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Teacher Retirement System of Texas Portfolio holdings
AUM
$37.3B
1-Year Est. Return
38.63%
This Fund
S&P 500
This Quarter
Est. Return
+3.9%
1 Year Est. Return
+38.63%
3 Year Est. Return
+123.66%
5 Year Est. Return
+164.77%
10 Year Est. Return
+600.67%
AUM
$28.9B
AUM Growth
+$4.04B
(+16%)
Cap. Flow
+$3.44B
Cap. Flow
% of AUM
11.89%
Top 10 Holdings %
Top 10 Hldgs %
38.19%
Holding
2,058
New
35
Increased
464
Reduced
1,109
Closed
439
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$2.56B |
| 2 |
NVIDIA
NVDA
|
+$146M |
| 3 |
Apple
AAPL
|
+$125M |
| 4 |
Microsoft
MSFT
|
+$116M |
| 5 |
SPDR Gold Trust
GLD
|
+$111M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Illumina
ILMN
|
+$60.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$60.5M |
| 3 |
BJs Wholesale Club
BJ
|
+$48.8M |
| 4 |
SNDK
Sandisk
SNDK
|
+$42.2M |
| 5 |
Nasdaq
NDAQ
|
+$39.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.03% |
| 2 | Consumer Discretionary | 9.64% |
| 3 | Financials | 9.33% |
| 4 | Healthcare | 8.06% |
| 5 | Industrials | 7.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Boyd Gaming
BYD
$6.11B
| $770K | ﹤0.01% |
9,038
-3,907
| -30% | -$322K |
|
1052
Park National Corp
PRK
$3.75B
| $770K | ﹤0.01% |
5,058
-1,241
| -20% | -$195K |
|
1053
United Airlines
UAL
$40.7B
| $769K | ﹤0.01% |
6,875
-58,593
| -89% | -$5.92M |
|
|
SGI
1054
Somnigroup International
SGI
$13.9B
| $768K | ﹤0.01% |
8,600
-19,341
| -69% | -$1.69M |
|
1055
PPG Industries
PPG
$25.4B
| $766K | ﹤0.01% |
7,479
-154,627
| -95% | -$15.5M |
|
1056
Prosperity Bancshares
PB
$9.02B
| $766K | ﹤0.01% |
11,088
-8,419
| -43% | -$568K |
|
1057
Zscaler
ZS
$29.7B
| $766K | ﹤0.01% |
3,405
-9,842
| -74% | -$2.78M |
|
1058
Brown & Brown
BRO
$23.6B
| $765K | ﹤0.01% |
9,604
-30,708
| -76% | -$2.56M |
|
1059
Fulton Financial
FULT
$4.72B
| $765K | ﹤0.01% |
39,573
-17,842
| -31% | -$328K |
|
1060
Live Nation Entertainment
LYV
$43.9B
| $764K | ﹤0.01% |
5,364
-15,882
| -75% | -$2.28M |
|
1061
Silgan Holdings
SLGN
$4.49B
| $764K | ﹤0.01% |
18,914
-17,976
| -49% | -$730K |
|
1062
Antero Midstream
AM
$10.7B
| $763K | ﹤0.01% |
42,917
-33,509
| -44% | -$604K |
|
1063
Appian
APPN
$2.54B
| $761K | ﹤0.01% |
21,488
+2,895
| +16% | +$103K |
|
1064
American States Water
AWR
$3.53B
| $758K | ﹤0.01% |
10,462
-4,154
| -28% | -$306K |
|
1065
Duolingo
DUOL
$6.21B
| $757K | ﹤0.01% |
4,312
-4,804
| -53% | -$1.13M |
|
1066
Harmonic Inc
HLIT
$1.51B
| $752K | ﹤0.01% |
76,031
-11,903
| -14% | -$120K |
|
1067
KBR
KBR
$4.84B
| $749K | ﹤0.01% |
18,623
-15,761
| -46% | -$676K |
|
1068
Waters Corp
WAT
$40.5B
| $748K | ﹤0.01% |
1,970
-5,826
| -75% | -$2.14M |
|
1069
lululemon athletica
LULU
$13.6B
| $745K | ﹤0.01% |
3,587
-10,682
| -75% | -$1.94M |
|
1070
Farmers National Banc Corp
FMNB
$966M
| $745K | ﹤0.01% |
55,920
+9,439
| +20% | +$129K |
|
1071
BancFirst
BANF
$3.89B
| $744K | ﹤0.01% |
7,021
-1,532
| -18% | -$173K |
|
1072
LKQ Corp
LKQ
$6.43B
| $741K | ﹤0.01% |
24,538
-20,967
| -46% | -$632K |
|
1073
RLJ Lodging Trust
RLJ
$1.67B
| $740K | ﹤0.01% |
99,395
+79,492
| +399% | +$578K |
|
1074
ON Semiconductor
ON
$32.2B
| $734K | ﹤0.01% |
13,563
-41,202
| -75% | -$2.11M |
|
1075
Phillips Edison & Co
PECO
$5.21B
| $731K | ﹤0.01% |
20,560
-21,460
| -51% | -$745K |
|
Similar funds
GAM
Teacher Retirement System of Texas's Q4 2025 Portfolio in Review
As of Q4 2025, Teacher Retirement System of Texas held 2,058 positions worth $28.9B, up 16% from $24.9B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
Teacher Retirement System of Texas deployed $3.44B of net new capital in Q4 2025, opening 35 new positions and adding to 464 existing holdings. Its largest new stake was TSMC: 93,243 shares worth $28.3M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 27% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the largest reduction was Illumina, an estimated $60.9M trimmed.
- Teacher Retirement System of Texas's largest Q4 2025 buy was TSMC: 93,243 shares worth $28.3M.
- Teacher Retirement System of Texas added most to Vanguard S&P 500 ETF in Q4 2025, an estimated $2.56B increase.
- Teacher Retirement System of Texas's biggest Q4 2025 reduction was Illumina, cutting an estimated $60.9M.
- Teacher Retirement System of Texas fully exited Burford Capital in Q4 2025, selling an estimated $23.5M.
- Teacher Retirement System of Texas's ten largest holdings make up 38% of its $28.9B portfolio in Q4 2025.
- Teacher Retirement System of Texas opened 35 new positions and closed 439 in Q4 2025.
- Teacher Retirement System of Texas's portfolio value rose 16% quarter-over-quarter to $28.9B.
Based on Teacher Retirement System of Texas's 13F filing for Q4 2025, filed 28 Jan 2026.