Employees Retirement System of Texas
AUSTIN, TX
$10.8bn in 507 US stocks at the end of 30 June 2026. The top 10 are 34.1% of the money. It changed about 17.0% of the portfolio this quarter.
Value
$10.8bn
Stocks
507
Top 10 share
34.1%
Turnover
17.0%
What changed this quarter
New
Bought for the first time this quarter.
- Johnson & JohnsonJNJ1.2% of the fund
- Applied MaterialsAMAT1.1% of the fund
- Delta Air LinesDAL0.6% of the fund
- CarnivalCCL0.6% of the fund
- Hyatt HotelsH0.6% of the fund
- IntelINTC0.4% of the fund
- StarbucksSBUX0.2% of the fund
- Space Exploration TechnologiesSPCX0.1% of the fund
- ShellSHEL<0.1% of the fund
- XylemXYL<0.1% of the fund
- Cardinal HealthCAH<0.1% of the fund
- American International GroupAIG<0.1% of the fund
- Northrop GrummanNOC<0.1% of the fund
- Wells Fargo & CompanyWFC<0.1% of the fund
- GerdauGGB<0.1% of the fund
- Eversource EnergyES<0.1% of the fund
- Vici PropertiesVICI<0.1% of the fund
- Northern TrustNTRS<0.1% of the fund
- Selective Insurance GroupSIGI<0.1% of the fund
- S&P GlobalSPGI<0.1% of the fund
- Federal Realty Investment TrustFRT<0.1% of the fund
- RollinsROL<0.1% of the fund
- AstrazenecaAZN<0.1% of the fund
- Xcel EnergyXEL<0.1% of the fund
- Phillips 66PSX<0.1% of the fund
Added
Bought more of a stock they already held.
- AppleAAPL5.7% of the fund+4%
- AlphabetGOOG3.5% of the fund+22%
- Meta PlatformsMETA1.8% of the fund+11%
- AlphabetGOOGL1.7% of the fund+2%
- Western DigitalWDC1.6% of the fund+68%
- MastercardMA1.5% of the fund+19%
- Bank of AmericaBAC1.3% of the fund+6%
- Micron TechnologyMU1.2% of the fund+465%
- Freeport-McMoRanFCX1.1% of the fund+5%
- CaterpillarCAT1.1% of the fund+86%
- Morgan StanleyMS1.0% of the fund+11%
- UnitedHealth GroupUNH1.0% of the fund+2448%
- Philip Morris InternationalPM1.0% of the fund+1169%
- AmetekAME0.9% of the fund+11%
- FastenalFAST0.8% of the fund+16%
- Intuitive SurgicalISRG0.7% of the fund+16%
- American ExpressAXP0.6% of the fund+12%
- SLB LimitedSLB0.6% of the fund+11%
- LindeLIN0.2% of the fund+62%
- ChubbCB0.2% of the fund+1222%
- Edwards LifesciencesEW0.2% of the fund+88%
- ProgressivePGR0.1% of the fund+296%
- Becton DickinsonBDX0.1% of the fund+3437%
- ComcastCMCSA<0.1% of the fund+1012%
- Cisco SystemsCSCO<0.1% of the fund+66%
Cut
Sold some of their stake.
- NvidiaNVDA6.1% of the fund-8%
- MicrosoftMSFT4.5% of the fund-6%
- BroadcomAVGO2.8% of the fund-7%
- Eli LillyLLY1.6% of the fund-18%
- TeslaTSLA1.3% of the fund-2%
- Home DepotHD1.0% of the fund-17%
- WalmartWMT1.0% of the fund-14%
- Cadence Design SystemsCDNS0.9% of the fund-17%
- NewmontNEM0.9% of the fund-8%
- Costco WholesaleCOST0.9% of the fund-14%
- Parker-HannifinPH0.9% of the fund-25%
- Coca-ColaKO0.8% of the fund-17%
- TJX CompaniesTJX0.7% of the fund-3%
- EquinixEQIX0.7% of the fund-6%
- Trane TechnologiesTT0.7% of the fund-3%
- Motorola SolutionsMSI0.7% of the fund-23%
- Vertiv HoldingsVRT0.6% of the fund-4%
- VentasVTR0.5% of the fund-20%
- Old Dominion Freight LineODFL0.5% of the fund-27%
- Energy Transfer L PET0.5% of the fund-11%
- Ishares Gold TRIAU0.5% of the fund-80%
- Waste ManagementWM0.4% of the fund-16%
- ASML Holding NVASML0.3% of the fund-5%
- SandiskSNDK0.2% of the fund-48%
- FortinetFTNT0.1% of the fund-22%
Sold out
Sold their entire stake.
- Carnival-100%
- Vaneck ETF TrustPPH-100%
- Spotify TechnologySPOT-100%
- Spdr Series TrustXRT-100%
- Select Sector Spdr TRXLI-100%
- ChevronCVX-100%
- Wheaton Precious MetalsWPM-100%
- Rio TintoRIO-100%
- Permian ResourcesPR-100%
- CorningGLW-100%
- Southern CopperSCCO-100%
- eBayEBAY-100%
- UbiquitiUI-100%
- Kimbell RTY Partners LPKRP-100%
- ConocoPhillipsCOP-100%
- Mondelez InternationalMDLZ-100%
- DoximityDOCS-100%
- Southwest AirlinesLUV-100%
- Crown HoldingsCCK-100%
- Devon EnergyDVN-100%
- C. H. Robinson WorldwideCHRW-100%
- Royal GoldRGLD-100%
- PAN American SilverPAAS-100%
- HubbellHUBB-100%
- Chemical & Mining CO of ChileSQM-100%
Holdings
- Vanguard Intl Equity Index FVGK
- Share
- 1.6%
- Value
- $177m
- Shares
- 1,997,090
Held
- Vanguard Tax-Managed FDSVEA
- Share
- 1.2%
- Value
- $128m
- Shares
- 1,798,331
Held
- Spdr Series TrustXBI
- Share
- 1.0%
- Value
- $107m
- Shares
- 676,872
Held
- Energy Transfer L PET
- Share
- 0.5%
- Value
- $57m
- Shares
- 2,966,911
-11%
- IsharesEWJ
- Share
- 0.5%
- Value
- $55m
- Shares
- 592,400
Held
- Ishares Gold TRIAU
- Share
- 0.5%
- Value
- $50m
- Shares
- 663,500
-80%
- IsharesEMXC
- Share
- 0.1%
- Value
- $14m
- Shares
- 137,000
Held
- Space Exploration TechnologiesSPCX
- Share
- 0.1%
- Value
- $14m
- Shares
- 81,648
New
- NokiaNOK
- Share
- 0.1%
- Value
- $11m
- Shares
- 828,742
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 6.1% | $655m | 3,271,822 | -8% |
| AppleAAPL | 5.7% | $613m | 2,116,984 | +4% |
| MicrosoftMSFT | 4.5% | $481m | 1,290,234 | -6% |
| Amazon.comAMZN | 4.1% | $440m | 1,847,315 | Held |
| AlphabetGOOG | 3.5% | $380m | 1,076,258 | +22% |
| BroadcomAVGO | 2.8% | $298m | 790,055 | -7% |
| Advanced Micro DevicesAMD | 2.0% | $212m | 365,075 | Held |
| Palo Alto NetworksPANW | 2.0% | $211m | 617,726 | Held |
| Meta PlatformsMETA | 1.8% | $198m | 352,086 | +11% |
| AlphabetGOOGL | 1.7% | $178m | 498,268 | +2% |
| Vanguard Intl Equity Index FVGK | 1.6% | $177m | 1,997,090 | Held |
| Eli LillyLLY | 1.6% | $171m | 142,500 | -18% |
| Western DigitalWDC | 1.6% | $167m | 261,689 | +68% |
| JPMorgan ChaseJPM | 1.5% | $165m | 504,900 | Held |
| MastercardMA | 1.5% | $160m | 310,608 | +19% |
| ExxonMobil HoldingsXOM | 1.5% | $158m | 1,154,357 | Held |
| VisaV | 1.4% | $151m | 440,354 | Held |
| TeslaTSLA | 1.3% | $144m | 343,313 | -2% |
| Bank of AmericaBAC | 1.3% | $139m | 2,445,089 | +6% |
| Micron TechnologyMU | 1.2% | $133m | 115,273 | +465% |
| Vanguard Tax-Managed FDSVEA | 1.2% | $128m | 1,798,331 | Held |
| Johnson & JohnsonJNJ | 1.2% | $125m | 490,900 | New |
| Freeport-McMoRanFCX | 1.1% | $122m | 1,935,702 | +5% |
| CaterpillarCAT | 1.1% | $122m | 114,114 | +86% |
| Applied MaterialsAMAT | 1.1% | $119m | 164,101 | New |
| AbbVieABBV | 1.0% | $113m | 448,200 | Held |
| Spdr Series TrustXBI | 1.0% | $107m | 676,872 | Held |
| Morgan StanleyMS | 1.0% | $106m | 508,300 | +11% |
| Arista NetworksANET | 1.0% | $106m | 624,891 | Held |
| UnitedHealth GroupUNH | 1.0% | $105m | 253,319 | +2448% |
| Home DepotHD | 1.0% | $105m | 296,775 | -17% |
| WalmartWMT | 1.0% | $103m | 912,700 | -14% |
| Philip Morris InternationalPM | 1.0% | $102m | 566,479 | +1169% |
| Cadence Design SystemsCDNS | 0.9% | $98m | 261,857 | -17% |
| Charles SchwabSCHW | 0.9% | $98m | 1,059,367 | Held |
| NewmontNEM | 0.9% | $96m | 1,028,934 | -8% |
| Costco WholesaleCOST | 0.9% | $94m | 100,933 | -14% |
| Parker-HannifinPH | 0.9% | $93m | 94,986 | -25% |
| AmetekAME | 0.9% | $92m | 379,304 | +11% |
| FastenalFAST | 0.8% | $90m | 1,880,754 | +16% |
| Fifth Third BancorpFITB | 0.8% | $90m | 1,600,100 | Held |
| Coca-ColaKO | 0.8% | $88m | 1,081,300 | -17% |
| Ally FinancialALLY | 0.8% | $84m | 1,824,746 | Held |
| Thermo Fisher ScientificTMO | 0.8% | $81m | 161,033 | Held |
| Intuitive SurgicalISRG | 0.7% | $80m | 202,332 | +16% |
| NXP SemiconductorsNXPI | 0.7% | $80m | 283,762 | Held |
| EntergyETR | 0.7% | $76m | 659,975 | Held |
| EatonETN | 0.7% | $73m | 172,333 | Held |
| TJX CompaniesTJX | 0.7% | $73m | 481,988 | -3% |
| EquinixEQIX | 0.7% | $73m | 70,050 | -6% |
| Trane TechnologiesTT | 0.7% | $73m | 148,289 | -3% |
| WEC Energy GroupWEC | 0.7% | $72m | 615,533 | Held |
| Motorola SolutionsMSI | 0.7% | $70m | 168,624 | -23% |
| American ExpressAXP | 0.6% | $70m | 206,108 | +12% |
| Delta Air LinesDAL | 0.6% | $67m | 714,148 | New |
| CarnivalCCL | 0.6% | $65m | 2,261,500 | New |
| Monster BeverageMNST | 0.6% | $64m | 667,849 | Held |
| Vertiv HoldingsVRT | 0.6% | $64m | 190,982 | -4% |
| SLB LimitedSLB | 0.6% | $63m | 1,360,570 | +11% |
| Hyatt HotelsH | 0.6% | $62m | 319,400 | New |
| Hartford Insurance GroupHIG | 0.6% | $61m | 462,707 | Held |
| StrykerSYK | 0.6% | $61m | 193,102 | Held |
| MedtronicMDT | 0.6% | $61m | 776,505 | Held |
| T-Mobile USTMUS | 0.6% | $60m | 358,712 | Held |
| VentasVTR | 0.5% | $59m | 663,205 | -20% |
| PrologisPLD | 0.5% | $58m | 431,267 | Held |
| Old Dominion Freight LineODFL | 0.5% | $58m | 265,931 | -27% |
| ServiceNowNOW | 0.5% | $58m | 579,631 | Held |
| Energy Transfer L PET | 0.5% | $57m | 2,966,911 | -11% |
| Intercontinental ExchangeICE | 0.5% | $56m | 451,303 | Held |
| IsharesEWJ | 0.5% | $55m | 592,400 | Held |
| TransDigm GroupTDG | 0.5% | $51m | 37,987 | Held |
| Ishares Gold TRIAU | 0.5% | $50m | 663,500 | -80% |
| Waste ManagementWM | 0.4% | $48m | 213,839 | -16% |
| Cheniere EnergyLNG | 0.4% | $47m | 196,240 | Held |
| IntelINTC | 0.4% | $44m | 316,752 | New |
| Public StoragePSA | 0.4% | $43m | 136,358 | Held |
| AmphenolAPH | 0.4% | $39m | 223,954 | Held |
| NisourceNI | 0.4% | $39m | 819,029 | Held |
| BoeingBA | 0.4% | $38m | 176,701 | Held |
| DexcomDXCM | 0.3% | $36m | 538,893 | Held |
| Lam ResearchLRCX | 0.3% | $33m | 75,560 | Held |
| ASML Holding NVASML | 0.3% | $27m | 13,761 | -5% |
| StarbucksSBUX | 0.2% | $26m | 250,000 | New |
| SandiskSNDK | 0.2% | $24m | 10,494 | -48% |
| LindeLIN | 0.2% | $20m | 39,001 | +62% |
| ChubbCB | 0.2% | $18m | 54,013 | +1222% |
| AdobeADBE | 0.2% | $18m | 89,675 | Held |
| Edwards LifesciencesEW | 0.2% | $18m | 199,455 | +88% |
| Taiwan Semiconductor ManufacturingTSM | 0.2% | $17m | 35,250 | Held |
| FortinetFTNT | 0.1% | $15m | 96,877 | -22% |
| ProgressivePGR | 0.1% | $15m | 66,864 | +296% |
| IsharesEMXC | 0.1% | $14m | 137,000 | Held |
| Space Exploration TechnologiesSPCX | 0.1% | $14m | 81,648 | New |
| Walt DisneyDIS | 0.1% | $14m | 141,674 | -6% |
| Becton DickinsonBDX | 0.1% | $12m | 77,752 | +3437% |
| NokiaNOK | 0.1% | $11m | 828,742 | Held |
| LAS Vegas SandsLVS | 0.1% | $11m | 238,097 | Held |
| ComcastCMCSA | <0.1% | $11m | 435,880 | +1012% |
| Booking HoldingsBKNG | <0.1% | $10m | 56,525 | Held |
Showing the largest 100 of 507.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 3.5% since 30 June 2025.
Where the money is
Technology33.7%
Financial services12.0%
Retail & consumer9.2%
Health care9.0%
Industrials8.9%
Media & telecom7.9%
Everyday goods4.4%
Energy2.7%
Materials2.4%
Real estate2.4%
Utilities1.8%
Other5.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.