | 09789C812 | $18.6K | 0.21% | 403,452 | SH |
| 29 | JPMORGAN BETABUILDERS DEVELO | BBAX | 46641Q233 | $16.8K | 0.19% | 298,785 | SH |
| 30 | BONDBLOXX BBG 20Y US TSY ETF | XTWY | 09789C796 | $15.9K | 0.18% | 420,244 | SH |
| 31 | BONDBLOXXB RATED USD HY CB | XB | 09789C804 | $10.5K | 0.12% | 266,860 | SH |
| 32 | ISHARES 05 YEAR TIPS BOND E | STIP | 46429B747 | $9.8K | 0.11% | 95,402 | SH |
| 33 | SS SPDR P HIGH YIELD ETF | SPHY | 78468R606 | $9.1K | 0.10% | 385,334 | SH |
| 34 | VANGUARD SHORTTERM TREASURY | VGSH | 92206C102 | $7.8K | 0.09% | 133,074 | SH |
| 35 | SS SPDR P ST C CORP ETF | SPSB | 78464A474 | $6.9K | 0.08% | 228,061 | SH |
| 36 | BONDBLOXXCCCUSD HY CORP BD | XCCC | 09789C887 | $4.6K | 0.05% | 121,654 | SH |
| 37 | ISHARES CORE S&P SMALLCAP E | IJR | 464287804 | $2.9K | 0.03% | 24,129 | SH |
| 38 | SS SPDR P ST TERM TSY ETF | SPTS | 78468R101 | $425 | 0.00% | 14,502 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-12-31 | 2026-02-06 | $8.8M | 38 | 0001588873-26-000002 |
| 2025-09-30 | 2025-11-12 | $8.6M | 54 | 0001588873-25-000007 |