Vault-13

Municipal Employees' Retirement System of Michigan

LANSING, MI · CIK 1588873 · 13F filing filed 2026-08-10

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

As an employer

US visa salary filings

Job titleFilingsMedianRange
ActuaryLansing, MI 1 $109,461
It Data AnalystLansing, MI 1 $88,607

Source: US Department of Labor, Labor Condition Application disclosure data (certified, full-time, yearly equivalent). These are the salaries the employer committed to pay the visa roles it filed for, at least the prevailing wage for the job and place; they are not the pay of all its staff. Filed by: Municipal Employees' Retirement System of Michigan.

$9.1bn reported value +2.8% vs Q1 2026
30positions
78.2%in top 10
2 new 2 added 8 reduced 0 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 INVESCO EXCH TRADED FD TR II 500 QVM MULTI QVML QVML 30,516,713 $1.3bn14.88% 14.88% ReducedShares held: Q3 2025 34.1m, Q4 2025 34.1m, Q1 2026 34.1m, Q2 2026 30.5m -3.6m -3,615,297 -10.6%
2 ISHARES TR CORE S&P500 ETF IVV IVV 1,637,942 $1.2bn13.55% 13.55% UnchangedShares held: Q3 2025 1.5m, Q4 2025 1.4m, Q1 2026 1.6m, Q2 2026 1.6m
3 SPDR SER TR PORTFLI INTRMDIT SPTI SPTI 36,956,056 $1.0bn11.59% 11.59% ReducedShares held: Q3 2025 35.9m, Q4 2025 37.2m, Q1 2026 38.7m, Q2 2026 37.0m -1.7m -1,746,419 -4.5%
4 SPDR SER TR PORTFOLIO SH TSR SPTS SPTS 22,686,978 $658.1m7.27% 7.27% ReducedShares held: Q3 2025 21.9m, Q4 2025 25.9m, Q1 2026 28.1m, Q2 2026 22.7m -5.4m -5,398,227 -19.2%
5 VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF VGK VGK 6,644,476 $588.3m6.50% 6.50% ReducedShares held: Q3 2025 8.8m, Q4 2025 9.1m, Q1 2026 6.8m, Q2 2026 6.6m -120.4k -120,389 -1.8%
6 SPDR SER TR PORTFOLIO LN TSR SPTL SPTL 19,609,770 $514.4m5.68% 5.68% ReducedShares held: Q3 2025 12.6m, Q4 2025 15.4m, Q1 2026 23.0m, Q2 2026 19.6m -3.4m -3,389,982 -14.7%
7 ISHARES TR CORE S&P MCP ETF IJH IJH 5,705,045 $439.9m4.86% 4.86% UnchangedShares held: Q3 2025 4.6m, Q4 2025 4.6m, Q1 2026 5.7m, Q2 2026 5.7m
8 SCHWAB STRATEGIC TR US TIPS ETF SCHP SCHP 16,188,586 $429.0m4.74% 4.74% UnchangedShares held: Q3 2025 16.4m, Q4 2025 15.2m, Q1 2026 16.2m, Q2 2026 16.2m
9 INVESCO EXCH TRADED FD TR II S&P MIDCAP 400 QVMM QVMM 11,882,576 $428.2m4.73% 4.73% UnchangedShares held: Q3 2025 11.9m, Q4 2025 11.9m, Q1 2026 11.9m, Q2 2026 11.9m
10 SPDR SER TR PORTFOLIO INTRMD SPIB SPIB 11,879,902 $397.5m4.39% 4.39% AddedShares held: Q3 2025 13.0m, Q4 2025 11.7m, Q1 2026 11.7m, Q2 2026 11.9m +175.1k +175,134 1.5%
11 BONDBLOXX ETF TRUST BB RT USD HI YLD XBB XBB 7,372,511 $302.2m3.34% 3.34% UnchangedShares held: Q3 2025 6.2m, Q4 2025 7.4m, Q1 2026 7.4m, Q2 2026 7.4m
12 INVESCO EXCH TRADED FD TR II S&P SMALLCAP 600 QVMS QVMS 7,114,414 $249.4m2.76% 2.76% UnchangedShares held: Q3 2025 7.1m, Q4 2025 7.1m, Q1 2026 7.1m, Q2 2026 7.1m
13 ISHARES INC CORE MSCI EMKT IEMG IEMG 2,975,052 $246.5m2.72% 2.72% ReducedShares held: Q3 2025 4.8m, Q4 2025 5.2m, Q1 2026 3.3m, Q2 2026 3.0m -338.8k -338,777 -10.2%
14 BONDBLOXX ETF TRUST JP MORGAN USD EM XEMD XEMD 4,714,975 $211.8m2.34% 2.34% UnchangedShares held: Q3 2025 4.7m, Q4 2025 4.7m, Q1 2026 4.7m, Q2 2026 4.7m
15 SPDR SERIES TRUST PORTFLI HIGH YLD SPHY SPHY 8,191,734 $192.0m2.12% 2.12% UnchangedShares held: Q3 2025 6.0m, Q4 2025 6.0m, Q1 2026 8.2m, Q2 2026 8.2m
16 INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP RSP 748,708 $159.3m1.76% 1.76% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 748.7k
17 FRANKLIN TEMPLETON ETF TR FTSE CANADA FLCA FLCA 2,773,743 $142.8m1.58% 1.58% UnchangedShares held: Q3 2025 2.8m, Q4 2025 2.8m, Q1 2026 2.8m, Q2 2026 2.8m
18 ISHARES TR FALN ANGLS USD FALN FALN 4,657,064 $126.9m1.40% 1.40% AddedShares held: Q3 2025 3.5m, Q4 2025 3.7m, Q1 2026 3.7m, Q2 2026 4.7m +1.0m +1,000,000 27.3%
19 ISHARES INC MSCI GBL ETF NEW PICK PICK 1,767,862 $102.8m1.14% 1.14% UnchangedShares held: Q3 2025 3.0m, Q4 2025 2.7m, Q1 2026 1.8m, Q2 2026 1.8m
20 BONDBLOXX ETF TRUST BLOOMBERG FVE YR XFIV XFIV 1,332,525 $64.9m0.72% 0.72% UnchangedShares held: Q3 2025 704.1k, Q4 2025 704.1k, Q1 2026 1.3m, Q2 2026 1.3m
21 ISHARES INC MSCI GBL GOLD MN RING RING 776,753 $50.2m0.55% 0.55% UnchangedShares held: Q3 2025 1.4m, Q4 2025 844.1k, Q1 2026 776.8k, Q2 2026 776.8k
22 J P MORGAN EXCHANGE TRADED F BETABUILDERS CDA BBCA BBCA 478,673 $47.6m0.53% 0.53% ReducedShares held: Q3 2025 940.6k, Q4 2025 909.5k, Q1 2026 639.6k, Q2 2026 478.7k -160.9k -160,949 -25.2%
23 SELECT SECTOR SPDR TR ENERGY XLE XLE 474,882 $25.2m0.28% 0.28% UnchangedShares held: Q3 2025 720.3k, Q4 2025 991.3k, Q1 2026 474.9k, Q2 2026 474.9k
24 ISHARES TR COPPER & METALS ICOP ICOP 501,672 $24.7m0.27% 0.27% UnchangedShares held: Q3 2025 784.3k, Q4 2025 784.3k, Q1 2026 501.7k, Q2 2026 501.7k
25 BONDBLOXX ETF TRUST B RT USD HI YLD XB XB 266,860 $10.5m0.12% 0.12% UnchangedShares held: Q3 2025 266.9k, Q4 2025 266.9k, Q1 2026 266.9k, Q2 2026 266.9k
26 COINBASE GLOBAL INC COM CL A COIN COIN 50,757 $7.4m0.08% 0.08% UnchangedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 50.8k, Q2 2026 50.8k
27 BONDBLOXX ETF TRUST CCC RT USD HI YL XCCC XCCC 121,654 $4.4m0.05% 0.05% UnchangedShares held: Q3 2025 121.7k, Q4 2025 121.7k, Q1 2026 121.7k, Q2 2026 121.7k
28 ISHARES TR CORE S&P SCP ETF IJR IJR 24,129 $3.6m0.04% 0.04% UnchangedShares held: Q3 2025 24.1k, Q4 2025 24.1k, Q1 2026 24.1k, Q2 2026 24.1k
29 FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR FIGR 68,729 $2.1m0.02% 0.02% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 68.7k
30 J P MORGAN EXCHANGE TRADED F BETABUILDERS DEV BBAX BBAX 8,785 $526.0k0.01% 0.01% ReducedShares held: Q3 2025 298.8k, Q4 2025 298.8k, Q1 2026 298.8k, Q2 2026 8.8k -290.0k -290,000 -97.1%