Employees Retirement System of Texas
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Employees Retirement System of Texas reported 329 stock positions worth $9.8 billion. Its top holding was Nvidia (NVDA) at 4.9% of the portfolio, followed by Apple (AAPL, 4.7%) and Microsoft (MSFT, 4.2%). Compared with Q2 2024, it opened 59 new positions, sold out of 40, added to 88 and reduced 63. The biggest buy was a new position in Invesco S&P 500 Equal Weight (RSP) and the biggest sale an exit from Vanguard S&P 500 ETF (VOO).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0001398739
- Portfolio Value
- $9.8B (Q3 2024)
- SEC Filing
- 0001398739-24-000014 ↗ filed Nov 14, 2024
Holdings Value
Holdings 329 stocks · $9.8B
| NVDA Nvidia Corp. | 4.86% | 3,911,497 | $475.0M | Reduce -10.7% |
| AAPL Apple Inc. | 4.72% | 1,978,631 | $461.0M | Reduce -6.0% |
| MSFT Microsoft Corp. | 4.19% | 951,205 | $409.3M | Reduce -3.8% |
| RSP Invesco S&P 500 Equal Weight | 3.77% | 2,056,072 | $368.4M | New |
| AMZN Amazon.com Inc. | 3.46% | 1,813,160 | $337.8M | Reduce -1.6% |
| GOOG Alphabet Inc. Class C | 2.55% | 1,491,059 | $249.3M | Add +6.2% |
| META Meta Platforms Inc. Class A | 2.46% | 419,291 | $240.0M | Reduce -17.8% |
| VEA Vanguard Ftse Developed ETF | 2.00% | 3,706,161 | $195.7M | Add +1753.1% |
| LLY Eli Lilly & Co. | 1.75% | 193,352 | $171.3M | Reduce -6.0% |
| JPM JPMorgan Chase & Co. | 1.65% | 765,800 | $161.5M | Reduce -3.9% |
| AVGO Broadcom Inc. | 1.64% | 926,869 | $159.9M | Reduce -6.7% |
| MA Mastercard Inc. Class A | 1.63% | 321,559 | $158.8M | No change |
| XOM Exxon Mobil Corp. | 1.25% | 1,038,417 | $121.7M | Reduce -12.3% |
| WMT Walmart Inc. | 1.22% | 1,470,356 | $118.7M | Add +0.3% |
| PLD Prologis Inc. | 1.21% | 933,055 | $117.8M | Add +0.1% |
| PH Parker Hannifin Corp. | 1.13% | 174,994 | $110.6M | Reduce -16.6% |
| NOW ServiceNow Inc. | 1.05% | 115,201 | $103.0M | Reduce -17.5% |
| COST Costco Wholesale Corp. | 1.02% | 112,149 | $99.4M | No change |
| KO The Coca-Cola Co. | 1.00% | 1,364,598 | $98.1M | Add +2.3% |
| PG The Procter & Gamble Co. | 0.96% | 540,928 | $93.7M | Reduce -4.5% |
| TSLA Tesla Inc. | 0.95% | 353,643 | $92.5M | Reduce -0.1% |
| NFLX Netflix Inc. | 0.93% | 128,787 | $91.3M | Reduce -9.0% |
| CRM Salesforce Inc. | 0.90% | 322,000 | $88.1M | No change |
| MRK Merck & Co. Inc. | 0.90% | 774,624 | $88.0M | Add +27.5% |
| ACN Accenture PLC Class A | 0.90% | 248,402 | $87.8M | No change |
| TDG Transdigm Group Inc. | 0.88% | 60,529 | $86.4M | Reduce -3.9% |
| ETN Eaton Corp. PLC | 0.87% | 255,205 | $84.6M | Add +6.8% |
| TMO Thermo Fisher Scientific Inc. | 0.82% | 129,700 | $80.2M | New |
| GOOGL Alphabet Inc. Class A | 0.82% | 483,308 | $80.2M | Reduce -5.8% |
| ETR Entergy Corp. | 0.80% | 595,900 | $78.4M | Add +14.4% |
| HON Honeywell International Inc. | 0.80% | 378,572 | $78.3M | Add +34.9% |
| ICE Intercontinental Exchange Inc. | 0.79% | 482,540 | $77.5M | Add +5.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.78% | 2,302,200 | $76.7M | Add +4.7% |
| MDLZ Mondelez International Inc. Class A | 0.77% | 1,018,700 | $75.0M | No change |
| PANW Palo Alto Networks Inc. | 0.74% | 211,850 | $72.4M | Reduce -30.4% |
| NI Nisource Inc. | 0.73% | 2,066,800 | $71.6M | Add +23.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.73% | 606,000 | $71.2M | No change |
| DDOG Datadog Inc. Class A | 0.73% | 616,021 | $70.9M | Add +0.1% |
| AZO AutoZone Inc. | 0.71% | 22,000 | $69.3M | No change |
| WFC Wells Fargo & Co. | 0.70% | 1,216,900 | $68.7M | No change |
| MS Morgan Stanley | 0.70% | 659,400 | $68.7M | No change |
| INTU Intuit Inc. | 0.70% | 110,000 | $68.3M | No change |
| CL Colgate-Palmolive Co. | 0.69% | 652,577 | $67.7M | Add +3.8% |
| AME Ametek Inc. | 0.69% | 389,820 | $66.9M | Reduce -5.6% |
| HIG Hartford Insurance Group Inc. | 0.68% | 569,000 | $66.9M | No change |
| ELV Elevance Health Inc. | 0.67% | 126,100 | $65.6M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.67% | 679,057 | $65.3M | Reduce -18.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.67% | 1,550,106 | $65.0M | Add +0.8% |
| XBI SS SPDR S&P Biotech ETF | 0.66% | 656,872 | $64.9M | Add +8.8% |
| SBAC SBA Communications Corp. | 0.66% | 268,300 | $64.6M | Add +30.2% |
| NEM Newmont Corp. | 0.66% | 1,201,000 | $64.2M | No change |
| TMUS T-Mobile US Inc. | 0.66% | 310,657 | $64.1M | Reduce -3.6% |
| NXPI NXP Semiconductors NV | 0.65% | 265,600 | $63.7M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.64% | 223,000 | $62.7M | No change |
| LOW Lowe's Cos Inc. | 0.64% | 231,000 | $62.6M | No change |
| LNG Cheniere Energy Inc. | 0.64% | 346,698 | $62.4M | Reduce -18.1% |
| MDY State Street SPDR S&P Midcap | 0.63% | 108,500 | $61.8M | No change |
| FITB Fifth Third Bancorp | 0.63% | 1,433,900 | $61.4M | No change |
| ZTS Zoetis Inc. | 0.63% | 314,000 | $61.3M | Add +17.2% |
| AXP American Express Co. | 0.62% | 224,300 | $60.8M | No change |
| FCX Freeport-McMoran Inc. | 0.61% | 1,191,630 | $59.5M | Add +0.1% |
| BSX Boston Scientific Corp. | 0.61% | 707,200 | $59.3M | Reduce -0.4% |
| SYK Stryker Corp. | 0.59% | 160,000 | $57.8M | New |
| CMG Chipotle Mexican Grill Inc. | 0.59% | 1,000,000 | $57.6M | No change |
| MU Micron Technology Inc. | 0.57% | 540,594 | $56.1M | No change |
| STZ Constellation Brands Inc. Class A | 0.56% | 213,300 | $55.0M | Add +9.9% |
| GLOB Globant SA | 0.56% | 277,096 | $54.9M | New |
| VRTX Vertex Pharmaceuticals Inc. | 0.56% | 118,000 | $54.9M | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.55% | 226,425 | $53.7M | No change |
| ALLY Ally Financial Inc. | 0.54% | 1,489,200 | $53.0M | No change |
| HUM Humana Inc. | 0.54% | 165,700 | $52.5M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.53% | 183,803 | $51.6M | New |
| CDNS Cadence Design SYS Inc. | 0.52% | 189,000 | $51.2M | No change |
| AMP Ameriprise Financial Inc. | 0.52% | 108,400 | $50.9M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 108,390 | $49.9M | Add +1496.3% |
| WM Waste Management Inc. | 0.51% | 239,079 | $49.6M | Reduce -18.2% |
| MCK McKesson Corp. | 0.50% | 99,400 | $49.1M | Add +24.3% |
| MSI Motorola Solutions Inc. | 0.48% | 105,000 | $47.2M | No change |
| FMX Fomento Economico Mex-SP ADR | 0.48% | 471,096 | $46.5M | No change |
| VRT Vertiv Holdings Co. Class A | 0.47% | 458,107 | $45.6M | New |
| RCL Royal Caribbean Cruises Ltd. | 0.45% | 250,000 | $44.3M | New |
| EQIX Equinix Inc. | 0.45% | 49,800 | $44.2M | Add +31.1% |
| H Hyatt Hotels Corp. Class A | 0.45% | 289,000 | $44.0M | No change |
| ODFL Old Dominion Freight Line | 0.44% | 217,464 | $43.2M | No change |
| TSCO Tractor Supply Company | 0.42% | 141,000 | $41.0M | No change |
| CRL Charles River Laboratories | 0.40% | 200,400 | $39.5M | Add +15.2% |
| LPLA LPL Financial Holdings Inc. | 0.40% | 168,400 | $39.2M | No change |
| TOL Toll Brothers Inc. | 0.40% | 249,900 | $38.6M | New |
| WELL Welltower Inc. | 0.39% | 299,000 | $38.3M | Add +19.6% |
| WEC WEC Energy Group Inc. | 0.39% | 393,000 | $37.8M | No change |
| MNST Monster Beverage Corp. | 0.37% | 697,700 | $36.4M | No change |
| ICLR Icon PLC | 0.36% | 124,100 | $35.7M | Reduce -11.4% |
| BMRN Biomarin Pharmaceutical Inc. | 0.35% | 491,100 | $34.5M | No change |
| PSA Public Storage | 0.30% | 79,611 | $29.0M | Add +5.7% |
| T AT&T Inc. | 0.27% | 1,210,500 | $26.6M | Add +248.6% |
| O Realty Income Corp. | 0.27% | 410,183 | $26.0M | Add +0.5% |
| SPG Simon Property Group Inc. | 0.27% | 153,579 | $26.0M | Add +21.3% |
| DLR Digital Realty Trust Inc. | 0.25% | 152,999 | $24.8M | Add +34.2% |
| PM Philip Morris International | 0.22% | 173,480 | $21.1M | Add +22.4% |
| AVB Avalonbay Communities Inc. | 0.18% | 76,700 | $17.3M | Add +71.6% |
Other holdings (5): bonds, preferreds, convertibles and warrants · $1.8B (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| VGIT Vanguard Intermediate-Term T | INTER TERM TREAS · principal | 21,485,000 | $1.3B | No change |
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | 12,732,000 | $470.1M | Add +49.6% |
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | 96,604 | $9.4M | Reduce -20.6% |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | 6,585,505 | $6.4M | Reduce -49.5% |
| ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) | NOTE 0.250% 6/1 · principal | 2,000,000 | $1.8M | No change |
Total filed on the 13F, all lines: $11.6B.
Portfolio Sells Q2 2024 → Q3 2024
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −1.65 |
| NVDA Nvidia Corp. | Reduce -10.7% | 4.86% | −1.09 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −1.05 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −1.00 |
| UNH Unitedhealth Group Inc. | Reduce -86.0% | 0.17% | −0.95 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.78 |
| MSFT Microsoft Corp. | Reduce -3.8% | 4.19% | −0.68 |
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.57 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.57 |
| DXCM Dexcom Inc. | Sold out | 0.00% | −0.48 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.48 |
| AMZN Amazon.com Inc. | Reduce -1.6% | 3.46% | −0.46 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.42 |
| PANW Palo Alto Networks Inc. | Reduce -30.4% | 0.74% | −0.39 |
| META Meta Platforms Inc. Class A | Reduce -17.8% | 2.46% | −0.37 |
| LLY Eli Lilly & Co. | Reduce -6.0% | 1.75% | −0.30 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.29 |
| XOM Exxon Mobil Corp. | Reduce -12.3% | 1.25% | −0.25 |
| DIS The Walt Disney Co. | Reduce -18.9% | 0.67% | −0.25 |
| GOOGL Alphabet Inc. Class A | Reduce -5.8% | 0.82% | −0.21 |
| DV Doubleverify Holdings Inc. | Sold out | 0.00% | −0.20 |
| WM Waste Management Inc. | Reduce -18.2% | 0.51% | −0.18 |
| LNG Cheniere Energy Inc. | Reduce -18.1% | 0.64% | −0.18 |
| AAPL Apple Inc. | Reduce -6.0% | 4.72% | −0.16 |
| NOW ServiceNow Inc. | Reduce -17.5% | 1.05% | −0.15 |
| JPM JPMorgan Chase & Co. | Reduce -3.9% | 1.65% | −0.12 |
| AVGO Broadcom Inc. | Reduce -6.7% | 1.64% | −0.12 |
| ICLR Icon PLC | Reduce -11.4% | 0.36% | −0.12 |
| NFLX Netflix Inc. | Reduce -9.0% | 0.93% | −0.12 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.10 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.10 |
| AME Ametek Inc. | Reduce -5.6% | 0.69% | −0.07 |
| KIM Kimco Realty Corp. | Reduce -59.9% | 0.06% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -4.5% | 0.96% | −0.07 |
| AMH American Homes 4 Rent- A | Reduce -36.3% | 0.09% | −0.05 |
| UDR Udr Inc. | Reduce -47.3% | 0.06% | −0.05 |
| PH Parker Hannifin Corp. | Reduce -16.6% | 1.13% | −0.04 |
| TS Tenaris SA-ADR | Sold out | 0.00% | −0.03 |
| STLA Stellantis NV | Sold out | 0.00% | −0.03 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.03 |
| TER Teradyne Inc. | Sold out | 0.00% | −0.03 |
| BP BP PLC-Spons ADR | Reduce -1.3% | 0.11% | −0.03 |
| SIMO Silicon Motion Technol-ADR | Reduce -48.1% | 0.01% | −0.03 |
| ALK Alaska Air Group Inc. | Sold out | 0.00% | −0.03 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.02 |
| GAP The Gap Inc. | Sold out | 0.00% | −0.02 |
| IRT Independence Realty Trust Inc. | Sold out | 0.00% | −0.02 |
| NTST Netstreit Corp. | Sold out | 0.00% | −0.02 |
| LAD Lithia Motors Inc. | Sold out | 0.00% | −0.02 |
Portfolio Buys Q2 2024 → Q3 2024
| RSP Invesco S&P 500 Equal Weight | New | 3.77% | +3.77 |
| VEA Vanguard Ftse Developed ETF | Add +1753.1% | 2.00% | +1.89 |
| TMO Thermo Fisher Scientific Inc. | New | 0.82% | +0.82 |
| ELV Elevance Health Inc. | New | 0.67% | +0.67 |
| SYK Stryker Corp. | New | 0.59% | +0.59 |
| GLOB Globant SA | New | 0.56% | +0.56 |
| HUM Humana Inc. | New | 0.54% | +0.54 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.53% | +0.53 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1496.3% | 0.51% | +0.48 |
| VRT Vertiv Holdings Co. Class A | New | 0.47% | +0.47 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.45% | +0.45 |
| TOL Toll Brothers Inc. | New | 0.40% | +0.40 |
| SBAC SBA Communications Corp. | Add +30.2% | 0.66% | +0.22 |
| NI Nisource Inc. | Add +23.7% | 0.73% | +0.20 |
| T AT&T Inc. | Add +248.6% | 0.27% | +0.20 |
| ETR Entergy Corp. | Add +14.4% | 0.80% | +0.19 |
| HON Honeywell International Inc. | Add +34.9% | 0.80% | +0.14 |
| EQIX Equinix Inc. | Add +31.1% | 0.45% | +0.14 |
| IRM Iron Mountain Inc. | New | 0.12% | +0.12 |
| WMT Walmart Inc. | Add +0.3% | 1.22% | +0.12 |
| ZTS Zoetis Inc. | Add +17.2% | 0.63% | +0.12 |
| SE Sea Ltd.-ADR | New | 0.11% | +0.11 |
| ICE Intercontinental Exchange Inc. | Add +5.8% | 0.79% | +0.11 |
| WELL Welltower Inc. | Add +19.6% | 0.39% | +0.10 |
| CI The Cigna Group | New | 0.10% | +0.10 |
| INVH Invitation Homes Inc. | New | 0.10% | +0.10 |
| MO Altria Group Inc. | New | 0.10% | +0.10 |
| VICI Vici Properties Inc. | Add +4.7% | 0.78% | +0.09 |
| VZ Verizon Communications Inc. | New | 0.09% | +0.09 |
| AVB Avalonbay Communities Inc. | Add +71.6% | 0.18% | +0.08 |
| MRK Merck & Co. Inc. | Add +27.5% | 0.90% | +0.07 |
| KO The Coca-Cola Co. | Add +2.3% | 1.00% | +0.07 |
| EGP Eastgroup Properties Inc. | New | 0.07% | +0.07 |
| NOK Nokia Corp.-Spon ADR | New | 0.07% | +0.07 |
| DLR Digital Realty Trust Inc. | Add +34.2% | 0.25% | +0.06 |
| PSA Public Storage | Add +5.7% | 0.30% | +0.06 |
| PM Philip Morris International | Add +22.4% | 0.22% | +0.06 |
| KRC Kilroy Realty Corp. | New | 0.06% | +0.06 |
| SPG Simon Property Group Inc. | Add +21.3% | 0.27% | +0.05 |
| PLD Prologis Inc. | Add +0.1% | 1.21% | +0.05 |
| FR First Industrial Realty TR | Add +421.0% | 0.06% | +0.05 |
| ALL Allstate Corp. | Add +91.4% | 0.09% | +0.05 |
| XBI SS SPDR S&P Biotech ETF | Add +8.8% | 0.66% | +0.05 |
| CMCSA Comcast Corp. Class A | New | 0.05% | +0.05 |
| ERIC Ericsson (lm) Tel-SP ADR | New | 0.05% | +0.05 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
| WPC WP Carey Inc. | Add +132.7% | 0.08% | +0.05 |
| PGR Progressive Corp. | New | 0.04% | +0.04 |
| REG Regency Centers Corp. | Add +76.4% | 0.09% | +0.04 |
| CME Cme Group Inc. | New | 0.04% | +0.04 |
Notes & Other Activity Q2 2024 → Q3 2024
| HYLB Xtrackers Usd High Yield Cor | XTRACK USD HIGH · principal | Add +49.6% | 12,732,000 | $470.1M |
| VNQ Vanguard Real Estate ETF | REAL ESTATE ETF · principal | Reduce -20.6% | 96,604 | $9.4M |
| FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) | NOTE 9.000% 8/0 · principal | Reduce -49.5% | 6,585,505 | $6.4M |
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 |