TEACHER RETIREMENT SYSTEM OF TEXAS
PensionFiling Date
Global Rank
#258
/ 8,608
—
· as of Mar 2026
Top Industry
Semiconductors
10.7%
3Y Alpha vs SPY
-3.1%
Period ended 3 months ago
Filed Apr 30, 2026 · 2mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+61.5%
SPY
+73.9%
Annualised alpha
-2.9%
Max drawdown
−18.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
1,464 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
6.1%
−0.1 pts
Top 5
20.5%
−1.3 pts
Top 10
27.9%
−2.1 pts
HHI
127
Diversified−12
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 30.9% | $6,776,654,221 |
| Financial Services | 12.2% | $2,683,772,531 |
| Consumer Cyclical | 11.1% | $2,442,073,552 |
| Industrials | 10.9% | $2,395,930,927 |
| Healthcare | 9.3% | $2,051,672,678 |
| Communication Services | 7.5% | $1,645,207,828 |
| Consumer Defensive | 5.8% | $1,264,241,874 |
| Real Estate | 3.9% | $865,219,203 |
| Energy | 3.5% | $765,934,571 |
| Basic Materials | 3.4% | $756,278,527 |
| Utilities | 1.4% | $300,873,789 |
| Unclassified | 0.0% | $449,859 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AMX | America Movil Sab De Cv/ | +1,010,000 | 2,670,300 | $68,039,244 | |
| KEY | Keycorp /New/ | +934,714 | 965,632 | $19,360,921 | |
| KVUE | Kenvue Inc. | +729,106 | 1,867,614 | $32,197,665 | |
| TOST | Toast, Inc. | +642,251 | 657,346 | $17,426,242 | |
| CFG | Citizens Financial Group Inc/Ri | +595,499 | 609,786 | $36,568,866 | |
| EQR | Equity Residential | +552,312 | 1,550,713 | $91,724,673 | |
| UDR | UDR, Inc. | +425,880 | 1,195,377 | $40,379,835 | |
| LVS | Las Vegas Sands Corp | +387,667 | 742,989 | $40,032,247 | |
| FCX | Freeport-Mcmoran Inc | +358,923 | 617,254 | $36,282,190 | |
| FTNT | Fortinet, Inc. | +343,733 | 609,044 | $49,771,075 | |
| NOW | ServiceNow, Inc. | +326,265 | 645,290 | $67,465,069 | |
| T | At&T Inc. | +310,327 | 2,843,501 | $82,433,093 | |
| IRT | Independence Realty Trust, Inc. | +310,233 | 881,801 | $13,130,016 | |
| OTIS | Otis Worldwide Corp | +308,818 | 448,353 | $34,559,049 | |
| INVH | Invitation Homes Inc. | +308,094 | 397,855 | $9,886,696 | |
| DECK | Deckers Outdoor Corp | +282,405 | 287,344 | $28,760,260 | |
| UBER | Uber Technologies, Inc | +281,071 | 835,225 | $60,077,734 | |
| C | Citigroup Inc | +274,954 | 897,008 | $101,729,677 | |
| PSX | Phillips 66 | +268,006 | 358,832 | $65,372,013 | |
| MWA | Mueller Water Products, Inc. | +264,167 | 285,579 | $7,850,566 | |
| WFC | Wells Fargo & Company/Mn | +233,794 | 1,442,575 | $114,843,395 | |
| ILMN | Illumina, Inc. | +218,157 | 223,243 | $27,516,932 | |
| NFLX | Netflix Inc | +217,326 | 1,690,522 | $162,543,690 | |
| BALL | BALL Corp | +210,344 | 473,317 | $27,977,767 | |
| LECO | Lincoln Electric Holdings Inc | +200,818 | 216,505 | $53,927,065 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CERT | Certara, Inc. | −2,641,814 | 2,960,963 | $16,877,489 | |
| SARO | StandardAero, Inc. | −1,961,187 | 26,080 | $673,646 | |
| MBC | MasterBrand, Inc. | −1,412,327 | 299,995 | $2,492,958 | |
| PFE | Pfizer Inc | −1,040,190 | 1,469,652 | $41,267,828 | |
| APG | APi Group Corp | −891,043 | 1,357,740 | $55,015,624 | |
| CMCSA | Comcast Corp | −883,402 | 1,629,492 | $46,782,715 | |
| F | Ford Motor Co | −493,939 | 2,574,758 | $29,712,707 | |
| AMH | American Homes 4 Rent | −430,221 | 29,261 | $816,967 | |
| VZ | Verizon Communications Inc | −407,269 | 1,790,097 | $89,862,869 | |
| INTC | Intel Corp | −401,952 | 2,169,961 | $95,760,378 | |
| HPQ | Hp Inc | −399,282 | 730,544 | $14,033,750 | |
| MO | Altria Group, Inc. | −341,309 | 827,807 | $54,626,983 | |
| RARE | Ultragenyx Pharmaceutical Inc. | −337,167 | 11,183 | $234,283 | |
| DIS | Walt Disney Co | −318,977 | 317,961 | $30,645,081 | |
| PYPL | PayPal Holdings, Inc. | −304,708 | 158,308 | $7,160,270 | |
| AUNA | Auna S.A. | −300,000 | 1,584,000 | $8,727,840 | |
| FLUT | Flutter Entertainment plc | −282,641 | 2,492 | $254,059 | |
| WMT | Walmart Inc. | −281,193 | 1,206,883 | $149,991,419 | |
| DVN | Devon Energy Corp/De | −276,843 | 395,803 | $19,916,806 | |
| BAC | Bank Of America Corp /De/ | −263,371 | 2,341,477 | $114,147,003 | |
| EMBC | Embecta Corp. | −236,041 | 41,802 | $369,529 | |
| FLEX | Flex Ltd. | −236,027 | 104,362 | $6,831,536 | |
| GNL | Global Net Lease, Inc. | −231,164 | 124,602 | $1,166,274 | |
| RITM | Rithm Capital Corp. | −203,419 | 83,113 | $787,911 | |
| NG | Novagold Resources Inc | −200,000 | 5,176,816 | $46,487,807 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BLK | BlackRock, Inc. | 44,172 | $42,480,654 | |
| VIK | Viking Holdings Ltd | 379,119 | $27,857,664 | |
| ODV | Osisko Development Corp. | 6,400,000 | $20,800,000 | |
| VSNT | Versant Media Group, Inc. | 475,222 | $17,592,718 | |
| RVI | Robinhood Ventures Fund I | 600,000 | $15,924,000 | |
| THM | International Tower Hill Mines Ltd | 6,250,000 | $14,375,000 | |
| APC | ARKO Petroleum Corp. | 500,000 | $8,945,000 | |
| MWH | SOLV Energy, Inc. | 250,000 | $7,507,500 | |
| AGO | Assured Guaranty Ltd | 79,473 | $6,475,460 | |
| EQPT | EquipmentShare.com Inc | 300,000 | $6,111,000 | |
| INVA | Innoviva, Inc. | 200,082 | $4,661,910 | |
| PAYP | PayPay Corp | 200,000 | $4,268,000 | |
| PRA | Proassurance Corp | 168,774 | $4,172,093 | |
| CTLP | Cantaloupe, Inc. | 353,445 | $3,820,740 | |
| MDA | MDA Space Ltd. | 150,000 | $3,798,000 | |
| AGBK | AGI Inc | 500,000 | $3,635,000 | |
| GMTL | Guardian Metal Resources PLC | 150,000 | $2,622,000 | |
| PICS | PicS N.V. | 250,000 | $2,612,500 | |
| UNFI | United Natural Foods Inc | 57,714 | $2,600,592 | |
| TKR | Timken Co | 19,131 | $1,924,004 | |
| DAR | Darling Ingredients Inc. | 30,607 | $1,893,042 | |
| BC | Brunswick Corp | 22,545 | $1,640,374 | |
| BFH | Bread Financial Holdings, Inc. | 21,902 | $1,640,240 | |
| SMG | Scotts Miracle-Gro Co | 26,251 | $1,596,323 | |
| AEO | American Eagle Outfitters Inc | 93,088 | $1,554,569 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| GLD | Spdr Gold Trust | 568,900 | $225,460,759 | |
| SLV | iShares Silver Trust | 1,400,000 | $90,188,000 | |
| IAUM | iShares Gold Trust Micro | 1,300,000 | $55,887,000 | |
| B | Barrick Mining Corp | 700,000 | $30,485,000 | |
| BROS | Dutch Bros Inc. | 476,859 | $29,193,307 | |
| BL | Blackline, Inc. | 475,665 | $26,299,517 | |
| RBRK | Rubrik, Inc. | 326,438 | $24,965,978 | |
| AEM | Agnico Eagle Mines Ltd | 140,000 | $23,734,200 | |
| WPM | Wheaton Precious Metals Corp. | 184,500 | $21,682,440 | |
| EXAS | EXACT SCIENCES CORP | 204,949 | $20,814,620 | |
| RPM | Rpm International Inc/De/ | 123,825 | $12,877,800 | |
| GEN | Gen Digital Inc. | 407,000 | $11,066,330 | |
| MH | McGraw Hill, Inc. | 600,000 | $9,900,000 | |
| PINS | Pinterest, Inc. | 340,051 | $8,803,920 | |
| IT | Gartner Inc | 31,211 | $7,873,911 | |
| CVCO | Cavco Industries, Inc. | 12,355 | $7,298,592 | |
| NIQ | NIQ Global Intelligence plc | 401,952 | $6,628,188 | |
| ALH | Alliance Laundry Holdings Inc. | 300,000 | $6,105,000 | |
| HUBG | Hub Group, Inc. | 139,378 | $5,938,896 | |
| YELP | Yelp Inc | 194,495 | $5,910,703 | |
| BAM | Brookfield Asset Management Ltd. | 70,000 | $3,667,300 | |
| FLY | Firefly Aerospace Inc. | 130,831 | $2,926,689 | |
| ARX | Accelerant Holdings | 176,043 | $2,878,303 | |
| INTA | Intapp, Inc. | 58,600 | $2,685,052 | |
| VRTS | Virtus Investment Partners, Inc. | 15,982 | $2,607,463 | |
| No positions match the current search. | ||||
1,464 positions ·
$21,948,309,560 total
· 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 1,464 positions by value
· page 1 of 30
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 7,701,501 | $1,343,141,774 | 6.12% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 4,658,611 | $1,182,308,885 | 5.39% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 2,234,699 | $827,218,528 | 3.77% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 2,891,976 | $602,311,841 | 2.74% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 1,915,085 | $550,701,842 | 2.51% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 1,429,755 | $442,523,470 | 2.02% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 690,275 | $394,927,035 | 1.80% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 784,955 | $291,807,021 | 1.33% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 289,939 | $266,677,194 | 1.22% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 1,322,843 | $224,433,543 | 1.02% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 729,429 | $214,568,834 | 0.98% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 823,546 | $201,307,584 | 0.92% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 410,348 | $196,638,761 | 0.90% | |
| V |
Visa Inc.
Financial Services
|
Added | 558,754 | $168,877,808 | 0.77% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 333,230 | $166,501,701 | 0.76% | |
| NFLX |
Netflix Inc
Communication Services
|
Added | 1,690,522 | $162,543,690 | 0.74% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 1,206,883 | $149,991,419 | 0.68% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 164,382 | $143,489,047 | 0.65% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Added | 142,170 | $141,662,453 | 0.65% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Added | 954,254 | $139,588,275 | 0.64% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 954,261 | $137,833,458 | 0.63% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 1,736,130 | $132,032,686 | 0.60% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 178,829 | $126,693,193 | 0.58% | |
| GE |
General Electric Co
Industrials
|
Reduced | 421,759 | $119,682,551 | 0.55% | |
| MU |
Micron Technology Inc
Technology
|
Added | 351,288 | $118,679,137 | 0.54% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 547,533 | $116,985,900 | 0.53% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Added | 1,442,575 | $114,843,395 | 0.52% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 2,341,477 | $114,147,003 | 0.52% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Reduced | 322,475 | $106,058,802 | 0.48% | |
| AMAT |
Applied Materials Inc /De
Technology
|
Added | 307,304 | $105,033,434 | 0.48% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 1,349,530 | $104,710,032 | 0.48% | |
| C |
Citigroup Inc
Financial Services
|
Added | 897,008 | $101,729,677 | 0.46% | |
| AG |
First Majestic Silver Corp
Basic Materials
|
Reduced | 4,732,148 | $101,646,539 | 0.46% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 653,762 | $101,522,700 | 0.46% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 456,420 | $99,266,785 | 0.45% | |
| LIN |
Linde PLC
Basic Materials
|
Added | 199,537 | $98,922,463 | 0.45% | |
| MCK |
Mckesson Corp
Healthcare
|
Added | 111,943 | $96,870,994 | 0.44% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 398,350 | $96,556,056 | 0.44% | |
| INTC |
Intel Corp
Technology
|
Reduced | 2,169,961 | $95,760,378 | 0.44% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 304,232 | $94,552,263 | 0.43% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 452,316 | $93,584,180 | 0.43% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 577,652 | $92,251,024 | 0.42% | |
| EQR |
Equity Residential
Real Estate
|
Added | 1,550,713 | $91,724,673 | 0.42% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 1,790,097 | $89,862,869 | 0.41% | |
| AVB |
Avalonbay Communities Inc
Real Estate
|
Added | 541,135 | $88,394,402 | 0.40% | |
| BAP |
Credicorp Ltd
Financial Services
|
Added | 257,975 | $87,499,960 | 0.40% | |
| MELI |
Mercadolibre Inc
Consumer Cyclical
|
Added | 50,547 | $87,396,773 | 0.40% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Reduced | 420,332 | $85,508,138 | 0.39% | |
| PM |
Philip Morris International Inc.
Consumer Defensive
|
Reduced | 512,104 | $84,671,275 | 0.39% | |
| T |
At&T Inc.
Communication Services
|
Added | 2,843,501 | $82,433,093 | 0.38% |