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Asset Manager ← All Institutions

Employees Retirement System of Texas

Q3 2025 · Filed 2025-11-13
Market Value
$12.4B
+1.8%
Holdings
597
+41
New Purchases
81
Added To
123
Closed
96
Reduced
122
Top 10 Concentration
44.7%
Turnover
29.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AAPL 4.99% 4.05% +0.94% $621M
XLI 0.78% 0.00% +0.78% $97M
NVDA 5.59% 4.87% +0.72% $695M
MDT 0.68% 0.05% +0.63% $85M
GOOG 2.41% 1.87% +0.54% $300M
HUBS 0.53% 0.00% +0.53% $66M
GEHC 0.42% 0.00% +0.42% $52M
TSLA 1.45% 1.07% +0.39% $181M
XLY 0.38% 0.00% +0.38% $47M
NEM 0.76% 0.50% +0.26% $95M
MA 1.77% 1.51% +0.26% $221M
HD 0.91% 0.67% +0.24% $114M
AVGO 2.05% 1.86% +0.20% $255M
ANET 0.69% 0.50% +0.19% $86M
GOOGL 0.90% 0.71% +0.19% $112M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BKNG 0.10% 0.84% -0.74% $12M
PG 0.02% 0.72% -0.70% $3M
PLD 0.43% 0.95% -0.52% $54M
MU 0.00% 0.51% -0.51% $0
SBAC 0.00% 0.47% -0.47% $66K
CMG 0.01% 0.46% -0.45% $1M
DDOG 0.02% 0.44% -0.42% $3M
WELL 0.00% 0.38% -0.38% $0
PANW 0.87% 1.24% -0.37% $109M
O 0.00% 0.21% -0.21% $0
BRBR 0.00% 0.21% -0.21% $0
SPG 0.00% 0.20% -0.20% $0
DLR 0.00% 0.20% -0.20% $0
NFLX 1.11% 1.31% -0.20% $138M
EQIX 0.50% 0.69% -0.20% $62M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $5.8B 46.4%
Large Cap 377 $5.9B 47.5%
Mid Cap 146 $739M 5.9%
Small Cap 25 $16M 0.1%
Micro Cap 2 $25K 0.0%

Portfolio Analytics

Avg Market Cap
$114.2B
Median Market Cap
$22.3B
Avg P/E
32.3
Median P/E
23.2
Avg Dividend Yield
0.03%
Avg Beta
0.98
# Stocks
588
# ETFs / Funds
9

Top Holdings (597 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VGIT 11.52% 23,875,000 $1.4B $60.03 $5M
2 NVDA 5.59% 3,725,494 $695M $186.58 $100M -42,635 -1.1%
3 MSFT 5.35% 1,283,570 $665M $517.95 $28M +4,056 +0.3%
4 AAPL 4.99% 2,439,273 $621M $254.63 $126M +24,759 +1.0%
5 HYLB 3.80% 12,732,000 $472M $37.11 $2M
6 AMZN 3.23% 1,829,338 $402M $219.57 $15M +66,361 +3.8%
7 VEA 3.22% 6,687,831 $401M $59.92 $19M
8 META 2.54% 430,751 $316M $734.38 -$5M -4,987 -1.1%
9 GOOG 2.41% 1,231,120 $300M $243.55 $71M -57,200 -4.4%
10 AVGO 2.05% 774,432 $255M $329.91 $29M -48,598 -5.9%
11 MA 1.77% 388,055 $221M $568.81 $36M +58,563 +17.8%
12 TSLA 1.45% 406,756 $181M $444.72 $51M -3,600 -0.9%
13 JPM 1.40% 550,700 $174M $315.43 -$4M -63,900 -10.4%
14 LLY 1.14% 185,300 $141M $763.00 -$16M -16,000 -8.0%
15 NFLX 1.11% 114,889 $138M $1,198.92 -$22M -4,466 -3.7%
16 XOM 1.09% 1,197,908 $135M $112.75 $14M +74,695 +6.7%
17 BAC 1.06% 2,562,521 $132M $51.59 $23M +256,188 +11.1%
18 WMT 0.95% 1,143,800 $118M $103.06 -$277K -64,600 -5.3%
19 HD 0.91% 280,162 $114M $405.19 $31M +55,211 +24.5%
20 GOOGL 0.90% 460,072 $112M $243.10 $25M -34,026 -6.9%
21 UBER 0.90% 1,138,952 $112M $97.97 $16M +119,244 +11.7%
22 PANW 0.87% 534,256 $109M $203.62 -$43M -208,989 -28.1%
23 KO 0.86% 1,615,982 $107M $66.32 -$16M -119,967 -6.9%
24 PH 0.83% 135,536 $103M $758.15 -$5M -18,133 -11.8%
25 BA 0.82% 472,601 $102M $215.83 $15M +57,155 +13.8%
26 UNH 0.79% 285,141 $98M $345.30 $8M -4,819 -1.7%
27 XLI 0.78% 631,000 $97M $154.23 +631,000 NEW
28 NEM 0.76% 1,125,518 $95M $84.31 $34M +76,399 +7.3%
29 COST 0.73% 98,349 $91M $925.63 -$12M -6,200 -5.9%
30 CDNS 0.72% 255,953 $90M $351.26 $21M +32,507 +14.6%
31 ICE 0.71% 526,214 $89M $168.48 -$9M -4,000 -0.8%
32 NOW 0.71% 95,569 $88M $920.28 $14M +24,077 +33.7%
33 SCHW 0.70% 917,350 $88M $95.47 $16M +128,553 +16.3%
34 ANET 0.69% 592,544 $86M $145.71 $25M -5,300 -0.9%
35 AZO 0.69% 20,077 $86M $4,290.23 $11M -59 -0.3%
36 TJX 0.68% 587,929 $85M $144.54 $9M -24,031 -3.9%
37 MDT 0.68% 891,232 $85M $95.24 $78M +818,000 +1117.0%
38 MSI 0.66% 178,669 $82M $457.29 $9M +4,701 +2.7%
39 MELI 0.64% 33,984 $79M $2,336.95 -$10M -189 -0.6%
40 FITB 0.63% 1,745,400 $78M $44.55 $21M +366,300 +26.6%
41 WEC 0.62% 671,333 $77M $114.59 $6M -6,200 -0.9%
42 SYK 0.60% 200,200 $74M $369.67 -$6M -1,600 -0.8%
43 XBI 0.59% 738,272 $74M $100.20 $3M -115,100 -13.5%
44 MNDY 0.59% 381,850 $74M $193.69 $7M +169,786 +80.1%
45 VRT 0.59% 489,110 $74M $150.86 -$8M -147,245 -23.1%
46 TMUS 0.59% 304,336 $73M $239.38 -$8M -35,927 -10.6%
47 DIS 0.59% 636,258 $73M $114.50 -$7M -5,600 -0.9%
48 CL 0.58% 899,843 $72M $79.94 $13M +254,622 +39.5%
49 KKR 0.56% 540,300 $70M $129.95 $24M +191,600 +55.0%
50 NXPI 0.56% 303,522 $69M $227.73 $8M +23,800 +8.5%
51 TMO 0.54% 138,581 $67M $485.02 $11M -813 -0.6%
52 HIG 0.54% 503,847 $67M $133.39 -$15M -143,900 -22.2%
53 ETR 0.54% 719,875 $67M $93.19 $18M +127,311 +21.5%
54 ETN 0.54% 178,333 $67M $374.25 $3M -1,600 -0.9%
55 ALLY 0.53% 1,696,646 $67M $39.20 $11M +262,563 +18.3%
56 HUBS 0.53% 141,847 $66M $467.80 $66M +140,822 +13738.7%
57 MS 0.53% 417,400 $66M $158.96 $7M -3,800 -0.9%
58 AXP 0.52% 196,400 $65M $332.16 $2M -1,800 -0.9%
59 DHR 0.51% 317,738 $63M $198.26 $6M +27,216 +9.4%
60 FCX 0.50% 1,591,377 $62M $39.22 -$7M -11,039 -0.7%
61 VTR 0.50% 883,023 $62M $69.99 $2M -58,681 -6.2%
62 EQIX 0.50% 78,688 $62M $783.25 -$23M -27,467 -25.9%
63 WM 0.49% 275,761 $61M $220.83 -$4M -6,517 -2.3%
64 ZTS 0.48% 405,709 $59M $146.32 -$4M -2,311 -0.6%
65 MNST 0.48% 879,575 $59M $67.31 -$9M -210,077 -19.3%
66 VB 0.46% 226,425 $58M $254.28 $4M
67 AJG 0.44% 177,100 $55M $309.74 -$14M -37,500 -17.5%
68 TDG 0.44% 41,287 $54M $1,318.02 $10M +12,338 +42.6%
69 BSX 0.44% 554,951 $54M $97.63 -$6M -4,900 -0.9%
70 PLD 0.43% 470,267 $54M $114.52 -$62M -635,942 -57.5%
71 LPLA 0.43% 161,500 $54M $332.69 -$7M -1,500 -0.9%
72 MCK 0.43% 69,217 $53M $772.54 -$642K -4,632 -6.3%
73 GEHC 0.42% 695,000 $52M $75.10 +695,000 NEW
74 LNG 0.42% 220,073 $52M $234.98 -$2M -2,000 -0.9%
75 FMX 0.41% 514,117 $51M $98.63 $1M +33,762 +7.0%
76 ET 0.40% 2,884,857 $50M $17.16 -$3M -26,800 -0.9%
77 XLY 0.38% 196,000 $47M $239.64 +196,000 NEW
78 MDLZ 0.36% 718,446 $45M $62.47 -$4M -5,331 -0.7%
79 PSA 0.35% 150,250 $43M $288.85 $23M +82,167 +120.7%
80 ODFL 0.33% 289,819 $41M $140.78 -$7M -2,400 -0.8%
81 SLB 0.33% 1,184,407 $41M $34.37 $303K -11,000 -0.9%
82 ICLR 0.32% 228,523 $40M $175.00 $8M +8,823 +4.0%
83 NI 0.31% 893,429 $39M $43.30 -$10M -305,833 -25.5%
84 ADBE 0.25% 89,675 $32M $352.75 $12M +38,004 +73.5%
85 APH 0.25% 254,654 $32M $123.75 $21M +147,644 +138.0%
86 PM 0.24% 186,882 $30M $162.20 -$9M -28,714 -13.3%
87 IBB 0.23% 196,200 $28M $144.37 $3M -1,800 -0.9%
88 T 0.18% 777,090 $22M $28.24 -$3M -100,482 -11.4%
89 MO 0.14% 270,562 $18M $66.06 -$625K -44,940 -14.2%
90 CB 0.14% 62,996 $18M $282.26 -$2M -5,466 -8.0%
91 PGR 0.14% 70,017 $17M $246.95 $1M +9,800 +16.3%
92 SE 0.13% 90,318 $16M $178.74 $2M
93 XLV 0.13% 114,100 $16M $139.17 +114,100 NEW
94 VZ 0.12% 351,616 $15M $43.95 -$2M -62,624 -15.1%
95 ORCL 0.11% 49,657 $14M $281.25 $11M +36,287 +271.4%
96 TSM 0.11% 48,800 $14M $279.28 $1M -5,900 -10.8%
97 CME 0.11% 50,197 $14M $270.20 $2M +8,020 +19.0%
98 JBL 0.11% 61,075 $13M $217.18 $12M +54,865 +883.5%
99 BKNG 0.10% 2,238 $12M $5,399.46 -$90M -15,400 -87.3%
100 AEP 0.10% 107,319 $12M $112.50 -$3M -34,616 -24.4%

New Positions

SymbolValue% Port
XLI $97M 0.78%
GEHC $52M 0.42%
XLY $47M 0.38%
XLV $16M 0.13%
LVS $11M 0.09%
JNJ $7M 0.05%
KLAC $6M 0.05%
GLW $5M 0.04%
WPM $5M 0.04%
LOGI $4M 0.03%
HBM $4M 0.03%
AWK $3M 0.02%
CPNG $3M 0.02%
STX $2M 0.02%
SU $2M 0.02%

Sold Out Positions

SymbolValue% Port
YUM —%
AVB —%
EXR —%
NTST —%
CTRE —%
EGP —%
TFII —%
D —%
DLR —%
REXR —%
ADC —%
BNL —%
VOYA —%
GGB —%
BJ —%
View SEC EDGAR Filings for Employees Retirement System of Texas →

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