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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
VOO icon
1
Vanguard S&P 500 ETF
VOO
$1.01T
$475M 5.57%
1,088,100
– –
AAPL icon
2
Apple
AAPL
$4.56T
$389M 4.56%
2,018,000
– –
MSFT icon
3
Microsoft
MSFT
$3.71T
$369M 4.32%
980,235
-26,653
-3% -$9.49M
AMZN icon
4
Amazon
AMZN
$2.94T
$257M 3.01%
1,688,580
+23,335
+1% +$3.27M
NVDA icon
5
NVIDIA
NVDA
$5.3T
$228M 2.68%
4,607,970
+80,180
+2% +$3.72M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.36T
$209M 2.45%
1,485,119
-54,974
-4% -$7.46M
META icon
7
Meta Platforms (Facebook)
META
$1.5T
$180M 2.11%
508,509
-10
-0% -$3.26K
MA icon
8
Mastercard
MA
$505B
$162M 1.9%
379,559
– –
XOM icon
9
ExxonMobil
XOM
$642B
$137M 1.61%
1,370,000
+245,049
+22% +$25.8M
JPM icon
10
JPMorgan Chase
JPM
$947B
$135M 1.58%
793,070
+49,300
+7% +$7.47M
NOW icon
11
ServiceNow
NOW
$121B
$118M 1.38%
+833,310
New +$105M
AVGO icon
12
Broadcom
AVGO
$2T
$117M 1.37%
1,047,350
+74,540
+8% +$7.06M
KO icon
13
Coca-Cola
KO
$374B
$114M 1.33%
1,931,000
+625,000
+48% +$35.5M
LLY icon
14
Eli Lilly
LLY
$1.06T
$110M 1.29%
189,120
– –
PLD icon
15
Prologis
PLD
$130B
$106M 1.25%
798,455
+10,000
+1% +$1.14M
UNH icon
16
UnitedHealth
UNH
$367B
$102M 1.2%
+194,367
New +$104M
TSLA icon
17
Tesla
TSLA
$1.26T
$101M 1.19%
407,465
+10,465
+3% +$2.49M
DGRW icon
18
WisdomTree Trust WisdomTree US Quality Dividend Growth Fund
DGRW
$17.2B
$100M 1.17%
+1,422,300
New +$93.9M
VB icon
19
Vanguard Morningstar Small-Cap ETF
VB
$81.3B
$99.8M 1.17%
+467,925
New +$90.2M
VTI icon
20
Vanguard Morningstar Total Stock Market ETF
VTI
$680B
$99.8M 1.17%
+420,800
New +$93M
EQIX icon
21
Equinix
EQIX
$104B
$87M 1.02%
108,000
+9,000
+9% +$6.91M
CRM icon
22
Salesforce
CRM
$153B
$80.3M 0.94%
305,000
– –
ACN icon
23
Accenture
ACN
$105B
$78.9M 0.93%
224,865
– –
DIS icon
24
Walt Disney
DIS
$182B
$78.8M 0.92%
872,798
+230,000
+36% +$20.3M
PANW icon
25
Palo Alto Networks
PANW
$293B
$78.6M 0.92%
533,308
+70,000
+15% +$9.36M
1
2 3 4 5

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DWM
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VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $11.4B AUM 16.77% 1-Year Est. Return
GKIM
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MIFH
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BHCM
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DCP
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GIM
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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.