Asset Manager
← All Institutions
Municipal Employees' Retirement System of Michigan
Market Value
$8.3B
+5.2%
Holdings
48
-3
New Purchases
2
Added To
8
Closed
3
Reduced
5
Top 10 Concentration
76.6%
Turnover
10.4%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SPIB | 5.24% | 0.07% | +5.17% | $435M |
| VGK | 8.24% | 5.72% | +2.52% | $685M |
| FALN | 1.14% | 0.00% | +1.14% | $94M |
| BBCA | 0.91% | 0.00% | +0.91% | $76M |
| IVV | 11.07% | 10.32% | +0.75% | $920M |
| IJH | 3.40% | 2.69% | +0.71% | $283M |
| QVML | 15.04% | 14.48% | +0.56% | $1.2B |
| IEMG | 3.45% | 3.26% | +0.19% | $287M |
| ICOP | 0.28% | 0.18% | +0.10% | $23M |
| FLCA | 1.39% | 1.31% | +0.09% | $116M |
| XLE | 0.37% | 0.31% | +0.06% | $31M |
| QVMM | 4.11% | 4.07% | +0.04% | $342M |
| AG | 0.61% | 0.60% | +0.01% | $51M |
| SPLG | 0.16% | 0.16% | +0.01% | $14M |
| SPDW | 0.13% | 0.13% | +0.01% | $11M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| IPAC | 0.00% | 5.05% | -5.05% | $0 |
| BBEU | 0.00% | 1.60% | -1.60% | $0 |
| MTBA | 0.00% | 1.51% | -1.51% | $0 |
| SPTL | 4.04% | 5.14% | -1.10% | $336M |
| XONE | 0.70% | 1.50% | -0.80% | $58M |
| SPTI | 12.42% | 12.98% | -0.56% | $1.0B |
| SPTS | 7.73% | 8.12% | -0.38% | $643M |
| BBAX | 0.20% | 0.56% | -0.36% | $16M |
| SCHP | 5.27% | 5.58% | -0.32% | $438M |
| RING | 0.72% | 0.92% | -0.20% | $60M |
| XBB | 3.09% | 3.19% | -0.10% | $256M |
| XEMD | 2.44% | 2.51% | -0.06% | $203M |
| SPHY | 1.71% | 1.77% | -0.06% | $142M |
| XFIV | 0.42% | 0.44% | -0.02% | $35M |
| XTWY | 0.20% | 0.21% | -0.02% | $16M |
Sector Allocation Over Time
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 1 | $920M | 11.1% |
| Large Cap | 20 | $3.8B | 45.9% |
| Mid Cap | 7 | $884M | 10.6% |
| Small Cap | 11 | $2.4B | 28.5% |
| Micro Cap | 9 | $330M | 4.0% |
Portfolio Analytics
Avg Market Cap
$35.3B
Median Market Cap
$5.2B
Avg P/E
32.6
Median P/E
32.6
Avg Dividend Yield
0.00%
Avg Beta
0.86
# Stocks
1
# ETFs / Funds
47
Top Holdings (48 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | QVML | 15.04% | 34,132,010 | $1.2B | $36.62 | $107M | — | — | |
| 2 | SPTI | 12.42% | 35,861,653 | $1.0B | $28.77 | $7M | — | — | |
| 3 | IVV | 11.07% | 1,481,662 | $920M | $620.90 | $105M | +30,900 | +2.1% | |
| 4 | VGK | 8.24% | 8,835,451 | $685M | $77.50 | $233M | +2,400,165 | +37.3% | |
| 5 | SPTS | 7.73% | 21,942,738 | $643M | $29.29 | $1M | +13,661 | +0.1% | |
| 6 | SCHP | 5.27% | 16,401,227 | $438M | $26.68 | -$3M | — | — | |
| 7 | SPIB | 5.24% | 12,968,096 | $435M | $33.58 | $430M | +12,803,930 | +7799.4% | |
| 8 | QVMM | 4.11% | 11,882,576 | $342M | $28.74 | $20M | — | — | |
| 9 | SPTL | 4.04% | 12,629,575 | $336M | $26.58 | -$70M | -2,251,407 | -15.1% | |
| 10 | IEMG | 3.45% | 4,773,111 | $287M | $60.03 | $29M | — | — | |
| 11 | IJH | 3.40% | 4,555,207 | $283M | $62.02 | $70M | +909,298 | +24.9% | |
| 12 | XBB | 3.09% | 6,227,640 | $256M | $41.19 | $5M | — | — | |
| 13 | XEMD | 2.44% | 4,698,046 | $203M | $43.22 | $5M | — | — | |
| 14 | QVMS | 2.20% | 7,114,414 | $183M | $25.72 | $8M | — | — | |
| 15 | SPHY | 1.71% | 5,954,325 | $142M | $23.80 | $2M | — | — | |
| 16 | FLCA | 1.39% | 2,773,743 | $116M | $41.75 | $13M | — | — | |
| 17 | PICK | 1.37% | 3,032,992 | $114M | $37.60 | $5M | — | — | |
| 18 | FALN | 1.14% | 3,476,559 | $94M | $27.14 | — | +3,476,559 | — | NEW |
| 19 | BBCA | 0.91% | 940,556 | $76M | $80.70 | — | +940,556 | — | NEW |
| 20 | RING | 0.72% | 1,372,210 | $60M | $43.78 | -$13M | -529,701 | -27.9% | |
| 21 | XONE | 0.70% | 1,178,547 | $58M | $49.63 | -$60M | -1,209,433 | -50.6% | |
| 22 | AG | 0.61% | 6,151,289 | $51M | $8.27 | $3M | -972,121 | -13.7% | |
| 23 | XFIV | 0.42% | 704,064 | $35M | $49.35 | $191K | — | — | |
| 24 | XLE | 0.37% | 360,126 | $31M | $84.81 | $6M | +98,569 | +37.7% | |
| 25 | ICOP | 0.28% | 784,271 | $23M | $29.90 | $9M | +227,272 | +40.8% | |
| 26 | XHLF | 0.27% | 448,334 | $23M | $50.34 | -$7K | — | — | |
| 27 | XTWO | 0.25% | 416,558 | $21M | $49.54 | $30K | — | — | |
| 28 | XTRE | 0.24% | 402,313 | $20M | $49.78 | $100K | — | — | |
| 29 | XSVN | 0.23% | 403,857 | $19M | $47.88 | $53K | — | — | |
| 30 | XTEN | 0.22% | 403,452 | $19M | $46.16 | -$166K | — | — | |
| 31 | BBAX | 0.20% | 298,785 | $16M | $54.50 | -$28M | -611,224 | -67.2% | |
| 32 | XTWY | 0.20% | 420,244 | $16M | $38.58 | -$645K | — | — | |
| 33 | SPLG | 0.16% | 188,205 | $14M | $72.69 | $1M | — | — | |
| 34 | STIP | 0.15% | 121,200 | $12M | $102.90 | -$68K | — | — | |
| 35 | SPDW | 0.13% | 276,169 | $11M | $40.49 | $1M | — | — | |
| 36 | XB | 0.13% | 266,860 | $11M | $39.75 | $182K | — | — | |
| 37 | VGSH | 0.10% | 142,206 | $8M | $58.78 | $13K | — | — | |
| 38 | SPSB | 0.08% | 228,061 | $7M | $30.19 | $20K | — | — | |
| 39 | MBB | 0.08% | 67,551 | $6M | $93.88 | $7K | — | — | |
| 40 | XCCC | 0.06% | 121,654 | $5M | $38.82 | $120K | — | — | |
| 41 | SPEM | 0.06% | 107,144 | $5M | $42.74 | $361K | — | — | |
| 42 | IJR | 0.03% | 24,129 | $3M | $109.29 | $469K | +3,393 | +16.4% | |
| 43 | HYBB | 0.02% | 38,566 | $2M | $47.01 | $31K | — | — | |
| 44 | SPMD | 0.02% | 26,947 | $1M | $54.37 | $86K | — | — | |
| 45 | SPSM | 0.01% | 16,642 | $709K | $42.60 | $31K | — | — | |
| 46 | BBEU | —% | — | — | — | -$126M | -2,042,693 | -100.0% | SOLD |
| 47 | IPAC | —% | — | — | — | -$399M | -6,404,807 | -100.0% | SOLD |
| 48 | MTBA | —% | — | — | — | -$119M | -2,378,493 | -100.0% | SOLD |