Emery Howard Portfolio Management, Inc.

CIK

1495703

Location

Burlingame, CA

Portfolio Value

Small $773,234,872

Diversification

Moderately concentrated

Filing Date

Global Rank

#2,264 / 6,919 ▲ 55 · as of Dec 2021

Period ended 4 years ago

Filed Jan 6, 2022 · 4y

8 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2021, never from the firm's own description.

Style

Concentrated

The top 10 positions are 98.7% of the book (60%+)

Turnover

Low turnover

5.2% over the last four quarters (under 30%)

Horizon

Horizon unknown

The value-weighted holding period is at least 7.8 quarters, but 87.3% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 94.9%; sector active share 70.7% against the combined 13F book's sector weights.

Over time 8 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

48 tracked positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

25.7%

−0.7 pts

Top 5

87.8%

+0.1 pts

Top 10

98.7%

+0.1 pts

HHI

1,765

Moderately concentrated+45

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Unclassified	100.0%	$773,234,872	48

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VEA	Vanguard FTSE Developed Markets ETF	+205,356	2,087,742	$106,600,106
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+124,100	734,601	$36,333,365
VOO	VANGUARD 500 INDEX FUND	+46,018	199,160	$86,947,281
VB	Vanguard Index Funds	+29,776	148,845	$33,640,458
DBC	Invesco DB Commodity Index Tracking Fund	+18,840	68,840	$1,430,495
SCHE	Schwab Emerging Markets Equity ETF	+13,284	846,767	$25,081,238
VO	VANGUARD MID-CAP INDEX FUND	+11,268	245,430	$62,528,201
SCHF	Schwab International Equity ETF	+6,640	665,003	$25,848,666
VNQ	VANGUARD REAL ESTATE INDEX FUND	+4,130	104,043	$12,070,028
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+1,956	10,846	$2,618,658
CLOU	Global X Cloud Computing ETF	+969	26,594	$705,272
EFA	iShares MSCI EAFE ETF	+491	119,144	$9,374,249
IWB	iShares Russell 1000 ETF	+298	62,208	$16,449,661
—		+175	2,543	$51,363
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+142	2,684	$218,101
EEM	iShares MSCI Emerging Markets ETF	+93	144,828	$7,074,847
RWR	State Street(R) SPDR(R) Dow Jones(R) REIT ETF	+61	6,351	$775,838
CMF	iShares California Muni Bond ETF	+46	8,883	$553,677
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	+37	3,789	$258,561
VHT	VANGUARD HEALTH CARE INDEX FUND	+31	1,868	$497,672
PEJ	Victory Portfolios II	+31	25,539	$1,250,900
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	+25	4,265	$478,149
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+16	899	$411,895
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	+12	7,189	$1,249,951
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	+10	1,573	$281,331
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
SCHM	Schwab U.S. Mid-Cap ETF	−4,299	250,096	$20,115,221
SCHX	Schwab U.S. Large-Cap ETF	−3,328	3,276	$372,874
VIG	Vanguard Specialized Funds	−2,957	22,099	$3,795,503
SPY	Spdr S&P 500 ETF Trust	−2,379	419,185	$199,096,107
SCHA	Schwab U.S. Small-Cap ETF	−1,464	127,193	$13,024,563
IWM	iShares Russell 2000 ETF	−1,122	94,141	$20,941,665
QQQ	Invesco Qqq Trust, Series 1	−789	57,166	$22,743,493
IVV	iShares Core S&P 500 ETF	−461	108,112	$51,568,342
BOND	PIMCO Active Bond Exchange-Traded Fund	−357	6,806	$744,644
SPLV	Invesco S&P 500 Low Volatility ETF	−218	9,970	$684,241
ESGV	VANGUARD ESG U.S. STOCK ETF	−196	10,629	$934,182
DIA	Spdr Dow Jones Industrial Average ETF Trust	−108	2,213	$804,027
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
IYK	iShares U.S. Consumer Staples ETF	5,700	$1,141,026
INDA	iShares MSCI India ETF	6,991	$320,467
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
MDY	Spdr S&P Midcap 400 ETF Trust	466	$224,090
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

48 tracked positions · $773,234,872 total · filing declares 48 positions · $773,438,000 · as of Dec 31, 2021

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	419,185	-2,379	$199,096,107	+10.1%	8+	before history	25.75%
VEA	Vanguard FTSE Developed Markets ETF	Added	2,087,742	+205,356	$106,600,106	+12.2%	8+	before history	13.79%
VOO	VANGUARD 500 INDEX FUND	Added	199,160	+46,018	$86,947,281	+44.0%	7	unpriced	11.24%
VO	VANGUARD MID-CAP INDEX FUND	Added	245,430	+11,268	$62,528,201	+12.8%	8+	before history	8.09%
IVV	iShares Core S&P 500 ETF	Reduced	108,112	-461	$51,568,342	+10.2%	8+	before history	6.67%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	734,601	+124,100	$36,333,365	+19.0%	8+	before history	4.70%
VB	Vanguard Index Funds	Added	148,845	+29,776	$33,640,458	+29.2%	8+	before history	4.35%
SCHF	Schwab International Equity ETF	Added	665,003	+6,640	$25,848,666	+1.5%	8+	before history	3.34%
SCHE	Schwab Emerging Markets Equity ETF	Added	846,767	+13,284	$25,081,238	−1.3%	8+	before history	3.24%
QQQ	Invesco Qqq Trust, Series 1	Reduced	57,166	-789	$22,743,493	+9.6%	8+	before history	2.94%
IWM	iShares Russell 2000 ETF	Reduced	94,141	-1,122	$20,941,665	+0.5%	8+	before history	2.71%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	250,096	-4,299	$20,115,221	+3.1%	8+	before history	2.60%
IWB	iShares Russell 1000 ETF	Added	62,208	+298	$16,449,661	+9.9%	8+	before history	2.13%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	127,193	-1,464	$13,024,563	+1.1%	8+	before history	1.68%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Added	104,043	+4,130	$12,070,028	+18.7%	8+	before history	1.56%
EFA	iShares MSCI EAFE ETF	Added	119,144	+491	$9,374,249	+1.3%	8+	before history	1.21%
EEM	iShares MSCI Emerging Markets ETF	Added	144,828	+93	$7,074,847	−3.0%	8+	before history	0.91%
VIG	Vanguard Specialized Funds	Reduced	22,099	-2,957	$3,795,503	−1.4%	8+	before history	0.49%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	10,846	+1,956	$2,618,658	+32.6%	8+	before history	0.34%
DBC	Invesco DB Commodity Index Tracking Fund	Added	68,840	+18,840	$1,430,495	+41.8%	4	$18.02	0.19%
SOXX	iShares Semiconductor ETF	Held	2,550	0	$1,382,915	+21.6%	4	unpriced	0.18%
PEJ	Victory Portfolios II	Added	25,539	+31	$1,250,900	−2.6%	4	$46.14	0.16%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Added	7,189	+12	$1,249,951	+16.6%	8+	before history	0.16%
IYK	iShares U.S. Consumer Staples ETF	NEW	5,700	NEW	$1,141,026	NEW	1	unpriced	0.15%
ESGV	VANGUARD ESG U.S. STOCK ETF	Reduced	10,629	-196	$934,182	+7.8%	4	unpriced	0.12%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	2,213	-108	$804,027	+2.4%	8+	before history	0.10%
RWR	State Street(R) SPDR(R) Dow Jones(R) REIT ETF	Added	6,351	+61	$775,838	+17.0%	8+	before history	0.10%
BOND	PIMCO Active Bond Exchange-Traded Fund	Reduced	6,806	-357	$744,644	−6.0%	8+	before history	0.10%
CLOU	Global X Cloud Computing ETF	Added	26,594	+969	$705,272	−6.0%	6	unpriced	0.09%
SPLV	Invesco S&P 500 Low Volatility ETF	Reduced	9,970	-218	$684,241	+10.4%	8+	before history	0.09%
CMF	iShares California Muni Bond ETF	Added	8,883	+46	$553,677	+0.9%	8+	before history	0.07%
VHT	VANGUARD HEALTH CARE INDEX FUND	Added	1,868	+31	$497,672	+9.6%	5	unpriced	0.06%
RSP	Victory Portfolios II	Held	3,000	0	$488,250	+8.6%	5	$118.93	0.06%
DVY	iShares Select Dividend ETF	Held	3,912	0	$479,572	+6.9%	8+	before history	0.06%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	4,265	+25	$478,149	+9.1%	8+	before history	0.06%
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	Added	899	+16	$411,895	+16.2%	7	unpriced	0.05%
		Held	4,347	0	$411,182	−14.4%	4	$130.70	0.05%
		Added	2,684	+2	$409,632	−5.5%	7	$142.93	0.05%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	3,276	-3,328	$372,874	−45.7%	8+	before history	0.05%
IJH	iShares Core S&P Mid-Cap ETF	Added	1,166	+1	$330,071	+7.7%	5	unpriced	0.04%
INDA	iShares MSCI India ETF	NEW	6,991	NEW	$320,467	NEW	1	unpriced	0.04%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Added	1,573	+10	$281,331	+6.3%	5	unpriced	0.04%
VGK	VANGUARD EUROPEAN STOCK INDEX FUND	Added	3,789	+37	$258,561	+5.0%	3	$67.50	0.03%
VUG	VANGUARD GROWTH INDEX FUND	Added	761	+1	$244,204	+10.7%	3	unpriced	0.03%
		Held	10,000	0	$243,300	+5.1%	4	$22.90	0.03%
GLD	Spdr Gold Trust	Added	1,342	+10	$229,428	+4.9%	6	$179.62	0.03%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	2,684	+142	$218,101	+4.1%	2	$82.59	0.03%
		Added	2,543	+175	$51,363	+15.1%	5	unpriced	0.01%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.