Employees Retirement System of Texas
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Employees Retirement System of Texas reported 310 stock positions worth $9.1 billion. Its top holding was Nvidia (NVDA) at 6.0% of the portfolio, followed by Apple (AAPL, 4.9%) and Microsoft (MSFT, 4.9%). Compared with Q1 2024, it opened 34 new positions, sold out of 46, added to 82 and reduced 63. The biggest buy was Apple (AAPL, shares +4%) and the biggest sale Vanguard S&P 500 ETF (VOO, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001398739
- Portfolio Value
- $9.1B (Q2 2024)
- SEC Filing
- 0001398739-24-000009 ↗ filed Aug 14, 2024
Holdings Value
Holdings 310 stocks · $9.1B
| NVDA Nvidia Corp. | 5.95% | 4,379,820 | $541.1M | Reduce -2.5% |
| AAPL Apple Inc. | 4.88% | 2,105,779 | $443.5M | Add +4.3% |
| MSFT Microsoft Corp. | 4.86% | 989,156 | $442.1M | Add +1.2% |
| AMZN Amazon.com Inc. | 3.92% | 1,843,015 | $356.2M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 2.83% | 1,404,515 | $257.6M | Add +4.4% |
| META Meta Platforms Inc. Class A | 2.83% | 510,293 | $257.3M | Add +4.9% |
| LLY Eli Lilly & Co. | 2.05% | 205,705 | $186.2M | Add +8.8% |
| JPM JPMorgan Chase & Co. | 1.77% | 796,471 | $161.1M | Add +2.9% |
| AVGO Broadcom Inc. | 1.75% | 99,346 | $159.5M | Reduce -3.5% |
| VOO Vanguard S&P 500 ETF | 1.65% | 299,469 | $149.8M | Reduce -65.8% |
| MA Mastercard Inc. Class A | 1.56% | 321,559 | $141.9M | Reduce -15.3% |
| XOM Exxon Mobil Corp. | 1.50% | 1,183,328 | $136.2M | Reduce -22.1% |
| NOW ServiceNow Inc. | 1.21% | 139,649 | $109.9M | Reduce -3.0% |
| PH Parker Hannifin Corp. | 1.17% | 209,835 | $106.1M | Add +17.2% |
| PLD Prologis Inc. | 1.15% | 932,055 | $104.7M | Add +18.1% |
| PANW Palo Alto Networks Inc. | 1.14% | 304,400 | $103.2M | Add +30.8% |
| UNH Unitedhealth Group Inc. | 1.11% | 198,670 | $101.2M | Add +9.2% |
| WMT Walmart Inc. | 1.09% | 1,465,762 | $99.2M | Add +20.9% |
| NFLX Netflix Inc. | 1.05% | 141,527 | $95.5M | Add +2.2% |
| DGRW Wisdomtree U.S. Quality Divi | 1.05% | 1,222,300 | $95.4M | Reduce -14.1% |
| COST Costco Wholesale Corp. | 1.05% | 112,149 | $95.3M | No change |
| GOOGL Alphabet Inc. Class A | 1.03% | 512,983 | $93.4M | Add +2.8% |
| PG The Procter & Gamble Co. | 1.03% | 566,384 | $93.4M | Add +11.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.00% | 338,800 | $90.6M | No change |
| KO The Coca-Cola Co. | 0.93% | 1,333,933 | $84.9M | Reduce -23.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.91% | 837,398 | $83.1M | No change |
| CRM Salesforce Inc. | 0.91% | 322,000 | $82.8M | Reduce -3.3% |
| TDG Transdigm Group Inc. | 0.89% | 63,000 | $80.5M | No change |
| DDOG Datadog Inc. Class A | 0.88% | 615,379 | $79.8M | Add +28.7% |
| ACN Accenture PLC Class A | 0.83% | 248,402 | $75.4M | Add +10.5% |
| MRK Merck & Co. Inc. | 0.83% | 607,424 | $75.2M | No change |
| ETN Eaton Corp. PLC | 0.82% | 239,000 | $74.9M | No change |
| LNG Cheniere Energy Inc. | 0.81% | 423,408 | $74.0M | Add +8.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.80% | 1,537,485 | $72.5M | Add +17.5% |
| INTU Intuit Inc. | 0.80% | 110,000 | $72.3M | Reduce -3.6% |
| WFC Wells Fargo & Co. | 0.80% | 1,216,900 | $72.3M | Reduce -1.6% |
| NXPI NXP Semiconductors NV | 0.79% | 265,600 | $71.5M | Add +39.8% |
| MU Micron Technology Inc. | 0.78% | 540,594 | $71.1M | Reduce -20.7% |
| DHR Danaher Corp. | 0.78% | 284,000 | $71.0M | No change |
| TSLA Tesla Inc. | 0.77% | 354,047 | $70.1M | Reduce -15.4% |
| AME Ametek Inc. | 0.76% | 413,044 | $68.9M | No change |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.73% | 606,000 | $66.7M | No change |
| MDLZ Mondelez International Inc. Class A | 0.73% | 1,018,700 | $66.7M | Add +17.9% |
| AZO AutoZone Inc. | 0.72% | 22,000 | $65.2M | No change |
| MS Morgan Stanley | 0.71% | 659,400 | $64.1M | Add +16.9% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.69% | 2,198,200 | $63.0M | Add +39.6% |
| CMG Chipotle Mexican Grill Inc. | 0.69% | 1,000,000 | $62.6M | No change |
| ICE Intercontinental Exchange Inc. | 0.69% | 456,100 | $62.4M | Add +34.5% |
| WM Waste Management Inc. | 0.69% | 292,153 | $62.3M | Add +5.1% |
| CL Colgate-Palmolive Co. | 0.67% | 628,500 | $61.0M | Reduce -8.3% |
| HON Honeywell International Inc. | 0.66% | 280,604 | $59.9M | New |
| ALLY Ally Financial Inc. | 0.65% | 1,489,200 | $59.1M | Add +11.7% |
| CDNS Cadence Design SYS Inc. | 0.64% | 189,000 | $58.2M | No change |
| MDY State Street SPDR S&P Midcap | 0.64% | 108,500 | $58.1M | No change |
| FCX Freeport-McMoran Inc. | 0.64% | 1,190,900 | $57.9M | Reduce -0.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.64% | 223,000 | $57.8M | No change |
| HIG Hartford Insurance Group Inc. | 0.63% | 569,000 | $57.2M | No change |
| TMUS T-Mobile US Inc. | 0.62% | 322,357 | $56.8M | No change |
| XBI SS SPDR S&P Biotech ETF | 0.62% | 603,857 | $56.0M | Add +40.8% |
| ETR Entergy Corp. | 0.61% | 521,000 | $55.7M | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.61% | 118,000 | $55.3M | No change |
| BSX Boston Scientific Corp. | 0.60% | 710,000 | $54.7M | No change |
| FITB Fifth Third Bancorp | 0.58% | 1,433,900 | $52.3M | Add +38.7% |
| XLF SS Financial Select Sector | 0.57% | 1,268,213 | $52.1M | Add +147.7% |
| AXP American Express Co. | 0.57% | 224,300 | $51.9M | Reduce -42.2% |
| HCA HCA Healthcare Inc. | 0.57% | 160,000 | $51.4M | No change |
| LOW Lowe's Cos Inc. | 0.56% | 231,000 | $50.9M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.56% | 471,096 | $50.7M | Add +64.1% |
| NEM Newmont Corp. | 0.55% | 1,201,000 | $50.3M | Reduce -4.8% |
| STZ Constellation Brands Inc. Class A | 0.55% | 194,000 | $49.9M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.54% | 226,425 | $49.4M | Reduce -28.8% |
| NI Nisource Inc. | 0.53% | 1,671,000 | $48.1M | No change |
| LPLA LPL Financial Holdings Inc. | 0.52% | 168,400 | $47.0M | Reduce -31.5% |
| MCK McKesson Corp. | 0.51% | 80,000 | $46.7M | No change |
| ZTS Zoetis Inc. | 0.51% | 268,000 | $46.5M | No change |
| AMP Ameriprise Financial Inc. | 0.51% | 108,400 | $46.3M | Reduce -31.4% |
| H Hyatt Hotels Corp. Class A | 0.48% | 289,000 | $43.9M | No change |
| ICLR Icon PLC | 0.48% | 140,000 | $43.9M | No change |
| DXCM Dexcom Inc. | 0.48% | 385,000 | $43.7M | No change |
| ULTA Ulta Beauty Inc. | 0.48% | 112,000 | $43.2M | Add +28.7% |
| MSI Motorola Solutions Inc. | 0.45% | 105,000 | $40.5M | No change |
| SBAC SBA Communications Corp. | 0.45% | 206,100 | $40.5M | Add +30.4% |
| BMRN Biomarin Pharmaceutical Inc. | 0.44% | 491,100 | $40.4M | Add +42.8% |
| ODFL Old Dominion Freight Line | 0.42% | 217,464 | $38.4M | Add +25.0% |
| RMD Resmed Inc. | 0.42% | 199,900 | $38.3M | Add +26.5% |
| TSCO Tractor Supply Company | 0.42% | 141,000 | $38.1M | New |
| CRL Charles River Laboratories | 0.40% | 174,000 | $35.9M | No change |
| MNST Monster Beverage Corp. | 0.38% | 697,700 | $34.9M | New |
| WEC WEC Energy Group Inc. | 0.34% | 393,000 | $30.8M | No change |
| EQIX Equinix Inc. | 0.32% | 38,000 | $28.8M | Reduce -62.4% |
| ASO Academy Sports & Outdoors Inc. | 0.29% | 499,000 | $26.6M | No change |
| WELL Welltower Inc. | 0.29% | 250,000 | $26.1M | Add +2.0% |
| PSA Public Storage | 0.24% | 75,311 | $21.7M | Reduce -67.0% |
| O Realty Income Corp. | 0.24% | 408,183 | $21.6M | Reduce -18.9% |
| SPG Simon Property Group Inc. | 0.21% | 126,579 | $19.2M | Reduce -10.6% |
| DV Doubleverify Holdings Inc. | 0.20% | 914,000 | $17.8M | No change |
| DLR Digital Realty Trust Inc. | 0.19% | 113,999 | $17.3M | Reduce -22.4% |
| EXR Extra Space Storage Inc. | 0.16% | 92,745 | $14.4M | Add +10.8% |
| PM Philip Morris International | 0.16% | 141,681 | $14.4M | Add +440.6% |
| AMH American Homes 4 Rent- A | 0.14% | 346,565 | $12.9M | Reduce -16.8% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $1.6B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | 21,485,000 | $1.3B | Add +126282.4% |
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | 8,512,100 | $301.8M | Add +30192.2% |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | 13,040,567 | $12.9M | No change |
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | 121,719 | $10.2M | Add +301.7% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 2,000,000 | $1.6M | No change |
Total filed on the 13F, all lines: $10.7B.
Portfolio Sells Q1 2024 → Q2 2024
| VOO Vanguard S&P 500 ETF | Reduce -65.8% | 1.65% | −2.96 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.81 |
| EQIX Equinix Inc. | Reduce -62.4% | 0.32% | −0.60 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −0.49 |
| PSA Public Storage | Reduce -67.0% | 0.24% | −0.49 |
| MA Mastercard Inc. Class A | Reduce -15.3% | 1.56% | −0.44 |
| XOM Exxon Mobil Corp. | Reduce -22.1% | 1.50% | −0.43 |
| NOC Northrop Grumman Corp. | Sold out | 0.00% | −0.41 |
| AXP American Express Co. | Reduce -42.2% | 0.57% | −0.40 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.37 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -28.8% | 0.54% | −0.25 |
| AMP Ameriprise Financial Inc. | Reduce -31.4% | 0.51% | −0.25 |
| KO The Coca-Cola Co. | Reduce -23.5% | 0.93% | −0.23 |
| SYK Stryker Corp. | Sold out | 0.00% | −0.22 |
| LPLA LPL Financial Holdings Inc. | Reduce -31.5% | 0.52% | −0.19 |
| CRM Salesforce Inc. | Reduce -3.3% | 0.91% | −0.19 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -14.1% | 1.05% | −0.14 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.12 |
| SHOP Shopify Inc. Class A | Reduce -55.8% | 0.07% | −0.12 |
| BCSF Bain Capital Specialty Finan | Sold out | 0.00% | −0.10 |
| MU Micron Technology Inc. | Reduce -20.7% | 0.78% | −0.10 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.08 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -81.6% | 0.02% | −0.08 |
| AVB Avalonbay Communities Inc. | Reduce -48.4% | 0.10% | −0.07 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.07 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.07 |
| O Realty Income Corp. | Reduce -18.9% | 0.24% | −0.06 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.06 |
| CDP Copt Defense Properties | Sold out | 0.00% | −0.06 |
| NNN NNN REIT Inc. | Reduce -72.2% | 0.02% | −0.05 |
| EGP Eastgroup Properties Inc. | Sold out | 0.00% | −0.05 |
| BRX Brixmor Property Group Inc. | Sold out | 0.00% | −0.05 |
| STLA Stellantis NV | Reduce -45.5% | 0.03% | −0.05 |
| ITUB Itau Unibanco H-Spon PRF ADR | Sold out | 0.00% | −0.05 |
| VMRK Vivmark Residential | Reduce -32.5% | 0.12% | −0.04 |
| DOC Healthpeak Properties Inc. | Reduce -37.5% | 0.08% | −0.04 |
| DLR Digital Realty Trust Inc. | Reduce -22.4% | 0.19% | −0.04 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.04 |
| GLOB Globant SA | Sold out | 0.00% | −0.04 |
| ARCO Arcos Dorados Holdings Inc. Class A | Sold out | 0.00% | −0.04 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.04 |
| HIW Highwoods Properties Inc. | Sold out | 0.00% | −0.04 |
| CUBE Cubesmart | Sold out | 0.00% | −0.04 |
| VTR Ventas Inc. | Reduce -38.8% | 0.10% | −0.04 |
| HST Host Hotels & Resorts Inc. | Reduce -26.3% | 0.07% | −0.04 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.03 |
| TSLA Tesla Inc. | Reduce -15.4% | 0.77% | −0.03 |
| TRNO Terreno Realty Corp. | Sold out | 0.00% | −0.03 |
| FR First Industrial Realty TR | Reduce -72.8% | 0.01% | −0.03 |
| SPG Simon Property Group Inc. | Reduce -10.6% | 0.21% | −0.03 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +4.3% | 4.88% | +1.09 |
| HON Honeywell International Inc. | New | 0.66% | +0.66 |
| GOOG Alphabet Inc. Class C | Add +4.4% | 2.83% | +0.59 |
| LLY Eli Lilly & Co. | Add +8.8% | 2.05% | +0.44 |
| TSCO Tractor Supply Company | New | 0.42% | +0.42 |
| PANW Palo Alto Networks Inc. | Add +30.8% | 1.14% | +0.41 |
| MNST Monster Beverage Corp. | New | 0.38% | +0.38 |
| MSFT Microsoft Corp. | Add +1.2% | 4.86% | +0.36 |
| AMZN Amazon.com Inc. | Add +1.6% | 3.92% | +0.34 |
| XLF SS Financial Select Sector | Add +147.7% | 0.57% | +0.34 |
| WMT Walmart Inc. | Add +20.9% | 1.09% | +0.29 |
| NXPI NXP Semiconductors NV | Add +39.8% | 0.79% | +0.27 |
| META Meta Platforms Inc. Class A | Add +4.9% | 2.83% | +0.25 |
| DDOG Datadog Inc. Class A | Add +28.7% | 0.88% | +0.23 |
| GOOGL Alphabet Inc. Class A | Add +2.8% | 1.03% | +0.20 |
| VICI Vici Properties Inc. | Add +39.6% | 0.69% | +0.18 |
| ICE Intercontinental Exchange Inc. | Add +34.5% | 0.69% | +0.18 |
| XBI SS SPDR S&P Biotech ETF | Add +40.8% | 0.62% | +0.17 |
| FITB Fifth Third Bancorp | Add +38.7% | 0.58% | +0.15 |
| FMX Fomento Economico Mex-SP ADR | Add +64.1% | 0.56% | +0.15 |
| PM Philip Morris International | Add +440.6% | 0.16% | +0.13 |
| NFLX Netflix Inc. | Add +2.2% | 1.05% | +0.13 |
| UNH Unitedhealth Group Inc. | Add +9.2% | 1.11% | +0.13 |
| MS Morgan Stanley | Add +16.9% | 0.71% | +0.12 |
| LNG Cheniere Energy Inc. | Add +8.0% | 0.81% | +0.12 |
| PG The Procter & Gamble Co. | Add +11.1% | 1.03% | +0.12 |
| BMRN Biomarin Pharmaceutical Inc. | Add +42.8% | 0.44% | +0.12 |
| QCOM Qualcomm Inc. | New | 0.10% | +0.10 |
| NEE Nextera Energy Inc. | New | 0.09% | +0.09 |
| AEP American Electric Power | New | 0.09% | +0.09 |
| SO The Southern Co. | New | 0.09% | +0.09 |
| PH Parker Hannifin Corp. | Add +17.2% | 1.17% | +0.08 |
| RMD Resmed Inc. | Add +26.5% | 0.42% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +2.9% | 1.77% | +0.07 |
| MDLZ Mondelez International Inc. Class A | Add +17.9% | 0.73% | +0.07 |
| SBAC SBA Communications Corp. | Add +30.4% | 0.45% | +0.07 |
| V Visa Inc. Class A | Add +128.7% | 0.13% | +0.07 |
| UDR Udr Inc. | Add +110.4% | 0.11% | +0.07 |
| ALLY Ally Financial Inc. | Add +11.7% | 0.65% | +0.06 |
| BXP BXP Inc. | Add +133.3% | 0.09% | +0.05 |
| TBBB BBB Foods Inc. Class A | Add +661.5% | 0.06% | +0.05 |
| SNPS Synopsys Inc. | Add +73.8% | 0.10% | +0.05 |
| KIM Kimco Realty Corp. | Add +50.4% | 0.13% | +0.04 |
| WM Waste Management Inc. | Add +5.1% | 0.69% | +0.04 |
| IBN Icici Bank Ltd.-Spon ADR | Add +56.7% | 0.09% | +0.04 |
| WELL Welltower Inc. | Add +2.0% | 0.29% | +0.04 |
| PECO Phillips Edison & Company Inc. | New | 0.04% | +0.04 |
| ON On Semiconductor | New | 0.04% | +0.04 |
| AON Aon PLC Class A | New | 0.03% | +0.03 |
| CTRE Caretrust REIT Inc. | New | 0.03% | +0.03 |
Notes & Other Activity Q1 2024 → Q2 2024
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | Add +126282.4% | 21,485,000 | $1.3B |
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | Add +30192.2% | 8,512,100 | $301.8M |
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | Add +301.7% | 121,719 | $10.2M |
| NCL CORPORATION LTD (NCLH 6 05/15/24) | NOTE 6.000% 5/1 · principal | Sold out | 200,000 | $305Kbefore 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 |