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Municipal Employees' Retirement System of Michigan
The Municipal Employees' Retirement System of Michigan (MERS) is an independent, professional retirement services company headquartered in Lansing, Michigan. Established under Public Act 135 of 1945, MERS provides retirement plans and other post-employment benefits to employees of Michigan's local units of government. It operates as a not-for-profit pension fund managed by a nine-member retirement board and serves thousands of public sector employees. MERS issues annual financial reports and is regarded as one of the main public pension providers in the state, supporting municipal workers throughout Michigan.
Investment Strategy
MERS is a public pension fund focused on providing secure and sustainable retirement benefits for Michigan’s local government employees through defined benefit and defined contribution plans. It manages its investments under strict fiduciary standards and statutory guidelines (notably Public Employee Retirement System Investment Act), seeking long-term growth and risk-adjusted returns with a diversified portfolio spanning public equities, fixed income, private markets, and real assets. MERS prioritizes stability, transparency, and public accountability in its investment approach, aiming to fund member retirement obligations while maintaining the health of the plan.
Latest 13F Filing Activity
Municipal Employees' Retirement System of Michigan filed their most recent 13F report on Jun 30, 2025 disclosing 45 equity positions with a total 13F market value of $8B. The fund increased holdings in SPDR Port Int Corp. Bond Etf, Vanguard Ftse Europe Etf, Invesco SP 500 QVM Multifa among other positions. Municipal Employees' Retirement System of Michigan reduced exposure to Ishares Core Msci Pacific Et, JPMorgan Betabuilders Europe, Simplify MBS Etf among others.
Top Holdings
Equity Positions (45)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QVML | INVESCO SP 500 QVM MULTIFA | 15.04% | $1.25B | 34,132,010 | $25.89 | $36.62 | +$106.6M |
S SPTI | SPDR PORT INT TREASURY TERM | 12.42% | $1.03B | 35,861,653 | $28.03 | $28.77 | +$6.8M |
I IVV | ISHARES CORE SP 500 ETF | 11.07% | $920.0M | 1,481,662 | $344.50 | $620.90 | +$104.8M |
V VGK | VANGUARD FTSE EUROPE ETF | 8.24% | $684.7M | 8,835,451 | $68.13 | $77.50 | +$232.9M |
S SPTS | SPDR PORT SHRT TRM TRSRY | 7.73% | $642.7M | 21,942,738 | $29.40 | $29.29 | +$1.5M |
Industry Allocation
Investment Team (6)
| Name | Role | Location | |
|---|---|---|---|
 | Investment Analyst | Grand Rapids, MI , United States | |
 | Investment Officer and Portfolio Manager | East Lansing, MI , United States | |
F Furat Zomay | Investment Analyst | Detroit, MI , United States | |
 | Chief Investment Officer | Lansing, MI , United States | |
R Ryan Torgerson | Investment Officer and Portfolio Manager | Detroit, MI , United States | |
S Shakeyda I. | Cyber Security Analyst | Lansing, MI , United States |
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