Municipal Employees' Retirement System of Michigan recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
1134 MUNICIPAL WAY LANSING, MI 48917
As of the latest 13F report, the guru’s equity portfolio contained 45 stocks valued at a total of $6.16Bil. The top holdings were IVV(15.42%), QVML(11.64%), and IPAC(11.09%).
According to GuruFocus data, these were Municipal Employees' Retirement System of Michigan’s top five trades of the quarter.
Vanguard FTSE Europe ETF
During the quarter, Municipal Employees' Retirement System of Michigan bought 2,326,066 shares of ARCA:VGK for a total holding of 4,484,595. The trade had a 2.1% impact on the equity portfolio. During the quarter, the stock traded for an average price of $52.45.
On 02/10/2023, Vanguard FTSE Europe ETF traded for a price of $60.08 per share and a market cap of $17.20Bil. The stock has returned -6.45% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, Vanguard FTSE Europe ETF has a price-earnings ratio of 12.91 and a price-book ratio of 1.77.
iShares J.P. Morgan USD Emerging Markets Bond ETF
During the quarter, Municipal Employees' Retirement System of Michigan bought 744,971 shares of NAS:EMB for a total holding of 3,366,467. The trade had a 1.02% impact on the equity portfolio. During the quarter, the stock traded for an average price of $81.77.
On 02/10/2023, iShares J.P. Morgan USD Emerging Markets Bond ETF traded for a price of $85.86 per share and a market cap of $17.45Bil. The stock has returned -12.51% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
iShares Core MSCI Emerging Markets ETF
During the quarter, Municipal Employees' Retirement System of Michigan bought 1,155,693 shares of ARCA:IEMG for a total holding of 11,005,033. The trade had a 0.88% impact on the equity portfolio. During the quarter, the stock traded for an average price of $44.98.
On 02/10/2023, iShares Core MSCI Emerging Markets ETF traded for a price of $49.57 per share and a market cap of $70.70Bil. The stock has returned -15.75% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI Emerging Markets ETF has a price-earnings ratio of 10.77 and a price-book ratio of 1.58.
iShares Core S&P 500 ETF
Municipal Employees' Retirement System of Michigan reduced their investment in ARCA:IVV by 119,725 shares. The trade had a 0.77% impact on the equity portfolio. During the quarter, the stock traded for an average price of $384.6.
On 02/10/2023, iShares Core S&P 500 ETF traded for a price of $409.96 per share and a market cap of $308.01Bil. The stock has returned -7.72% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core S&P 500 ETF has a price-earnings ratio of 20.38 and a price-book ratio of 3.76.
iShares Core MSCI Europe ETF
The guru sold out of their 682,819-share investment in ARCA:IEUR. Previously, the stock had a 0.48% weight in the equity portfolio. Shares traded for an average price of $44.86 during the quarter.
On 02/10/2023, iShares Core MSCI Europe ETF traded for a price of $51.49 per share and a market cap of $4.14Bil. The stock has returned -6.47% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, iShares Core MSCI Europe ETF has a price-earnings ratio of 13.04 and a price-book ratio of 1.78.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
