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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
-0.87%
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
$11B
AUM Growth
-$684M
Cap. Flow
-$519M
Cap. Flow %
-4.7%
Top 10 Hldgs %
42.06%
Holding
345
New
35
Increased
70
Reduced
99
Closed
81

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$158M
2
MSFT icon
Microsoft
MSFT
+$106M
3
RSP icon
Invesco S&P 500 Equal Weight ETF
RSP
+$102M
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$97.3M
5
UBER icon
Uber
UBER
+$69M

Top Sells

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$274M
2
CRM icon
Salesforce
CRM
+$108M
3
HON icon
Honeywell
HON
+$85.5M
4
WFC icon
Wells Fargo
WFC
+$85.5M
5
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$80.6M

Sector Composition

Rank Sector Weight
1 Technology 19.44%
2 Financials 9.84%
3 Consumer Discretionary 8.29%
4 Healthcare 7.29%
5 Real Estate 6.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GRVY
251
GRAVITY
GRVY
$486M
$170K ﹤0.01%
2,803
– –
WIX icon
252
WIX.com
WIX
$2.79B
$169K ﹤0.01%
1,036
– –
HIMX
253
Himax Technologies
HIMX
$2.61B
$162K ﹤0.01%
22,010
– –
OR icon
254
OR Royalties Inc
OR
$6.31B
$152K ﹤0.01%
7,215
– –
MMYT icon
255
MakeMyTrip
MMYT
$5.78B
$130K ﹤0.01%
1,325
-3,583
-73% -$370K
EQNR icon
256
Equinor
EQNR
$97.2B
$121K ﹤0.01%
4,587
– –
CCU icon
257
Compañía de Cervecerías Unidas
CCU
$2.22B
$87K ﹤0.01%
5,694
– –
TV icon
258
Televisa
TV
$1.48B
$87K ﹤0.01%
49,904
– –
ESLT icon
259
Elbit Systems
ESLT
$36.4B
$73K ﹤0.01%
+191
New +$61.8K
GRP.U
260
DELISTED
Granite Real Estate Investment Trust
GRP.U
$73K ﹤0.01%
1,549
– –
SANA icon
261
Sana Biotechnology
SANA
$1.13B
$49K ﹤0.01%
29,456
– –
DNA icon
262
Ginkgo Bioworks
DNA
$506M
$31K ﹤0.01%
5,432
– –
ABEV icon
263
Ambev
ABEV
$43.8B
– –
-1,082,050
Closed -$2M
ADM icon
264
Archer Daniels Midland
ADM
$38.8B
– –
-40,520
Closed -$2.05M
AER icon
265
AerCap
AER
$23.5B
– –
-65,018
Closed -$6.22M
AGI icon
266
Alamos Gold
AGI
$14B
– –
-5,595
Closed -$103K
ALNY icon
267
Alnylam Pharmaceuticals
ALNY
$29.6B
– –
-8,403
Closed -$1.98M
APP icon
268
Applovin
APP
$107B
– –
-68,760
Closed -$22.3M
AXON
269
Axon Enterprise
AXON
$51.7B
– –
-6,667
Closed -$3.96M
BAC icon
270
Bank of America
BAC
$448B
– –
-158,455
Closed -$6.96M
BDN
271
Brandywine Realty Trust
BDN
$534M
– –
-400,000
Closed -$2.24M
C icon
272
Citigroup
C
$228B
– –
-174,780
Closed -$12.3M
CAG icon
273
Conagra Brands
CAG
$7.14B
– –
-124,530
Closed -$3.46M
CCK icon
274
Crown Holdings
CCK
$13.1B
– –
-35,568
Closed -$2.94M
CE icon
275
Celanese
CE
$4.92B
– –
-53,980
Closed -$3.74M
9 10
11
12 13

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
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
VA
Vident Advisory Alpharetta, Georgia $11.7B AUM 37.32% 1-Year Est. Return

Employees Retirement System of Texas's Q1 2025 Portfolio in Review

As of Q1 2025, Employees Retirement System of Texas held 345 positions worth $11B, down 5.8% from $11.7B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Employees Retirement System of Texas withdrew a net $519M in Q1 2025, closing 81 positions and reducing 99 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $274M position sold in full.

By sector, the portfolio is most concentrated in Technology at 19% of assets, down from 22% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Employees Retirement System of Texas opened a new position in State Street SPDR S&P 500 ETF Trust worth $150M.

  • Employees Retirement System of Texas's largest Q1 2025 buy was State Street SPDR S&P 500 ETF Trust: 268,300 shares worth $150M.
  • Employees Retirement System of Texas added most to Microsoft in Q1 2025, an estimated $106M increase.
  • Employees Retirement System of Texas's biggest Q1 2025 reduction was Ameriprise Financial, cutting an estimated $56.6M.
  • Employees Retirement System of Texas fully exited Alphabet (Google) Class C in Q1 2025, selling an estimated $274M.
  • Employees Retirement System of Texas's ten largest holdings make up 42% of its $11B portfolio in Q1 2025.
  • Employees Retirement System of Texas opened 35 new positions and closed 81 in Q1 2025.
  • Employees Retirement System of Texas's portfolio value fell 5.8% quarter-over-quarter to $11B.

Based on Employees Retirement System of Texas's 13F filing for Q1 2025, filed 13 May 2025.