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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
+498.15%
AUM
$11.4B
AUM Growth
-$848M
(-6.9%)
Cap. Flow
-$490M
Cap. Flow
% of AUM
-4.29%
Top 10 Holdings %
Top 10 Hldgs %
42.31%
Holding
586
New
90
Increased
73
Reduced
118
Closed
93
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Gold Trust
IAU
|
+$280M |
| 2 |
Vanguard FTSE Europe ETF
VGK
|
+$172M |
| 3 |
Visa
V
|
+$137M |
| 4 |
AbbVie
ABBV
|
+$101M |
| 5 |
Carnival Corporation Ltd
CCL
|
+$67.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$253M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$88.8M |
| 3 |
UnitedHealth
UNH
|
+$86.3M |
| 4 |
Mercado Libre
MELI
|
+$80.9M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
426
Terex
TEX
$7.74B
| $63K | ﹤0.01% |
+1,067
| New | +$66.1K |
|
427
Bentley Systems
BSY
$10.7B
| $62K | ﹤0.01% |
+1,756
| New | +$64.5K |
|
428
EPAM Systems
EPAM
$5.09B
| $62K | ﹤0.01% |
458
| – | – |
|
429
AXIS Capital
AXS
$7.55B
| $61K | ﹤0.01% |
598
-27,819
| -98% | -$2.86M |
|
430
Conagra Brands
CAG
$7.23B
| $60K | ﹤0.01% |
3,795
| – | – |
|
431
Albertsons Companies
ACI
$5.83B
| $59K | ﹤0.01% |
+3,442
| New | +$59.8K |
|
432
Armstrong World Industries
AWI
$7.84B
| $59K | ﹤0.01% |
358
| – | – |
|
433
Descartes Systems
DSGX
$6.82B
| $59K | ﹤0.01% |
819
-251
| -23% | -$18.5K |
|
434
Murphy Oil
MUR
$4.78B
| $59K | ﹤0.01% |
+1,435
| New | +$48.6K |
|
435
Baytex Energy
BTE
$2.92B
| $58K | ﹤0.01% |
+12,923
| New | +$47.7K |
|
436
First American
FAF
$7.58B
| $58K | ﹤0.01% |
+958
| New | +$61.3K |
|
|
VSNT
437
Versant Media Group
VSNT
$5.47B
| $58K | ﹤0.01% |
+1,567
| New | +$52.8K |
|
438
NewMarket
NEU
$8.18B
| $55K | ﹤0.01% |
+86
| New | +$55.8K |
|
439
Commerce Bancshares
CBSH
$8.5B
| $54K | ﹤0.01% |
1,103
| – | – |
|
440
Chemed
CHE
$7.22B
| $54K | ﹤0.01% |
142
| – | – |
|
441
DaVita
DVA
$11.7B
| $53K | ﹤0.01% |
347
| – | – |
|
442
Match Group
MTCH
$8.55B
| $53K | ﹤0.01% |
1,729
| – | – |
|
443
RLI Corp
RLI
$5.89B
| $53K | ﹤0.01% |
+924
| New | +$55.5K |
|
444
OneMain Financial
OMF
$7.47B
| $52K | ﹤0.01% |
974
| – | – |
|
445
MarketAxess Holdings
MKTX
$5.72B
| $51K | ﹤0.01% |
311
| – | – |
|
446
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $51K | ﹤0.01% |
+594
| New | +$55.3K |
|
447
Boyd Gaming
BYD
$6.06B
| $50K | ﹤0.01% |
610
| – | – |
|
448
CNX Resources
CNX
$5.2B
| $50K | ﹤0.01% |
+1,290
| New | +$50.3K |
|
449
Travel + Leisure Co
TNL
$4.7B
| $50K | ﹤0.01% |
+723
| New | +$52.2K |
|
450
Churchill Downs
CHDN
$6.12B
| $49K | ﹤0.01% |
547
| – | – |
|
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MIFH
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DCP
GIM
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.