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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
(-5.8%)
Cap. Flow
-$519M
Cap. Flow
% of AUM
-4.7%
Top 10 Holdings %
Top 10 Hldgs %
42.06%
Holding
345
New
35
Increased
70
Reduced
99
Closed
81
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$158M |
| 2 |
Microsoft
MSFT
|
+$106M |
| 3 |
Invesco S&P 500 Equal Weight ETF
RSP
|
+$102M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$97.3M |
| 5 |
Uber
UBER
|
+$69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$274M |
| 2 |
Salesforce
CRM
|
+$108M |
| 3 |
Honeywell
HON
|
+$85.5M |
| 4 |
Wells Fargo
WFC
|
+$85.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
301
GSK
GSK
$101B
| – | – |
-95,136
| Closed | -$3.22M |
|
302
Howard Hughes
HHH
$3.97B
| – | – |
-27,250
| Closed | -$2.1M |
|
|
303
Honeywell
HON
$72.7B
| – | – |
-401,665
| Closed | -$85.5M |
|
304
Robinhood
HOOD
$85.4B
| – | – |
-43,181
| Closed | -$1.61M |
|
305
Intuit
INTU
$90.8B
| – | – |
-110,000
| Closed | -$69.1M |
|
306
Invitation Homes
INVH
$17.7B
| – | – |
-230,000
| Closed | -$7.35M |
|
307
Intuitive Surgical
ISRG
$141B
| – | – |
-8,346
| Closed | -$4.36M |
|
308
Johnson & Johnson
JNJ
$622B
| – | – |
-20,638
| Closed | -$2.98M |
|
309
Kroger
KR
$34.1B
| – | – |
-146,250
| Closed | -$8.94M |
|
310
Liberty Global Class A
LBTYA
$3.48B
| – | – |
-228,334
| Closed | -$2.91M |
|
|
311
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.2B
| – | – |
-141,500
| Closed | -$80.6M |
|
312
Magna International
MGA
$18.8B
| – | – |
-82,470
| Closed | -$3.45M |
|
313
Monster Beverage
MNST
$88.9B
| – | – |
-1,395,400
| Closed | -$36.7M |
|
314
Merck
MRK
$324B
| – | – |
-745,324
| Closed | -$74.1M |
|
315
National Health Investors
NHI
$3.45B
| – | – |
-30,000
| Closed | -$2.08M |
|
316
Nike
NKE
$60.6B
| – | – |
-17,332
| Closed | -$1.31M |
|
317
Annaly Capital Management
NLY
$17.6B
| – | – |
-174,410
| Closed | -$3.19M |
|
318
NRG Energy
NRG
$25.6B
| – | – |
-47,600
| Closed | -$4.29M |
|
|
NVMI
319
Nova
NVMI
$13B
| – | – |
-288
| Closed | -$57K |
|
|
NVO
320
Novo Nordisk
NVO
$202B
| – | – |
-72,964
| Closed | -$6.28M |
|
321
Realty Income
O
$58.7B
| – | – |
-488,183
| Closed | -$26.1M |
|
322
Organon & Co
OGN
$3.58B
| – | – |
-91,480
| Closed | -$1.36M |
|
323
ON Semiconductor
ON
$32.8B
| – | – |
-53,790
| Closed | -$3.39M |
|
324
Pfizer
PFE
$151B
| – | – |
-71,662
| Closed | -$1.9M |
|
325
RELX
RELX
$60.2B
| – | – |
-72,828
| Closed | -$3.31M |
|
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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.