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Municipal Employees' Retirement System of Michigan
hedge fundUpdated 31 days agoManaged by Municipal Employees' Retirement System Of Michigan • Latest filing Q2 2026
Portfolio value
$9.1B
Q2 2026
Filings
14
Quarterly 13F history
Top-10 concentration
100.0%
Weight of largest holdings
Annualized return
10.7%
Implied from 13F holdings
Portfolio value history
13F-disclosed portfolio value over 14 quarters
Show data table
| Period | Portfolio value |
|---|---|
| Q1 2023 | $6.5B |
| Q2 2023 | $7B |
| Q3 2023 | $7.2B |
| Q4 2023 | $7.5B |
| Q1 2024 | $7.8B |
| Q2 2024 | $7.2B |
| Q3 2024 | $7.6B |
| Q4 2024 | $7.3B |
| Q1 2025 | $7.9B |
| Q2 2025 | $8.3B |
| Q3 2025 | $8.6B |
| Q4 2025 | $8.8B |
| Q1 2026 | $8.8B |
| Q2 2026 | $9.1B |
Top holdings
32 positions as of Q2 2026
| # | Stock | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | ? N/A INVESCO SP 500 QVM MULTIFA | $1.3B | 30.52M | 14.88% | — |
| 2 | E ETHA ISHARES CORE SP 500 ETF | $1.2B | 1.64M | 13.55% | — |
| 3 | S STT-PG SS SPDR P INT TERM TSY ETF | $887.6M | 31.26M | 9.80% | — |
| 4 | S STT-PG SS SPDR P ST TERM TSY ETF | $658.1M | 22.69M | 7.27% | — |
| 5 | V VGES VANGUARD FTSE EUROPE ETF | $588.3M | 6.64M | 6.50% | — |
| 6 | E ETHA ISHARES CORE SP MIDCAP ETF | $439.9M | 5.71M | 4.86% | — |
| 7 | S SCHW-PJ SCHWAB US TIPS ETF | $429M | 16.19M | 4.74% | — |
| 8 | ? N/A INVESCO SP MIDCAP 400 QVM M | $428.2M | 11.88M | 4.73% | — |
| 9 | S STT-PG SS SPDR P INT C CORP ETF | $397.5M | 11.88M | 4.39% | — |
| 10 | S STT-PG SS SPDR PF LNG TRM TSY EUSD | $373.7M | 14.25M | 4.13% | — |
| 11 | ? N/A BONDBLOXXBB RATED USD HY CB | $302.2M | 7.37M | 3.34% | — |
| 12 | ? N/A INVESCO SP SMALLCAP 600 QVM | $249.4M | 7.11M | 2.76% | — |
| 13 | E ETHA ISHARES CORE MSCI EMERGING | $246.5M | 2.98M | 2.72% | — |
| 14 | ? N/A BONDBLOXXJPM USD EM MK 110 | $211.8M | 4.71M | 2.34% | — |
| 15 | S STT-PG SS SPDR P HIGH YIELD ETF | $192M | 8.19M | 2.12% | — |
| 16 | S STT-PG SS SPDR P INT TERM TSY ETF | $161.6M | 5.69M | 1.79% | — |
| 17 | I IVZ INVESCO SP 500 EQUAL WEIGHT | $159.3M | 748.7K | 1.76% | — |
| 18 | G GOOS FRANKLIN FTSE CANADA ETF | $142.8M | 2.77M | 1.58% | — |
| 19 | S STT-PG SS SPDR PF LNG TRM TSY EUSD | $140.7M | 5.36M | 1.55% | — |
| 20 | M MTN ISHARES FALLEN ANGELS ETF | $126.9M | 4.66M | 1.40% | — |