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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
AEP icon
101
American Electric Power
AEP
$67.3B
$12.1M 0.1%
107,319
-34,616
-24% -$3.79M
RBLX icon
102
Roblox
RBLX
$25.9B
$11.9M 0.1%
85,946
-10,470
-11% -$1.3M
FET icon
103
Forum Energy Technologies
FET
$934M
$11.8M 0.09%
441,787
– –
CI icon
104
Cigna
CI
$72.4B
$11.6M 0.09%
40,354
-3,256
-7% -$963K
SHOP icon
105
Shopify
SHOP
$196B
$11.1M 0.09%
74,815
+1,066
+1% +$145K
LVS icon
106
Las Vegas Sands
LVS
$29.6B
$11.1M 0.09%
+206,598
New +$10.9M
BMY icon
107
Bristol-Myers Squibb
BMY
$130B
$11M 0.09%
244,257
-34,368
-12% -$1.61M
LRCX icon
108
Lam Research
LRCX
$390B
$10.1M 0.08%
75,560
+28,176
+59% +$2.98M
V icon
109
Visa
V
$677B
$10M 0.08%
29,365
-7,752
-21% -$2.68M
MRK icon
110
Merck
MRK
$322B
$9.77M 0.08%
116,454
-2,929
-2% -$241K
EG icon
111
Everest Group
EG
$14B
$9.72M 0.08%
27,754
– –
DASH icon
112
DoorDash
DASH
$91.9B
$9.71M 0.08%
35,698
-2,831
-7% -$710K
EBAY icon
113
eBay
EBAY
$47.2B
$9.64M 0.08%
105,977
-4,282
-4% -$379K
DUK icon
114
Duke Energy
DUK
$96.1B
$9.62M 0.08%
77,709
-25,066
-24% -$3.04M
ORLY icon
115
O'Reilly Automotive
ORLY
$74.9B
$9.49M 0.08%
88,005
– –
CRM icon
116
Salesforce
CRM
$162B
$9.26M 0.07%
39,073
+22,758
+139% +$5.74M
NET icon
117
Cloudflare
NET
$109B
$9.22M 0.07%
42,962
-17,041
-28% -$3.48M
AIG icon
118
American International
AIG
$40.4B
$9.09M 0.07%
115,699
-37,642
-25% -$3.01M
LIN icon
119
Linde
LIN
$226B
$8.27M 0.07%
17,400
-2,049
-11% -$970K
CLS icon
120
Celestica
CLS
$39.1B
$8.14M 0.07%
33,055
+22,074
+201% +$4.45M
IBN icon
121
ICICI Bank
IBN
$107B
$8.07M 0.06%
266,959
-86,110
-24% -$2.81M
CSCO icon
122
Cisco
CSCO
$475B
$7.75M 0.06%
113,202
+38,597
+52% +$2.63M
FERG icon
123
Ferguson
FERG
$48.8B
$7.59M 0.06%
33,792
+3,192
+10% +$723K
XEL icon
124
Xcel Energy
XEL
$48.5B
$7.53M 0.06%
93,316
-14,571
-14% -$1.05M
EXC icon
125
Exelon
EXC
$46.2B
$7.35M 0.06%
163,259
-52,660
-24% -$2.31M
3 4
5
6 7

Similar funds

SoftBank Group
SoftBank Group Tokyo, Japan $11.4B AUM 27.91% 1-Year Est. Return
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 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.