Employees Retirement System of Texas

CIK: 0001398739SEC EDGAR →

Portfolio Value

$12.3B

Holdings

496

As of

Q4 2025

New Positions

504

Closed Positions

0

Top 10 Holdings

RankStockSharesValue% of Portfolio
1

VANGUARD SCOTTSDALE FDS

22,211,000$1.3B
10.84%
2

MICROSOFT CORP

1,427,610$690.0M
5.62%
3

NVIDIA CORPORATION

3,662,968$683.0M
5.56%
4

APPLE INC

2,268,191$616.0M
5.01%
5

AMAZON COM INC

1,935,809$446.0M
3.63%
6

DBX ETF TR

11,372,000$418.0M
3.40%
7

ALPHABET INC

1,161,911$364.0M
2.96%
8

BROADCOM INC

844,380$292.0M
2.38%
9

TESLA INC

399,856$179.0M
1.46%
10

JPMORGAN CHASE & CO.

541,000$174.0M
1.42%

Quarterly Changes

Top Buys

COST↑ Increased
$90.9M
NFLX↑ Increased
$85.7M
AMDNEW
$83.0M
MLB1↑ Increased
$79.3M
TMO↑ Increased
$67.1M

Top Sells

META↓ Decreased
$316.1M
VEA↓ Decreased
$288.7M
MA↓ Decreased
$220.5M
LLY↓ Decreased
$141.2M
PH↓ Decreased
$102.6M

New Positions (62)

$83.0M · 391K shares
$53.0M · 262K shares
$37.0M · 571K shares
$25.0M · 500K shares
$19.0M · 245K shares
$9.0M · 137K shares
$3.0M · 34K shares
$3.0M · 13K shares
$2.0M · 43K shares
$2.0M · 171K shares
$2.0M · 5K shares
$1.0M · 45K shares
$1.0M · 12K shares
$1.0M · 37K shares
$1.0M · 42K shares
$1.0M · 101K shares
$1.0M · 43K shares
$1.0M · 3K shares
$252K · 403K shares
$0 · 2K shares
$0 · 1K shares
$0 · 12K shares
$0 · 2K shares
$0 · 326 shares
$0 · 7K shares
$0 · 726 shares
$0 · 260 shares
$0 · 2K shares
$0 · 4K shares
$0 · 1K shares
$0 · 375 shares
$0 · 904 shares
$0 · 1K shares
$0 · 1K shares
$0 · 601 shares
$0 · 1K shares
$0 · 285 shares
$0 · 11K shares
$0 · 377 shares
$0 · 42K shares
$0 · 2K shares
$0 · 1K shares
$0 · 2K shares
$0 · 298 shares
$0 · 698 shares
$0 · 749 shares
$0 · 1K shares
$0 · 2K shares
$0 · 3K shares
$0 · 4K shares
$0 · 2K shares
$0 · 4K shares
$0 · 5K shares
$0 · 358 shares
$0 · 163 shares
$0 · 3K shares
$0 · 1K shares
$0 · 6K shares
$0 · 2K shares
$0 · 1K shares
$0 · 514 shares
$0 · 3K shares

Closed Positions (73)

$74.0M · 382K shares
$70.2M · 540K shares
$57.6M · 226K shares
$44.9M · 718K shares
$28.3M · 196K shares
$15.9M · 114K shares
$14.0M · 50K shares
$5.4M · 212K shares
$3.8M · 27K shares
$3.0M · 28K shares
$2.8M · 18K shares
$2.5M · 51K shares
$2.4M · 19K shares
$2.2M · 276K shares
$2.1M · 65K shares
$2.0M · 2.0M shares
$1.8M · 45K shares
$1.4M · 93K shares
$845K · 17K shares
$637K · 9K shares
$608K · 4K shares
$545K · 9K shares
$513K · 3K shares
$498K · 11K shares
$471K · 3K shares
$423K · 2K shares
$412K · 2K shares
$393K · 4K shares
$380K · 7K shares
$380K · 4K shares
$312K · 5K shares
$300K · 1K shares
$299K · 4K shares
$298K · 12K shares
$288K · 4K shares
$221K · 3K shares
$206K · 749 shares
$205K · 7K shares
$194K · 7K shares
$155K · 2K shares
$151K · 1K shares
$147K · 4K shares
$144K · 2K shares
$128K · 2K shares
$123K · 35K shares
$116K · 390 shares
$106K · 1K shares
$85K · 3K shares
$82K · 753 shares
$79K · 5K shares
$77K · 3K shares
$74K · 1K shares
$73K · 500 shares
$73K · 1K shares
$69K · 2K shares
$67K · 1K shares
$64K · 4K shares
$64K · 596 shares
$61K · 723 shares
$58K · 702 shares
$51K · 1K shares
$49K · 1K shares
$47K · 3K shares
$45K · 684 shares
$43K · 2K shares
$36K · 4K shares
$33K · 1K shares
$25K · 300 shares
$23K · 227 shares
$18K · 474 shares
$13K · 26 shares
$12K · 43 shares
$1K · 49 shares

Sector Breakdown

Sector# HoldingsValue%
Technology106$3.2B31.0%
Financial Services68$3.0B29.3%
Consumer Cyclical48$909.1M8.8%
Communication Services21$668.3M6.4%
Healthcare63$581.4M5.6%
Industrials53$449.1M4.3%
Consumer Defensive23$367.1M3.5%
Energy12$302.0M2.9%
Basic Materials33$291.0M2.8%
Unknown39$263.1M2.5%
Utilities14$186.0M1.8%
Real Estate16$106.1M1.0%