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ERSOT

Employees Retirement System of Texas Portfolio holdings

AUM $12.6B
1-Year Est. Return 31.26%
This Fund
S&P 500
This Quarter Est. Return
+3.04%
1 Year Est. Return
+31.26%
3 Year Est. Return
+109.85%
5 Year Est. Return
+156.37%
10 Year Est. Return
+600.99%
AUM
$12.3B
AUM Growth
-$233M
Cap. Flow
-$273M
Cap. Flow %
-2.22%
Top 10 Hldgs %
43.58%
Holding
568
New
61
Increased
87
Reduced
127
Closed
72

Top Buys

Rank Stock Value
1
VOO icon
Vanguard S&P 500 ETF
VOO
+$251M
2
AMD icon
Advanced Micro Devices
AMD
+$87.8M
3
MSFT icon
Microsoft
MSFT
+$72.2M
4
SPOT icon
Spotify
SPOT
+$60.5M
5
AME icon
Ametek
AME
+$51M

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$300M
2
MNDY icon
monday.com
MNDY
+$74M
3
KKR icon
KKR & Co
KKR
+$70.2M
4
CL icon
Colgate-Palmolive
CL
+$68.2M
5
NFLX icon
Netflix
NFLX
+$63.2M

Sector Composition

Rank Sector Weight
1 Technology 26.65%
2 Miscellaneous 19.37%
3 Financials 10.48%
4 Consumer Discretionary 8.96%
5 Healthcare 8.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRT icon
76
Vertiv
VRT
$97.5B
$44.4M 0.36%
273,879
-215,231
-44% -$37.4M
GEHC icon
77
GE HealthCare
GEHC
$30.1B
$43.9M 0.36%
535,700
-159,300
-23% -$12.4M
ISRG icon
78
Intuitive Surgical
ISRG
$143B
$43.5M 0.35%
76,841
+65,179
+559% +$34.7M
LNG icon
79
Cheniere Energy
LNG
$55.5B
$42M 0.34%
216,273
-3,800
-2% -$798K
BA icon
80
Boeing
BA
$157B
$41.1M 0.33%
189,201
-283,400
-60% -$58.3M
TOST icon
81
Toast
TOST
$17.7B
$39.6M 0.32%
1,114,408
+1,109,600
+23,078% +$40M
PSA icon
82
Public Storage
PSA
$53.8B
$38.3M 0.31%
147,650
-2,600
-2% -$728K
WSO icon
83
Watsco Inc
WSO
$13.1B
$37.9M 0.31%
112,601
+106,883
+1,869% +$38.2M
DXCM icon
84
DexCom
DXCM
$32.7B
$37.9M 0.31%
+570,600
New +$36.9M
NI icon
85
NiSource
NI
$18.9B
$36.7M 0.3%
877,729
-15,700
-2% -$671K
ADBE icon
86
Adobe
ADBE
$93.6B
$31.4M 0.26%
89,675
– –
APH icon
87
Amphenol
APH
$207B
$30.3M 0.25%
447,908
-61,400
-12% -$4.11M
PAAA icon
88
PGIM AAA CLO ETF
PAAA
$13.1B
– –
0
– –
IAU icon
89
iShares Gold Trust
IAU
$63.6B
$19.8M 0.16%
+244,500
New +$19.1M
PM icon
90
Philip Morris
PM
$297B
$18.9M 0.15%
117,747
-69,135
-37% -$10.7M
DIS icon
91
Walt Disney
DIS
$183B
$17.1M 0.14%
150,623
-485,635
-76% -$53.5M
FET icon
92
Forum Energy Technologies
FET
$950M
$16.3M 0.13%
441,787
– –
ASML icon
93
ASML
ASML
$670B
$15.6M 0.13%
14,539
+14,489
+28,978% +$15.1M
LVS icon
94
Las Vegas Sands
LVS
$25.3B
$14.4M 0.12%
221,950
+15,352
+7% +$941K
CRM icon
95
Salesforce
CRM
$193B
$13.7M 0.11%
51,715
+12,642
+32% +$3.14M
TSM icon
96
TSMC
TSM
$2.34T
$13.2M 0.11%
43,500
-5,300
-11% -$1.56M
BMY icon
97
Bristol-Myers Squibb
BMY
$128B
$13.2M 0.11%
244,257
– –
LRCX icon
98
Lam Research
LRCX
$394B
$12.9M 0.11%
75,560
– –
MRK icon
99
Merck
MRK
$367B
$12.3M 0.1%
116,454
– –
BKNG icon
100
Booking.com
BKNG
$123B
$12M 0.1%
55,950
– –
2 3
4
5 6

Similar funds

BAMF
BI Asset Management Fondsmaeglerselskab Kobenhavn, Denmark $12.6B AUM 41.69% 1-Year Est. Return
AIM
Adapt Investment Managers Geneva, Switzerland $12.6B AUM 11.86% 1-Year Est. Return
LC
Loews Corp New York $12.5B AUM 4.69% 1-Year Est. Return
Diamond Hill Capital Management
Diamond Hill Capital Management Columbus, Ohio $12.5B AUM 7.49% 1-Year Est. Return
WRCM
Whale Rock Capital Management Boston, Massachusetts $12.5B AUM 306.52% 1-Year Est. Return
JF
Jump Financial Chicago, Illinois $12.4B AUM 62.79% 1-Year Est. Return
RA
Royce & Associates New York $12.4B AUM 64.17% 1-Year Est. Return
WI
WealthNavi Inc Shinagawa-Ku, Tokyo, Japan $12.8B AUM 19.73% 1-Year Est. Return

Employees Retirement System of Texas's Q4 2025 Portfolio in Review

As of Q4 2025, Employees Retirement System of Texas held 568 positions worth $12.3B, down 1.9% from $12.5B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Employees Retirement System of Texas's Q4 2025 filing shows 61 new, 87 increased, 127 reduced and 72 closed positions. Its largest new stake was Vanguard S&P 500 ETF: 403,400 shares worth $253M. The largest sale was Vanguard FTSE Developed Markets ETF, an estimated $300M.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Financials.

  • Employees Retirement System of Texas's largest Q4 2025 buy was Vanguard S&P 500 ETF: 403,400 shares worth $253M.
  • Employees Retirement System of Texas added most to Microsoft in Q4 2025, an estimated $72.2M increase.
  • Employees Retirement System of Texas's biggest Q4 2025 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $300M.
  • Employees Retirement System of Texas fully exited monday.com in Q4 2025, selling an estimated $74M.
  • Employees Retirement System of Texas's ten largest holdings make up 44% of its $12.3B portfolio in Q4 2025.
  • Employees Retirement System of Texas opened 61 new positions and closed 72 in Q4 2025.
  • Employees Retirement System of Texas's portfolio value fell 1.9% quarter-over-quarter to $12.3B.

Based on Employees Retirement System of Texas's 13F filing for Q4 2025, filed 9 Feb 2026.