# Emery Howard Portfolio Management, Inc.

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 1495703. Source: https://holderbook.com/funds/1495703-emery-howard-portfolio-management-inc/

- Reported value: $773.4M
- Positions: 48
- Weight of the ten largest: 84.1%
- Filed: 2022-01-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $199.1M | 419,185 | 25.7% | 13 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $106.6M | 2,087,742 | 13.8% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $86.9M | 199,160 | 11.2% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $62.5M | 245,430 | 8.1% | 13 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $51.6M | 108,112 | 6.7% | 13 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $36.3M | 734,601 | 4.7% | 13 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $33.6M | 148,845 | 4.3% | 13 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $25.8M | 665,003 | 3.3% | 13 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $25.1M | 846,767 | 3.2% | 13 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $22.7M | 57,166 | 2.9% | 13 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $20.9M | 94,141 | 2.7% | 13 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $20.1M | 250,096 | 2.6% | 13 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $16.4M | 62,208 | 2.1% | 13 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $13.0M | 127,193 | 1.7% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $12.1M | 104,043 | 1.6% | 13 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $9.4M | 119,144 | 1.2% | 13 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $7.1M | 144,828 | 0.9% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $3.8M | 22,099 | 0.5% | 13 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $2.6M | 10,846 | 0.3% | 13 |
| INVESCO DB COMMDY INDX TRCK | [DBC](https://holderbook.com/stocks/DBC/) | $1.4M | 68,840 | 0.2% | 4 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $1.4M | 2,550 | 0.2% | 4 |
| INVESCO EXCHANGE TRADED FD T | [PEJ](https://holderbook.com/stocks/PEJ/) | $1.3M | 25,539 | 0.2% | 4 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.2M | 7,189 | 0.2% | 12 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $1.1M | 5,700 | 0.1% | 1 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $934.0K | 10,629 | 0.1% | 4 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $804.0K | 2,213 | 0.1% | 13 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $776.0K | 6,351 | 0.1% | 13 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $745.0K | 6,806 | 0.1% | 13 |
| GLOBAL X FDS | [CLOU](https://holderbook.com/stocks/CLOU/) | $705.0K | 26,594 | 0.1% | 6 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $684.0K | 9,970 | 0.1% | 13 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $554.0K | 8,883 | 0.1% | 13 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $498.0K | 1,868 | 0.1% | 5 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $488.0K | 3,000 | 0.1% | 5 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $480.0K | 3,912 | 0.1% | 13 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $478.0K | 4,265 | 0.1% | 13 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $412.0K | 899 | 0.1% | 7 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $411.0K | 4,347 | 0.1% | 4 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $410.0K | 2,684 | 0.1% | 7 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $373.0K | 3,276 | 0.0% | 13 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $330.0K | 1,166 | 0.0% | 5 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $320.0K | 6,991 | 0.0% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $281.0K | 1,573 | 0.0% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $259.0K | 3,789 | 0.0% | 3 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $257.0K | 2,543 | 0.0% | 5 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $244.0K | 761 | 0.0% | 3 |
| KRANESHARES TRUST | [KSTR](https://holderbook.com/stocks/KSTR/) | $243.0K | 10,000 | 0.0% | 4 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $229.0K | 1,342 | 0.0% | 6 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $218.0K | 2,684 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2021 | +6.5% | +10.7% | -4.2% | 100% |
| Q3 2021 | -1.5% | +0.3% | -1.7% | 100% |
| Q2 2021 | +6.6% | +8.0% | -1.4% | 100% |
| Q1 2021 | +5.9% | +6.0% | -0.1% | 100% |
| Q4 2020 | +14.4% | +11.6% | +2.8% | 100% |
| Q3 2020 | +7.3% | +8.6% | -1.3% | 100% |
| Q2 2020 | +18.7% | +19.6% | -1.0% | 100% |
| Q1 2020 | -23.3% | -19.9% | -3.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $773.4M | 48 |
| Q3 2021 | $682.9M | 47 |
| Q2 2021 | $679.4M | 46 |
| Q1 2021 | $618.6M | 44 |
| Q4 2020 | $581.0M | 37 |
| Q3 2020 | $501.8M | 33 |
| Q2 2020 | $466.6M | 31 |
| Q1 2020 | $409.3M | 31 |
| Q4 2019 | $536.5M | 34 |
| Q3 2019 | $492.8M | 33 |
| Q2 2019 | $494.0M | 33 |
| Q1 2019 | $480.3M | 33 |