Employees Retirement System of Texas Q4 2025 Filing

Filed February 9, 2026

Portfolio Value

$12.3B

Holdings

496

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (496 positions)

#StockSharesValue% PortfolioType
1
VGITVANGUARD SCOTTSDALE FDS
22,211,000$1.3B10.84%
2
MSFTMICROSOFT CORP
1,427,610$690.0M5.62%
3
NVDANVIDIA CORPORATION
3,662,968$683.0M5.56%
4
AAPLAPPLE INC
2,268,191$616.0M5.01%
5
AMZNAMAZON COM INC
1,935,809$446.0M3.63%
6
HYLBDBX ETF TR
11,372,000$418.0M3.40%
7
GOOGALPHABET INC
1,161,911$364.0M2.96%
8
AVGOBROADCOM INC
844,380$292.0M2.38%
9
METAMETA PLATFORMS INC
389,372$257.0M2.09%
10
VOOVANGUARD INDEX FDS
403,400$252.0M2.05%
11
MAMASTERCARD INCORPORATED
382,078$218.0M1.77%
12
LLYELI LILLY & CO
182,100$195.0M1.59%
13
TSLATESLA INC
399,856$179.0M1.46%
14
JPMJPMORGAN CHASE & CO.
541,000$174.0M1.42%
15
GOOGLALPHABET INC
499,980$156.0M1.27%
16
XOMEXXON MOBIL CORP
1,245,746$149.0M1.21%
17
NEMNEWMONT CORP
1,380,471$137.0M1.12%
18
BACBANK AMERICA CORP
2,469,085$135.0M1.10%
19
WMTWALMART INC
1,123,700$125.0M1.02%
20
PANWPALO ALTO NETWORKS INC
661,826$121.0M0.99%
21
PHPARKER-HANNIFIN CORP
133,236$117.0M0.95%
22
KOCOCA COLA CO
1,629,273$113.0M0.92%
23
VEAVANGUARD TAX-MANAGED FDS
1,798,331$112.0M0.91%
24
COSTCOSTCO WHSL CORP NEW
126,915$109.0M0.89%
25
FCXFREEPORT-MCMORAN INC
2,050,591$104.0M0.85%
26
XLISELECT SECTOR SPDR TR
662,800$102.0M0.83%
27
TMOTHERMO FISHER SCIENTIFIC INC
175,555$101.0M0.82%
28
UNHUNITEDHEALTH GROUP INC
299,560$98.0M0.80%
29
DHRDANAHER CORPORATION
414,438$94.0M0.77%
30
HDHOME DEPOT INC
275,875$94.0M0.77%
31
MSIMOTOROLA SOLUTIONS INC
236,262$90.0M0.73%
32
CDNSCADENCE DESIGN SYSTEM INC
287,581$89.0M0.72%
33
XBISPDR SERIES TRUST
725,272$88.0M0.72%
34
SCHWSCHWAB CHARLES CORP
890,067$88.0M0.72%
35
TJXTJX COS INC NEW
578,729$88.0M0.72%
36
ANETARISTA NETWORKS INC
668,391$87.0M0.71%
37
DWDMORGAN STANLEY
482,500$85.0M0.69%
38
AMDADVANCED MICRO DEVICES INC
391,075$83.0M0.68%
39
MDTMEDTRONIC PLC
862,697$82.0M0.67%
40
MLB1MERCADOLIBRE INC
40,184$80.0M0.65%
41
FITBFIFTH THIRD BANCORP
1,714,700$80.0M0.65%
42
NOWSERVICENOW INC
505,757$77.0M0.63%
43
ICEINTERCONTINENTAL EXCHANGE IN
466,514$75.0M0.61%
44
ALLYALLY FINL INC
1,666,846$75.0M0.61%
45
AXPAMERICAN EXPRESS CO
193,000$71.0M0.58%
46
WECWEC ENERGY GROUP INC
659,533$69.0M0.56%
47
SYKSTRYKER CORPORATION
197,000$69.0M0.56%
48
HIGHARTFORD INSURANCE GROUP INC
495,607$68.0M0.55%
49
VENVENTAS INC
881,026$68.0M0.55%
50
AZOAUTOZONE INC
19,777$67.0M0.55%
51
MNSTMONSTER BEVERAGE CORP NEW
865,049$66.0M0.54%
52
BSXBOSTON SCIENTIFIC CORP
687,751$65.0M0.53%
53
ETRENTERGY CORP NEW
707,275$65.0M0.53%
54
UBERUBER TECHNOLOGIES INC
794,550$64.0M0.52%
55
LPLALPL FINL HLDGS INC
176,200$62.0M0.50%
56
EQIXEQUINIX INC
78,439$60.0M0.49%
57
TMUST-MOBILE US INC
299,836$60.0M0.49%
58
PLDPROLOGIS INC.
462,067$58.0M0.47%
59
SPOTSPOTIFY TECHNOLOGY S A
100,209$58.0M0.47%
60
WMWASTE MGMT INC DEL
267,218$58.0M0.47%
61
FLUTFLUTTER ENTMT PLC
257,400$55.0M0.45%
62
ETNEATON CORP PLC
175,233$55.0M0.45%
63
MCKMCKESSON CORP
68,117$55.0M0.45%
64
NXPINXP SEMICONDUCTORS N V
245,181$53.0M0.43%
65
T7DTRANSDIGM GROUP INC
40,587$53.0M0.43%
66
AMEAMETEK INC
262,148$53.0M0.43%
67
NFLXNETFLIX INC
562,728$52.0M0.42%
68
ZTSZOETIS INC
398,709$50.0M0.41%
69
FMXFOMENTO ECONOMICO MEXICANO S
493,602$49.0M0.40%
70
ETENERGY TRANSFER L P
2,834,057$46.0M0.37%
71
FASTFASTENAL CO
1,146,011$45.0M0.37%
72
AJGGALLAGHER ARTHUR J & CO
174,000$45.0M0.37%
73
VRTVERTIV HOLDINGS CO
273,879$44.0M0.36%
74
SLBSLB LIMITED
1,163,607$44.0M0.36%
75
ODFLOLD DOMINION FREIGHT LINE IN
285,219$44.0M0.36%
76
TTTRANE TECHNOLOGIES PLC
114,774$44.0M0.36%
77
GEHCGE HEALTHCARE TECHNOLOGIES I
535,700$43.0M0.35%
78
ISRGINTUITIVE SURGICAL INC
76,841$43.0M0.35%
79
LNGCHENIERE ENERGY INC
216,273$42.0M0.34%
80
BABOEING CO
189,201$41.0M0.33%
81
TOSTTOAST INC
1,114,408$39.0M0.32%
82
PSAPUBLIC STORAGE OPER CO
147,650$38.0M0.31%
83
WSOWATSCO INC
112,601$37.0M0.30%
84
DC4DEXCOM INC
570,600$37.0M0.30%
85
NINISOURCE INC
877,729$36.0M0.29%
86
ADBEADOBE INC
89,675$31.0M0.25%
87
APHAMPHENOL CORP NEW
223,954$30.0M0.24%
88
PAAAPGIM ETF TR
500,000$25.0M0.20%
89
IAU*ISHARES GOLD TR
244,500$19.0M0.15%
90
4I1PHILIP MORRIS INTL INC
117,747$18.0M0.15%
91
DISDISNEY WALT CO
150,623$17.0M0.14%
92
FETFORUM ENERGY TECHNOLOGIES IN
441,787$16.0M0.13%
93
ASMLASML HOLDING N V
14,539$15.0M0.12%
94
LVSLAS VEGAS SANDS CORP
221,950$14.0M0.11%
95
BMYBRISTOL-MYERS SQUIBB CO
244,257$13.0M0.11%
96
CRMSALESFORCE INC
51,715$13.0M0.11%
97
TSMTAIWAN SEMICONDUCTOR MFG LTD
43,500$13.0M0.11%
98
MRKMERCK & CO INC
116,454$12.0M0.10%
99
LRCXLAM RESEARCH CORP
75,560$12.0M0.10%
100
XLYSELECT SECTOR SPDR TR
96,400$11.0M0.09%
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