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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
+3.04%
1 Year Est. Return
+21.6%
3 Year Est. Return
+92.23%
5 Year Est. Return
+130.52%
10 Year Est. Return
+498.15%
AUM
$12.3B
AUM Growth
-$233M
Cap. Flow
-$273M
Cap. Flow %
-2.22%
Top 10 Hldgs %
43.58%
Holding
568
New
61
Increased
87
Reduced
127
Closed
72

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$251M
2
AMD icon
Advanced Micro Devices
AMD
+$87.8M
3
MSFT icon
Microsoft
MSFT
+$72.2M
4
SPOT icon
Spotify
SPOT
+$60.5M
5
AME icon
Ametek
AME
+$51M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$300M
2
MNDY icon
monday.com
MNDY
+$74M
3
KKR icon
KKR & Co
KKR
+$70.2M
4
CL icon
Colgate-Palmolive
CL
+$68.2M
5
NFLX icon
Netflix
NFLX
+$63.2M

Sector Composition

Rank Sector Weight
1 Technology 26.65%
2 Financials 10.48%
3 Consumer Discretionary 8.96%
4 Healthcare 8.63%
5 Communication Services 8.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSGX icon
401
Descartes Systems
DSGX
$6.65B
$94K ﹤0.01%
1,070
– –
EPAM icon
402
EPAM Systems
EPAM
$5.17B
$94K ﹤0.01%
458
– –
TXRH icon
403
Texas Roadhouse
TXRH
$14.1B
$91K ﹤0.01%
547
– –
ORI icon
404
Old Republic International
ORI
$10.3B
$90K ﹤0.01%
1,979
– –
EXEL icon
405
Exelixis
EXEL
$12.5B
$88K ﹤0.01%
2,007
– –
PAYC icon
406
Paycom
PAYC
$9.52B
$88K ﹤0.01%
554
+317
+134% +$56.2K
TAP icon
407
Molson Coors Class B
TAP
$7.75B
$88K ﹤0.01%
+1,886
New +$87K
DY icon
408
Dycom Industries
DY
$12.3B
$87K ﹤0.01%
258
– –
MANH icon
409
Manhattan Associates
MANH
$11.2B
$87K ﹤0.01%
502
– –
DCI icon
410
Donaldson
DCI
$11.2B
$86K ﹤0.01%
974
– –
EAT icon
411
Brinker International
EAT
$10.5B
$86K ﹤0.01%
600
-2,249
-79% -$295K
SOLV icon
412
Solventum
SOLV
$14.5B
$84K ﹤0.01%
1,062
– –
CUBE icon
413
CubeSmart
CUBE
$9.28B
$83K ﹤0.01%
2,301
– –
BEPC icon
414
Brookfield Renewable
BEPC
$6.5B
$82K ﹤0.01%
2,126
-57,823
-96% -$2.33M
CRL icon
415
Charles River Laboratories
CRL
$13.6B
$82K ﹤0.01%
413
– –
ZS icon
416
Zscaler
ZS
$28.7B
$81K ﹤0.01%
+358
New +$101K
ARWR icon
417
Arrowhead Research
ARWR
$12.3B
$80K ﹤0.01%
+1,202
New +$58.9K
EGO icon
418
Eldorado Gold
EGO
$10.4B
$79K ﹤0.01%
2,201
-1,869
-46% -$55.9K
MIDD icon
419
Middleby
MIDD
$5.38B
$76K ﹤0.01%
+514
New +$67.5K
LECO icon
420
Lincoln Electric
LECO
$15.6B
$74K ﹤0.01%
310
– –
SEIC icon
421
SEI Investments
SEIC
$12.7B
$74K ﹤0.01%
906
– –
CCU icon
422
Compañía de Cervecerías Unidas
CCU
$2.15B
$73K ﹤0.01%
5,694
– –
HALO icon
423
Halozyme
HALO
$11.6B
$73K ﹤0.01%
1,088
– –
LUMN icon
424
Lumen
LUMN
$6.49B
$72K ﹤0.01%
9,292
– –
AG icon
425
First Majestic Silver
AG
$9.44B
$71K ﹤0.01%
+4,252
New +$59.1K
15 16
17
18 19

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
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
BCI
Brinker Capital Investments Berwyn, Pennsylvania $11.7B AUM 21.33% 1-Year Est. Return
PI
PineBridge Investments New York $11.9B AUM 23.42% 1-Year Est. Return
UE
Unisphere Establishment Vaduz, Liechtenstein $11.9B AUM 6.1% 1-Year Est. Return

Employees Retirement System of Texas's Q4 2025 Portfolio in Review

As of Q4 2025, Employees Retirement System of Texas held 568 positions worth $12.3B, down 1.9% from $12.5B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Employees Retirement System of Texas's Q4 2025 filing shows 61 new, 87 increased, 127 reduced and 72 closed positions. Its largest new stake was Vanguard S&P 500 ETF: 403,400 shares worth $253M. The largest sale was Vanguard FTSE Developed Markets ETF, an estimated $300M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Financials and Consumer Discretionary.

  • Employees Retirement System of Texas's largest Q4 2025 buy was Vanguard S&P 500 ETF: 403,400 shares worth $253M.
  • Employees Retirement System of Texas added most to Microsoft in Q4 2025, an estimated $72.2M increase.
  • Employees Retirement System of Texas's biggest Q4 2025 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $300M.
  • Employees Retirement System of Texas fully exited monday.com in Q4 2025, selling an estimated $74M.
  • Employees Retirement System of Texas's ten largest holdings make up 44% of its $12.3B portfolio in Q4 2025.
  • Employees Retirement System of Texas opened 61 new positions and closed 72 in Q4 2025.
  • Employees Retirement System of Texas's portfolio value fell 1.9% quarter-over-quarter to $12.3B.

Based on Employees Retirement System of Texas's 13F filing for Q4 2025, filed 9 Feb 2026.