Employees Retirement System of Texas
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Employees Retirement System of Texas reported 322 stock positions worth $9.1 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 4.6% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Nvidia (NVDA, 4.4%). Compared with Q4 2023, it opened 46 new positions, sold out of 58, added to 96 and reduced 100. The biggest buy was a new position in Colgate-Palmolive (CL) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −20%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001398739
- Portfolio Value
- $9.1B (Q1 2024)
- SEC Filing
- 0001398739-24-000006 ↗ filed May 15, 2024
Holdings Value
Holdings 322 stocks · $9.1B
| VOO Vanguard S&P 500 ETF | 4.60% | 875,100 | $420.7M | Reduce -19.6% |
| MSFT Microsoft Corp. | 4.50% | 977,785 | $411.4M | Reduce -0.3% |
| NVDA Nvidia Corp. | 4.44% | 449,011 | $405.7M | Reduce -2.6% |
| AAPL Apple Inc. | 3.79% | 2,018,000 | $346.0M | No change |
| AMZN Amazon.com Inc. | 3.58% | 1,813,707 | $327.2M | Add +7.4% |
| META Meta Platforms Inc. Class A | 2.59% | 486,538 | $236.3M | Reduce -4.3% |
| GOOG Alphabet Inc. Class C | 2.24% | 1,345,000 | $204.8M | Reduce -9.4% |
| MA Mastercard Inc. Class A | 2.00% | 379,559 | $182.8M | No change |
| XOM Exxon Mobil Corp. | 1.93% | 1,519,000 | $176.6M | Add +10.9% |
| JPM JPMorgan Chase & Co. | 1.70% | 774,370 | $155.1M | Reduce -2.4% |
| LLY Eli Lilly & Co. | 1.61% | 189,120 | $147.1M | No change |
| AVGO Broadcom Inc. | 1.49% | 102,933 | $136.4M | Reduce -1.7% |
| NOW ServiceNow Inc. | 1.20% | 143,965 | $109.8M | Reduce -13.6% |
| DGRW Wisdomtree U.S. Quality Divi | 1.19% | 1,422,300 | $108.4M | No change |
| KO The Coca-Cola Co. | 1.17% | 1,744,000 | $106.7M | Reduce -9.7% |
| PLD Prologis Inc. | 1.13% | 789,455 | $102.8M | Reduce -1.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.12% | 837,398 | $102.5M | Reduce -4.1% |
| CRM Salesforce Inc. | 1.10% | 332,880 | $100.3M | Add +9.1% |
| PH Parker Hannifin Corp. | 1.09% | 179,000 | $99.5M | Add +45.5% |
| UNH Unitedhealth Group Inc. | 0.98% | 181,870 | $90.0M | Reduce -6.4% |
| AXP American Express Co. | 0.97% | 388,000 | $88.3M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.96% | 338,800 | $88.1M | Reduce -19.5% |
| NFLX Netflix Inc. | 0.92% | 138,465 | $84.1M | Add +10.8% |
| EQIX Equinix Inc. | 0.91% | 101,000 | $83.4M | Reduce -6.5% |
| PG The Procter & Gamble Co. | 0.91% | 509,928 | $82.7M | No change |
| COST Costco Wholesale Corp. | 0.90% | 112,149 | $82.2M | No change |
| MU Micron Technology Inc. | 0.88% | 681,675 | $80.4M | Reduce -14.5% |
| MRK Merck & Co. Inc. | 0.88% | 607,424 | $80.2M | No change |
| ACN Accenture PLC Class A | 0.85% | 224,865 | $77.9M | No change |
| TDG Transdigm Group Inc. | 0.85% | 63,000 | $77.6M | Reduce -1.6% |
| AME Ametek Inc. | 0.83% | 413,044 | $75.5M | Add +36.8% |
| GOOGL Alphabet Inc. Class A | 0.82% | 499,243 | $75.4M | Reduce -1.9% |
| ETN Eaton Corp. PLC | 0.82% | 239,000 | $74.7M | No change |
| CAT Caterpillar Inc. | 0.81% | 203,200 | $74.5M | Reduce -22.5% |
| INTU Intuit Inc. | 0.81% | 114,125 | $74.2M | Add +6.9% |
| TSLA Tesla Inc. | 0.81% | 418,547 | $73.6M | Add +2.7% |
| WMT Walmart Inc. | 0.80% | 1,212,000 | $72.9M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.80% | 317,925 | $72.7M | Reduce -32.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.78% | 1,308,000 | $71.7M | Add +8.0% |
| WFC Wells Fargo & Co. | 0.78% | 1,236,300 | $71.7M | Reduce -3.7% |
| DHR Danaher Corp. | 0.78% | 284,000 | $70.9M | Add +16.4% |
| AZO AutoZone Inc. | 0.76% | 22,000 | $69.3M | No change |
| AMP Ameriprise Financial Inc. | 0.76% | 158,000 | $69.3M | No change |
| PSA Public Storage | 0.72% | 228,311 | $66.2M | Reduce -0.4% |
| PANW Palo Alto Networks Inc. | 0.72% | 232,654 | $66.1M | Reduce -12.8% |
| LPLA LPL Financial Holdings Inc. | 0.71% | 246,000 | $65.0M | No change |
| LNG Cheniere Energy Inc. | 0.69% | 392,000 | $63.2M | Add +17.4% |
| CL Colgate-Palmolive Co. | 0.68% | 685,000 | $61.7M | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.67% | 606,000 | $61.5M | No change |
| MDLZ Mondelez International Inc. Class A | 0.66% | 864,000 | $60.5M | Add +28.2% |
| MDY State Street SPDR S&P Midcap | 0.66% | 108,500 | $60.4M | No change |
| WM Waste Management Inc. | 0.65% | 278,000 | $59.3M | No change |
| DDOG Datadog Inc. Class A | 0.65% | 478,306 | $59.1M | Add +2.1% |
| LOW Lowe's Cos Inc. | 0.64% | 231,000 | $58.8M | New |
| CDNS Cadence Design SYS Inc. | 0.64% | 189,000 | $58.8M | No change |
| HIG Hartford Insurance Group Inc. | 0.64% | 569,000 | $58.6M | Add +19.5% |
| CMG Chipotle Mexican Grill Inc. | 0.64% | 20,000 | $58.1M | No change |
| FCX Freeport-McMoran Inc. | 0.62% | 1,200,850 | $56.5M | Add +3.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.61% | 223,000 | $55.8M | No change |
| ETR Entergy Corp. | 0.60% | 521,000 | $55.1M | Add +38.6% |
| ALLY Ally Financial Inc. | 0.59% | 1,333,000 | $54.1M | Add +137.9% |
| DXCM Dexcom Inc. | 0.58% | 385,000 | $53.4M | No change |
| HCA HCA Healthcare Inc. | 0.58% | 160,000 | $53.4M | No change |
| MS Morgan Stanley | 0.58% | 564,000 | $53.1M | No change |
| STZ Constellation Brands Inc. Class A | 0.58% | 194,000 | $52.7M | No change |
| TMUS T-Mobile US Inc. | 0.58% | 322,357 | $52.6M | Reduce -14.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.54% | 118,000 | $49.3M | No change |
| BSX Boston Scientific Corp. | 0.53% | 710,000 | $48.6M | No change |
| CRL Charles River Laboratories | 0.52% | 174,000 | $47.1M | New |
| NXPI NXP Semiconductors NV | 0.52% | 190,000 | $47.1M | No change |
| ICLR Icon PLC | 0.51% | 140,000 | $47.0M | Add +33.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.51% | 1,574,900 | $46.9M | Add +4.7% |
| ICE Intercontinental Exchange Inc. | 0.51% | 339,000 | $46.6M | No change |
| NI Nisource Inc. | 0.51% | 1,671,000 | $46.2M | Add +28.6% |
| H Hyatt Hotels Corp. Class A | 0.50% | 289,000 | $46.1M | New |
| ULTA Ulta Beauty Inc. | 0.50% | 87,000 | $45.5M | No change |
| ZTS Zoetis Inc. | 0.50% | 268,000 | $45.3M | New |
| NEM Newmont Corp. | 0.49% | 1,261,530 | $45.2M | Add +21.8% |
| VOYA Voya Financial Inc. | 0.49% | 604,000 | $44.6M | No change |
| MCK McKesson Corp. | 0.47% | 80,000 | $42.9M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.45% | 429,000 | $40.7M | Add +14.1% |
| FITB Fifth Third Bancorp | 0.42% | 1,034,000 | $38.5M | No change |
| ODFL Old Dominion Freight Line | 0.42% | 174,000 | $38.2M | No change |
| NOC Northrop Grumman Corp. | 0.41% | 79,000 | $37.8M | Reduce -38.8% |
| FMX Fomento Economico Mex-SP ADR | 0.41% | 287,096 | $37.4M | Reduce -3.8% |
| MSI Motorola Solutions Inc. | 0.41% | 105,000 | $37.3M | No change |
| SBAC SBA Communications Corp. | 0.37% | 158,000 | $34.2M | Add +7.5% |
| EXAS Exact Sciences Corp. | 0.37% | 491,000 | $33.9M | No change |
| ASO Academy Sports & Outdoors Inc. | 0.37% | 499,000 | $33.7M | No change |
| WEC WEC Energy Group Inc. | 0.35% | 393,000 | $32.3M | No change |
| DV Doubleverify Holdings Inc. | 0.35% | 914,000 | $32.1M | Reduce -10.6% |
| RMD Resmed Inc. | 0.34% | 158,000 | $31.3M | New |
| BMRN Biomarin Pharmaceutical Inc. | 0.33% | 344,000 | $30.0M | No change |
| O Realty Income Corp. | 0.30% | 503,183 | $27.2M | Add +42.5% |
| WELL Welltower Inc. | 0.25% | 245,000 | $22.9M | Add +32.4% |
| SPG Simon Property Group Inc. | 0.24% | 141,579 | $22.2M | Add +11.8% |
| XLF SS Financial Select Sector | 0.24% | 512,000 | $21.6M | Add +71.2% |
| DLR Digital Realty Trust Inc. | 0.23% | 146,999 | $21.2M | Add +38.7% |
| SYK Stryker Corp. | 0.22% | 56,000 | $20.0M | Reduce -60.3% |
| SHOP Shopify Inc. Class A | 0.19% | 224,643 | $17.3M | Add +157.2% |
Other holdings (6): bonds, preferreds, convertibles and warrants · $20.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | 13,040,567 | $13.7M | No change |
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | 30,300 | $2.6M | Add +19448.4% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 2,000,000 | $1.6M | No change |
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | 28,100 | $1.0M | New |
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | 17,000 | $995K | New |
| NCL CORPORATION LTD (NCLH 6 05/15/24) | NOTE 6.000% 5/1 · principal | 200,000 | $305K | No change |
Total filed on the 13F, all lines: $9.2B.
Portfolio Sells Q4 2023 → Q1 2024
| VOO Vanguard S&P 500 ETF | Reduce -19.6% | 4.60% | −0.98 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.67 |
| MCD McDonald's Corp. | Sold out | 0.00% | −0.66 |
| GWW WW Grainger Inc. | Sold out | 0.00% | −0.65 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.64 |
| MDT Medtronic PLC | Reduce -84.3% | 0.10% | −0.56 |
| PWR Quanta Services Inc. | Sold out | 0.00% | −0.48 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -32.1% | 0.80% | −0.38 |
| AEE Ameren Corporation | Sold out | 0.00% | −0.36 |
| FND Floor & Decor Holdings Inc. Class A | Sold out | 0.00% | −0.35 |
| SYY Sysco Corp. | Sold out | 0.00% | −0.35 |
| NOC Northrop Grumman Corp. | Reduce -38.8% | 0.41% | −0.30 |
| SYK Stryker Corp. | Reduce -60.3% | 0.22% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -9.4% | 2.24% | −0.22 |
| UNH Unitedhealth Group Inc. | Reduce -6.4% | 0.98% | −0.22 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -19.5% | 0.96% | −0.21 |
| PANW Palo Alto Networks Inc. | Reduce -12.8% | 0.72% | −0.20 |
| NOW ServiceNow Inc. | Reduce -13.6% | 1.20% | −0.18 |
| KO The Coca-Cola Co. | Reduce -9.7% | 1.17% | −0.17 |
| BCSF Bain Capital Specialty Finan | Reduce -56.3% | 0.10% | −0.14 |
| TMUS T-Mobile US Inc. | Reduce -14.5% | 0.58% | −0.13 |
| PLD Prologis Inc. | Reduce -1.1% | 1.13% | −0.13 |
| EQIX Equinix Inc. | Reduce -6.5% | 0.91% | −0.11 |
| INVH Invitation Homes Inc. | Sold out | 0.00% | −0.10 |
| PSA Public Storage | Reduce -0.4% | 0.72% | −0.10 |
| CAT Caterpillar Inc. | Reduce -22.5% | 0.81% | −0.10 |
| DV Doubleverify Holdings Inc. | Reduce -10.6% | 0.35% | −0.09 |
| CNQ Canadian Natural Resources | Reduce -73.4% | 0.03% | −0.08 |
| CVS CVS Health Corp. | Reduce -39.7% | 0.08% | −0.06 |
| EXR Extra Space Storage Inc. | Reduce -19.3% | 0.13% | −0.06 |
| BP BP PLC-Spons ADR | Reduce -31.8% | 0.13% | −0.06 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.06 |
| C Citigroup Inc. | Reduce -39.7% | 0.13% | −0.06 |
| FLG New York Community Bancorp | Sold out | 0.00% | −0.06 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.05 |
| UDR Udr Inc. | Reduce -47.7% | 0.05% | −0.05 |
| PDD PDD Holdings Inc. | Reduce -71.7% | 0.01% | −0.05 |
| CUZ Cousins Properties Inc. | Sold out | 0.00% | −0.05 |
| FMX Fomento Economico Mex-SP ADR | Reduce -3.8% | 0.41% | −0.05 |
| GPN Global Payments Inc. | Reduce -39.8% | 0.07% | −0.05 |
| WTW Willis Towers Watson PLC | Reduce -32.5% | 0.11% | −0.04 |
| FMC FMC Corp. | Reduce -39.7% | 0.05% | −0.04 |
| OHI Omega Healthcare Investors | Sold out | 0.00% | −0.04 |
| GTY Getty Realty Corp. | Sold out | 0.00% | −0.04 |
| KR Kroger Co. | Reduce -39.7% | 0.09% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -45.6% | 0.06% | −0.04 |
| WPC WP Carey Inc. | Sold out | 0.00% | −0.04 |
| PHYSICIANS REALTY TRUST | Sold out | 0.00% | −0.04 |
| SHEL Shell PLC-ADR | Reduce -39.7% | 0.05% | −0.04 |
| TRNO Terreno Realty Corp. | Reduce -50.0% | 0.03% | −0.03 |
Portfolio Buys Q4 2023 → Q1 2024
| CL Colgate-Palmolive Co. | New | 0.68% | +0.68 |
| LOW Lowe's Cos Inc. | New | 0.64% | +0.64 |
| AMZN Amazon.com Inc. | Add +7.4% | 3.58% | +0.57 |
| CRL Charles River Laboratories | New | 0.52% | +0.52 |
| H Hyatt Hotels Corp. Class A | New | 0.50% | +0.50 |
| ZTS Zoetis Inc. | New | 0.50% | +0.50 |
| PH Parker Hannifin Corp. | Add +45.5% | 1.09% | +0.42 |
| ALLY Ally Financial Inc. | Add +137.9% | 0.59% | +0.36 |
| RMD Resmed Inc. | New | 0.34% | +0.34 |
| XOM Exxon Mobil Corp. | Add +10.9% | 1.93% | +0.32 |
| AME Ametek Inc. | Add +36.8% | 0.83% | +0.24 |
| NFLX Netflix Inc. | Add +10.8% | 0.92% | +0.21 |
| HIG Hartford Insurance Group Inc. | Add +19.5% | 0.64% | +0.19 |
| ICLR Icon PLC | Add +33.3% | 0.51% | +0.17 |
| ETR Entergy Corp. | Add +38.6% | 0.60% | +0.16 |
| CRM Salesforce Inc. | Add +9.1% | 1.10% | +0.15 |
| DHR Danaher Corp. | Add +16.4% | 0.78% | +0.11 |
| SHOP Shopify Inc. Class A | Add +157.2% | 0.19% | +0.11 |
| XLF SS Financial Select Sector | Add +71.2% | 0.24% | +0.10 |
| AMH American Homes 4 Rent- A | Add +170.0% | 0.17% | +0.10 |
| NI Nisource Inc. | Add +28.6% | 0.51% | +0.10 |
| MDLZ Mondelez International Inc. Class A | Add +28.2% | 0.66% | +0.09 |
| AVB Avalonbay Communities Inc. | Add +103.0% | 0.18% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.08% | +0.08 |
| DLR Digital Realty Trust Inc. | Add +38.7% | 0.23% | +0.06 |
| O Realty Income Corp. | Add +42.5% | 0.30% | +0.06 |
| SMCI Super Micro Computer Inc. | New | 0.06% | +0.06 |
| WELL Welltower Inc. | Add +32.4% | 0.25% | +0.05 |
| EGP Eastgroup Properties Inc. | New | 0.05% | +0.05 |
| XBI SS SPDR S&P Biotech ETF | Add +14.1% | 0.45% | +0.05 |
| TTD Trade Desk Inc./the Class A | Add +91.1% | 0.09% | +0.05 |
| SLB SLB Ltd. | Add +8.0% | 0.78% | +0.04 |
| KKR KKR & Co. Inc. | New | 0.04% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +37.3% | 0.10% | +0.04 |
| HIW Highwoods Properties Inc. | New | 0.04% | +0.04 |
| FCX Freeport-McMoran Inc. | Add +3.6% | 0.62% | +0.04 |
| CUBE Cubesmart | New | 0.04% | +0.04 |
| DOC Healthpeak Properties Inc. | Add +62.8% | 0.12% | +0.04 |
| SIMO Silicon Motion Technol-ADR | Add +1481.7% | 0.04% | +0.04 |
| ANET Arista Networks Inc. | New | 0.03% | +0.03 |
| DASH DoorDash Inc. Class A | Add +106.1% | 0.06% | +0.03 |
| APLE Apple Hospitality REIT Inc. | New | 0.03% | +0.03 |
| SBRA Sabra Health Care REIT Inc. | Add +201.6% | 0.05% | +0.03 |
| SPG Simon Property Group Inc. | Add +11.8% | 0.24% | +0.03 |
| CEG Constellation Energy | New | 0.03% | +0.03 |
| SPOT Spotify Technology SA | New | 0.03% | +0.03 |
| INTU Intuit Inc. | Add +6.9% | 0.81% | +0.03 |
| BRX Brixmor Property Group Inc. | Add +132.6% | 0.05% | +0.03 |
| SKT Tanger Inc. | New | 0.03% | +0.03 |
| PM Philip Morris International | New | 0.03% | +0.03 |
Notes & Other Activity Q4 2023 → Q1 2024
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | Add +19448.4% | 30,300 | $2.6M |
| SPHY SS SPDR P High Yield ETF | ST PORT HIGH ETF · principal | Sold out | 50,000 | $1.2Mbefore exit |
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | New | 28,100 | $1.0M |
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | New | 17,000 | $995K |
| JBBB Janus Henderson B-BBB Clo Et | B-BBB CLO ETF · principal | Sold out | 10,000 | $480Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 507 | $10.8B | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q1 2026 | 489 | $9.6B | NVDA, AAPL, MSFT, AMZN, IAU |
| Q4 2025 | 492 | $10.5B | MSFT, NVDA, AAPL, AMZN, GOOG |
| Q3 2025 | 503 | $10.6B | NVDA, MSFT, AAPL, AMZN, VEA |
| Q2 2025 | 519 | $10.4B | MSFT, NVDA, AAPL, AMZN, VEA |
| Q1 2025 | 259 | $9.1B | MSFT, RSP, AAPL, NVDA, AMZN |
| Q4 2024Amended | 305 | $10.0B | NVDA, AAPL, MSFT, AMZN, RSP |
| Q3 2024 | 329 | $9.8B | NVDA, AAPL, MSFT, RSP, AMZN |
| Q2 2024 | 310 | $9.1B | NVDA, AAPL, MSFT, AMZN, GOOG |
| Q1 2024 | 322 | $9.1B | VOO, MSFT, NVDA, AAPL, AMZN |