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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
+13.09%
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
$8.53B
AUM Growth
+$1.79B
Cap. Flow
+$905M
Cap. Flow %
10.61%
Top 10 Hldgs %
29.79%
Holding
385
New
88
Increased
82
Reduced
43
Closed
45

Top Buys

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$105M
2
UNH icon
UnitedHealth
UNH
+$104M
3
DGRW icon
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
+$93.9M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$93M
5
VB icon
Vanguard Morningstar Small-Cap ETF
VB
+$90.2M

Top Sells

Rank Stock Value
1
STXE icon
Strive Emerging Markets ex-China ETF
STXE
+$42.2M
2
DE icon
Deere & Co
DE
+$41.6M
3
XLV icon
State Street Health Care Select Sector SPDR ETF
XLV
+$39.4M
4
HES
Hess
HES
+$37.9M
5
PXD
Pioneer Natural Resource Co.
PXD
+$36.3M

Sector Composition

Rank Sector Weight
1 Technology 21.81%
2 Financials 11.44%
3 Healthcare 10.38%
4 Consumer Discretionary 9.32%
5 Communication Services 8.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHR icon
51
Danaher
DHR
$146B
$56.4M 0.66%
244,000
+34,192
+16% +$7.28M
MCD icon
52
McDonald's
MCD
$194B
$56M 0.66%
189,000
– –
LPLA icon
53
LPL Financial
LPLA
$29.2B
$56M 0.66%
246,000
+28,000
+13% +$6.29M
GWW icon
54
W.W. Grainger
GWW
$61.3B
$55.5M 0.65%
67,000
– –
MDY icon
55
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27.1B
$55.1M 0.65%
108,500
– –
MGM icon
56
MGM Resorts International
MGM
$11.1B
$54.5M 0.64%
1,220,000
– –
MS icon
57
Morgan Stanley
MS
$338B
$52.6M 0.62%
564,000
– –
CDNS icon
58
Cadence Design Systems
CDNS
$90.2B
$51.5M 0.6%
+189,000
New +$48.7M
AJG icon
59
Arthur J. Gallagher & Co
AJG
$65B
$50.1M 0.59%
223,000
– –
AME icon
60
Ametek
AME
$58.8B
$49.8M 0.58%
302,044
– –
WM icon
61
Waste Management
WM
$90.7B
$49.8M 0.58%
278,000
– –
FCX icon
62
Freeport-McMoran
FCX
$96.4B
$49.3M 0.58%
1,159,000
+213,000
+23% +$7.87M
MDLZ icon
63
Mondelez International
MDLZ
$78.9B
$48.8M 0.57%
674,000
– –
VRTX icon
64
Vertex Pharmaceuticals
VRTX
$134B
$48M 0.56%
118,000
– –
VICI icon
65
VICI Properties
VICI
$28.6B
$48M 0.56%
1,504,900
-275,000
-15% -$8.08M
DXCM icon
66
DexCom
DXCM
$33.8B
$47.8M 0.56%
+385,000
New +$39.3M
STZ icon
67
Constellation Brands
STZ
$22.9B
$46.9M 0.55%
194,000
– –
CMG icon
68
Chipotle Mexican Grill
CMG
$40.5B
$45.7M 0.54%
1,000,000
– –
VOYA icon
69
Voya Financial
VOYA
$8.9B
$44.1M 0.52%
604,000
– –
NXPI icon
70
NXP Semiconductors
NXPI
$59.6B
$43.6M 0.51%
190,000
+21,000
+12% +$4.23M
ICE icon
71
Intercontinental Exchange
ICE
$84.9B
$43.5M 0.51%
+339,000
New +$38.4M
HCA icon
72
HCA Healthcare
HCA
$89.1B
$43.3M 0.51%
+160,000
New +$39.5M
NEM icon
73
Newmont
NEM
$124B
$42.9M 0.5%
1,035,430
+219,000
+27% +$8.45M
ULTA icon
74
Ulta Beauty
ULTA
$23.3B
$42.6M 0.5%
+87,000
New +$36.7M
SYK icon
75
Stryker
SYK
$134B
$42.2M 0.5%
141,000
– –
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 Q4 2023 Portfolio in Review

As of Q4 2023, Employees Retirement System of Texas held 385 positions worth $8.53B, up 26% from $6.74B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Employees Retirement System of Texas deployed $905M of net new capital in Q4 2023, opening 88 new positions and adding to 82 existing holdings. Its largest new stake was ServiceNow: 833,310 shares worth $118M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $18.7M trimmed.

  • Employees Retirement System of Texas's largest Q4 2023 buy was ServiceNow: 833,310 shares worth $118M.
  • Employees Retirement System of Texas added most to Coca-Cola in Q4 2023, an estimated $35.5M increase.
  • Employees Retirement System of Texas's biggest Q4 2023 reduction was Alphabet (Google) Class A, cutting an estimated $18.7M.
  • Employees Retirement System of Texas fully exited Strive Emerging Markets ex-China ETF in Q4 2023, selling an estimated $42.2M.
  • Employees Retirement System of Texas's ten largest holdings make up 30% of its $8.53B portfolio in Q4 2023.
  • Employees Retirement System of Texas opened 88 new positions and closed 45 in Q4 2023.
  • Employees Retirement System of Texas's portfolio value rose 26% quarter-over-quarter to $8.53B.

Based on Employees Retirement System of Texas's 13F filing for Q4 2023, filed 15 Feb 2024.