Asset Manager
← All Institutions
Municipal Employees' Retirement System of Michigan
Market Value
$8.8B
+2.4%
Holdings
45
New Purchases
0
Added To
11
Closed
9
Reduced
8
Top 10 Concentration
77.3%
Turnover
20.0%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SPTS | 8.57% | 7.45% | +1.12% | $758M |
| SPTL | 4.61% | 3.94% | +0.67% | $408M |
| VGK | 8.64% | 8.16% | +0.48% | $764M |
| XBB | 3.43% | 2.98% | +0.45% | $303M |
| IEMG | 3.98% | 3.64% | +0.33% | $351M |
| SPTI | 12.15% | 12.00% | +0.15% | $1.1B |
| XLE | 0.50% | 0.37% | +0.13% | $44M |
| FLCA | 1.52% | 1.46% | +0.06% | $134M |
| ICOP | 0.39% | 0.34% | +0.05% | $35M |
| FALN | 1.13% | 1.12% | +0.01% | $100M |
| BBCA | 0.96% | 0.95% | +0.01% | $85M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| IVV | 10.70% | 11.48% | -0.78% | $946M |
| SPIB | 4.48% | 5.09% | -0.61% | $396M |
| SCHP | 4.57% | 5.12% | -0.55% | $404M |
| RING | 0.70% | 1.03% | -0.33% | $62M |
| XHLF | 0.00% | 0.26% | -0.26% | $0 |
| SPLG | 0.00% | 0.17% | -0.17% | $0 |
| AG | 0.00% | 0.16% | -0.16% | $0 |
| SPDW | 0.00% | 0.14% | -0.14% | $0 |
| MBB | 0.00% | 0.07% | -0.07% | $0 |
| SPEM | 0.00% | 0.06% | -0.06% | $0 |
| SPHY | 1.61% | 1.65% | -0.04% | $142M |
| STIP | 0.11% | 0.15% | -0.03% | $10M |
| QVMM | 4.14% | 4.17% | -0.03% | $366M |
| QVMS | 2.27% | 2.30% | -0.03% | $201M |
| HYBB | 0.00% | 0.02% | -0.02% | $0 |
Sector Allocation Over Time
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 1 | $946M | 10.7% |
| Large Cap | 20 | $4.0B | 45.2% |
| Mid Cap | 5 | $973M | 11.0% |
| Small Cap | 10 | $2.6B | 29.0% |
| Micro Cap | 9 | $357M | 4.0% |
Portfolio Analytics
Avg Market Cap
$37.5B
Median Market Cap
$6.4B
Avg P/E
32.6
Median P/E
32.6
Avg Dividend Yield
0.00%
Avg Beta
0.88
# 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 | 15.51% | 34,132,010 | $1.4B | $40.18 | $31M | — | — | |
| 2 | SPTI | 12.15% | 37,247,174 | $1.1B | $28.84 | $38M | +1,385,521 | +3.9% | |
| 3 | IVV | 10.70% | 1,381,225 | $946M | $684.94 | -$46M | -100,437 | -6.8% | |
| 4 | VGK | 8.64% | 9,136,296 | $764M | $83.61 | $59M | +300,845 | +3.4% | |
| 5 | SPTS | 8.57% | 25,879,762 | $758M | $29.28 | $114M | +3,937,024 | +17.9% | |
| 6 | SPTL | 4.61% | 15,397,326 | $408M | $26.47 | $67M | +2,767,751 | +21.9% | |
| 7 | SCHP | 4.57% | 15,248,383 | $404M | $26.49 | -$38M | -1,152,844 | -7.0% | |
| 8 | SPIB | 4.48% | 11,704,768 | $396M | $33.81 | -$44M | -1,263,328 | -9.7% | |
| 9 | QVMM | 4.14% | 11,882,576 | $366M | $30.78 | $6M | — | — | |
| 10 | IEMG | 3.98% | 5,227,998 | $351M | $67.22 | $37M | +454,887 | +9.5% | |
| 11 | IJH | 3.43% | 4,596,783 | $303M | $66.00 | $6M | +41,576 | +0.9% | |
| 12 | XBB | 3.43% | 7,372,511 | $303M | $41.14 | $46M | +1,144,871 | +18.4% | |
| 13 | XEMD | 2.38% | 4,714,975 | $210M | $44.58 | $5M | +16,929 | +0.4% | |
| 14 | QVMS | 2.27% | 7,114,414 | $201M | $28.23 | $2M | — | — | |
| 15 | SPHY | 1.61% | 6,000,856 | $142M | $23.67 | -$507K | +46,531 | +0.8% | |
| 16 | PICK | 1.54% | 2,658,856 | $137M | $51.34 | $2M | -374,136 | -12.3% | |
| 17 | FLCA | 1.52% | 2,773,743 | $134M | $48.30 | $8M | — | — | |
| 18 | FALN | 1.13% | 3,657,064 | $100M | $27.30 | $3M | +180,505 | +5.2% | |
| 19 | BBCA | 0.96% | 909,454 | $85M | $93.00 | $3M | -31,102 | -3.3% | |
| 20 | RING | 0.70% | 844,062 | $62M | $73.64 | -$27M | -528,148 | -38.5% | |
| 21 | XONE | 0.66% | 1,178,547 | $58M | $49.53 | -$148K | — | — | |
| 22 | XLE | 0.50% | 991,274 | $44M | $44.71 | $12M | +631,148 | +175.3% | |
| 23 | XFIV | 0.39% | 704,064 | $35M | $49.48 | -$36K | — | — | |
| 24 | ICOP | 0.39% | 784,271 | $35M | $44.31 | $5M | — | — | |
| 25 | XTWO | 0.23% | 416,558 | $21M | $49.47 | -$39K | — | — | |
| 26 | XTRE | 0.23% | 402,313 | $20M | $49.76 | -$31K | — | — | |
| 27 | XSVN | 0.22% | 403,857 | $19M | $48.04 | -$58K | — | — | |
| 28 | XTEN | 0.21% | 403,452 | $19M | $46.22 | -$165K | — | — | |
| 29 | BBAX | 0.19% | 298,785 | $17M | $56.30 | -$12K | — | — | |
| 30 | XTWY | 0.18% | 420,244 | $16M | $37.84 | -$509K | — | — | |
| 31 | XB | 0.12% | 266,860 | $11M | $39.47 | -$91K | — | — | |
| 32 | STIP | 0.11% | 95,402 | $10M | $102.39 | -$3M | -25,798 | -21.3% | |
| 33 | VGSH | 0.09% | 133,074 | $8M | $58.73 | -$553K | -9,132 | -6.4% | |
| 34 | SPSB | 0.08% | 228,061 | $7M | $30.20 | -$21K | — | — | |
| 35 | XCCC | 0.05% | 121,654 | $5M | $38.03 | -$149K | — | — | |
| 36 | IJR | 0.03% | 24,129 | $3M | $120.19 | $33K | — | — | |
| 37 | SPLG | —% | — | — | — | -$15M | -188,205 | -100.0% | SOLD |
| 38 | MBB | —% | — | — | — | -$6M | -67,551 | -100.0% | SOLD |
| 39 | HYBB | —% | — | — | — | -$2M | -38,566 | -100.0% | SOLD |
| 40 | SPSM | —% | — | — | — | -$771K | -16,642 | -100.0% | SOLD |
| 41 | SPMD | —% | — | — | — | -$2M | -26,947 | -100.0% | SOLD |
| 42 | SPDW | —% | — | — | — | -$12M | -276,169 | -100.0% | SOLD |
| 43 | XHLF | —% | — | — | — | -$23M | -448,334 | -100.0% | SOLD |
| 44 | SPEM | —% | — | — | — | -$5M | -107,144 | -100.0% | SOLD |
| 45 | AG | —% | — | — | — | -$14M | -1,126,289 | -100.0% | SOLD |