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TEACHER RETIREMENT SYSTEM OF TEXAS

4655 MUELLER BLVD, AUSTIN, TX 78723 • 5125426275

Q1 2026 · Filed 2026-04-30
Market Value
$23.7B
-17.1%
Holdings
1,727
-277
New Purchases
153
Added To
478
Closed
286
Reduced
803
Top 10 Concentration
28.2%
Turnover
25.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
NVDA 5.66% 4.99% +0.67% $1.3B
AAPL 4.98% 4.45% +0.54% $1.2B
XOM 0.95% 0.57% +0.38% $224M
GEV 0.60% 0.32% +0.28% $143M
AMAT 0.44% 0.18% +0.26% $105M
GOOGL 2.32% 2.06% +0.26% $551M
JNJ 0.85% 0.60% +0.25% $201M
PSX 0.28% 0.04% +0.23% $65M
IVV 1.74% 1.51% +0.23% $413M
0HQN.L 0.23% 0.00% +0.22% $54M
MU 0.50% 0.28% +0.22% $119M
AMZN 2.54% 2.32% +0.22% $602M
LECO 0.23% 0.01% +0.21% $54M
NFLX 0.69% 0.48% +0.20% $163M
VRT 0.20% 0.01% +0.20% $48M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VOO 2.13% 14.49% -12.36% $506M
GLD 0.00% 0.79% -0.79% $0
SLV 0.00% 0.32% -0.32% $0
MSFT 3.49% 3.74% -0.25% $827M
ADSK 0.18% 0.38% -0.20% $43M
SARO 0.00% 0.20% -0.20% $674K
IAUM 0.00% 0.20% -0.20% $0
AZO 0.06% 0.22% -0.17% $14M
GDXJ 0.00% 0.15% -0.15% $0
DIS 0.13% 0.25% -0.12% $31M
QCOM 0.10% 0.22% -0.12% $24M
CI 0.11% 0.23% -0.11% $27M
JPM 0.90% 1.01% -0.11% $215M
SPGI 0.10% 0.21% -0.11% $23M
B 0.00% 0.11% -0.11% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 28.7%
Financial Services 17.4%
Consumer Cyclical 10.3%
Industrials 9.9%
Healthcare 8.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 58 $12.2B 51.5%
Large Cap 668 $9.8B 41.2%
Mid Cap 669 $1.3B 5.7%
Small Cap 327 $373M 1.6%
Micro Cap 5 $836K 0.0%

Portfolio Analytics

Avg Market Cap
$50.0B
Median Market Cap
$7.1B
Avg P/E
32.4
Median P/E
21.6
Avg Dividend Yield
0.02%
Avg Beta
1.06
# Stocks
1,717
# ETFs / Funds
10

Top Holdings (1,727 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 5.66% 7,701,501 $1.3B $174.40 -$85M +43,680 +0.6%
2 AAPL 4.98% 4,658,611 $1.2B $253.79 -$91M -24,035 -0.5%
3 MSFT 3.49% 2,234,699 $827M $370.17 -$244M +20,203 +0.9%
4 AMZN 2.54% 2,891,976 $602M $208.27 -$62M +14,300 +0.5%
5 GOOGL 2.32% 1,915,085 $551M $287.56 -$40M +27,464 +1.4%
6 VOO 2.13% 846,831 $506M $597.55 -$3.6B -5,768,943 -87.2%
7 AVGO 1.87% 1,429,755 $443M $309.51 -$66M -38,459 -2.6%
8 GOOG 1.81% 1,497,488 $430M $286.86 -$37M +10,532 +0.7%
9 IVV 1.74% 632,560 $413M $653.21 -$20M
10 META 1.66% 690,275 $395M $572.13 -$66M -8,665 -1.2%
11 TSLA 1.23% 784,955 $292M $371.75 -$55M +13,750 +1.8%
12 LLY 1.12% 289,939 $267M $919.77 -$22M +21,045 +7.8%
13 EMXC 1.00% 3,004,394 $236M $78.66 -$4M -301,250 -9.1%
14 XOM 0.95% 1,322,843 $224M $169.66 $62M -29,996 -2.2%
15 JPM 0.90% 729,429 $215M $294.16 -$76M -171,239 -19.0%
16 JNJ 0.85% 823,546 $201M $244.44 $31M -1,123 -0.1%
17 BRK-B 0.83% 410,348 $197M $479.20 -$14M -9,544 -2.3%
18 V 0.71% 558,754 $169M $302.24 -$4M +66,175 +13.4%
19 MA 0.70% 333,230 $167M $499.66 -$22M +3,408 +1.0%
20 NFLX 0.69% 1,690,522 $163M $96.15 $24M +217,326 +14.8%
21 WMT 0.63% 1,206,883 $150M $124.28 -$16M -281,193 -18.9%
22 VB 0.63% 567,165 $149M $261.92 $2M
23 IJR 0.62% 1,185,799 $147M $124.31 $5M
24 GEV 0.60% 164,382 $143M $872.90 $52M +24,091 +17.2%
25 COST 0.60% 142,170 $142M $996.43 $21M +1,741 +1.2%
26 PLTR 0.59% 954,254 $140M $146.28 -$11M +107,077 +12.6%
27 PG 0.58% 954,261 $138M $144.44 -$2M -20,890 -2.1%
28 KO 0.56% 1,736,130 $132M $76.05 $6M -60,630 -3.4%
29 CAT 0.53% 178,829 $127M $708.46 $29M +8,211 +4.8%
30 GE 0.50% 421,759 $120M $283.77 -$22M -38,452 -8.4%
31 MU 0.50% 351,288 $119M $337.84 $38M +70,078 +24.9%
32 LRCX 0.49% 547,533 $117M $213.66 $9M -81,175 -12.9%
33 WFC 0.48% 1,442,575 $115M $79.61 $2M +233,794 +19.3%
34 BAC 0.48% 2,341,477 $114M $48.75 -$29M -263,371 -10.1%
35 HD 0.45% 322,475 $106M $328.89 -$8M -8,041 -2.4%
36 AMAT 0.44% 307,304 $105M $341.79 $53M +104,280 +51.4%
37 CSCO 0.44% 1,349,530 $105M $77.59 $1M +3,190 +0.2%
38 C 0.43% 897,008 $102M $113.41 $29M +274,954 +44.2%
39 AG 0.43% 4,732,148 $102M $21.48 $20M -185,852 -3.8%
40 PEP 0.43% 653,762 $102M $155.29 $31M +160,910 +32.6%
41 ABBV 0.42% 456,420 $99M $217.49 -$35M -133,332 -22.6%
42 LIN 0.42% 199,537 $99M $495.76 $18M +9,047 +4.8%
43 MCK 0.41% 111,943 $97M $865.36 $34M +35,353 +46.2%
44 IBM 0.41% 398,350 $97M $242.39 $4M +86,091 +27.6%
45 INTC 0.40% 2,169,961 $96M $44.13 $857K -401,952 -15.6%
46 MCD 0.40% 304,232 $95M $310.79 $20M +60,309 +24.7%
47 CVX 0.39% 452,316 $94M $206.90 $17M -53,390 -10.6%
48 TJX 0.39% 577,652 $92M $159.70 $2M -11,059 -1.9%
49 EQR 0.39% 1,550,713 $92M $59.15 $29M +552,312 +55.3%
50 VZ 0.38% 1,790,097 $90M $50.20 $364K -407,269 -18.5%
51 AVB 0.37% 541,135 $88M $163.35 $25M +193,067 +55.5%
52 BAP 0.37% 257,975 $87M $339.18 $24M +37,786 +17.2%
53 MELI 0.37% 50,547 $87M $1,729.02 $2M +7,936 +18.6%
54 AMD 0.36% 420,332 $86M $203.43 -$11M -28,828 -6.4%
55 PM 0.36% 512,104 $85M $165.34 -$3M -35,773 -6.5%
56 T 0.35% 2,843,501 $82M $28.99 $20M +310,327 +12.2%
57 MRK 0.33% 659,877 $79M $120.29 -$3M -118,090 -15.2%
58 KLAC 0.33% 53,620 $79M $1,472.41 $14M -220 -0.4%
59 RTX 0.33% 408,376 $79M $192.90 $4M +2,103 +0.5%
60 CRM 0.32% 412,680 $77M $186.67 -$2M +115,724 +39.0%
61 WMB 0.32% 1,037,372 $75M $72.78 $8M -83,403 -7.4%
62 STX 0.31% 190,131 $74M $391.76 $37M +54,394 +40.1%
63 BKNG 0.31% 17,187 $72M $4,210.32 -$20M -9 -0.1%
64 ANET 0.30% 585,647 $72M $122.78 -$10M -41,496 -6.6%
65 ORCL 0.30% 488,221 $72M $147.11 -$16M +35,820 +7.9%
66 AXP 0.30% 235,968 $71M $302.48 $2M +48,673 +26.0%
67 TXN 0.30% 367,171 $71M $194.14 $19M +67,519 +22.5%
68 WDC 0.29% 258,564 $70M $270.49 $7M -108,776 -29.6%
69 NOW 0.28% 645,290 $67M $104.55 $19M +326,265 +102.3%
70 TMO 0.28% 134,785 $66M $491.53 $12M +41,002 +43.7%
71 APH 0.28% 521,016 $66M $126.35 -$22M -126,875 -19.6%
72 UNH 0.28% 242,762 $66M $270.59 -$19M -13,006 -5.1%
73 ISRG 0.28% 142,368 $66M $460.99 -$16M -2,126 -1.5%
74 PSX 0.28% 358,832 $65M $182.18 $54M +268,006 +295.1%
75 ADBE 0.27% 262,582 $64M $243.08 -$12M +46,971 +21.8%
76 INTU 0.27% 146,270 $63M $432.38 -$26M +11,170 +8.3%
77 GD 0.26% 177,009 $61M $343.22 -$629K -5,318 -2.9%
78 BMY 0.25% 992,376 $60M $60.65 -$2M -161,180 -14.0%
79 ROST 0.25% 277,565 $60M $216.63 $4M -35,409 -11.3%
80 UBER 0.25% 835,225 $60M $71.93 $15M +281,071 +50.7%
81 ACN 0.25% 302,589 $60M $198.29 -$16M +20,249 +7.2%
82 AMT 0.25% 347,326 $60M $172.58 $13M +81,321 +30.6%
83 PEGA 0.25% 1,396,021 $59M $42.56 -$24M -4,065 -0.3%
84 GM 0.25% 794,863 $59M $74.50 -$5M +4,614 +0.6%
85 ESS 0.25% 244,402 $59M $242.00 $18M +86,964 +55.2%
86 MPC 0.25% 239,138 $58M $244.18 $23M +23,145 +10.7%
87 AON 0.25% 180,893 $58M $322.78 $19M +68,612 +61.1%
88 ADI 0.24% 182,090 $58M $318.14 $15M +24,773 +15.8%
89 VLTO 0.24% 633,077 $56M $88.42 -$3M +39,170 +6.6%
90 VRTX 0.23% 124,317 $56M $446.54 $5M +13,307 +12.0%
91 APG 0.23% 1,357,740 $55M $40.52 -$31M -891,043 -39.6%
92 MO 0.23% 827,807 $55M $65.99 -$13M -341,309 -29.2%
93 TEL 0.23% 260,335 $54M $209.02 $3M +33,625 +14.8%
94 MAA 0.23% 444,253 $54M $122.12 $14M +158,064 +55.2%
95 LECO 0.23% 216,505 $54M $249.08 $50M +200,818 +1280.2%
96 0HQN.L 0.23% 191,105 $54M $281.07 $53M +186,510 +4059.0%
97 NEM 0.22% 492,495 $53M $108.25 -$11M -147,471 -23.0%
98 MNST 0.22% 718,720 $52M $72.46 -$4M -16,079 -2.2%
99 BK 0.22% 435,745 $52M $118.63 $13M +105,884 +32.1%
100 EQIX 0.21% 51,896 $51M $980.24 $36M +32,675 +170.0%

New Positions

SymbolValue% Port
BLK $42M 0.18%
ODV $21M 0.09%
VSNTV $18M 0.07%
THM $14M 0.06%
APC $9M 0.04%
AGO $6M 0.03%
EQPT $6M 0.03%
INVA $5M 0.02%
PAYP $4M 0.02%
PRA $4M 0.02%
CTLP $4M 0.02%
MDA $4M 0.02%
AGBK $4M 0.02%
GMTL $3M 0.01%
UNFI $3M 0.01%

Sold Out Positions

SymbolValue% Port
EQBK —%
ATEN —%
OC —%
CODI —%
ACHR —%
QXO —%
AEM —%
BKH —%
SLVM —%
RYAN —%
BROS —%
SLGN —%
NXRT —%
WH —%
XIFR —%
View SEC EDGAR Filings for TEACHER RETIREMENT SYSTEM OF TEXAS →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms