TEACHER RETIREMENT SYSTEM OF TEXAS
Benefit planFiling Date
Global Rank
#232
/ 8,820
▲ 45
Top Industry
Semiconductors
12.1%
Period ended 4 months ago
Filed Aug 14, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Benefit plan
Schedule 13G, Aug 12, 2026
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 43.0%, 28.6 effective positions, active share 34.3% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Medium turnover
39.5% over the last four quarters (30% to under 100%)
Horizon
Long horizon
Value-weighted holding period 20.4 quarters (12+), a floor since 55.4% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 34.3%; sector active share 10.1% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,510 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
14.8%
+9.2 pts
Top 5
33.7%
+12.9 pts
Top 10
43.0%
+12.6 pts
HHI
350
Diversified+219
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 24.8% | $9,238,366,651 |
| Unclassified | 17.2% | $6,417,186,884 |
| Industrials | 14.7% | $5,470,642,263 |
| Financial Services | 9.9% | $3,687,922,724 |
| Consumer Cyclical | 8.1% | $2,999,531,670 |
| Healthcare | 6.9% | $2,568,811,163 |
| Communication Services | 6.7% | $2,496,609,059 |
| Consumer Defensive | 3.8% | $1,429,155,109 |
| Real Estate | 2.5% | $938,146,344 |
| Energy | 1.9% | $717,168,677 |
| Basic Materials | 1.9% | $692,070,990 |
| Utilities | 1.6% | $603,715,402 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VOO | VANGUARD 500 INDEX FUND | +6,915,454 | 7,762,285 | $5,331,214,960 | |
| CEG | Constellation Energy Corp | +1,364,652 | 1,419,507 | $352,562,953 | |
| VICI | Vici Properties Inc. | +733,595 | 749,415 | $19,896,968 | |
| AAPL | Apple Inc. | +619,782 | 5,278,393 | $1,527,355,798 | |
| TBBB | Bbb Foods Inc | +618,000 | 1,718,495 | $71,609,686 | |
| FTI | TechnipFMC plc | +551,817 | 624,854 | $41,427,820 | |
| AMZN | Amazon Com Inc | +506,713 | 3,398,689 | $810,043,536 | |
| NVDA | Nvidia Corp | +498,389 | 8,199,890 | $1,640,715,990 | |
| BKNG | Booking Holdings Inc. | +480,417 | 497,604 | $88,692,936 | |
| KLAC | Kla Corp | +445,976 | 499,596 | $150,733,109 | |
| PFE | Pfizer Inc | +438,956 | 1,908,608 | $45,959,280 | |
| CNC | Centene Corp | +405,434 | 566,947 | $36,392,327 | |
| CMG | Chipotle Mexican Grill Inc | +376,621 | 612,119 | $20,812,046 | |
| WMT | Walmart Inc. | +373,798 | 1,580,681 | $179,027,930 | |
| BSX | Boston Scientific Corp | +308,023 | 743,821 | $31,746,280 | |
| A | Agilent Technologies, Inc. | +306,526 | 313,662 | $41,663,723 | |
| — | +284,293 | 319,295 | $8,512,404 | ||
| DIS | Walt Disney Co | +280,543 | 598,504 | $57,606,010 | |
| MSFT | Microsoft Corp | +265,892 | 2,500,591 | $932,770,454 | |
| LKQ | Lkq Corp | +241,625 | 264,900 | $6,974,817 | |
| VSNT | Versant Media Group, Inc. | +231,574 | 706,796 | $25,451,723 | |
| SSNC | SS&C Technologies Holdings Inc | +220,649 | 223,937 | $13,895,290 | |
| WWW | Wolverine World Wide Inc | +215,971 | 265,331 | $4,385,921 | |
| GOOGL | Alphabet Inc. | +207,390 | 2,122,475 | $758,508,890 | |
| MDT | Medtronic plc | +202,821 | 311,339 | $24,356,049 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AG | First Majestic Silver Corp | −2,079,000 | 2,653,148 | $44,997,390 | |
| PEGA | Pegasystems Inc | −1,378,904 | 17,117 | $512,996 | |
| F | Ford Motor Co | −1,225,435 | 1,349,323 | $18,755,589 | |
| INTC | Intel Corp | −691,817 | 1,478,144 | $206,393,246 | |
| APG | APi Group Corp | −562,168 | 795,572 | $33,692,474 | |
| AMX | America Movil Sab De CV | −470,000 | 2,200,300 | $57,185,797 | |
| EMXC | iShares MSCI Emerging Markets ex China ETF | −424,671 | 2,579,723 | $263,905,662 | |
| WMB | Williams Companies, Inc. | −340,914 | 696,458 | $51,774,687 | |
| NOW | ServiceNow, Inc. | −312,043 | 333,247 | $33,084,762 | |
| HPQ | Hp Inc | −297,958 | 432,586 | $9,490,936 | |
| NRG | Nrg Energy, Inc. | −283,600 | 1,367 | $199,664 | |
| MNST | Monster Beverage Corp | −270,860 | 447,860 | $43,048,303 | |
| INVH | Invitation Homes Inc. | −251,327 | 146,528 | $4,426,610 | |
| RVI | Robinhood Ventures Fund I | −250,000 | 350,000 | $11,473,000 | |
| ROL | Rollins Inc | −240,774 | 197,985 | $8,263,893 | |
| CBRE | Cbre Group, Inc. | −233,148 | 91,134 | $12,274,838 | |
| PFG | Principal Financial Group Inc | −228,063 | 222,530 | $23,984,283 | |
| OTIS | Otis Worldwide Corp | −199,206 | 249,147 | $17,838,925 | |
| SBH | Sally Beauty Holdings, Inc. | −192,948 | 165,288 | $2,337,172 | |
| MRTN | Marten Transport Ltd | −183,783 | 363,027 | $6,298,518 | |
| CTVA | Corteva, Inc. | −178,101 | 148,698 | $12,593,233 | |
| VMRK | Vivmark Residential | −175,679 | 1,375,034 | $93,406,059 | |
| ANET | Arista Networks, Inc. | −174,330 | 411,317 | $69,874,531 | |
| EBAY | Ebay Inc | −166,162 | 316,638 | $35,384,296 | |
| CBOE | Cboe Global Markets, Inc. | −165,910 | 25,195 | $6,114,070 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPCX | Space Exploration Technologies Corp | 14,957,447 | $2,555,629,394 | |
| PSUS | Pershing Square USA, Ltd. | 10,270,000 | $383,892,600 | |
| PS | Pershing Square Inc. | 3,054,000 | $100,354,440 | |
| HONA | Honeywell Aerospace Inc. | 215,433 | $47,627,927 | |
| FDXF | FedEx Freight Holding Company, Inc. | 302,887 | $45,735,937 | |
| VGNT | Versigent PLC | 821,742 | $34,521,381 | |
| RBRK | Rubrik, Inc. | 237,720 | $19,084,161 | |
| ICLR | Icon PLC | 97,118 | $16,870,367 | |
| BXDC | Blackstone Digital Infrastructure Trust Inc. | 606,000 | $13,107,780 | |
| SSMR | Sunshine Silver Mining & Refining Co | 800,000 | $10,576,000 | |
| GMRS | GMR Solutions Inc. | 575,000 | $8,889,500 | |
| VCTR | Victory Capital Holdings, Inc. | 73,491 | $6,177,653 | |
| REG | Regency Centers Corp | 76,274 | $6,082,088 | |
| LFTO | Liftoff Mobile, Inc. | 200,000 | $4,804,000 | |
| LZB | La-Z-Boy Inc | 115,030 | $4,615,003 | |
| GEN | Gen Digital Inc. | 163,238 | $4,062,993 | |
| FRBT | Forbright, Inc. | 220,000 | $4,023,800 | |
| MAIR | Madison Air Solutions Corp | 100,000 | $3,900,000 | |
| NPKI | NPK International Inc. | 217,565 | $3,461,459 | |
| INIO | Innio N.V. | 80,000 | $3,164,000 | |
| CXW | CoreCivic, Inc. | 97,707 | $2,968,338 | |
| SIND | Sinda Ltd. | 200,000 | $2,400,000 | |
| GEO | Geo Group Inc | 77,716 | $2,296,507 | |
| WHK | WhiteHawk Minerals Corp. | 75,000 | $2,086,500 | |
| FRVO | Fervo Energy Co | 70,000 | $2,046,100 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CERT | Certara, Inc. | 2,960,963 | $16,877,489 | |
| UAL | United Airlines Holdings, Inc. | 182,100 | $16,765,947 | |
| DAL | Delta Air Lines, Inc. | 207,409 | $13,788,550 | |
| CLX | Clorox Co | 86,525 | $8,966,585 | |
| AUNA | Auna S.A. | 1,584,000 | $8,727,840 | |
| MWH | SOLV Energy, Inc. | 250,000 | $7,507,500 | |
| CDW | CDW Corp | 60,700 | $7,345,914 | |
| VRSK | Verisk Analytics, Inc. | 38,409 | $7,288,107 | |
| TDS | Telephone & Data Systems Inc | 146,013 | $6,147,147 | |
| EQPT | EquipmentShare.com Inc | 300,000 | $6,111,000 | |
| CPRT | Copart Inc | 163,787 | $5,437,728 | |
| SUI | Sun Communities Inc | 40,586 | $5,112,212 | |
| WDAY | Workday, Inc. | 37,962 | $4,932,023 | |
| APTV | Aptiv PLC | 62,802 | $4,360,970 | |
| — | 168,774 | $4,172,094 | ||
| — | 353,445 | $3,820,740 | ||
| MKL | Markel Group Inc. | 1,744 | $3,338,137 | |
| MBC | MasterBrand, Inc. | 299,995 | $2,492,958 | |
| HOV | Hovnanian Enterprises Inc | 22,452 | $2,490,151 | |
| XPO | XPO, Inc. | 12,432 | $2,418,645 | |
| FN | Fabrinet | 4,200 | $2,190,384 | |
| — | 39,169 | $1,830,367 | ||
| SKYW | Skywest Inc | 16,897 | $1,551,651 | |
| TPB | Turning Point Brands, Inc. | 16,785 | $1,456,770 | |
| — | 30,608 | $1,287,066 | ||
| No positions match the current search. | ||||
1,510 tracked positions ·
$37,259,326,936 total
· filing declares
1,510 positions · $37,258,757
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,510 positions by value
· page 1 of 31
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VOO |
VANGUARD 500 INDEX FUND
|
Added | 7,762,285 | $5,331,214,960 | 14.31% | |
| SPCX |
Space Exploration Technologies Corp
Industrials
|
NEW | 14,957,447 | $2,555,629,394 | 6.86% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 8,199,890 | $1,640,715,990 | 4.40% | |
| AAPL |
Apple Inc.
Technology
|
Added | 5,278,393 | $1,527,355,798 | 4.10% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 2,500,591 | $932,770,454 | 2.50% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 3,398,689 | $810,043,536 | 2.17% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 2,122,475 | $758,508,890 | 2.04% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 1,591,945 | $601,357,223 | 1.61% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Added | 1,622,321 | $573,214,678 | 1.54% | |
| IVV |
iShares Core S&P 500 ETF
|
Held | 632,560 | $473,717,858 | 1.27% | |
| MU |
Micron Technology Inc
Technology
|
Added | 398,575 | $460,071,136 | 1.23% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 802,424 | $451,997,414 | 1.21% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 915,687 | $385,137,952 | 1.03% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 320,915 | $384,915,110 | 1.03% | |
| PSUS |
Pershing Square USA, Ltd.
Financial Services
|
NEW | 10,270,000 | $383,892,600 | 1.03% | |
| CEG |
Constellation Energy Corp
Utilities
|
Added | 1,419,507 | $352,562,953 | 0.95% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 567,313 | $329,557,794 | 0.88% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 910,802 | $298,132,818 | 0.80% | |
| EMXC |
iShares MSCI Emerging Markets ex China ETF
|
Reduced | 2,579,723 | $263,905,662 | 0.71% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 502,536 | $251,463,989 | 0.67% | |
| AMAT |
Applied Materials Inc
Technology
|
Added | 342,976 | $247,971,648 | 0.67% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 912,334 | $231,705,465 | 0.62% | |
| V |
Visa Inc.
Financial Services
|
Added | 650,316 | $223,116,916 | 0.60% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 485,939 | $210,571,946 | 0.57% | |
| INTC |
Intel Corp
Technology
|
Reduced | 1,478,144 | $206,393,246 | 0.55% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Added | 1,497,728 | $204,769,372 | 0.55% | |
| CAT |
Caterpillar Inc
Industrials
|
Added | 189,582 | $201,885,871 | 0.54% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 373,334 | $191,744,342 | 0.51% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 1,580,681 | $179,027,930 | 0.48% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 1,501,542 | $176,371,123 | 0.47% | |
| IJR |
iShares Core S&P Small-Cap ETF
|
Held | 1,185,799 | $175,865,849 | 0.47% | |
| VB |
Vanguard Index Funds
|
Held | 567,165 | $171,919,054 | 0.46% | |
| GEV |
GE Vernova Inc.
Industrials
|
Reduced | 143,189 | $168,227,028 | 0.45% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Added | 175,128 | $163,826,990 | 0.44% | |
| KLAC |
Kla Corp
Technology
|
Added | 499,596 | $150,733,109 | 0.40% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 412,326 | $145,419,133 | 0.39% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 987,045 | $144,740,278 | 0.39% | |
| UNH |
Unitedhealth Group Inc
Healthcare
|
Added | 345,085 | $143,427,678 | 0.38% | |
| GE |
General Electric Co
Industrials
|
Reduced | 370,794 | $138,576,841 | 0.37% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 2,393,625 | $136,388,752 | 0.37% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Reduced | 1,640,629 | $133,333,918 | 0.36% | |
| C |
Citigroup Inc
Financial Services
|
Added | 912,002 | $127,643,799 | 0.34% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 500,373 | $125,913,861 | 0.34% | |
| STX |
Seagate Technology Holdings plc
Technology
|
Reduced | 129,005 | $124,489,825 | 0.33% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 1,633,499 | $116,631,828 | 0.31% | |
| TXN |
Texas Instruments Inc
Technology
|
Added | 376,664 | $112,272,238 | 0.30% | |
| WFC |
Wells Fargo & Company
Financial Services
|
Reduced | 1,357,939 | $112,220,078 | 0.30% | |
| CVX |
Chevron Corp
Energy
|
Added | 646,010 | $107,082,617 | 0.29% | |
|
|
Added | 557,912 | $105,272,444 | 0.28% | ||
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 889,645 | $103,794,882 | 0.28% |
Showing the top 50 of 1,510 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
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.