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

0$5.0B$10.0B$15.0B Q1 2024: $9.1B $9.1B Q1 2024 Q2 2024: $9.1B Q2 2024 Q3 2024: $9.8B Q3 2024 Q4 2024: $10.0B Q4 2024 Q1 2025: $9.1B Q1 2025 Q2 2025: $10.4B Q2 2025 Q3 2025: $10.6B Q3 2025 Q4 2025: $10.5B Q4 2025 Q1 2026: $9.6B Q1 2026 Q2 2026: $10.8B Q2 2026

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%
AVB Avalonbay Communities Inc. 0.18% 86,700 $16.1M Add +103.0%
AMH American Homes 4 Rent- A 0.17% 416,565 $15.3M Add +170.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.16% 237,020 $15.0M Add +8.2%
ARE Alexandria Real Estate Equit 0.15% 103,000 $13.3M Add +18.4%
VTR Ventas Inc. 0.14% 283,399 $12.3M Add +24.1%
EXR Extra Space Storage Inc. 0.13% 83,745 $12.3M Reduce -19.3%
BP BP PLC-Spons ADR 0.13% 306,102 $11.5M Reduce -31.8%
C Citigroup Inc. 0.13% 182,330 $11.5M Reduce -39.7%
LRCX Lam Research Corp. 0.12% 11,689 $11.4M Reduce -18.3%
DOC Healthpeak Properties Inc. 0.12% 586,712 $11.0M Add +62.8%
CB Chubb Ltd. 0.11% 39,604 $10.3M Reduce -8.2%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.11% 113,352 $10.1M No change
VEA Vanguard Ftse Developed ETF 0.11% 200,000 $10.0M No change
WTW Willis Towers Watson PLC 0.11% 35,940 $9.9M Reduce -32.5%
BCSF Bain Capital Specialty Finan 0.10% 606,941 $9.5M Reduce -56.3%
HST Host Hotels & Resorts Inc. 0.10% 456,000 $9.4M Add +25.8%
MDT Medtronic PLC 0.10% 107,848 $9.4M Reduce -84.3%
ASML ASML Holding NV-NY Reg SHS 0.10% 9,398 $9.1M Add +37.3%
FET Forum Energy Technologies Inc. 0.10% 441,787 $8.8M No change
KR Kroger Co. 0.09% 146,250 $8.4M Reduce -39.7%
EG Everest Group Ltd. 0.09% 20,743 $8.2M No change
APP AppLovin Corp. Class A 0.09% 119,022 $8.2M Reduce -6.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.09% 93,352 $8.2M Add +91.1%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.09% 62,000 $8.0M Reduce -15.1%
REXR Rexford Industrial Realty Inc. 0.09% 155,000 $7.8M Add +19.2%
KIM Kimco Realty Corp. 0.08% 392,556 $7.7M Add +66.7%
STLA Stellantis NV 0.08% 269,294 $7.6M Reduce -0.4%
GM General Motors Co. 0.08% 166,600 $7.6M Reduce -27.2%
CVS CVS Health Corp. 0.08% 92,640 $7.4M Reduce -39.7%
AMD Advanced Micro Devices 0.08% 40,767 $7.4M Add +7.0%
ESS Essex Property Trust Inc. 0.08% 30,000 $7.3M Add +30.4%
AER Aercap Holdings NV 0.08% 84,224 $7.3M Reduce -22.0%
GLPI Gaming and Leisure Propertie 0.08% 156,164 $7.2M No change
GSK GSK PLC-Spon ADR 0.08% 167,711 $7.2M Reduce -27.2%
MAA Mid-America Apartment Comm 0.08% 54,477 $7.2M Reduce -20.4%
CHKP Check Point Software Tech 0.08% 42,530 $7.0M No change
NVO Novo-Nordisk A/S-Spons ADR 0.08% 53,901 $6.9M New
COLD Americold Realty Trust Inc. 0.08% 275,868 $6.9M Add +40.8%
ARM Arm Holdings PLC-ADR 0.07% 54,097 $6.8M Reduce -26.9%
NNN NNN REIT Inc. 0.07% 158,000 $6.8M Reduce -0.6%
NRG NRG Energy Inc. 0.07% 96,610 $6.5M Reduce -39.7%
UBER Uber Technologies Inc. 0.07% 83,251 $6.4M Add +21.5%
PBR Petroleo Brasileiro-Spon ADR 0.07% 421,254 $6.4M Add +1.0%
GPN Global Payments Inc. 0.07% 44,480 $5.9M Reduce -39.8%
BCS Barclays PLC-Spons ADR 0.06% 625,101 $5.9M Add +46.1%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 491,186 $5.9M Add +20.9%
HDB HDFC Bank Ltd.-ADR 0.06% 102,820 $5.8M Add +14.3%
V Visa Inc. Class A 0.06% 19,533 $5.5M Reduce -23.8%
SMCI Super Micro Computer Inc. 0.06% 5,290 $5.3M New
FRT Federal Realty Invs Trust 0.06% 52,000 $5.3M Reduce -24.6%
DAL Delta Air Lines Inc. 0.06% 110,194 $5.3M Reduce -39.7%
CDP Copt Defense Properties 0.06% 217,000 $5.2M Add +85.5%
BRK.B Berkshire Hathaway Inc. Class B 0.06% 12,440 $5.2M Reduce -45.6%
SNPS Synopsys Inc. 0.06% 8,996 $5.1M Add +67.8%
DASH DoorDash Inc. Class A 0.06% 36,569 $5.0M Add +106.1%
EGP Eastgroup Properties Inc. 0.05% 27,000 $4.9M New
FMC FMC Corp. 0.05% 75,150 $4.8M Reduce -39.7%
BAP Credicorp Ltd. 0.05% 27,836 $4.7M Add +37.0%
BRX Brixmor Property Group Inc. 0.05% 200,000 $4.7M Add +132.6%
T AT&T Inc. 0.05% 266,010 $4.7M Reduce -36.2%
IBN Icici Bank Ltd.-Spon ADR 0.05% 176,668 $4.7M No change
UDR Udr Inc. 0.05% 120,513 $4.5M Reduce -47.7%
ADC Agree Realty Corp. 0.05% 78,550 $4.5M Reduce -6.0%
SBRA Sabra Health Care REIT Inc. 0.05% 301,630 $4.5M Add +201.6%
SHEL Shell PLC-ADR 0.05% 64,510 $4.3M Reduce -39.7%
ALL Allstate Corp. 0.05% 24,760 $4.3M Reduce -39.7%
TSN Tyson Foods Inc. Class A 0.05% 72,170 $4.2M Reduce -39.7%
ITUB Itau Unibanco H-Spon PRF ADR 0.05% 595,704 $4.1M No change
REG Regency Centers Corp. 0.05% 68,060 $4.1M Reduce -18.1%
MELI MercadoLibre Inc. 0.04% 2,657 $4.0M No change
ELS Equity Lifestyle Properties 0.04% 61,000 $3.9M Add +27.1%
BXP BXP Inc. filed as BOSTON PROPERTIES INC 0.04% 60,000 $3.9M No change
NET Cloudflare Inc. Class A 0.04% 40,475 $3.9M Add +113.4%
TS Tenaris SA-ADR 0.04% 99,544 $3.9M No change
LBTYA Liberty Global Ltd. Class A 0.04% 228,334 $3.9M No change
FR First Industrial Realty TR 0.04% 73,410 $3.9M Reduce -32.3%
EIX Edison International 0.04% 54,220 $3.8M Reduce -39.7%
FDX FedEx Corp. 0.04% 13,098 $3.8M Reduce -39.8%
MRNA Moderna Inc. 0.04% 35,516 $3.8M Add +112.3%
COP Conocophillips 0.04% 29,640 $3.8M Reduce -39.7%
KKR KKR & Co. Inc. 0.04% 37,188 $3.7M New
GLOB Globant SA 0.04% 18,350 $3.7M No change
CAG Conagra Brands Inc. 0.04% 124,530 $3.7M Reduce -39.7%
AXS Axis Capital Holdings Ltd. 0.04% 56,605 $3.7M No change
GTLS Chart Industries Inc. 0.04% 22,080 $3.6M Reduce -11.1%
XHR Xenia Hotels & Resorts Inc. 0.04% 240,000 $3.6M Add +20.0%
ARCO Arcos Dorados Holdings Inc. Class A 0.04% 323,807 $3.6M No change
DHI D.R. Horton Inc. 0.04% 21,596 $3.6M No change
SIMO Silicon Motion Technol-ADR 0.04% 45,964 $3.5M Add +1481.7%
HIW Highwoods Properties Inc. 0.04% 135,000 $3.5M New
CUBE Cubesmart 0.04% 77,000 $3.5M New
WDAY Workday Inc. Class A 0.04% 12,239 $3.3M Add +105.9%
FE Firstenergy Corp. 0.04% 83,960 $3.2M Reduce -39.7%
ANET Arista Networks Inc. 0.03% 10,913 $3.2M New
BAX Baxter International Inc. 0.03% 74,015 $3.2M Reduce -39.7%
RELX Relx PLC - Spon ADR 0.03% 72,828 $3.2M Add +40.0%
APLE Apple Hospitality REIT Inc. 0.03% 190,000 $3.1M New
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.03% 59,668 $3.1M No change
AEM Agnico Eagle Mines Ltd. 0.03% 51,979 $3.1M Add +74.5%
BMY Bristol-Myers Squibb Co. 0.03% 56,602 $3.1M Reduce -39.7%
TRNO Terreno Realty Corp. 0.03% 46,000 $3.1M Reduce -50.0%
JNJ Johnson & Johnson 0.03% 19,148 $3.0M Reduce -39.8%
CNQ Canadian Natural Resources 0.03% 39,260 $3.0M Reduce -73.4%
CSGP Costar Group Inc. 0.03% 30,072 $2.9M Add +105.5%
CVX Chevron Corp. 0.03% 18,410 $2.9M Reduce -39.8%
TER Teradyne Inc. 0.03% 25,575 $2.9M Reduce -39.7%
VNT Vontier Corp. 0.03% 63,000 $2.9M Reduce -57.6%
DUOL Duolingo 0.03% 12,861 $2.8M Add +106.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.03% 73,175 $2.8M Reduce -39.7%
XRAY Dentsply Sirona Inc. 0.03% 82,719 $2.7M Reduce -39.7%
JAZZ Jazz Pharmaceuticals PLC 0.03% 22,780 $2.7M Reduce -39.7%
TGT Target Corp. 0.03% 15,352 $2.7M Reduce -39.8%
CEG Constellation Energy 0.03% 14,601 $2.7M New
SCHW Schwab (charles) Corp. 0.03% 37,255 $2.7M Reduce -39.7%
VST Vistra Corp. 0.03% 37,968 $2.6M Add +19.2%
SPOT Spotify Technology SA 0.03% 9,930 $2.6M New
PHG Koninklijke Philips NVR- NY 0.03% 130,700 $2.6M Reduce -39.7%
GAP The Gap Inc. 0.03% 91,484 $2.5M No change
ALK Alaska Air Group Inc. 0.03% 56,720 $2.4M Reduce -39.7%
BNTX Biontech SE-ADR 0.03% 26,273 $2.4M No change
SKT Tanger Inc. 0.03% 82,000 $2.4M New
WSO Watsco Inc. 0.03% 5,574 $2.4M Add +105.1%
PM Philip Morris International 0.03% 26,209 $2.4M New
LAD Lithia Motors Inc. 0.03% 7,630 $2.3M Reduce -39.6%
EXC Exelon Corp. 0.02% 60,450 $2.3M New
CCK Crown Holdings Inc. 0.02% 27,718 $2.2M Reduce -39.7%
CPT Camden Property Trust 0.02% 22,000 $2.2M No change
ALEX Alexander & Baldwin Inc. 0.02% 131,000 $2.2M No change
DB Deutsche Bank AG-Registered 0.02% 134,737 $2.1M No change
DVN Devon Energy Corp. 0.02% 42,000 $2.1M Reduce -39.7%
SNY Sanofi-ADR 0.02% 43,360 $2.1M New
ALV Autoliv Inc. 0.02% 17,338 $2.1M Reduce -39.7%
MLM Martin Marietta Materials 0.02% 3,388 $2.1M No change
VTRS Viatris Inc. 0.02% 173,408 $2.1M Reduce -36.0%
PINS Pinterest Inc. Class A 0.02% 58,428 $2.0M Add +106.0%
PFE Pfizer Inc. 0.02% 71,662 $2.0M Reduce -39.7%
HHH Howard Hughes Holdings Inc. 0.02% 27,250 $2.0M Reduce -39.7%
SAP Sap SE-Sponsored ADR 0.02% 9,876 $1.9M No change
EXEL Exelixis Inc. 0.02% 80,310 $1.9M Reduce -39.7%
NICE Nice Ltd. - Spon ADR 0.02% 7,290 $1.9M Add +41.8%
SG Sweetgreen Inc. Class A 0.02% 74,084 $1.9M Add +106.1%
W Wayfair Inc. Class A 0.02% 27,457 $1.9M Add +105.3%
INGR Ingredion Inc. 0.02% 15,920 $1.9M Reduce -56.2%
RBLX Roblox Corp. Class A 0.02% 48,477 $1.9M Add +122.3%
INSP Inspire Medical Systems Inc. 0.02% 8,580 $1.8M Add +107.2%
ADM Archer-Daniels-Midland Co. 0.02% 29,190 $1.8M New
KVUE Kenvue Inc. 0.02% 83,041 $1.8M Reduce -39.7%
SNOW Snowflake Inc. 0.02% 10,800 $1.7M Reduce -15.3%
AFRM Affirm Holdings Inc. 0.02% 46,234 $1.7M Add +140.4%
OGN Organon & Co. 0.02% 91,480 $1.7M Reduce -39.7%
MGA Magna International Inc. 0.02% 31,220 $1.7M Reduce -29.6%
ISRG Intuitive Surgical Inc. 0.02% 4,201 $1.7M New
CX Cemex Sab-Spons ADR Part Cer 0.02% 161,449 $1.5M No change
UGI Ugi Corp. 0.02% 57,880 $1.4M Reduce -39.7%
CELH Celsius Holdings Inc. 0.02% 16,976 $1.4M New
IOT Samsara Inc. Class A 0.01% 34,720 $1.3M Add +188.3%
NVS Novartis AG-Sponsored ADR 0.01% 13,362 $1.3M Add +139.2%
STM Stmicroelectronics NV-NY SHS 0.01% 29,905 $1.3M New
ROKU Roku Inc. 0.01% 19,452 $1.3M Add +106.7%
SHG Shinhan Financial Group-ADR 0.01% 35,698 $1.3M No change
PODD Insulet Corp. 0.01% 7,250 $1.2M Add +105.6%
PDD PDD Holdings Inc. 0.01% 10,436 $1.2M Reduce -71.7%
TRMD Torm PLC-A 0.01% 34,450 $1.2M No change
CLS Celestica Inc. 0.01% 26,100 $1.2M New
ALNY Alnylam Pharmaceuticals Inc. 0.01% 7,717 $1.2M Add +105.2%
SPT Sprout Social Inc. Class A 0.01% 19,035 $1.1M Add +104.8%
RHP Ryman Hospitality Properties 0.01% 9,412 $1.1M No change
COUR Coursera Inc. 0.01% 76,724 $1.1M Add +107.7%
CAMT Camtek Ltd. 0.01% 12,253 $1.0M New
HCP Hashicorp Inc. Class A 0.01% 35,407 $954K Add +107.7%
BANCOLOMBIA S.A.-SPONS ADR 0.01% 26,396 $903K No change
GIB Cgi Inc. 0.01% 8,147 $900K No change
DNLI Denali Therapeutics Inc. 0.01% 43,769 $898K Add +104.8%
PEN Penumbra Inc. 0.01% 3,999 $892K Add +107.5%
PBR.A Petroleo Brasil-SP Pref ADR 0.01% 59,480 $886K No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 20,412 $787K Add +104.6%
DOCS Doximity Inc. Class A 0.01% 29,203 $786K Add +106.7%
GH Guardant Health Inc. 0.01% 37,287 $769K Add +96.4%
ODD Oddity Tech Ltd. Class A 0.01% 16,686 $725K Add +204.6%
HMC Honda Motor Co. Ltd.-Spons ADR 0.01% 19,221 $716K Add +48.7%
CHWY Chewy Inc. Class A 0.01% 44,832 $713K Add +96.4%
TBBB BBB Foods Inc. Class A 0.01% 27,800 $661K New
TX Ternium SA-Sponsored ADR 0.01% 15,791 $657K No change
EMBJ Embraer SA-Spon ADR 0.01% 24,100 $642K New
TXG 10X Genomics Inc. Class A 0.01% 16,273 $611K Add +96.7%
UTI Universal Technical Institut 0.01% 36,061 $575K New
MFC Manulife Financial Corp. 0.01% 22,842 $571K New
TAK Takeda Pharmaceutic-SP ADR 0.01% 39,577 $550K No change
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.01% 9,424 $476K No change
IX Orix - Sponsored ADR filed as ORIX CORP 0.01% 4,307 $475K Reduce -37.4%
RXRX Recursion Pharmaceuticals-A 0.00% 44,398 $443K Add +98.2%
KT KT Corp.-SP ADR 0.00% 31,468 $441K No change
IHG Intercontinental Hotels-ADR 0.00% 4,067 $430K New
OTEX Open Text Corp. 0.00% 10,940 $425K No change
LMND Lemonade Inc. 0.00% 24,459 $401K Add +96.3%
SU Suncor Energy Inc. 0.00% 10,306 $380K New
DAC Danaos Corp. 0.00% 5,111 $369K New
CIG Cia Energetica DE-Spon ADR 0.00% 133,074 $329K No change
YALA Yalla Group Ltd. 0.00% 63,751 $307K New
SANA Sana Biotechnology Inc. 0.00% 29,456 $295K Add +126.7%
DNA Ginkgo Bioworks Holdings Inc. 0.00% 217,288 $252K Add +97.0%
GRVY Gravity Co. Ltd.-Sponsored ADR 0.00% 2,803 $213K New
SBLK Star Bulk Carriers Corp. 0.00% 8,939 $213K New
RIVN Rivian Automotive Inc. Class A 0.00% 19,124 $209K Add +98.7%
VTEX Vtex Class A 0.00% 22,544 $184K New
NMR Nomura Holdings Inc.-Spon ADR 0.00% 22,826 $147K New
CYBR Cyberark Software Ltd./Israel 0.00% 542 $144K New
EQNR Equinor ASA-Spon ADR 0.00% 4,587 $124K No change
BBW Build-A-Bear Workshop Inc. 0.00% 3,990 $119K No change
HIMX Himax Technologies Inc.-ADR 0.00% 22,010 $118K Add +298.6%
AUR Aurora Innovation Inc. 0.00% 38,529 $109K New
GSL Global Ship Lease Inc. Class A 0.00% 5,319 $108K New
WIX Wix.com Ltd. 0.00% 702 $97K No change
ASX Ase Technology Holding -ADR 0.00% 8,506 $93K No change
BHC Bausch Health Cos Inc. 0.00% 7,374 $78K New
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.00% 5,694 $68K No change
CRESCENT PT ENERGY CORP 0.00% 8,043 $66K New
ERF Enerplus Corp. 0.00% 2,599 $51K New
FRO Frontline PLC 0.00% 2,172 $51K New
BWMX Betterware DE Mexico Sapi DE 0.00% 2,500 $50K New
B Barrick Gold Corp. 0.00% 2,456 $41K Reduce -97.6%
VIPS Vipshop Holdings Ltd. - ADR 0.00% 1,897 $31K Reduce -98.5%
Other holdings (6): bonds, preferreds, convertibles and warrants · $20.3M (not counted above)
SecurityClassShares / PrincipalValueChange
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal 13,040,567$13.7MNo change
VNQ Vanguard Real Estate ETF REAL ESTATE ETF · principal 30,300$2.6MAdd +19448.4%
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 2,000,000$1.6MNo change
HYLB Xtrackers Usd High Yield Cor XTRACK USD HIGH · principal 28,100$1.0MNew
VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal 17,000$995KNew
NCL CORPORATION LTD (NCLH 6 05/15/24) NOTE 6.000% 5/1 · principal 200,000$305KNo 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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 507$10.8BNVDA, AAPL, MSFT, AMZN, GOOG
Q1 2026 489$9.6BNVDA, AAPL, MSFT, AMZN, IAU
Q4 2025 492$10.5BMSFT, NVDA, AAPL, AMZN, GOOG
Q3 2025 503$10.6BNVDA, MSFT, AAPL, AMZN, VEA
Q2 2025 519$10.4BMSFT, NVDA, AAPL, AMZN, VEA
Q1 2025 259$9.1BMSFT, RSP, AAPL, NVDA, AMZN
Q4 2024Amended 305$10.0BNVDA, AAPL, MSFT, AMZN, RSP
Q3 2024 329$9.8BNVDA, AAPL, MSFT, RSP, AMZN
Q2 2024 310$9.1BNVDA, AAPL, MSFT, AMZN, GOOG
Q1 2024 322$9.1BVOO, MSFT, NVDA, AAPL, AMZN