Asset Manager
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Municipal Employees' Retirement System of Michigan
Market Value
$8.6B
+3.9%
Holdings
45
-3
New Purchases
0
Added To
0
Closed
0
Reduced
1
Top 10 Concentration
76.6%
Turnover
0.0%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| QVML | 15.52% | 15.04% | +0.48% | $1.3B |
| IVV | 11.48% | 11.07% | +0.41% | $992M |
| RING | 1.03% | 0.72% | +0.31% | $89M |
| IEMG | 3.64% | 3.45% | +0.20% | $315M |
| PICK | 1.56% | 1.37% | +0.19% | $135M |
| QVMS | 2.30% | 2.20% | +0.10% | $199M |
| FLCA | 1.46% | 1.39% | +0.06% | $126M |
| QVMM | 4.17% | 4.11% | +0.06% | $360M |
| ICOP | 0.34% | 0.28% | +0.06% | $30M |
| IJH | 3.44% | 3.40% | +0.04% | $297M |
| BBCA | 0.95% | 0.91% | +0.04% | $82M |
| SPYM | 0.17% | 0.16% | +0.01% | $15M |
| XLE | 0.37% | 0.37% | +0.01% | $32M |
| SPEM | 0.06% | 0.06% | +0.00% | $5M |
| SPDW | 0.14% | 0.13% | +0.00% | $12M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| AG | 0.16% | 0.61% | -0.45% | $14M |
| SPTI | 12.00% | 12.42% | -0.41% | $1.0B |
| SPTS | 7.45% | 7.73% | -0.28% | $643M |
| SPIB | 5.09% | 5.24% | -0.15% | $439M |
| SCHP | 5.12% | 5.27% | -0.15% | $442M |
| XBB | 2.98% | 3.09% | -0.11% | $257M |
| SPTL | 3.94% | 4.04% | -0.10% | $340M |
| VGK | 8.16% | 8.24% | -0.08% | $705M |
| XEMD | 2.38% | 2.44% | -0.06% | $205M |
| SPHY | 1.65% | 1.71% | -0.05% | $143M |
| XONE | 0.68% | 0.70% | -0.03% | $59M |
| FALN | 1.12% | 1.14% | -0.02% | $97M |
| XFIV | 0.40% | 0.42% | -0.01% | $35M |
| XHLF | 0.26% | 0.27% | -0.01% | $23M |
| XTWO | 0.24% | 0.25% | -0.01% | $21M |
Sector Allocation Over Time
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 1 | $992M | 11.5% |
| Large Cap | 18 | $2.5B | 29.3% |
| Mid Cap | 7 | $2.3B | 26.3% |
| Small Cap | 13 | $2.6B | 29.8% |
| Micro Cap | 6 | $272M | 3.1% |
Portfolio Analytics
Avg Market Cap
$40.5B
Median Market Cap
$6.0B
Avg P/E
25.1
Median P/E
25.1
Avg Dividend Yield
0.00%
Avg Beta
0.87
# Stocks
1
# ETFs / Funds
44
Top Holdings (45 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | QVML | 15.52% | 34,132,010 | $1.3B | $39.28 | $91M | — | — | |
| 2 | SPTI | 12.00% | 35,861,653 | $1.0B | $28.90 | $5M | — | — | |
| 3 | IVV | 11.48% | 1,481,662 | $992M | $669.30 | $72M | — | — | |
| 4 | VGK | 8.16% | 8,835,451 | $705M | $79.80 | $20M | — | — | |
| 5 | SPTS | 7.45% | 21,942,738 | $643M | $29.32 | $658K | — | — | |
| 6 | SCHP | 5.12% | 16,401,227 | $442M | $26.95 | $4M | — | — | |
| 7 | SPIB | 5.09% | 12,968,096 | $439M | $33.89 | $4M | — | — | |
| 8 | QVMM | 4.17% | 11,882,576 | $360M | $30.31 | $19M | — | — | |
| 9 | SPTL | 3.94% | 12,629,575 | $340M | $26.95 | $5M | — | — | |
| 10 | IEMG | 3.64% | 4,773,111 | $315M | $65.92 | $28M | — | — | |
| 11 | IJH | 3.44% | 4,555,207 | $297M | $65.26 | $15M | — | — | |
| 12 | XBB | 2.98% | 6,227,640 | $257M | $41.35 | $984K | — | — | |
| 13 | XEMD | 2.38% | 4,698,046 | $205M | $43.72 | $2M | — | — | |
| 14 | QVMS | 2.30% | 7,114,414 | $199M | $27.97 | $16M | — | — | |
| 15 | SPHY | 1.65% | 5,954,325 | $143M | $23.94 | $834K | — | — | |
| 16 | PICK | 1.56% | 3,032,992 | $135M | $44.50 | $21M | — | — | |
| 17 | FLCA | 1.46% | 2,773,743 | $126M | $45.40 | $10M | — | — | |
| 18 | FALN | 1.12% | 3,476,559 | $97M | $27.78 | $2M | — | — | |
| 19 | RING | 1.03% | 1,372,210 | $89M | $64.71 | $29M | — | — | |
| 20 | BBCA | 0.95% | 940,556 | $82M | $87.23 | $6M | — | — | |
| 21 | XONE | 0.68% | 1,178,547 | $59M | $49.66 | $36K | — | — | |
| 22 | XFIV | 0.40% | 704,064 | $35M | $49.53 | $126K | — | — | |
| 23 | XLE | 0.37% | 360,126 | $32M | $89.34 | $2M | — | — | |
| 24 | ICOP | 0.34% | 784,271 | $30M | $37.62 | $6M | — | — | |
| 25 | XHLF | 0.26% | 448,334 | $23M | $50.42 | $36K | — | — | |
| 26 | XTWO | 0.24% | 416,558 | $21M | $49.56 | $8K | — | — | |
| 27 | XTRE | 0.23% | 402,313 | $20M | $49.84 | $24K | — | — | |
| 28 | XSVN | 0.23% | 403,857 | $19M | $48.19 | $124K | — | — | |
| 29 | XTEN | 0.22% | 403,452 | $19M | $46.63 | $190K | — | — | |
| 30 | BBAX | 0.19% | 298,785 | $17M | $56.34 | $550K | — | — | |
| 31 | XTWY | 0.19% | 420,244 | $16M | $39.05 | $200K | — | — | |
| 32 | SPYM | 0.17% | 188,205 | $15M | $78.34 | $1M | — | — | |
| 33 | AG | 0.16% | 1,126,289 | $14M | $12.29 | -$37M | -5,025,000 | -81.7% | |
| 34 | STIP | 0.15% | 121,200 | $13M | $103.37 | $56K | — | — | |
| 35 | SPDW | 0.14% | 276,169 | $12M | $42.79 | $635K | — | — | |
| 36 | XB | 0.12% | 266,860 | $11M | $39.81 | $17K | — | — | |
| 37 | VGSH | 0.10% | 142,206 | $8M | $58.84 | $9K | — | — | |
| 38 | SPSB | 0.08% | 228,061 | $7M | $30.29 | $23K | — | — | |
| 39 | MBB | 0.07% | 67,551 | $6M | $95.14 | $85K | — | — | |
| 40 | SPEM | 0.06% | 107,144 | $5M | $46.81 | $436K | — | — | |
| 41 | XCCC | 0.06% | 121,654 | $5M | $39.25 | $52K | — | — | |
| 42 | IJR | 0.03% | 24,129 | $3M | $118.82 | $230K | — | — | |
| 43 | HYBB | 0.02% | 38,566 | $2M | $47.32 | $12K | — | — | |
| 44 | SPMD | 0.02% | 26,947 | $2M | $57.19 | $76K | — | — | |
| 45 | SPSM | 0.01% | 16,642 | $771K | $46.33 | $62K | — | — |