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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
NTAP icon
326
NetApp
NTAP
$39.1B
$227K ﹤0.01%
2,116
– –
LKQ icon
327
LKQ Corp
LKQ
$6.19B
$225K ﹤0.01%
7,457
– –
SBAC icon
328
SBA Communications
SBAC
$19.4B
$221K ﹤0.01%
1,141
+801
+236% +$155K
HUBB icon
329
Hubbell
HUBB
$27.2B
$219K ﹤0.01%
493
– –
ING icon
330
ING
ING
$102B
$216K ﹤0.01%
7,699
– –
GIS icon
331
General Mills
GIS
$20.1B
$209K ﹤0.01%
4,494
– –
IT icon
332
Gartner
IT
$11.4B
$207K ﹤0.01%
819
– –
HEI.A icon
333
HEICO Corp Class A
HEI.A
$37.3B
$206K ﹤0.01%
817
+198
+32% +$48.9K
ZM icon
334
Zoom
ZM
$30.5B
$203K ﹤0.01%
2,355
– –
BCSF icon
335
Bain Capital Specialty
BCSF
$821M
$196K ﹤0.01%
14,064
– –
AKAM icon
336
Akamai
AKAM
$17.7B
$195K ﹤0.01%
2,235
+1,500
+204% +$123K
GIB icon
337
CGI
GIB
$15.2B
$194K ﹤0.01%
2,107
+198
+10% +$17.7K
P
338
Everpure Inc
P
$36.5B
$192K ﹤0.01%
2,865
– –
PFG icon
339
Principal Financial Group
PFG
$24.1B
$188K ﹤0.01%
+2,126
New +$179K
HUBS icon
340
HubSpot
HUBS
$10.5B
$187K ﹤0.01%
465
-141,382
-100% -$58.6M
GDDY icon
341
GoDaddy
GDDY
$11.4B
$185K ﹤0.01%
1,493
– –
STZ icon
342
Constellation Brands
STZ
$22.7B
$184K ﹤0.01%
1,331
– –
RXRX icon
343
Recursion Pharmaceuticals
RXRX
$1.77B
$183K ﹤0.01%
44,679
– –
CNC icon
344
Centene
CNC
$32.9B
$169K ﹤0.01%
4,103
– –
WRB icon
345
W.R. Berkley
WRB
$26B
$168K ﹤0.01%
2,400
– –
PYPL icon
346
PayPal
PYPL
$50B
$165K ﹤0.01%
2,834
-5,825
-67% -$378K
AGI icon
347
Alamos Gold
AGI
$14.3B
$163K ﹤0.01%
4,216
– –
GRVY
348
GRAVITY
GRVY
$482M
$162K ﹤0.01%
2,803
– –
GPN icon
349
Global Payments
GPN
$22.4B
$160K ﹤0.01%
2,066
– –
GWRE icon
350
Guidewire Software
GWRE
$14.4B
$157K ﹤0.01%
781
– –
12 13
14
15 16

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 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.