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ERSOT

Employees Retirement System of Texas Portfolio holdings

AUM $11.4B
1-Year Est. Return 21.6%
This Fund
S&P 500
This Quarter Est. Return
-1.64%
1 Year Est. Return
+21.6%
3 Year Est. Return
+92.23%
5 Year Est. Return
+130.52%
10 Year Est. Return
+498.16%
AUM
$11.4B
AUM Growth
-$848M
Cap. Flow
-$490M
Cap. Flow %
-4.29%
Top 10 Hldgs %
42.31%
Holding
586
New
90
Increased
73
Reduced
118
Closed
93

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$280M
2
VGK icon
Vanguard FTSE Europe ETF
VGK
+$172M
3
V icon
Visa
V
+$137M
4
ABBV icon
AbbVie
ABBV
+$101M
5
CCL icon
Carnival Corporation Ltd
CCL
+$67.1M

Top Sells

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$253M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$88.8M
3
UNH icon
UnitedHealth
UNH
+$86.3M
4
MELI icon
Mercado Libre
MELI
+$80.9M
5
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$74.3M

Sector Composition

Rank Sector Weight
1 Technology 24.25%
2 Financials 9.81%
3 Consumer Discretionary 7.43%
4 Communication Services 7.32%
5 Healthcare 6.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VGIT icon
1
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.8B
– –
0
– –
NVDA icon
2
NVIDIA
NVDA
$4.77T
$617M 5.39%
3,537,789
-125,179
-3% -$23M
AAPL icon
3
Apple
AAPL
$4.99T
$519M 4.54%
2,044,472
-223,719
-10% -$58.2M
MSFT icon
4
Microsoft
MSFT
$2.92T
$509M 4.45%
1,375,556
-52,054
-4% -$21.8M
HYLB icon
5
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.51B
– –
0
– –
AMZN icon
6
Amazon
AMZN
$2.48T
$386M 3.37%
1,852,307
-83,502
-4% -$18.4M
IAU icon
7
iShares Gold Trust
IAU
$62.5B
$290M 2.54%
3,293,500
+3,049,000
+1,247% +$280M
AVGO icon
8
Broadcom
AVGO
$1.81T
$262M 2.29%
846,858
+2,478
+0.3% +$815K
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4.07T
$252M 2.21%
879,180
-282,731
-24% -$88.8M
XOM icon
10
ExxonMobil
XOM
$634B
$199M 1.74%
1,173,657
-72,089
-6% -$10.5M
META icon
11
Meta Platforms (Facebook)
META
$1.51T
$182M 1.59%
318,392
-70,980
-18% -$45.5M
VGK icon
12
Vanguard FTSE Europe ETF
VGK
$30.2B
$165M 1.44%
+1,997,090
New +$172M
LLY icon
13
Eli Lilly
LLY
$1.09T
$159M 1.39%
172,900
-9,200
-5% -$9.33M
JPM icon
14
JPMorgan Chase
JPM
$950B
$151M 1.32%
513,400
-27,600
-5% -$8.38M
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$4.08T
$140M 1.22%
486,408
-13,572
-3% -$4.26M
V icon
16
Visa
V
$697B
$134M 1.17%
441,840
+426,340
+2,751% +$137M
WMT icon
17
Walmart Inc
WMT
$900B
$133M 1.16%
1,066,400
-57,300
-5% -$7.03M
TSLA icon
18
Tesla
TSLA
$1.21T
$131M 1.14%
351,756
-48,100
-12% -$19.8M
MA icon
19
Mastercard
MA
$497B
$130M 1.14%
260,521
-121,557
-32% -$64M
NEM icon
20
Newmont
NEM
$96.4B
$121M 1.06%
1,115,975
-264,496
-19% -$30.5M
HD icon
21
Home Depot
HD
$343B
$118M 1.03%
357,675
+81,800
+30% +$29.8M
COST icon
22
Costco
COST
$429B
$116M 1.02%
116,761
-10,154
-8% -$9.9M
VEA icon
23
Vanguard FTSE Developed Markets ETF
VEA
$225B
$115M 1.01%
1,798,331
– –
PH icon
24
Parker-Hannifin
PH
$125B
$113M 0.99%
126,436
-6,800
-5% -$6.44M
BAC icon
25
Bank of America
BAC
$439B
$112M 0.98%
2,303,387
-165,698
-7% -$8.55M
1
2 3 4 5

Similar funds

SoftBank Group
SoftBank Group Tokyo, Japan $11.4B AUM 27.91% 1-Year Est. Return
DWM
Dynasty Wealth Management St. Petersburg, Florida $11.5B AUM 15.23% 1-Year Est. Return
VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $11.4B AUM 16.77% 1-Year Est. Return
GKIM
GW&K Investment Management Boston, Massachusetts $11.3B AUM 31.98% 1-Year Est. Return
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 1-Year Est. Return
BHCM
Brevan Howard Capital Management St. Helier, Jersey $11.3B AUM 35.84% 1-Year Est. Return
DCP
D1 Capital Partners New York $11.2B AUM 15.78% 1-Year Est. Return
GIM
Generation Investment Management London, United Kingdom $11.2B AUM 0.58% 1-Year Est. Return

Employees Retirement System of Texas's Q1 2026 Portfolio in Review

As of Q1 2026, Employees Retirement System of Texas held 586 positions worth $11.4B, down 6.9% from $12.3B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Employees Retirement System of Texas withdrew a net $490M in Q1 2026, closing 93 positions and reducing 118 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $253M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 27% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Employees Retirement System of Texas opened a new position in Vanguard FTSE Europe ETF worth $165M.

  • Employees Retirement System of Texas's largest Q1 2026 buy was Vanguard FTSE Europe ETF: 1,997,090 shares worth $165M.
  • Employees Retirement System of Texas added most to iShares Gold Trust in Q1 2026, an estimated $280M increase.
  • Employees Retirement System of Texas's biggest Q1 2026 reduction was Alphabet (Google) Class C, cutting an estimated $88.8M.
  • Employees Retirement System of Texas fully exited Vanguard S&P 500 ETF in Q1 2026, selling an estimated $253M.
  • Employees Retirement System of Texas's ten largest holdings make up 42% of its $11.4B portfolio in Q1 2026.
  • Employees Retirement System of Texas opened 90 new positions and closed 93 in Q1 2026.
  • Employees Retirement System of Texas's portfolio value fell 6.9% quarter-over-quarter to $11.4B.

Based on Employees Retirement System of Texas's 13F filing for Q1 2026, filed 13 May 2026.