Employees' Retirement Fund of the City of Fort Worth
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Employees' Retirement Fund of the City of Fort Worth reported 20 stock positions worth $223.5 million. Its top holding was Vanguard Long-Term Corp. Bond (VCLT) at 15.7% of the portfolio, followed by Vanguard Mortgage-Backed Sec (VMBS, 11.2%) and iShares Global Infrastructur (IGF, 8.1%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 3 and reduced 8. The biggest buy was a new position in Dimensional International (DFAI) and the biggest sale an exit from Vanguard Int Div App Indx FD (VIGI).
- Most Recent 13F
- Q2 2026
- Location
- FORT WORTH, TX
- CIK
- 0001986812
- Portfolio Value
- $223.5M (Q4 2025)
- SEC Filing
- 0001986812-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 20 stocks · $223.5M
| VCLT Vanguard Long-Term Corp. Bond | 15.67% | 461,600 | $35.0M | Reduce -4.7% |
| VMBS Vanguard Mortgage-Backed Sec | 11.20% | 531,600 | $25.0M | Add +27.1% |
| IGF iShares Global Infrastructur | 8.13% | 296,200 | $18.2M | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 8.07% | 226,264 | $18.0M | Reduce -14.8% |
| SJNK SS SPDR BB St Hi Yield ETF | 6.73% | 593,800 | $15.0M | Reduce -18.3% |
| DFAI Dimensional International Co. | 6.02% | 352,800 | $13.4M | New |
| CLOI Vaneck Clo ETF | 5.36% | 226,600 | $12.0M | New |
| MOAT Vaneck Morningstar Wide Moat | 5.01% | 108,074 | $11.2M | Reduce -9.1% |
| IQLT iShares MSCI International Q | 4.25% | 208,900 | $9.5M | No change |
| VEA Vanguard Ftse Developed ETF | 4.03% | 144,100 | $9.0M | Add +82.2% |
| VYMI Vanguard Int High DVD YLD Inc. | 4.03% | 100,000 | $9.0M | Reduce -10.9% |
| VYM Vanguard High DVD Yield ETF | 4.00% | 62,303 | $8.9M | Reduce -41.6% |
| VIG Vanguard Dividend Apprec ETF | 4.00% | 40,651 | $8.9M | Add +813.3% |
| VNQ Vanguard Real Estate ETF | 3.29% | 83,000 | $7.3M | No change |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.17% | 22,900 | $4.8M | No change |
| DFAE Dimensional Emerging Core Eq | 2.03% | 139,300 | $4.5M | New |
| VWO Vanguard Ftse Emerging Marke | 2.02% | 84,100 | $4.5M | Reduce -7.4% |
| IMCG iShares Morningstar Mid-Cap | 1.98% | 55,500 | $4.4M | Reduce -50.6% |
| MGMT Ballast Small/Mid Cap ETF | 1.13% | 56,800 | $2.5M | No change |
| CLOB Vaneck Aa-BB Clo ETF | 0.89% | 39,200 | $2.0M | New |
Portfolio Sells Q3 2025 → Q4 2025
| VIGI Vanguard Int Div App Indx FD | Sold out | 0.00% | −4.19 |
| VYM Vanguard High DVD Yield ETF | Reduce -41.6% | 4.00% | −3.02 |
| IMCG iShares Morningstar Mid-Cap | Reduce -50.6% | 1.98% | −2.36 |
| XSHQ Invesco S&P Smallcap Quality | Sold out | 0.00% | −2.21 |
| EEMS iShares MSCI Emerging MKT SM | Sold out | 0.00% | −2.20 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -18.3% | 6.73% | −1.97 |
| VCLT Vanguard Long-Term Corp. Bond | Reduce -4.7% | 15.67% | −1.91 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -14.8% | 8.07% | −1.85 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -9.1% | 5.01% | −0.50 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -10.9% | 4.03% | −0.41 |
| VWO Vanguard Ftse Emerging Marke | Reduce -7.4% | 2.02% | −0.28 |
Portfolio Buys Q3 2025 → Q4 2025
| DFAI Dimensional International Co. | New | 6.02% | +6.02 |
| CLOI Vaneck Clo ETF | New | 5.36% | +5.36 |
| VIG Vanguard Dividend Apprec ETF | Add +813.3% | 4.00% | +3.55 |
| DFAE Dimensional Emerging Core Eq | New | 2.03% | +2.03 |
| VMBS Vanguard Mortgage-Backed Sec | Add +27.1% | 11.20% | +2.02 |
| VEA Vanguard Ftse Developed ETF | Add +82.2% | 4.03% | +1.81 |
| CLOB Vaneck Aa-BB Clo ETF | New | 0.89% | +0.89 |
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 |