Asset Manager
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Municipal Employees' Retirement System of Michigan
Market Value
$9.1B
+2.8%
Holdings
30
-7
New Purchases
2
Added To
2
Closed
0
Reduced
8
Top 10 Concentration
78.2%
Turnover
6.7%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| RSP | 1.76% | 0.00% | +1.76% | $159M |
| IVV | 13.55% | 12.15% | +1.40% | $1.2B |
| IJH | 4.86% | 4.37% | +0.48% | $440M |
| QVMM | 4.73% | 4.28% | +0.45% | $428M |
| QVMS | 2.76% | 2.35% | +0.40% | $249M |
| FALN | 1.40% | 1.11% | +0.29% | $127M |
| VGK | 6.50% | 6.33% | +0.17% | $588M |
| IEMG | 2.72% | 2.62% | +0.10% | $246M |
| QVML | 14.88% | 14.83% | +0.05% | $1.3B |
| FLCA | 1.58% | 1.54% | +0.04% | $143M |
| FIGR | 0.02% | 0.00% | +0.02% | $2M |
| IJR | 0.04% | 0.03% | +0.01% | $4M |
| ICOP | 0.27% | 0.27% | +0.00% | $25M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SPTS | 7.27% | 9.31% | -2.04% | $658M |
| SPTL | 5.68% | 6.87% | -1.19% | $514M |
| SPTI | 11.59% | 12.59% | -1.01% | $1.0B |
| BBAX | 0.01% | 0.20% | -0.20% | $526K |
| BBCA | 0.53% | 0.68% | -0.16% | $48M |
| SCHP | 4.74% | 4.89% | -0.15% | $429M |
| RING | 0.55% | 0.70% | -0.14% | $50M |
| XBB | 3.34% | 3.41% | -0.07% | $302M |
| SPIB | 4.39% | 4.46% | -0.07% | $398M |
| XLE | 0.28% | 0.33% | -0.05% | $25M |
| SPHY | 2.12% | 2.17% | -0.05% | $192M |
| XFIV | 0.72% | 0.74% | -0.03% | $65M |
| COIN | 0.08% | 0.10% | -0.02% | $7M |
| XEMD | 2.34% | 2.35% | -0.01% | $212M |
| XB | 0.12% | 0.12% | -0.00% | $10M |
Sector Allocation Over Time
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 1 | $1.2B | 13.5% |
| Large Cap | 11 | $2.5B | 28.0% |
| Mid Cap | 7 | $2.4B | 26.3% |
| Small Cap | 8 | $2.6B | 29.3% |
| Micro Cap | 3 | $264M | 2.9% |
Portfolio Analytics
Avg Market Cap
$53.5B
Median Market Cap
$6.0B
Avg P/E
25.9
Median P/E
25.9
Avg Dividend Yield
—%
Avg Beta
0.92
# Stocks
2
# ETFs / Funds
28
Top Holdings (30 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | QVML | 14.88% | 30,516,713 | $1.3B | $44.14 | $41M | -3,615,297 | -10.6% | |
| 2 | IVV | 13.55% | 1,637,942 | $1.2B | $748.89 | $157M | — | — | |
| 3 | SPTI | 11.59% | 36,956,056 | $1.0B | $28.39 | -$60M | -1,746,419 | -4.5% | |
| 4 | SPTS | 7.27% | 22,686,978 | $658M | $29.01 | -$161M | -5,398,227 | -19.2% | |
| 5 | VGK | 6.50% | 6,644,476 | $588M | $88.54 | $31M | -120,389 | -1.8% | |
| 6 | SPTL | 5.68% | 19,609,770 | $514M | $26.23 | -$91M | -3,389,982 | -14.7% | |
| 7 | IJH | 4.86% | 5,705,045 | $440M | $77.11 | $55M | — | — | |
| 8 | SCHP | 4.74% | 16,188,586 | $429M | $26.50 | -$2M | — | — | |
| 9 | QVMM | 4.73% | 11,882,576 | $428M | $36.03 | $52M | — | — | |
| 10 | SPIB | 4.39% | 11,879,902 | $398M | $33.46 | $5M | +175,134 | +1.5% | |
| 11 | XBB | 3.34% | 7,372,511 | $302M | $40.99 | $2M | — | — | |
| 12 | QVMS | 2.76% | 7,114,414 | $249M | $35.06 | $42M | — | — | |
| 13 | IEMG | 2.72% | 2,975,052 | $246M | $82.84 | $15M | -338,777 | -10.2% | |
| 14 | XEMD | 2.34% | 4,714,975 | $212M | $44.92 | $5M | — | — | |
| 15 | SPHY | 2.12% | 8,191,734 | $192M | $23.44 | $983K | — | — | |
| 16 | RSP | 1.76% | 748,708 | $159M | $212.77 | — | +748,708 | — | NEW |
| 17 | FLCA | 1.58% | 2,773,743 | $143M | $51.47 | $7M | — | — | |
| 18 | FALN | 1.40% | 4,657,064 | $127M | $27.24 | $29M | +1,000,000 | +27.3% | |
| 19 | PICK | 1.14% | 1,767,862 | $103M | $58.15 | $3M | — | — | |
| 20 | XFIV | 0.72% | 1,332,525 | $65M | $48.68 | -$640K | — | — | |
| 21 | RING | 0.55% | 776,753 | $50M | $64.60 | -$11M | — | — | |
| 22 | BBCA | 0.53% | 478,673 | $48M | $99.40 | -$13M | -160,949 | -25.2% | |
| 23 | XLE | 0.28% | 474,882 | $25M | $53.11 | -$4M | — | — | |
| 24 | ICOP | 0.27% | 501,672 | $25M | $49.23 | $829K | — | — | |
| 25 | XB | 0.12% | 266,860 | $10M | $39.25 | $79K | — | — | |
| 26 | COIN | 0.08% | 50,757 | $7M | $146.19 | -$1M | — | — | |
| 27 | XCCC | 0.05% | 121,654 | $4M | $36.56 | $20K | — | — | |
| 28 | IJR | 0.04% | 24,129 | $4M | $148.33 | $580K | — | — | |
| 29 | FIGR | 0.02% | 68,729 | $2M | $30.71 | — | +68,729 | — | NEW |
| 30 | BBAX | 0.01% | 8,785 | $526K | $59.87 | -$17M | -290,000 | -97.1% |