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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
+3.04%
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
$12.3B
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 Financials 10.48%
3 Consumer Discretionary 8.96%
4 Healthcare 8.63%
5 Communication Services 8.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VGIT icon
1
Vanguard Intermediate-Term Treasury ETF
VGIT
$41.6B
– –
0
– –
MSFT icon
2
Microsoft
MSFT
$3.69T
$690M 5.62%
1,427,610
+144,040
+11% +$72.2M
NVDA icon
3
NVIDIA
NVDA
$5.33T
$683M 5.56%
3,662,968
-62,526
-2% -$11.6M
AAPL icon
4
Apple
AAPL
$4.56T
$617M 5.02%
2,268,191
-171,082
-7% -$45.9M
AMZN icon
5
Amazon
AMZN
$2.93T
$447M 3.64%
1,935,809
+106,471
+6% +$24.4M
HYLB icon
6
Xtrackers USD High Yield Corporate Bond ETF
HYLB
$3.47B
– –
0
– –
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.36T
$365M 2.97%
1,161,911
-69,209
-6% -$19.8M
AVGO icon
8
Broadcom
AVGO
$2.02T
$292M 2.38%
844,380
+69,948
+9% +$25M
META icon
9
Meta Platforms (Facebook)
META
$1.51T
$257M 2.09%
389,372
-41,379
-10% -$27.6M
VOO icon
10
Vanguard S&P 500 ETF
VOO
$1.01T
$253M 2.06%
+403,400
New +$251M
MA icon
11
Mastercard
MA
$503B
$218M 1.78%
382,078
-5,977
-2% -$3.34M
LLY icon
12
Eli Lilly
LLY
$1.06T
$196M 1.59%
182,100
-3,200
-2% -$3.06M
TSLA icon
13
Tesla
TSLA
$1.26T
$180M 1.46%
399,856
-6,900
-2% -$3.06M
JPM icon
14
JPMorgan Chase
JPM
$947B
$174M 1.42%
541,000
-9,700
-2% -$3M
GOOGL icon
15
Alphabet (Google) Class A
GOOGL
$4.37T
$156M 1.27%
499,980
+39,908
+9% +$11.4M
XOM icon
16
ExxonMobil
XOM
$638B
$150M 1.22%
1,245,746
+47,838
+4% +$5.55M
NEM icon
17
Newmont
NEM
$111B
$138M 1.12%
1,380,471
+254,953
+23% +$23M
BAC icon
18
Bank of America
BAC
$440B
$136M 1.11%
2,469,085
-93,436
-4% -$4.94M
WMT icon
19
Walmart Inc
WMT
$887B
$125M 1.02%
1,123,700
-20,100
-2% -$2.16M
PANW icon
20
Palo Alto Networks
PANW
$290B
$122M 0.99%
661,826
+127,570
+24% +$25.7M
PH icon
21
Parker-Hannifin
PH
$134B
$117M 0.95%
133,236
-2,300
-2% -$1.88M
KO icon
22
Coca-Cola
KO
$373B
$114M 0.93%
1,629,273
+13,291
+0.8% +$927K
VEA icon
23
Vanguard FTSE Developed Markets ETF
VEA
$234B
$112M 0.91%
1,798,331
-4,889,500
-73% -$300M
COST icon
24
Costco
COST
$419B
$109M 0.89%
126,915
+28,566
+29% +$25.9M
FCX icon
25
Freeport-McMoran
FCX
$96.1B
$104M 0.85%
2,050,591
+459,214
+29% +$19.9M
1
2 3 4 5

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
MIFH
Migdal Insurance & Financial Holdings Petach Tikva, Israel $11.5B AUM 52.5% 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
GIM
Generation Investment Management London, United Kingdom $11.2B AUM 0.58% 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 Financials and Consumer Discretionary.

  • 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.