Employees Retirement System of Texas
Sector Allocation
- Technology36.4%$4.6B
- Other18.4%$2.3B
- Financials10.6%$1.3B
- Healthcare7.7%$964.9M
- Consumer Discretionary7.4%$934.0M
- Industrials6.2%$783.0M
- Consumer Staples3.8%$478.7M
- Energy2.8%$352.6M
- Materials2.1%$258.7M
- Real Estate2.0%$253.0M
AUM History
13fpro.ai/research/fund/employees-retirement-system-of-texas-1398739
Conviction and streaks
Diversifying · top 10 = 40.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
- VANGUARD$1.4B
NVDA
$654.7MAAPL
$612.6MMSFT
$481.3MAMZN
$440.3M- DBX$415.3M
GOOG
$380.3MAVGO
$298.4MAMD
$212.1MPANW
$210.7MMETA
$198.3MGOOGL
$178.1M- VANGUARD$176.8M
LLY
$170.9MWDC
$167.1MJPM
$165.3MMA
$159.5MXOM.R34088
$157.8MV
$151.1MTSLA
$144.4M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/employees-retirement-system-of-texas-1398739
Employees Retirement System of Texas 13F holdings — Q2 2026
$12.6B portfolio (+10.1% QoQ) · 511 holdings · Q2 2026 13F · top 10 are 40% of the stock portfolio
- 1
VANGUARD SCOTTSDALE FDS - INTER TERM TREAS
$1.4B
11.0% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $654.7M
5.2% of stocks
-8%This quarter-3.2%Since filed6+ qtrsHeld$612.6M
4.9% of stocks
+4%This quarter+13.5%Since filed6+ qtrsHeld$481.3M
3.8% of stocks
-6%This quarter+7.3%Since filed6+ qtrsHeld$440.3M
3.5% of stocks
-0.3%This quarter-3.6%Since filed6+ qtrsHeld- 6
DBX ETF TR - XTRACK USD HIGH
$415.3M
3.3% of stocks
No changeThis quarter—Since filed—HeldAIQuality—Est. buy— $380.3M
3.0% of stocks
+22%This quarter-7.8%Since filed5 qtrsHeld$298.4M
2.4% of stocks
-7%This quarter-12.9%Since filed6+ qtrsHeld$212.1M
1.7% of stocks
-2%This quarter+8.9%Since filed3 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$210.7M
1.7% of stocks
-2%This quarter+4.5%Since filed6+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
All holdings — Employees Retirement System of Texas (Q2 2026)
511 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Meta Platforms, Inc. | Technology | $198.3M | 1.6% | 352K | +11% | 6+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Alphabet Inc. | Technology | $178.1M | 1.4% | 498K | +2% | 6+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | — | VANGUARD INTL EQUITY INDEX F - FTSE EUROPE ETFetf/fund | — | $176.8M | 1.4% | 2.00M | — | — | — | 13F |
| 14 | ELI LILLY & Co | Healthcare | $170.9M | 1.4% | 143K | -18% | 6+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | WESTERN DIGITAL CORP | Technology | $167.1M | 1.3% | 262K | +68% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | JPMORGAN CHASE & CO | Financials | $165.3M | 1.3% | 505K | -2% | 6+ qtrsTrimmed 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Mastercard Inc | Financials | $159.5M | 1.3% | 311K | +19% | 6+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | EXXON MOBIL CORP | Energy | $157.8M | 1.3% | 1.15M | -2% | 6+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | VISA INC. | Financials | $151.1M | 1.2% | 440K | -0.3% | 6+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Tesla, Inc. | Consumer Discretionary | $144.4M | 1.1% | 343K | -2% | 6+ qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | BANK OF AMERICA CORP /DE/ | Financials | $139.3M | 1.1% | 2.45M | +6% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | MICRON TECHNOLOGY INC | Technology | $133.1M | 1.1% | 115K | +465% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKTetf/fund | — | $128.1M | 1.0% | 1.80M | — | — | — | 13F |
| 24 | JOHNSON & JOHNSON | Healthcare | $124.7M | 1.0% | 491K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | FREEPORT-MCMORAN INC | Materials | $121.7M | 1.0% | 1.94M | +5% | 6+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $CAT | CATERPILLAR INC | Industrials | $121.5M | 1.0% | 114K | +86% | |||
| 27 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $118.6M | 0.9% | 164K | New | |||
| 28 | $ABBV | AbbVie Inc. | Healthcare | $112.8M | 0.9% | 448K | -2% | |||
| 29 | — | SPDR SERIES TRUST - ST STR SP BIOT | — | $107.1M | 0.8% | 677K | -2% | |||
| 30 | $MS | MORGAN STANLEY | Financials | $106.3M | 0.8% | 508K | +11% | |||
| 31 | $ANET | Arista Networks, Inc. | Technology | $106.2M | 0.8% | 625K | -2% | |||
| 32 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $105.3M | 0.8% | 253K | +2448% | |||
| 33 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $104.7M | 0.8% | 297K | -17% | |||
| 34 | $WMT | Walmart Inc. | Consumer Staples | $103.4M | 0.8% | 913K | -14% | |||
| 35 | $PM | Philip Morris International Inc. | Consumer Staples | $102.5M | 0.8% | 566K | +1169% | |||
| 36 | $CDNS | CADENCE DESIGN SYSTEMS INC | Technology | $98.3M | 0.8% | 262K | -17% | |||
| 37 | $SCHW | SCHWAB CHARLES CORP | Financials | $97.7M | 0.8% | 1.06M | -2% | |||
| 38 | $NEM | NEWMONT Corp /DE/ | Materials | $96.1M | 0.8% | 1.03M | -8% | |||
| 39 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $94.4M | 0.8% | 101K | -14% | |||
| 40 | $PH | Parker-Hannifin Corp | Industrials | $92.9M | 0.7% | 95K | -25% | |||
| 41 | $AME | AMETEK INC/ | Industrials | $91.8M | 0.7% | 379K | +11% | |||
| 42 | $FAST | FASTENAL CO | Industrials | $90.3M | 0.7% | 1.88M | +16% | |||
| 43 | $FITB | FIFTH THIRD BANCORP | Financials | $90.2M | 0.7% | 1.60M | -2% | |||
| 44 | $KO | COCA COLA CO | Consumer Staples | $87.9M | 0.7% | 1.08M | -17% | |||
| 45 | $ALLY | Ally Financial Inc. | Financials | $83.8M | 0.7% | 1.82M | -2% | |||
| 46 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $80.7M | 0.6% | 161K | -2% | |||
| 47 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $80.5M | 0.6% | 202K | +16% | |||
| 48 | $NXPI | NXP Semiconductors N.V. | Technology | $79.7M | 0.6% | 284K | -2% | |||
| 49 | $ETR | ENTERGY CORP /DE/ | Utilities | $75.8M | 0.6% | 660K | -2% | |||
| 50 | $ETN | Eaton Corp plc | Industrials | $73.4M | 0.6% | 172K | -2% | |||
| 51 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $73.0M | 0.6% | 482K | -3% | |||
| 52 | $EQIX | EQUINIX INC | Real Estate | $73.0M | 0.6% | 70K | -6% | |||
| 53 | $TT | Trane Technologies plc | Technology | $72.8M | 0.6% | 148K | -3% | |||
| 54 | $WEC | WEC ENERGY GROUP, INC. | Utilities | $71.9M | 0.6% | 616K | -2% | |||
| 55 | $MSI | Motorola Solutions, Inc. | Technology | $70.0M | 0.6% | 169K | -23% | |||
| 56 | $AXP | AMERICAN EXPRESS CO | Financials | $69.7M | 0.6% | 206K | +12% | |||
| 57 | $DAL | DELTA AIR LINES, INC. | Industrials | $66.9M | 0.5% | 714K | New | |||
| 58 | $CCL | Carnival Corp Ltd. | Industrials | $64.6M | 0.5% | 2.26M | -2% | |||
| 59 | $MNST | Monster Beverage Corp | Consumer Staples | $64.2M | 0.5% | 668K | -2% | |||
| 60 | $VRT | Vertiv Holdings Co | Technology | $63.9M | 0.5% | 191K | -4% | |||
| 61 | $SLB | SLB LIMITED/NV | Energy | $63.3M | 0.5% | 1.36M | +11% | |||
| 62 | $H | Hyatt Hotels Corp | Consumer Discretionary | $61.9M | 0.5% | 319K | New | |||
| 63 | $HIG | HARTFORD INSURANCE GROUP, INC. | Financials | $61.3M | 0.5% | 463K | -2% | |||
| 64 | $SYK | STRYKER CORP | Healthcare | $60.8M | 0.5% | 193K | -1% | |||
| 65 | $MDT | Medtronic plc | Healthcare | $60.7M | 0.5% | 777K | -0.5% | |||
| 66 | $TMUS | T-Mobile US, Inc. | Communication Services | $60.2M | 0.5% | 359K | +0.7% | |||
| 67 | $VTR | Ventas, Inc. | Real Estate | $58.9M | 0.5% | 663K | -20% | |||
| 68 | $PLD | Prologis, Inc. | Real Estate | $58.4M | 0.5% | 431K | -2% | |||
| 69 | $ODFL | OLD DOMINION FREIGHT LINE, INC. | Industrials | $57.6M | 0.5% | 266K | -27% | |||
| 70 | $NOW | ServiceNow, Inc. | Technology | $57.5M | 0.5% | 580K | -2% | |||
| 71 | $ET | Energy Transfer LP | Energy | $56.7M | 0.5% | 2.97M | -11% | |||
| 72 | $ICE | Intercontinental Exchange, Inc. | Financials | $55.6M | 0.4% | 451K | -2% | |||
| 73 | — | ISHARES INC - MSCI JAPAN ETF | — | $55.3M | 0.4% | 592K | — | |||
| 74 | $TDG | TransDigm Group INC | Industrials | $50.6M | 0.4% | 38K | -2% | |||
| 75 | $IAU | ISHARES GOLD TRUST | Financials | $50.1M | 0.4% | 664K | -80% | |||
| 76 | $WM | WASTE MANAGEMENT INC | Utilities | $47.7M | 0.4% | 214K | -16% | |||
| 77 | $LNG | Cheniere Energy, Inc. | Energy | $46.9M | 0.4% | 196K | -0.5% | |||
| 78 | $INTC | INTEL CORP | Technology | $44.2M | 0.3% | 317K | New | |||
| 79 | $PSA | Public Storage | Real Estate | $43.4M | 0.3% | 136K | -2% | |||
| 80 | $APH | AMPHENOL CORP /DE/ | Technology | $39.5M | 0.3% | 224K | — | |||
| 81 | $NI | NISOURCE INC. | Utilities | $38.9M | 0.3% | 819K | -2% | |||
| 82 | — | PGIM ETF TR - AAA CLO ETF | — | $38.5M | 0.3% | 750K | -25% | |||
| 83 | $BA | BOEING CO | Industrials | $38.3M | 0.3% | 177K | -2% | |||
| 84 | $DXCM | DEXCOM INC | Healthcare | $36.3M | 0.3% | 539K | -2% | |||
| 85 | $LRCX | LAM RESEARCH CORP | Technology | $32.7M | 0.3% | 76K | — | |||
| 86 | $ASML | ASML HOLDING NV | Technology | $27.4M | 0.2% | 14K | -5% | |||
| 87 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $25.5M | 0.2% | 250K | New | |||
| 88 | $SNDK | Sandisk Corp | Technology | $23.9M | 0.2% | 10K | -48% | |||
| 89 | $LIN | LINDE PLC | Materials | $20.2M | 0.2% | 39K | +62% | |||
| 90 | $CB | Chubb Ltd | Financials | $18.4M | 0.1% | 54K | +1222% | |||
| 91 | $ADBE | ADOBE INC. | Technology | $18.4M | 0.1% | 90K | — | |||
| 92 | $EW | Edwards Lifesciences Corp | Healthcare | $18.0M | 0.1% | 199K | +88% | |||
| 93 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $16.8M | 0.1% | 35K | — | |||
| 94 | $FTNT | Fortinet, Inc. | Technology | $14.9M | 0.1% | 97K | -22% | |||
| 95 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $14.6M | 0.1% | 67K | +296% | |||
| 96 | — | ISHARES INC - MSCI EMRG CHN | — | $14.0M | 0.1% | 137K | — | |||
| 97 | $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | Technology | $13.9M | 0.1% | 82K | New | |||
| 98 | $DIS | Walt Disney Co | Communication Services | $13.6M | 0.1% | 142K | -6% | |||
| 99 | $BDX | BECTON DICKINSON & CO | Healthcare | $11.8M | 0.1% | 78K | +3437% | |||
| 100 | $NOK | NOKIA CORP | Technology | $11.0M | 0.1% | 829K | — | |||
| 101 | $LVS | LAS VEGAS SANDS CORP | Consumer Discretionary | $11.0M | 0.1% | 238K | — | |||
| 102 | $CCZ | COMCAST CORP | Communication Services | $10.7M | 0.1% | 436K | +1012% | |||
| 103 | $BKNG | Booking Holdings Inc. | Consumer Discretionary | $10.1M | 0.1% | 57K | +2400% | |||
| 104 | $CSCO | CISCO SYSTEMS, INC. | Technology | $9.4M | 0.1% | 80K | +66% | |||
| 105 | $HCA | HCA Healthcare, Inc. | Healthcare | $9.1M | 0.1% | 23K | +1125% | |||
| 106 | $STX | Seagate Technology Holdings plc | Technology | $8.8M | 0.1% | 9,116 | +298% | |||
| 107 | $CRM | Salesforce, Inc. | Technology | $8.4M | 0.1% | 54K | — | |||
| 108 | $ORLY | O REILLY AUTOMOTIVE INC | Consumer Discretionary | $8.1M | 0.1% | 88K | — | |||
| 109 | $PLTR | Palantir Technologies Inc. | Technology | $7.9M | 0.1% | 68K | +167% | |||
| 110 | $TXN | TEXAS INSTRUMENTS INC | Technology | $7.5M | 0.1% | 25K | — | |||
| 111 | $INTU | INTUIT INC. | Technology | $7.5M | 0.1% | 29K | +77% | |||
| 112 | $RMD | RESMED INC | Healthcare | $7.4M | 0.1% | 38K | — | |||
| 113 | $PEP | PEPSICO INC | Consumer Staples | $7.4M | 0.1% | 54K | +63% | |||
| 114 | $PBR | PETROBRAS - PETROLEO BRASILEIRO SA | Energy | $6.9M | 0.1% | 424K | +63% | |||
| 115 | $DASH | DoorDash, Inc. | Consumer Discretionary | $6.8M | 0.1% | 37K | +11% | |||
| 116 | $DHR | DANAHER CORP /DE/ | Healthcare | $6.7M | 0.1% | 35K | -91% | |||
| 117 | $MTD | METTLER TOLEDO INTERNATIONAL INC/ | Healthcare | $6.5M | 0.1% | 5,119 | — | |||
| 118 | $BSX | BOSTON SCIENTIFIC CORP | Healthcare | $6.4M | 0.1% | 149K | -78% | |||
| 119 | $SHEL | Shell plc | Energy | $6.0M | 0.1% | 78K | New | |||
| 120 | $TEL | TE Connectivity plc | Technology | $6.0M | 0.1% | 30K | -26% | |||
| 121 | $MCD | MCDONALDS CORP | Consumer Discretionary | $5.9M | 0.1% | 22K | — | |||
| 122 | $CNMD | CONMED Corp | Healthcare | $5.9M | 0.1% | 6.00M | — | |||
| 123 | $XYL | Xylem Inc. | Industrials | $5.5M | 0.0% | 47K | New | |||
| 124 | $AZO | AUTOZONE INC | Consumer Discretionary | $5.5M | 0.0% | 1,718 | +871% | |||
| 125 | $SHOP | SHOPIFY INC. | Technology | $5.4M | 0.0% | 48K | — | |||
| 126 | $MCO | MOODYS CORP /DE/ | Financials | $5.4M | 0.0% | 12K | — | |||
| 127 | $NET | Cloudflare, Inc. | Technology | $5.3M | 0.0% | 22K | -34% | |||
| 128 | $FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $5.3M | 0.0% | 23K | -26% | |||
| 129 | $ELV | Elevance Health, Inc. | Healthcare | $5.3M | 0.0% | 14K | — | |||
| 130 | $CVS | CVS HEALTH Corp | Healthcare | $5.3M | 0.0% | 51K | — | |||
| 131 | $VRSN | VERISIGN INC/CA | Technology | $5.3M | 0.0% | 21K | — | |||
| 132 | $AMT | AMERICAN TOWER CORP /MA/ | Real Estate | $5.1M | 0.0% | 31K | — | |||
| 133 | $MO | ALTRIA GROUP, INC. | Consumer Staples | $4.8M | 0.0% | 67K | — | |||
| 134 | $IDXX | IDEXX LABORATORIES INC /DE | Healthcare | $4.8M | 0.0% | 9,078 | +8% | |||
| 135 | $WST | WEST PHARMACEUTICAL SERVICES INC | Healthcare | $4.7M | 0.0% | 13K | — | |||
| 136 | $KLAC | KLA CORP | Technology | $4.5M | 0.0% | 15K | +218% | |||
| 137 | $CNQ | CANADIAN NATURAL RESOURCES Ltd | Energy | $4.4M | 0.0% | 112K | — | |||
| 138 | $KGC | KINROSS GOLD CORP | Materials | $4.4M | 0.0% | 187K | -9% | |||
| 139 | $CAH | CARDINAL HEALTH INC | Consumer Staples | $4.4M | 0.0% | 19K | New | |||
| 140 | $GDDY | GoDaddy Inc. | Technology | $4.3M | 0.0% | 50K | +3272% | |||
| 141 | $AFL | AFLAC INC | Financials | $4.0M | 0.0% | 34K | — | |||
| 142 | $CPRT | COPART INC | Consumer Discretionary | $3.9M | 0.0% | 138K | — | |||
| 143 | $WRB | BERKLEY W R CORP | Financials | $3.9M | 0.0% | 55K | +2204% | |||
| 144 | $T | AT&T INC. | Communication Services | $3.8M | 0.0% | 186K | — | |||
| 145 | $AMH | American Homes 4 Rent | Real Estate | $3.8M | 0.0% | 115K | +1451% | |||
| 146 | $AIG | AMERICAN INTERNATIONAL GROUP, INC. | Financials | $3.7M | 0.0% | 50K | New | |||
| 147 | $CTAS | CINTAS CORP | Consumer Discretionary | $3.6M | 0.0% | 21K | +401% | |||
| 148 | $MRK | Merck & Co., Inc. | Healthcare | $3.6M | 0.0% | 28K | — | |||
| 149 | $SIMO | Silicon Motion Technology CORP | Technology | $3.5M | 0.0% | 11K | -20% | |||
| 150 | $AON | Aon plc | Financials | $3.5M | 0.0% | 11K | +369% |
What changed in Q2 2026
Against the previous quarter's 13F: 81 new, 87 added to, 101 trimmed, 63 sold out. Share-count changes; largest moves by dollar size first.
New positions (81)
$JNJJOHNSON & JOHNSON$124.7M
first bought this quarter
$AMATAPPLIED MATERIALS INC /DE$118.6M
first bought this quarter
$DALDELTA AIR LINES, INC.$66.9M
first bought this quarter
$HHyatt Hotels Corp$61.9M
first bought this quarter
$INTCINTEL CORP$44.2M
first bought this quarter
$SBUXSTARBUCKS CORP$25.5M
first bought this quarter
+75 more in the Excel export
Added to (87)
$MUMICRON TECHNOLOGY INC+465%
now $133.1M · held 3 qtrs, 3 adds in a row
$UNHUNITEDHEALTH GROUP INC+2448%
now $105.3M · held 6+ qtrs
$PMPhilip Morris International Inc.+1169%
now $102.5M · held 6+ qtrs
now $380.3M · held 5 qtrs
now $167.1M · held 2 qtrs, 2 adds in a row
$CATCATERPILLAR INC+86%
now $121.5M · held 2 qtrs, 2 adds in a row
+81 more in the Excel export
Trimmed (101)
$IAUISHARES GOLD TRUST-80%
now $50.1M · held 3 qtrs
$NFLXNETFLIX INC-97%
now $2.2M
$DHRDANAHER CORP /DE/-91%
now $6.7M · held 6+ qtrs, 2 trims in a row
now $654.7M · held 6+ qtrs, 4 trims in a row
$WSOWATSCO INC-95%
now $2.4M
now $170.9M · held 6+ qtrs, 5 trims in a row
+95 more in the Excel export
Holdings by quarter
Every 13F Employees Retirement System of Texas has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow Employees Retirement System of Texas?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 27, 2026.
Average quality of Employees Retirement System of Texas's top 20 holdings: 77/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
+1.0%
Value-weighted move of the 10 largest stock positions
Turnover
10%
Last quarter; 40% over the last 4
Top 10 weight
40%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
85%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Employees Retirement System of Texas disclosed 511 positions worth $12.6B in its Form 13F-HR for Q2 2026, followed by $NVDA and $AAPL. During the quarter the fund opened 81 new positions and exited 63 — including a new stake in $JNJ. The portfolio is most concentrated in Technology (36.4% of disclosed assets). All figures are sourced directly from Employees Retirement System of Texas’s Form 13F-HR filing with the SEC under CIK 1398739.
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AI-Powered Hedge Fund Analysis: Employees Retirement System of Texas
13F Pro is an AI hedge fund tracker and stock research platform. For Employees Retirement System of Texas (SEC CIK: 1398739), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Employees Retirement System of Texas's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.