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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
+6.96%
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
$12.5B
AUM Growth
+$223M
(+1.8%)
Cap. Flow
-$402M
Cap. Flow
% of AUM
-3.21%
Top 10 Holdings %
Top 10 Hldgs %
44.43%
Holding
604
New
81
Increased
124
Reduced
123
Closed
97
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$95.6M |
| 2 |
Medtronic
MDT
|
+$75.2M |
| 3 |
HubSpot
HUBS
|
+$70.8M |
| 4 |
GE HealthCare
GEHC
|
+$51.8M |
| 5 |
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
|
+$44.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$85.9M |
| 2 |
Procter & Gamble
PG
|
+$83.3M |
| 3 |
Prologis
PLD
|
+$69.9M |
| 4 |
Micron Technology
MU
|
+$62.1M |
| 5 |
SBA Communications
SBAC
|
+$53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.14% |
| 2 | Financials | 10.94% |
| 3 | Consumer Discretionary | 8.94% |
| 4 | Communication Services | 8.6% |
| 5 | Healthcare | 7.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Dropbox
DBX
$7.31B
| $56K | ﹤0.01% |
1,839
| – | – |
|
|
SNV
452
DELISTED
Synovus
SNV
| $56K | ﹤0.01% |
+1,136
| New | +$58.2K |
|
453
TTM Technologies
TTMI
$14.5B
| $56K | ﹤0.01% |
+966
| New | +$44.9K |
|
454
ACI Worldwide
ACIW
$5.33B
| $55K | ﹤0.01% |
+1,041
| New | +$49.2K |
|
455
Eastman Chemical
EMN
$8.29B
| $55K | ﹤0.01% |
+866
| New | +$60.4K |
|
456
OneMain Financial
OMF
$7.44B
| $55K | ﹤0.01% |
974
| – | – |
|
457
Reinsurance Group of America
RGA
$16.1B
| $55K | ﹤0.01% |
286
| – | – |
|
458
Belden
BDC
$5.39B
| $54K | ﹤0.01% |
449
| – | – |
|
459
MarketAxess Holdings
MKTX
$5.72B
| $54K | ﹤0.01% |
311
| – | – |
|
460
Acuity Brands
AYI
$10.8B
| $53K | ﹤0.01% |
+153
| New | +$48.8K |
|
461
Boyd Gaming
BYD
$6.03B
| $53K | ﹤0.01% |
+610
| New | +$51.2K |
|
462
Churchill Downs
CHDN
$6.17B
| $53K | ﹤0.01% |
547
| – | – |
|
463
Millicom
TIGO
$16.2B
| $53K | ﹤0.01% |
1,097
-44,420
| -98% | -$1.95M |
|
464
H&R Block
HRB
$6.87B
| $51K | ﹤0.01% |
1,000
| – | – |
|
465
Bank OZK
OZK
$5.69B
| $51K | ﹤0.01% |
+1,008
| New | +$51.5K |
|
466
Wyndham Hotels & Resorts
WH
$5.49B
| $51K | ﹤0.01% |
637
| – | – |
|
467
Campbell Soup
CPB
$6.74B
| $50K | ﹤0.01% |
+1,596
| New | +$51.6K |
|
468
Paycom
PAYC
$9.52B
| $49K | ﹤0.01% |
237
| – | – |
|
469
VICI Properties
VICI
$28.7B
| $49K | ﹤0.01% |
1,492
-450,085
| -100% | -$14.8M |
|
|
RAL
470
Ralliant Corp
RAL
$8.03B
| $49K | ﹤0.01% |
+1,113
| New | +$49.5K |
|
471
AutoNation
AN
$6.9B
| $48K | ﹤0.01% |
+221
| New | +$46.6K |
|
472
ASML
ASML
$695B
| $48K | ﹤0.01% |
+50
| New | +$39.3K |
|
|
CVSA
473
Covista Inc
CVSA
$4.36B
| $48K | ﹤0.01% |
+311
| New | +$39.8K |
|
474
Grand Canyon Education
LOPE
$3.7B
| $48K | ﹤0.01% |
+219
| New | +$42.1K |
|
475
Bright Horizons
BFAM
$3.76B
| $47K | ﹤0.01% |
429
| – | – |
|
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BHCM
DCP
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Employees Retirement System of Texas's Q3 2025 Portfolio in Review
As of Q3 2025, Employees Retirement System of Texas held 604 positions worth $12.5B, up 1.8% from $12.3B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Employees Retirement System of Texas withdrew a net $402M in Q3 2025, closing 97 positions and reducing 123 holdings. Its most notable exit was Micron Technology, an estimated $62.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Employees Retirement System of Texas opened a new position in State Street Industrial Select Sector SPDR ETF worth $97.3M.
- Employees Retirement System of Texas's largest Q3 2025 buy was State Street Industrial Select Sector SPDR ETF: 631,000 shares worth $97.3M.
- Employees Retirement System of Texas added most to Medtronic in Q3 2025, an estimated $75.2M increase.
- Employees Retirement System of Texas's biggest Q3 2025 reduction was Booking.com, cutting an estimated $85.9M.
- Employees Retirement System of Texas fully exited Micron Technology in Q3 2025, selling an estimated $62.1M.
- Employees Retirement System of Texas's ten largest holdings make up 44% of its $12.5B portfolio in Q3 2025.
- Employees Retirement System of Texas opened 81 new positions and closed 97 in Q3 2025.
- Employees Retirement System of Texas's portfolio value rose 1.8% quarter-over-quarter to $12.5B.
Based on Employees Retirement System of Texas's 13F filing for Q3 2025, filed 13 Nov 2025.