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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
+11.4%
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
$6.86B
AUM Growth
-$8.25M
Cap. Flow
-$487M
Cap. Flow %
-7.1%
Top 10 Hldgs %
29.98%
Holding
380
New
48
Increased
82
Reduced
104
Closed
50

Top Buys

Rank Stock Value
1
STXE icon
Strive Emerging Markets ex-China ETF
STXE
+$97.3M
2
XOM icon
ExxonMobil
XOM
+$52M
3
JPM icon
JPMorgan Chase
JPM
+$44.1M
4
VOYA icon
Voya Financial
VOYA
+$42.3M
5
MDT icon
Medtronic
MDT
+$37.6M

Top Sells

Rank Stock Value
1
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$138M
2
BAC icon
Bank of America
BAC
+$56.8M
3
CVX icon
Chevron
CVX
+$54.5M
4
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$48.7M
5
LIN icon
Linde
LIN
+$41.4M

Sector Composition

Rank Sector Weight
1 Technology 20.51%
2 Healthcare 11.83%
3 Financials 10.95%
4 Real Estate 9.38%
5 Consumer Discretionary 8.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PANW icon
26
Palo Alto Networks
PANW
$313B
$59.9M 0.87%
600,000
– –
NOC icon
27
Northrop Grumman
NOC
$81.7B
$59.6M 0.87%
129,000
+58,677
+83% +$27.2M
ACN icon
28
Accenture
ACN
$110B
$59.4M 0.87%
207,765
+37,000
+22% +$10.1M
MRK icon
29
Merck
MRK
$322B
$58.5M 0.85%
549,424
– –
WFC icon
30
Wells Fargo
WFC
$265B
$57.7M 0.84%
1,542,340
+243,170
+19% +$10.6M
CDNS icon
31
Cadence Design Systems
CDNS
$90.2B
$57.1M 0.83%
272,000
– –
AXP icon
32
American Express
AXP
$230B
$56.9M 0.83%
345,000
+139,000
+67% +$23.1M
TMUS icon
33
T-Mobile US
TMUS
$192B
$56.5M 0.82%
390,057
-41,200
-10% -$5.97M
DHR icon
34
Danaher
DHR
$146B
$53.2M 0.78%
238,008
+69,936
+42% +$15.9M
EQIX icon
35
Equinix
EQIX
$102B
$52.6M 0.77%
73,000
+2,000
+3% +$1.41M
COST icon
36
Costco
COST
$419B
$50.8M 0.74%
102,149
– –
MS icon
37
Morgan Stanley
MS
$338B
$49.5M 0.72%
564,000
+130,000
+30% +$12.1M
BMY icon
38
Bristol-Myers Squibb
BMY
$130B
$49.2M 0.72%
710,302
-11,970
-2% -$844K
MCD icon
39
McDonald's
MCD
$193B
$48.9M 0.71%
175,000
– –
MPC icon
40
Marathon Petroleum
MPC
$93.7B
$47.3M 0.69%
351,000
+69,000
+24% +$8.63M
INTU icon
41
Intuit
INTU
$92.1B
$45.5M 0.66%
102,000
– –
WM icon
42
Waste Management
WM
$91.1B
$45.4M 0.66%
278,000
+71,000
+34% +$10.9M
AMP icon
43
Ameriprise Financial
AMP
$49.7B
$44.4M 0.65%
145,000
+49,000
+51% +$16.1M
VOYA icon
44
Voya Financial
VOYA
$8.96B
$43.2M 0.63%
+604,000
New +$42.3M
AJG icon
45
Arthur J. Gallagher & Co
AJG
$65.5B
$42.7M 0.62%
223,000
+110,000
+97% +$20.9M
SYK icon
46
Stryker
SYK
$134B
$42.5M 0.62%
148,720
-3,152
-2% -$836K
TGT icon
47
Target
TGT
$69B
$42.4M 0.62%
256,032
-9,540
-4% -$1.57M
PSA icon
48
Public Storage
PSA
$60.7B
$41.8M 0.61%
138,311
+7,000
+5% +$2.06M
MU icon
49
Micron Technology
MU
$974B
$40.3M 0.59%
667,083
+233,533
+54% +$13.7M
TJX icon
50
TJX Companies
TJX
$172B
$39.3M 0.57%
501,000
– –
1
2
3 4 5

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SoftBank Group
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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 2023 Portfolio in Review

As of Q1 2023, Employees Retirement System of Texas held 380 positions worth $6.86B, down 0.12% from $6.87B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Employees Retirement System of Texas withdrew a net $487M in Q1 2023, closing 50 positions and reducing 104 holdings. Its most notable exit was iShares MSCI Emerging Markets ETF, an estimated $138M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 17% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Employees Retirement System of Texas opened a new position in Strive Emerging Markets ex-China ETF worth $97.8M.

  • Employees Retirement System of Texas's largest Q1 2023 buy was Strive Emerging Markets ex-China ETF: 3,948,742 shares worth $97.8M.
  • Employees Retirement System of Texas added most to ExxonMobil in Q1 2023, an estimated $52M increase.
  • Employees Retirement System of Texas's biggest Q1 2023 reduction was Bank of America, cutting an estimated $56.8M.
  • Employees Retirement System of Texas fully exited iShares MSCI Emerging Markets ETF in Q1 2023, selling an estimated $138M.
  • Employees Retirement System of Texas's ten largest holdings make up 30% of its $6.86B portfolio in Q1 2023.
  • Employees Retirement System of Texas opened 48 new positions and closed 50 in Q1 2023.
  • Employees Retirement System of Texas's portfolio value fell 0.12% quarter-over-quarter to $6.86B.

Based on Employees Retirement System of Texas's 13F filing for Q1 2023, filed 26 Apr 2023.