SERB Portfolio Update: Significant Shift in Holdings Concentration

The School Employees Retirement Board of Ohio (SERB), a significant institutional investor, reported its portfolio holdings as of September 30, 2026. The portfolio totals $339,302,912.00, with a notable shift observed in the most recent quarter.

Among the key changes, SERB significantly increased its stake in WORLD GOLD TR ETF (GLDM). The fund tracking GLDM, WORLD Gold Trust (ETF) (GLDM), saw its holdings rise by 948.37% in terms of portfolio percentage allocation, indicating a strong institutional interest in this sector during the quarter. This substantial increase suggests that SERB views this fund favorably or is responding to specific investment opportunities within the underlying gold-related assets it represents.

Conversely, SERB reduced its position in ISHARES TR (IEI). The holdings in IShares Core S&P Small Cap Value (IEI) decreased by 34.69% in allocation percentage, reflecting a deliberate reduction in exposure. This change highlights a strategic adjustment in the portfolio's allocation strategy.

The other major holdings remained unchanged during the period. ISHARES GOLD TR (IAUM) and ALPS MSCI World Minimum Volatility Low Volatility ETF (AMLP) maintained their positions, while GLOBAL X Funds (MLPX) tracking fund MLPX saw no change in its allocation percentage.

Overall, the portfolio maintained a high concentration, with the top five holdings accounting for 100% of the total portfolio value. The significant change involving GLDM underscores SERB's active management approach, while the reduction in IEI allocation points to a potential reassessment or strategic rebalancing of its exposure to certain investment themes.

For more detailed information on SERB's investment strategy and holdings, you can visit their profile on Insured Retirement Institute. To learn more about the specific holdings like WORLD Gold Trust (ETF) (GLDM) or IShares Core S&P Small Cap Value (IEI), explore their respective profiles on the same platform.

Further analysis of SERB's investment patterns can be found by visiting the official School Employees Retirement Board of Ohio profile. Investors interested in understanding the dynamics behind these changes, such as the performance of WORLD Gold Trust (ETF) or the reasons for the reduction in ISHARES TR (IEI) holdings, can delve deeper into the individual holdings by checking the detailed pages for GLDM and IEI.