Employees' Retirement Fund of the City of Fort Worth
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed December 18, 2025), Employees' Retirement Fund of the City of Fort Worth reported 19 stock positions worth $213.9 million. Its top holding was Vanguard Long-Term Corp. Bond (VCLT) at 17.6% of the portfolio, followed by Vanguard S/T Corp. Bond ETF (VCSH, 9.9%) and Vanguard Mortgage-Backed Sec (VMBS, 9.2%). Compared with Q2 2025, it opened 6 new positions, added to 5 and reduced 7. The biggest buy was iShares Global Infrastructur (IGF, shares +541%) and the biggest sale Vaneck Morningstar Wide Moat (MOAT, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001986812
- Portfolio Value
- $213.9M (Q3 2025)
- SEC Filing
- 0001986812-25-000013 ↗ filed Dec 18, 2025
Holdings Value
Holdings 19 stocks · $213.9M
| VCLT Vanguard Long-Term Corp. Bond | 17.58% | 484,100 | $37.6M | Add +16.2% |
| VCSH Vanguard S/T Corp. Bond ETF | 9.92% | 265,464 | $21.2M | Add +31.3% |
| VMBS Vanguard Mortgage-Backed Sec | 9.18% | 418,200 | $19.6M | Add +109.1% |
| SJNK SS SPDR BB St Hi Yield ETF | 8.70% | 726,800 | $18.6M | No change |
| IGF iShares Global Infrastructur | 8.46% | 296,200 | $18.1M | Add +541.1% |
| VYM Vanguard High DVD Yield ETF | 7.03% | 106,603 | $15.0M | Reduce -9.2% |
| MOAT Vaneck Morningstar Wide Moat | 5.51% | 118,874 | $11.8M | Reduce -82.0% |
| VYMI Vanguard Int High DVD YLD Inc. | 4.44% | 112,200 | $9.5M | New |
| IMCG iShares Morningstar Mid-Cap | 4.35% | 112,400 | $9.3M | Reduce -8.6% |
| IQLT iShares MSCI International Q | 4.32% | 208,900 | $9.2M | Reduce -61.1% |
| VIGI Vanguard Int Div App Indx FD | 4.19% | 100,000 | $9.0M | New |
| VNQ Vanguard Real Estate ETF | 3.55% | 83,000 | $7.6M | New |
| VWO Vanguard Ftse Emerging Marke | 2.30% | 90,800 | $4.9M | New |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.23% | 22,900 | $4.8M | Reduce -2.1% |
| VEA Vanguard Ftse Developed ETF | 2.22% | 79,100 | $4.7M | New |
| XSHQ Invesco S&P Smallcap Quality | 2.21% | 109,900 | $4.7M | Add +119.8% |
| EEMS iShares MSCI Emerging MKT SM | 2.20% | 69,394 | $4.7M | Reduce -76.0% |
| MGMT Ballast Small/Mid Cap ETF | 1.17% | 56,800 | $2.5M | New |
| VIG Vanguard Dividend Apprec ETF | 0.45% | 4,451 | $960K | Reduce -94.3% |
Portfolio Sells Q2 2025 → Q3 2025
| MOAT Vaneck Morningstar Wide Moat | Reduce -82.0% | 5.51% | −21.09 |
| VIG Vanguard Dividend Apprec ETF | Reduce -94.3% | 0.45% | −6.47 |
| IQLT iShares MSCI International Q | Reduce -61.1% | 4.32% | −5.42 |
| EEMS iShares MSCI Emerging MKT SM | Reduce -76.0% | 2.20% | −5.13 |
| VYM Vanguard High DVD Yield ETF | Reduce -9.2% | 7.03% | +0.11 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -2.1% | 2.23% | +0.15 |
| IMCG iShares Morningstar Mid-Cap | Reduce -8.6% | 4.35% | +0.33 |
Portfolio Buys Q2 2025 → Q3 2025
| IGF iShares Global Infrastructur | Add +541.1% | 8.46% | +7.31 |
| VMBS Vanguard Mortgage-Backed Sec | Add +109.1% | 9.18% | +4.95 |
| VYMI Vanguard Int High DVD YLD Inc. | New | 4.44% | +4.44 |
| VIGI Vanguard Int Div App Indx FD | New | 4.19% | +4.19 |
| VNQ Vanguard Real Estate ETF | New | 3.55% | +3.55 |
| VCLT Vanguard Long-Term Corp. Bond | Add +16.2% | 17.58% | +3.13 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +31.3% | 9.92% | +2.63 |
| VWO Vanguard Ftse Emerging Marke | New | 2.30% | +2.30 |
| VEA Vanguard Ftse Developed ETF | New | 2.22% | +2.22 |
| XSHQ Invesco S&P Smallcap Quality | Add +119.8% | 2.21% | +1.28 |
| MGMT Ballast Small/Mid Cap ETF | New | 1.17% | +1.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $280.1M | VCLT, VMBS, VNQ, VCSH, IGF |
| Q1 2026 | 21 | $230.4M | VCLT, VMBS, IGF, VCSH, SJNK |
| Q4 2025 | 20 | $223.5M | VCLT, VMBS, IGF, VCSH, SJNK |
| Q3 2025Amended | 19 | $213.9M | VCLT, VCSH, VMBS, SJNK, IGF |
| Q2 2025 | 13 | $218.9M | MOAT, VCLT, IQLT, SJNK, EEMS |
| Q1 2025 | 10 | $203.1M | MOAT, VCLT, IQLT, SJNK, EEMS |
| Q4 2024 | 11 | $214.4M | MOAT, VCLT, IQLT, SJNK, EEMS |
| Q3 2024 | 10 | $219.2M | MOAT, VCSH, IQLT, VCLT, SJNK |
| Q2 2024 | 12 | $230.4M | MOAT, VCSH, IQLT, VCLT, SJNK |
| Q1 2024 | 13 | $537.5M | VTI, VTV, MOAT, IQLT, VCSH |