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Employees Retirement System of Texas — 13F Holdings & Portfolio

CIK 1398739 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Employees Retirement System of Texas manages $12.59B in 13F-reported U.S. long-equity assets across 511 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VGIT (10.96%), NVDA (5.20%), AAPL (4.87%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 82 new positions and exited 64; 237 existing positions rose in reported value and 125 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$12.59B

Long-equity book

Holdings
511

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+82 / −64 / ↑237 / ↓125

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VGIT11.0% · 0%NVDA5.2% · -8%AAPL4.9% · +4%MSFT3.8% · -6%AMZN3.5% · -0%HYLB3.3% · 0%GOOG3.0% · +22%AVGO2.4% · -7%AMD1.7% · -2%PANW1.7% · -2%META1.6% · +11%GOOGL1.4% · +2%VGK1.4% · 0%LLY1.4% · -18%WDC1.3% · +68%JPM1.3% · -2%MA1.3% · +19%XOM1.3% · -2%V1.2% · -0%TSLA1.1% · -2%BAC1.1% · +6%MU1.1% · +465%VEA1.0% · 0%JNJ1.0% · newFCX1.0% · +5%CAT1.0% · +86%AMAT0.9% · newABBV0.9% · -2%XBI0.9% · -2%MS0.8% · +11%ANET0.8% · -2%UNH0.8% · +2448%HD0.8% · -17%WMT0.8% · -14%PM0.8% · +1169%CDNS0.8% · -17%SCHW0.8% · -2%NEM0.8% · -8%COST0.8% · -14%PH0.7% · -25%AME0.7% · +11%FAST0.7% · +16%FITB0.7% · -2%KO0.7% · -17%ALLY0.7% · -2%TMO0.6% · -2%ISRG0.6% · +16%NXPI0.6% · -2%ETR0.6% · -2%ETN0.6% · -2%TJX0.6% · -3%EQIX0.6% · -6%TT0.6% · -3%WEC0.6% · -2%MSI0.6% · -23%AXP0.6% · +12%DAL0.5% · newCCL0.5% · -2%MNST0.5% · -2%VRT0.5% · -4%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 40.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 237 →

Top Trims

Show all 125 →

New Positions

Show all 82 →

Exited Positions

Show all 64 →

Employees Retirement System of Texas Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $1.38B 10.96% 23,386,000 PRN
2 NVIDIA CORPORATION NVDA 67066G104 $654.7M 5.20% 3,271,822 SH
3 APPLE INC AAPL 037833100 $612.6M 4.87% 2,116,984 SH
4 MICROSOFT CORP MSFT 594918104 $481.3M 3.82% 1,290,234 SH
5 AMAZON COM INC AMZN 023135106 $440.3M 3.50% 1,847,315 SH
6 DBX ETF TR HYLB 233051432 $415.3M 3.30% 11,372,000 PRN
7 ALPHABET INC GOOG 02079K107 $380.3M 3.02% 1,076,258 SH
8 BROADCOM INC AVGO 11135F101 $298.4M 2.37% 790,055 SH
9 ADVANCED MICRO DEVICES INC AMD 007903107 $212.1M 1.68% 365,075 SH
10 PALO ALTO NETWORKS INC PANW 697435105 $210.7M 1.67% 617,726 SH
11 META PLATFORMS INC META 30303M102 $198.3M 1.58% 352,086 SH
12 ALPHABET INC GOOGL 02079K305 $178.1M 1.41% 498,268 SH
13 VANGUARD INTL EQUITY INDEX F VGK 922042874 $176.8M 1.40% 1,997,090 SH
14 ELI LILLY & CO LLY 532457108 $170.9M 1.36% 142,500 SH
15 WESTERN DIGITAL CORP WDC 958102105 $167.1M 1.33% 261,689 SH
16 JPMORGAN CHASE & CO JPM 46625H100 $165.3M 1.31% 504,900 SH
17 MASTERCARD INCORPORATED MA 57636Q104 $159.5M 1.27% 310,608 SH
18 EXXON MOBIL CORP XOM 30231G102 $157.8M 1.25% 1,154,357 SH
19 VISA INC V 92826C839 $151.1M 1.20% 440,354 SH
20 TESLA INC TSLA 88160R101 $144.4M 1.15% 343,313 SH
21 BANK OF AMER CORP BAC 060505104 $139.3M 1.11% 2,445,089 SH
22 MICRON TECHNOLOGY INC MU 595112103 $133.1M 1.06% 115,273 SH
23 VANGUARD TAX-MANAGED FDS VEA 921943858 $128.1M 1.02% 1,798,331 SH
24 JOHNSON & JOHNSON JNJ 478160104 $124.7M 0.99% 490,900 SH
25 FREEPORT MCMORAN INC FCX 35671D857 $121.7M 0.97% 1,935,702 SH
26 CATERPILLAR INC CAT 149123101 $121.5M 0.97% 114,114 SH
27 APPLIED MATLS INC AMAT 038222105 $118.6M 0.94% 164,101 SH
28 ABBVIE INC ABBV 00287Y109 $112.8M 0.90% 448,200 SH
29 SPDR SERIES TRUST XBI 78464A870 $107.1M 0.85% 676,872 SH
30 MORGAN STANLEY MS 617446448 $106.3M 0.84% 508,300 SH
31 ARISTA NETWORKS INC ANET 040413205 $106.2M 0.84% 624,891 SH
32 UNITEDHEALTH GROUP INC UNH 91324P102 $105.3M 0.84% 253,319 SH
33 HOME DEPOT INC HD 437076102 $104.7M 0.83% 296,775 SH
34 WALMART INC WMT 931142103 $103.4M 0.82% 912,700 SH
35 PHILIP MORRIS INTL INC PM 718172109 $102.5M 0.81% 566,479 SH
36 CADENCE DESIGN SYSTEM INC CDNS 127387108 $98.3M 0.78% 261,857 SH
37 SCHWAB CHARLES CORP SCHW 808513105 $97.7M 0.78% 1,059,367 SH
38 NEWMONT CORP NEM 651639106 $96.1M 0.76% 1,028,934 SH
39 COSTCO WHOLESALE CORPORATION COST 22160K105 $94.4M 0.75% 100,933 SH
40 PARKER-HANNIFIN CORP PH 701094104 $92.9M 0.74% 94,986 SH
41 AMETEK INC AME 031100100 $91.8M 0.73% 379,304 SH
42 FASTENAL CO FAST 311900104 $90.3M 0.72% 1,880,754 SH
43 FIFTH THIRD BANCORP FITB 316773100 $90.2M 0.72% 1,600,100 SH
44 COCA COLA CO KO 191216100 $87.9M 0.70% 1,081,300 SH
45 ALLY FINL INC ALLY 02005N100 $83.8M 0.67% 1,824,746 SH
46 THERMO FISHER SCIENTIFIC INC TMO 883556102 $80.7M 0.64% 161,033 SH
47 INTUITIVE SURGICAL INC ISRG 46120E602 $80.5M 0.64% 202,332 SH
48 NXP SEMICONDUCTORS N V NXPI N6596X109 $79.7M 0.63% 283,762 SH
49 ENTERGY CORP NEW ETR 29364G103 $75.8M 0.60% 659,975 SH
50 EATON CORP PLC ETN G29183103 $73.4M 0.58% 172,333 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $12.59B 511 0001398739-26-000009
2026-03-31 2026-05-13 $11.44B 493 0001398739-26-000006
2025-12-31 2026-02-09 $12.28B 496 0001398739-26-000004
2025-09-30 2025-11-13 $12.52B 507 0001398739-25-000022
Filer Information
Address
P.O. BOX 13207
AUSTIN, TX 78711-3207
Phone
(512) 867-7711
Filing Manager
Employees Retirement System of Texas
AUSTIN, TX
Signatory
Maureen Coulehan
Assistant Director