Employees Retirement System of Texas

Pension

CIK

1398739

Location

AUSTIN, TX

Portfolio Value

Mid $8,761,447,303

Diversification

Diversified

Filing Date

Global Rank

#464 / 8,623 ▼ 22 · as of Mar 2026

Top Industry

Semiconductors 12.2%

3Y Alpha vs SPY

-1.9%

Period ended 4 months ago

Filed May 13, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+57.8%

SPY

+65.3%

Annualised alpha

-1.8%

Max drawdown

−18.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

478 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.0%

−0.2 pts

Top 5

26.5%

−2.1 pts

Top 10

37.4%

−1.9 pts

HHI

228

Diversified−18

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	31.7%	$2,773,188,451	93
Financial Services	12.8%	$1,121,484,218	61
Consumer Cyclical	9.7%	$849,439,885	54
Healthcare	9.1%	$796,156,447	68
Industrials	8.8%	$774,259,368	67
Communication Services	6.7%	$584,861,316	19
Energy	4.8%	$421,648,854	25
Consumer Defensive	4.8%	$419,013,994	23
Basic Materials	3.4%	$295,713,337	41
Unclassified	3.3%	$290,679,437	2
Real Estate	2.8%	$247,084,286	18
Utilities	2.1%	$187,917,710	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	+3,049,000	3,293,500	$290,354,960
NOK	Nokia Corp	+641,777	828,742	$6,663,085
NFLX	Netflix Inc	+534,742	1,097,470	$105,521,740
ET	Energy Transfer LP	+515,751	3,349,808	$64,651,294
FAST	Fastenal Co	+473,606	1,619,617	$75,150,228
V	Visa Inc.	+426,340	441,840	$133,541,721
PBR	Petrobras - Petroleo Brasileiro SA	+195,327	260,836	$5,412,347
ALLY	Ally Financial Inc.	+188,800	1,855,646	$72,796,992
SCHW	Schwab Charles Corp	+186,800	1,076,867	$101,203,960
ISRG	Intuitive Surgical Inc	+98,291	175,132	$80,734,100
NOW	ServiceNow, Inc.	+83,374	589,131	$61,593,646
HD	Home Depot, Inc.	+81,800	357,675	$117,635,730
ODFL	Old Dominion Freight Line, Inc.	+81,467	366,686	$71,650,444
AME	Ametek Inc/	+78,240	340,388	$72,965,571
PAGS	PagSeguro Digital Ltd.	+69,755	135,171	$1,354,413
SLB	Slb Limited/Nv	+61,694	1,225,301	$62,968,218
TMUS	T-Mobile US, Inc.	+56,410	356,246	$74,822,347
NXPI	NXP Semiconductors N.V.	+43,381	288,562	$56,806,315
TT	Trane Technologies plc	+38,568	153,342	$63,903,745
GNTX	Gentex Corp	+37,621	40,036	$874,786
FTNT	Fortinet, Inc.	+30,174	123,467	$10,089,723
CDNS	Cadence Design Systems Inc	+27,136	314,717	$87,450,412
PEP	Pepsico Inc	+23,256	33,303	$5,171,622
LVS	Las Vegas Sands Corp	+16,147	238,097	$12,828,666
MCD	Mcdonalds Corp	+14,372	21,894	$6,804,436
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BBD	Bank Bradesco	−1,218,653	89,075	$325,123
FMX	Mexican Economic Development Inc	−483,674	9,928	$1,102,603
ZTS	Zoetis Inc.	−394,000	4,709	$556,650
KO	Coca Cola Co	−329,273	1,300,000	$98,865,000
UNH	Unitedhealth Group Inc	−289,620	9,940	$2,689,664
T	At&T Inc.	−267,512	185,622	$5,381,181
NEM	NEWMONT Corp /DE/	−264,496	1,115,975	$120,804,293
HBM	Hudbay Minerals Inc.	−254,054	992	$20,732
AAPL	Apple Inc.	−223,719	2,044,472	$518,866,548
FCX	Freeport-Mcmoran Inc	−199,158	1,851,433	$108,827,231
MNST	Monster Beverage Corp	−186,000	679,049	$49,203,890
BAC	Bank Of America Corp /De/	−165,698	2,303,387	$112,290,116
VALE	Vale S.A.	−158,455	12,536	$199,447
CX	Cemex Sab De CV	−129,419	323,673	$3,702,819
VZ	Verizon Communications Inc	−128,456	5,233	$262,696
NVDA	Nvidia Corp	−125,179	3,537,789	$616,990,401
MA	Mastercard Inc	−121,557	260,521	$130,171,922
MRK	Merck & Co., Inc.	−88,750	27,704	$3,332,514
FITB	Fifth Third Bancorp	−87,500	1,627,200	$75,599,712
TJX	Tjx Companies Inc /De/	−83,758	494,971	$79,046,868
AMZN	Amazon Com Inc	−83,502	1,852,307	$385,779,978
MDT	Medtronic plc	−82,022	780,675	$67,645,488
MO	Altria Group, Inc.	−78,525	66,501	$4,388,400
BMY	Bristol Myers Squibb Co	−76,612	167,645	$10,167,669
VRT	Vertiv Holdings Co	−75,741	198,138	$49,649,420
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
ABBV	AbbVie Inc.	455,800	$99,131,942
CCL	Carnival Corp Ltd.	2,299,900	$59,521,412
CAT	Caterpillar Inc	61,448	$43,533,450
WDC	Western Digital Corp	155,548	$42,074,178
CVX	Chevron Corp	53,618	$11,093,564
RIO	Rio Tinto PLC	78,262	$7,301,061
CNQ	CANADIAN NATURAL RESOURCES Ltd	112,195	$5,467,262
PR	Permian Resources Corp	208,846	$4,452,596
EOG	Eog Resources Inc	18,900	$2,732,373
TRMB	Trimble Inc.	39,537	$2,578,998
AFG	American Financial Group Inc	18,381	$2,347,437
PNC	Pnc Financial Services Group, Inc.	10,789	$2,245,083
E	Eni Spa	31,258	$1,769,515
CNA	Cna Financial Corp	28,371	$1,302,796
ROP	Roper Technologies Inc	3,556	$1,258,326
TXT	Textron Inc	12,476	$1,092,398
RSG	Republic Services, Inc.	4,791	$1,049,324
IMAX	Imax Corp	25,700	$976,857
EFX	Equifax Inc	5,410	$974,178
AXON	Axon Enterprise, Inc.	2,139	$908,411
RBC	RBC Bearings INC	1,660	$901,579
KRP	Kimbell Royalty Partners, LP	61,915	$895,910
ROST	Ross Stores, Inc.	4,064	$880,384
GD	General Dynamics Corp	2,465	$846,037
COP	Conocophillips	6,068	$800,976
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
MELI	Mercadolibre Inc	40,184	$80,941,023
UBER	Uber Technologies, Inc	794,550	$64,922,680
LPLA	LPL Financial Holdings Inc.	176,200	$62,933,354
FLUT	Flutter Entertainment plc	257,400	$55,351,296
GEHC	GE HealthCare Technologies Inc.	535,700	$43,938,114
FET	Forum Energy Technologies, Inc.	441,787	$16,324,029
AEP	American Electric Power Co Inc	50,566	$5,830,765
ADP	Automatic Data Processing Inc	22,200	$5,710,506
EG	Everest Group, Ltd.	15,547	$5,275,874
JNJ	Johnson & Johnson	23,345	$4,831,247
AIG	American International Group, Inc.	52,305	$4,474,692
IBN	Icici Bank Ltd	139,859	$4,167,798
DUK	Duke Energy CORP	35,256	$4,132,355
HDB	Hdfc Bank Ltd	109,672	$4,007,414
XEL	Xcel Energy Inc	45,867	$3,387,736
CHKP	Check Point Software Technologies Ltd	17,883	$3,318,369
WTW	Willis Towers Watson PLC	9,505	$3,123,343
EXC	Exelon Corp	65,029	$2,834,614
AWK	American Water Works Company, Inc.	20,549	$2,681,644
KR	Kroger Co	42,442	$2,651,776
ITUB	Itau Unibanco Holding S.A.	370,217	$2,650,753
BTI	British American Tobacco p.l.c.	46,386	$2,626,375
NEE	Nextera Energy Inc	31,510	$2,529,622
CPNG	Coupang, Inc.	105,011	$2,477,209
BRK-B	Berkshire Hathaway Inc	4,779	$2,402,164
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

478 tracked positions · $8,761,447,303 total · filing declares 493 positions · $11,436,594 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 478 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	3,537,789	-125,179	$616,990,401	−9.7%	7.04%
AAPL	Apple Inc. Technology	Reduced	2,044,472	-223,719	$518,866,548	−15.9%	5.92%
MSFT	Microsoft Corp Technology	Reduced	1,375,556	-52,054	$509,189,564	−26.2%	5.81%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	1,852,307	-83,502	$385,779,978	−13.7%	4.40%
IAU	Ishares Gold Trust	Added	3,293,500	+3,049,000	$290,354,960	+1363.0%	3.31%
AVGO	Broadcom Inc. Technology	Added	846,858	+2,478	$262,111,019	−10.3%	2.99%
XOM	ExxonMobil Holdings Corp Energy	Reduced	1,173,657	-72,089	$199,122,646	+32.8%	2.27%
META	Meta Platforms, Inc. Communication Services	Reduced	318,392	-70,980	$182,161,614	−29.1%	2.08%
LLY	ELI LILLY & Co Healthcare	Reduced	172,900	-9,200	$159,028,233	−18.7%	1.82%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	513,400	-27,600	$151,021,744	−13.4%	1.72%
GOOGL	Alphabet Inc. Communication Services	Reduced	486,408	-13,572	$139,871,484	−10.6%	1.60%
V	Visa Inc. Financial Services	Added	441,840	+426,340	$133,541,721	+2356.6%	1.52%
WMT	Walmart Inc. Consumer Defensive	Reduced	1,066,400	-57,300	$132,532,192	+5.9%	1.51%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	351,756	-48,100	$130,765,293	−27.3%	1.49%
MA	Mastercard Inc Financial Services	Reduced	260,521	-121,557	$130,171,922	−40.3%	1.49%
NEM	NEWMONT Corp /DE/ Basic Materials	Reduced	1,115,975	-264,496	$120,804,293	−12.4%	1.38%
HD	Home Depot, Inc. Consumer Cyclical	Added	357,675	+81,800	$117,635,730	+23.9%	1.34%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	116,761	-10,154	$116,344,163	+6.3%	1.33%
PH	Parker-Hannifin Corp Industrials	Reduced	126,436	-6,800	$113,190,564	−3.3%	1.29%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	2,303,387	-165,698	$112,290,116	−17.3%	1.28%
FCX	Freeport-Mcmoran Inc Basic Materials	Reduced	1,851,433	-199,158	$108,827,231	+4.5%	1.24%
NFLX	Netflix Inc Communication Services	Added	1,097,470	+534,742	$105,521,740	+100.0%	1.20%
SCHW	Schwab Charles Corp Financial Services	Added	1,076,867	+186,800	$101,203,960	+13.8%	1.16%
PANW	Palo Alto Networks Inc Technology	Reduced	628,126	-33,700	$100,701,160	−17.4%	1.15%
ABBV	AbbVie Inc. Healthcare	NEW	455,800	NEW	$99,131,942	NEW	1.13%
KO	Coca Cola Co Consumer Defensive	Reduced	1,300,000	-329,273	$98,865,000	−13.2%	1.13%
MSI	Motorola Solutions, Inc. Technology	Reduced	218,847	-17,415	$94,973,032	+4.9%	1.08%
CDNS	Cadence Design Systems Inc Technology	Added	314,717	+27,136	$87,450,412	−2.7%	1.00%
ISRG	Intuitive Surgical Inc Healthcare	Added	175,132	+98,291	$80,734,100	+85.5%	0.92%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	163,733	-11,822	$80,479,681	−20.9%	0.92%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	494,971	-83,758	$79,046,868	−11.1%	0.90%
ANET	Arista Networks, Inc. Technology	Reduced	635,191	-33,200	$77,988,750	−11.0%	0.89%
FITB	Fifth Third Bancorp Financial Services	Reduced	1,627,200	-87,500	$75,599,712	−5.8%	0.86%
AMD	Advanced Micro Devices Inc Technology	Reduced	371,175	-19,900	$75,508,130	−9.8%	0.86%
ETR	Entergy Corp /De/ Utilities	Reduced	671,175	-36,100	$75,413,223	+15.4%	0.86%
MS	Morgan Stanley Financial Services	Reduced	457,900	-24,600	$75,356,603	−12.0%	0.86%
FAST	Fastenal Co Industrials	Added	1,619,617	+473,606	$75,150,228	+63.4%	0.86%
DHR	Danaher Corp /De/ Healthcare	Reduced	395,138	-19,300	$74,918,164	−21.0%	0.86%
TMUS	T-Mobile US, Inc. Communication Services	Added	356,246	+56,410	$74,822,347	+22.9%	0.85%
EQIX	Equinix Inc Real Estate	Reduced	74,539	-3,900	$73,066,109	+21.6%	0.83%
AME	Ametek Inc/ Industrials	Added	340,388	+78,240	$72,965,571	+35.6%	0.83%
ALLY	Ally Financial Inc. Financial Services	Added	1,855,646	+188,800	$72,796,992	−3.6%	0.83%
WEC	Wec Energy Group, Inc. Utilities	Reduced	625,933	-33,600	$72,464,263	+4.2%	0.83%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	458,403	-8,111	$72,097,623	−4.6%	0.82%
ODFL	Old Dominion Freight Line, Inc. Industrials	Added	366,686	+81,467	$71,650,444	+60.2%	0.82%
VTR	Ventas, Inc. Real Estate	Reduced	832,038	-48,988	$68,044,067	−0.2%	0.78%
MDT	Medtronic plc Healthcare	Reduced	780,675	-82,022	$67,645,488	−18.4%	0.77%
ET	Energy Transfer LP Energy	Added	3,349,808	+515,751	$64,651,294	+38.3%	0.74%
SYK	Stryker Corp Healthcare	Reduced	195,902	-1,098	$64,371,438	−7.0%	0.73%
TT	Trane Technologies plc Industrials	Added	153,342	+38,568	$63,903,745	+43.1%	0.73%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.