Q2 2026 13F · SEC CIK 1588873

Municipal Employees' Retirement System of Michigan

Pension fundFiled 2026-08-10 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $9.1B
Reported positions: 30
Top holdings a year, 3 yrs: +10.6%
Average holding period: 5.8 yrs

Municipal Employees' Retirement System of Michigan is a pension fund that reported 30 positions worth $9.1B in its Q2 2026 13F, filed 2026-08-10. Its largest holdings were Invesco Exch Traded Fd Tr II (QVML, 14.9%), Ishares Tr (IVV, 13.6%), Spdr Series Trust (SPTI, 11.6%). A portfolio copying its top holdings returned 10.6% a year over the last 3 years, against 20.4% for the S&P 500.

Municipal Employees' Retirement System of Michigan holdings all 30 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Municipal Employees' Retirement System of Michigan 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
QVMLInvesco Exch Traded Fd Tr II	14.9%	14.8%	30,516,713	-10.6%	$1.3B
IVVIshares Tr	13.6%	12.1%	1,637,942	+0.0%	$1.2B
SPTISpdr Series Trust	11.6%	12.6%	36,956,056	-4.5%	$1.0B
SPTSSpdr Series Trust	7.3%	9.3%	22,686,978	-19.2%	$658.1M
VGKVanguard Ftse Europe ETF	6.5%	6.3%	6,644,476	-1.8%	$588.3M
SPTLSpdr Series Trust	5.7%	6.9%	19,609,770	-14.7%	$514.4M
IJHIshares Tr	4.9%	4.4%	5,705,045	+0.0%	$439.9M
SCHPSchwab Strategic Tr	4.7%	4.9%	16,188,586	+0.0%	$429.0M
QVMMInvesco Sp Midcap 400 Qvm M	4.7%	4.3%	11,882,576	+0.0%	$428.2M
SPIBSpdr Series Trust	4.4%	4.5%	11,879,902	+1.5%	$397.5M
XBBBondbloxx ETF Trust	3.3%	3.4%	7,372,511	+0.0%	$302.2M
QVMSInvesco Sp Smallcap 600 Qvm	2.8%	2.4%	7,114,414	+0.0%	$249.4M
IEMGIshares Inc	2.7%	2.6%	2,975,052	-10.2%	$246.5M
XEMDBondbloxx ETF Trust	2.3%	2.4%	4,714,975	+0.0%	$211.8M
SPHYSpdr Series Trust	2.1%	2.2%	8,191,734	+0.0%	$192.0M
RSPInvesco Exchange Traded Fd T	1.8%	New	748,708	—	$159.3M
FLCAFranklin Templeton ETF Tr	1.6%	1.5%	2,773,743	+0.0%	$142.8M
FALNIshares Tr	1.4%	1.1%	4,657,064	+27.3%	$126.9M
PICKIshares Inc	1.1%	1.1%	1,767,862	+0.0%	$102.8M
XFIVBondbloxx ETF Trust	0.7%	0.7%	1,332,525	+0.0%	$64.9M
RINGIshares Inc	0.6%	0.7%	776,753	+0.0%	$50.2M
BBCAJ P Morgan Exchange Traded F	0.5%	0.7%	478,673	-25.2%	$47.6M
XLESelect Sector Spdr Tr	0.3%	0.3%	474,882	+0.0%	$25.2M
ICOPIshares Tr	0.3%	0.3%	501,672	+0.0%	$24.7M
XBBondbloxxb Rated Usd Hy Cb	0.1%	0.1%	266,860	+0.0%	$10.5M
COINCoinbase Global Inc	0.1%	0.1%	50,757	+0.0%	$7.4M
XCCCBondbloxx ETF Trust	0.0%	0.1%	121,654	+0.0%	$4.4M
IJRIshares Tr	0.0%	0.0%	24,129	+0.0%	$3.6M
FIGRFigure Technology Solutio	0.0%	New	68,729	—	$2.1M
BBAXJ P Morgan Exchange Traded F	0.0%	0.2%	8,785	-97.1%	$526K

What Municipal Employees' Retirement System of Michigan bought and sold in Q2 2026, against Q1 2026.

Sold out

Nothing sold out.

Share counts compared with the Q1 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +11.7% /yr; S&P 500 +20.1%
3 years: +10.6% /yr; S&P 500 +20.4%
5 years: +4.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$9.1B	30
Q1 2026	$8.8B	28
Q4 2025	$8.8B	36
Q3 2025	$8.6B	45
Q2 2025	$8.3B	45
Q1 2025	$7.9B	46
Q4 2024	$7.3B	49
Q3 2024	$7.6B	49
Q2 2024	$7.2B	49
Q1 2024	$7.8B	45
Q4 2023	$7.5B	46
Q3 2023	$7.2B	49

Questions about Municipal Employees' Retirement System of Michigan's portfolio

What stocks does Municipal Employees' Retirement System of Michigan own?

Municipal Employees' Retirement System of Michigan's latest 13F, for Q2 2026 and filed Aug 10, 2026, lists 30 positions worth $9.1B. The largest are Invesco Exch Traded Fd Tr II (QVML) at 14.9%, Ishares Tr (IVV) at 13.6%, Spdr Series Trust (SPTI) at 11.6%, Spdr Series Trust (SPTS) at 7.3% and Vanguard Ftse Europe ETF (VGK) at 6.5%.

What did Municipal Employees' Retirement System of Michigan buy last quarter?

In Q2 2026, Municipal Employees' Retirement System of Michigan added a new position in Invesco Exchange Traded Fd T (RSP), a new position in Figure Technology Solutio (FIGR) and Ishares Tr (FALN) (+27.3% shares), compared with its Q1 2026 filing.

What did Municipal Employees' Retirement System of Michigan sell last quarter?

In Q2 2026, Municipal Employees' Retirement System of Michigan J P Morgan Exchange Traded F (BBAX) (-97.1% shares), J P Morgan Exchange Traded F (BBCA) (-25.2% shares) and Spdr Series Trust (SPTS) (-19.2% shares), compared with its Q1 2026 filing.

How has Municipal Employees' Retirement System of Michigan's portfolio performed?

A portfolio copying Municipal Employees' Retirement System of Michigan's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.6% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +11.7% against +20.1%. Over 5 years: +4.1% a year against +11.6%.

When is Municipal Employees' Retirement System of Michigan's next 13F filing due?

13F filings are due 45 days after each quarter ends. Municipal Employees' Retirement System of Michigan's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.