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Teacher Retirement System of Texas Portfolio holdings
AUM
$24B
1-Year Est. Return
29.51%
This Fund
S&P 500
This Quarter
Est. Return
+3.9%
1 Year Est. Return
+29.51%
3 Year Est. Return
+100.24%
5 Year Est. Return
+137.09%
10 Year Est. Return
+490.06%
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 | |
|---|---|---|---|---|---|---|
1526
Horizon Bancorp
HBNC
$1.05B
| $212K | ﹤0.01% |
12,475
-7,740
| -38% | -$128K |
|
1527
Nurix Therapeutics
NRIX
$2.82B
| $212K | ﹤0.01% |
11,150
-5,658
| -34% | -$81.3K |
|
1528
Semtech
SMTC
$12.4B
| $211K | ﹤0.01% |
2,864
-8,396
| -75% | -$596K |
|
1529
Hims & Hers Health
HIMS
$6.71B
| $210K | ﹤0.01% |
6,467
-18,929
| -75% | -$811K |
|
1530
PennyMac Financial
PFSI
$4.13B
| $209K | ﹤0.01% |
1,586
-3,097
| -66% | -$395K |
|
1531
Community Bank
CBU
$3.46B
| $209K | ﹤0.01% |
3,637
-13,125
| -78% | -$755K |
|
1532
Insight Enterprises
NSIT
$4.6B
| $209K | ﹤0.01% |
2,564
-2,080
| -45% | -$195K |
|
1533
Ardelyx
ARDX
$1.01B
| $208K | ﹤0.01% |
35,686
-22,932
| -39% | -$128K |
|
1534
First American
FAF
$7.56B
| $208K | ﹤0.01% |
3,378
-15,052
| -82% | -$944K |
|
1535
Starwood Property Trust
STWD
$6.05B
| $204K | ﹤0.01% |
11,339
-31,129
| -73% | -$573K |
|
1536
Applied Digital
APLD
$8.81B
| $204K | ﹤0.01% |
8,328
-17,912
| -68% | -$516K |
|
1537
Kyndryl
KD
$3.04B
| $203K | ﹤0.01% |
7,660
-32,080
| -81% | -$870K |
|
1538
Bentley Systems
BSY
$11B
| $203K | ﹤0.01% |
5,306
-15,704
| -75% | -$716K |
|
1539
Compass Diversified
CODI
$924M
| $201K | ﹤0.01% |
41,954
-50,286
| -55% | -$318K |
|
1540
Abercrombie & Fitch
ANF
$4.84B
| $201K | ﹤0.01% |
1,599
-4,664
| -74% | -$408K |
|
1541
GXO Logistics
GXO
$5.56B
| $201K | ﹤0.01% |
3,821
-11,201
| -75% | -$589K |
|
1542
Installed Building Products
IBP
$6.54B
| $201K | ﹤0.01% |
774
-2,305
| -75% | -$596K |
|
|
HOUS
1543
DELISTED
Anywhere Real Estate
HOUS
| $200K | ﹤0.01% |
+14,141
| New | +$173K |
|
1544
VF Corp
VFC
$5.79B
| $198K | ﹤0.01% |
10,962
-32,427
| -75% | -$525K |
|
|
GLDD
1545
DELISTED
Great Lakes Dredge & Dock
GLDD
| $195K | ﹤0.01% |
14,883
-15,309
| -51% | -$189K |
|
1546
NOV
NOV
$7.36B
| $195K | ﹤0.01% |
12,444
-38,695
| -76% | -$574K |
|
1547
Amplitude
AMPL
$1.66B
| $193K | ﹤0.01% |
16,633
-8,705
| -34% | -$91.6K |
|
1548
Biohaven
BHVN
$2.24B
| $192K | ﹤0.01% |
17,011
-4,278
| -20% | -$53K |
|
1549
Xeris Biopharma Holdings
XERS
$1.52B
| $188K | ﹤0.01% |
23,936
-15,385
| -39% | -$121K |
|
1550
Uranium Energy
UEC
$5.54B
| $187K | ﹤0.01% |
15,986
-42,001
| -72% | -$551K |
|
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CHP
CAM
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.