Municipal Employees' Retirement System of Michigan
Sector Allocation
- Other98.1%$8.9B
- Financials1.9%$168.8M
AUM History
13fpro.ai/research/fund/municipal-employees-retirement-system-of-michigan-1588873
Conviction and streaks
Diversifying · top 10 = 78.2%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- INVESCO$1.3B
- ISHARES$1.2B
- SS$1.0B
- SS$658.1M
- VANGUARD$588.3M
- SS$514.4M
- ISHARES$439.9M
- SCHWAB$429.0M
- INVESCO$428.2M
- SS$397.5M
- BONDBLOXXBB$302.2M
- INVESCO$249.4M
- ISHARES$246.5M
- BONDBLOXXJPM$211.8M
- SS$192.0M
IVZ
$159.3M- FRANKLIN$142.8M
- ISHARES$126.9M
- ISHARES$102.8M
- BONDBLOXX$64.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/municipal-employees-retirement-system-of-michigan-1588873
Municipal Employees' Retirement System of Michigan 13F holdings — Q2 2026
$9.1B portfolio (+2.8% QoQ) · 30 holdings · Q2 2026 13F · top 10 are 78% of the stock portfolio
- 1
INVESCO SP 500 QVM MULTIFA - COM
$1.3B
14.9% of stocks
-11%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
ISHARES CORE SP 500 ETF - COM
$1.2B
13.6% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 3
SS SPDR P INT TERM TSY ETF - COM
$1.0B
11.6% of stocks
-5%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
SS SPDR P ST TERM TSY ETF - COM
$658.1M
7.3% of stocks
-19%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
VANGUARD FTSE EUROPE ETF - COM
$588.3M
6.5% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
SS SPDR PF LNG TRM TSY EUSD - COM
$514.4M
5.7% of stocks
-15%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
ISHARES CORE SP MIDCAP ETF - COM
$439.9M
4.9% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 8
SCHWAB US TIPS ETF - COM
$429.0M
4.7% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 9
INVESCO SP MIDCAP 400 QVM M - COM
$428.2M
4.7% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— - 10
SS SPDR P INT C CORP ETF - COM
$397.5M
4.4% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | INVESCO SP 500 QVM MULTIFA - COM | $1.3B | 14.9% | -11% | — | — | — | — | |
| 2 | ISHARES CORE SP 500 ETF - COM | $1.2B | 13.6% | No change | — | — | — | — | |
| 3 | SS SPDR P INT TERM TSY ETF - COM | $1.0B | 11.6% | -5% | — | — | — | — | |
| 4 | SS SPDR P ST TERM TSY ETF - COM | $658.1M | 7.3% | -19% | — | — | — | — | |
| 5 | VANGUARD FTSE EUROPE ETF - COM | $588.3M | 6.5% | -2% | — | — | — | — | |
| 6 | SS SPDR PF LNG TRM TSY EUSD - COM | $514.4M | 5.7% | -15% | — | — | — | — | |
| 7 | ISHARES CORE SP MIDCAP ETF - COM | $439.9M | 4.9% | No change | — | — | — | — | |
| 8 | SCHWAB US TIPS ETF - COM | $429.0M | 4.7% | No change | — | — | — | — | |
| 9 | INVESCO SP MIDCAP 400 QVM M - COM | $428.2M | 4.7% | No change | — | — | — | — | |
| 10 | SS SPDR P INT C CORP ETF - COM | $397.5M | 4.4% | +1% | — | — | — | — |
All holdings — Municipal Employees' Retirement System of Michigan (Q2 2026)
30 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | BONDBLOXXBB RATED USD HY CB - COM | — | $302.2M | 3.3% | 7.37M | — | — | — | 13F |
| 12 | — | INVESCO SP SMALLCAP 600 QVM - COM | — | $249.4M | 2.8% | 7.11M | — | — | — | 13F |
| 13 | — | ISHARES CORE MSCI EMERGING - COMetf/fund | — | $246.5M | 2.7% | 2.98M | -10% | — | — | 13F |
| 14 | — | BONDBLOXXJPM USD EM MK 110 - COM | — | $211.8M | 2.3% | 4.71M | — | — | — | 13F |
| 15 | — | SS SPDR P HIGH YIELD ETF - COMetf/fund | — | $192.0M | 2.1% | 8.19M | — | — | — | 13F |
| 16 | Invesco Ltd. | Financials | $159.3M | 1.8% | 749K | New | 1 qtr | — | 13F | |
| 17 | — | FRANKLIN FTSE CANADA ETF - COMetf/fund | — | $142.8M | 1.6% | 2.77M | — | — | — | 13F |
| 18 | — | ISHARES FALLEN ANGELS ETF - COMetf/fund | — | $126.9M | 1.4% | 4.66M | +27% | — | — | 13F |
| 19 | — | ISHARES MSCI GLOBAL METALS - COMetf/fund | — | $102.8M | 1.1% | 1.77M | — | — | — | 13F |
| 20 | — | BONDBLOXX BBG 5 YR US TREAS - COM | — | $64.9M | 0.7% | 1.33M | — | — | — | 13F |
| 21 | — | ISHARES MSCI GLOBAL GOLD MIN - COMetf/fund | — | $50.2M | 0.6% | 777K | — | — | — | 13F |
| 22 | — | JPMORGAN BETABUILDERS CANADA - COM | — | $47.6M | 0.5% | 479K | -25% | — | — | 13F |
| 23 | — | SS ENERGY SELECT SECTOR - COMetf/fund | — | $25.2M | 0.3% | 475K | — | — | — | 13F |
| 24 | — | ISHARES COPPER AND METALS - COMetf/fund | — | $24.7M | 0.3% | 502K | — | — | — | 13F |
| 25 | — | BONDBLOXXB RATED USD HY CB - COM | — | $10.5M | 0.1% | 267K | — | — | — | 13F |
| 26 | $COIN | Coinbase Global, Inc. | Financials | $7.4M | 0.1% | 51K | — | |||
| 27 | — | BONDBLOXXCCCUSD HY CORP BD - COM | — | $4.4M | 0.1% | 122K | — | |||
| 28 | — | ISHARES CORE SP SMALLCAP E - COM | — | $3.6M | 0.0% | 24K | — | |||
| 29 | $FIGR | Figure Technology Solutions, Inc. | Financials | $2.1M | 0.0% | 69K | New | |||
| 30 | — | JPMORGAN BETABUILDERS DEVELO - COM | — | $526K | 0.0% | 8,785 | -97% |
What changed in Q2 2026
Against the previous quarter's 13F: 2 new, 2 added to, 8 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.
New positions (2)
Added to (2)
- ISHARES FALLEN ANGELS ETF - COM+27%
now $126.9M
- SS SPDR P INT C CORP ETF - COM+1%
now $397.5M
Trimmed (8)
- INVESCO SP 500 QVM MULTIFA - COM-11%
now $1.3B
- SS SPDR P ST TERM TSY ETF - COM-19%
now $658.1M
- SS SPDR PF LNG TRM TSY EUSD - COM-15%
now $514.4M
- SS SPDR P INT TERM TSY ETF - COM-5%
now $1.0B
- ISHARES CORE MSCI EMERGING - COM-10%
now $246.5M
- JPMORGAN BETABUILDERS DEVELO - COM-97%
now $526K
+2 more in the Excel export
Sold out (0)
No positions sold out this quarter.
Holdings by quarter
Every 13F Municipal Employees' Retirement System of Michigan has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Municipal Employees' Retirement System of Michigan?
Q2 2026 13F filed with the SEC on Aug 10, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Municipal Employees' Retirement System of Michigan's top 20 holdings: 51/100 (our AI quality score, weighted by position size; 2 of the 20 are scored)
Top 10 since filing
-9.7%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 13% over the last 4
Top 10 weight
78%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 2 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Municipal Employees' Retirement System of Michigan disclosed 30 positions worth $9.1B in its Form 13F-HR for Q2 2026. During the quarter the fund opened 2 new positions and exited 0 — including a new stake in $IVZ. The portfolio is most concentrated in Other (98.1% of disclosed assets). All figures are sourced directly from Municipal Employees' Retirement System of Michigan’s Form 13F-HR filing with the SEC under CIK 1588873.
Browse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Municipal Employees' Retirement System of Michigan
13F Pro is an AI hedge fund tracker and stock research platform. For Municipal Employees' Retirement System of Michigan (SEC CIK: 1588873), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Municipal Employees' Retirement System of Michigan's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.