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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
Cap. Flow
-$402M
Cap. Flow %
-3.21%
Top 10 Hldgs %
44.43%
Holding
604
New
81
Increased
124
Reduced
123
Closed
97

Top Buys

Rank Stock Value
1
XLI icon
State Street Industrial Select Sector SPDR ETF
XLI
+$95.6M
2
MDT icon
Medtronic
MDT
+$75.2M
3
HUBS icon
HubSpot
HUBS
+$70.8M
4
GEHC icon
GE HealthCare
GEHC
+$51.8M
5
XLY icon
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
+$44.9M

Top Sells

Rank Stock Value
1
BKNG icon
Booking.com
BKNG
+$85.9M
2
PG icon
Procter & Gamble
PG
+$83.3M
3
PLD icon
Prologis
PLD
+$69.9M
4
MU icon
Micron Technology
MU
+$62.1M
5
SBAC icon
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
UNH icon
26
UnitedHealth
UNH
$367B
$98.5M 0.79%
285,141
-4,819
-2% -$1.46M
XLI icon
27
State Street Industrial Select Sector SPDR ETF
XLI
$34.7B
$97.3M 0.78%
+631,000
New +$95.6M
NEM icon
28
Newmont
NEM
$123B
$94.9M 0.76%
1,125,518
+76,399
+7% +$5.33M
COST icon
29
Costco
COST
$418B
$91M 0.73%
98,349
-6,200
-6% -$5.94M
CDNS icon
30
Cadence Design Systems
CDNS
$90B
$89.9M 0.72%
255,953
+32,507
+15% +$11.2M
ICE icon
31
Intercontinental Exchange
ICE
$84.5B
$88.7M 0.71%
526,214
-4,000
-0.8% -$715K
NOW icon
32
ServiceNow
NOW
$131B
$88M 0.7%
477,845
+120,385
+34% +$22.5M
SCHW
33
Charles Schwab
SCHW
$186B
$87.6M 0.7%
917,350
+128,553
+16% +$12.2M
ANET icon
34
Arista Networks
ANET
$247B
$86.3M 0.69%
592,544
-5,300
-0.9% -$682K
AZO icon
35
AutoZone
AZO
$50B
$86.1M 0.69%
20,077
-59
-0.3% -$237K
TJX icon
36
TJX Companies
TJX
$173B
$85M 0.68%
587,929
-24,031
-4% -$3.19M
MDT icon
37
Medtronic
MDT
$115B
$84.9M 0.68%
891,232
+818,000
+1,117% +$75.2M
MSI icon
38
Motorola Solutions
MSI
$77B
$81.7M 0.65%
178,669
+4,701
+3% +$2.12M
MELI icon
39
Mercado Libre
MELI
$96.9B
$79.4M 0.63%
33,984
-189
-0.6% -$454K
FITB
40
Fifth Third Bancorp
FITB
$52.1B
$77.8M 0.62%
1,745,400
+366,300
+27% +$16M
WEC icon
41
WEC Energy
WEC
$34.8B
$76.9M 0.61%
671,333
-6,200
-0.9% -$672K
SYK icon
42
Stryker
SYK
$133B
$74M 0.59%
200,200
-1,600
-0.8% -$618K
XBI icon
43
State Street SPDR S&P Biotech ETF
XBI
$10.4B
$74M 0.59%
738,272
-115,100
-13% -$10.4M
MNDY icon
44
monday.com
MNDY
$3.68B
$74M 0.59%
381,850
+169,786
+80% +$39.1M
VRT icon
45
Vertiv
VRT
$108B
$73.8M 0.59%
489,110
-147,245
-23% -$19.6M
DIS icon
46
Walt Disney
DIS
$178B
$72.9M 0.58%
636,258
-5,600
-0.9% -$660K
TMUS icon
47
T-Mobile US
TMUS
$194B
$72.9M 0.58%
304,336
-35,927
-11% -$8.7M
CL icon
48
Colgate-Palmolive
CL
$73.7B
$71.9M 0.57%
899,843
+254,622
+39% +$21.7M
KKR icon
49
KKR & Co
KKR
$99.3B
$70.2M 0.56%
540,300
+191,600
+55% +$27.2M
NXPI icon
50
NXP Semiconductors
NXPI
$59.3B
$69.1M 0.55%
303,522
+23,800
+9% +$5.35M
1
2
3 4 5

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VLKIM
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GKIM
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BHCM
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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.