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

0$5.0B$10.0B$15.0B Q1 2024: $9.1B Q1 2024 Q2 2024: $9.1B Q2 2024 Q3 2024: $9.8B $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 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%
EXR Extra Space Storage Inc. 0.17% 91,745 $16.5M Reduce -1.1%
UNH Unitedhealth Group Inc. 0.17% 27,726 $16.2M Reduce -86.0%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.16% 208,020 $15.5M Add +30.0%
VTR Ventas Inc. 0.14% 212,399 $13.6M Add +22.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.12% 101,500 $12.1M New
ARE Alexandria Real Estate Equit 0.12% 100,000 $11.9M Add +7.5%
CB Chubb Ltd. 0.12% 39,604 $11.4M No change
APP AppLovin Corp. Class A 0.11% 85,612 $11.2M Reduce -27.8%
SE Sea Ltd.-ADR 0.11% 118,315 $11.2M New
SO The Southern Co. 0.11% 121,431 $11.0M Add +13.5%
C Citigroup Inc. 0.11% 174,780 $10.9M No change
V Visa Inc. Class A 0.11% 39,786 $10.9M Reduce -10.9%
WTW Willis Towers Watson PLC 0.11% 35,940 $10.6M No change
MAA Mid-America Apartment Comm 0.11% 65,477 $10.4M Add +10.1%
BP BP PLC-Spons ADR 0.11% 329,178 $10.3M Reduce -1.3%
NEE Nextera Energy Inc. 0.11% 121,487 $10.3M Add +0.6%
CI The Cigna Group 0.10% 29,565 $10.2M New
AEP American Electric Power 0.10% 99,289 $10.2M Add +4.7%
INVH Invitation Homes Inc. 0.10% 283,000 $10.0M New
MDT Medtronic PLC 0.10% 107,848 $9.7M No change
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.10% 86,512 $9.5M Reduce -0.8%
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 0.10% 113,352 $9.3M No change
EG Everest Group Ltd. 0.10% 23,748 $9.3M No change
MO Altria Group Inc. 0.10% 181,833 $9.3M New
GLPI Gaming and Leisure Propertie 0.09% 178,164 $9.2M Add +26.2%
ALL Allstate Corp. 0.09% 47,389 $9.0M Add +91.4%
ELS Equity Lifestyle Properties 0.09% 125,272 $8.9M Add +30.5%
VZ Verizon Communications Inc. 0.09% 194,193 $8.7M New
REG Regency Centers Corp. 0.09% 120,060 $8.7M Add +76.4%
AMH American Homes 4 Rent- A 0.09% 220,861 $8.5M Reduce -36.3%
HST Host Hotels & Resorts Inc. 0.09% 478,000 $8.4M Add +42.3%
KR Kroger Co. 0.09% 146,250 $8.4M No change
IBN Icici Bank Ltd.-Spon ADR 0.08% 276,889 $8.3M No change
NVO Novo-Nordisk A/S-Spons ADR 0.08% 66,404 $7.9M Add +15.5%
BCS Barclays PLC-Spons ADR 0.08% 625,101 $7.6M No change
WPC WP Carey Inc. 0.08% 121,000 $7.5M Add +132.7%
REXR Rexford Industrial Realty Inc. 0.08% 149,000 $7.5M Reduce -13.9%
BXP BXP Inc. 0.08% 91,300 $7.3M Reduce -34.8%
GPN Global Payments Inc. 0.07% 71,000 $7.3M Add +25.4%
CVS CVS Health Corp. 0.07% 115,540 $7.3M Add +10.5%
DOC Healthpeak Properties Inc. 0.07% 311,712 $7.1M Reduce -15.0%
DAL Delta Air Lines Inc. 0.07% 136,944 $7.0M Add +24.3%
SHOP Shopify Inc. Class A 0.07% 86,360 $6.9M Reduce -13.0%
GSK GSK PLC-Spon ADR 0.07% 167,711 $6.9M No change
FET Forum Energy Technologies Inc. 0.07% 441,787 $6.8M No change
FRT Federal Realty Invs Trust 0.07% 59,000 $6.8M Add +110.7%
EGP Eastgroup Properties Inc. 0.07% 35,900 $6.7M New
AEM Agnico Eagle Mines Ltd. 0.07% 82,351 $6.6M Add +58.4%
NOK Nokia Corp.-Spon ADR 0.07% 1,492,284 $6.5M New
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.07% 48,000 $6.5M Reduce -21.3%
HDB HDFC Bank Ltd.-ADR 0.07% 102,820 $6.4M No change
PECO Phillips Edison & Company Inc. 0.07% 170,000 $6.4M Add +70.0%
COLD Americold Realty Trust Inc. 0.06% 222,868 $6.3M Reduce -3.5%
GM General Motors Co. 0.06% 140,280 $6.3M No change
AER Aercap Holdings NV 0.06% 65,018 $6.2M Reduce -14.3%
UDR Udr Inc. 0.06% 133,513 $6.1M Reduce -47.3%
FR First Industrial Realty TR 0.06% 104,200 $5.8M Add +421.0%
ESS Essex Property Trust Inc. 0.06% 19,300 $5.7M Reduce -8.1%
CHKP Check Point Software Tech 0.06% 29,400 $5.7M Reduce -30.9%
EIX Edison International 0.06% 64,276 $5.6M Add +3.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 140,575 $5.6M Add +50.9%
RHP Ryman Hospitality Properties 0.06% 51,912 $5.6M Add +154.3%
DASH DoorDash Inc. Class A 0.06% 38,952 $5.6M Add +6.5%
TBBB BBB Foods Inc. Class A 0.06% 185,122 $5.6M Reduce -12.6%
KRC Kilroy Realty Corp. 0.06% 142,500 $5.5M New
KIM Kimco Realty Corp. 0.06% 236,556 $5.5M Reduce -59.9%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 401,329 $5.5M Reduce -1.2%
SBRA Sabra Health Care REIT Inc. 0.05% 270,630 $5.0M Add +12.0%
FMC FMC Corp. 0.05% 76,180 $5.0M Reduce -10.6%
PBR Petroleo Brasileiro-Spon ADR 0.05% 345,563 $5.0M Reduce -19.1%
JNJ Johnson & Johnson 0.05% 29,781 $4.8M Add +55.5%
LBTYA Liberty Global Ltd. Class A 0.05% 228,334 $4.8M No change
CMCSA Comcast Corp. Class A 0.05% 111,219 $4.6M New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.05% 600,863 $4.6M New
SPOT Spotify Technology SA 0.05% 12,325 $4.5M New
AXS Axis Capital Holdings Ltd. 0.05% 56,605 $4.5M No change
XEL Xcel Energy Inc. 0.05% 68,920 $4.5M Add +30.0%
MELI MercadoLibre Inc. 0.04% 2,125 $4.4M Reduce -20.0%
NRG NRG Energy Inc. 0.04% 47,600 $4.3M No change
CPT Camden Property Trust 0.04% 35,000 $4.3M Reduce -23.9%
TSN Tyson Foods Inc. Class A 0.04% 72,170 $4.3M No change
NNN NNN REIT Inc. 0.04% 88,394 $4.3M Add +100.9%
SHEL Shell PLC-ADR 0.04% 64,510 $4.3M No change
FE Firstenergy Corp. 0.04% 95,800 $4.2M No change
FDX FedEx Corp. 0.04% 15,478 $4.2M Add +18.2%
SKT Tanger Inc. 0.04% 125,000 $4.1M Add +197.6%
PGR Progressive Corp. 0.04% 16,291 $4.1M New
CME Cme Group Inc. 0.04% 18,628 $4.1M New
EXC Exelon Corp. 0.04% 100,254 $4.1M Add +35.8%
CAG Conagra Brands Inc. 0.04% 124,530 $4.0M No change
CTRE Caretrust REIT Inc. 0.04% 129,000 $4.0M Add +3.2%
BAP Credicorp Ltd. 0.04% 21,910 $4.0M Reduce -8.0%
CUBE Cubesmart 0.04% 73,500 $4.0M New
ON On Semiconductor 0.04% 53,790 $3.9M Add +15.3%
DG Dollar General Corp. 0.04% 43,900 $3.7M New
AON Aon PLC Class A 0.04% 10,726 $3.7M No change
NET Cloudflare Inc. Class A 0.04% 45,706 $3.7M No change
DUOL Duolingo 0.04% 12,921 $3.6M Add +0.5%
BNTX Biontech SE-ADR 0.04% 30,388 $3.6M No change
ISRG Intuitive Surgical Inc. 0.04% 7,181 $3.5M New
NLY Annaly Capital Management Inc. 0.04% 174,410 $3.5M New
OHI Omega Healthcare Investors 0.04% 85,000 $3.5M New
RELX Relx PLC - Spon ADR 0.04% 72,828 $3.5M No change
XRAY Dentsply Sirona Inc. 0.04% 127,259 $3.4M Add +24.0%
CCK Crown Holdings Inc. 0.03% 35,568 $3.4M Add +28.3%
CBOE Cboe Global Markets Inc. 0.03% 16,321 $3.3M New
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.03% 53,716 $3.3M Reduce -10.0%
DUK Duke Energy Corp. 0.03% 27,899 $3.2M New
ESRT Empire State Realty Trust-A 0.03% 282,000 $3.1M New
COP Conocophillips 0.03% 29,640 $3.1M No change
WDAY Workday Inc. Class A 0.03% 12,637 $3.1M Add +3.3%
SNY Sanofi-ADR 0.03% 51,390 $3.0M Add +18.5%
BMY Bristol-Myers Squibb Co. 0.03% 56,602 $2.9M No change
APLE Apple Hospitality REIT Inc. 0.03% 197,000 $2.9M Reduce -32.1%
WSO Watsco Inc. 0.03% 5,718 $2.8M Add +2.6%
BAX Baxter International Inc. 0.03% 74,015 $2.8M No change
MGA Magna International Inc. 0.03% 68,090 $2.8M No change
VNT Vontier Corp. 0.03% 82,610 $2.8M Add +31.1%
RPRX Royalty Pharma PLC Class A 0.03% 97,800 $2.8M No change
GTLS Chart Industries Inc. 0.03% 22,080 $2.7M No change
CVX Chevron Corp. 0.03% 18,410 $2.7M No change
LINE Lineage Inc. 0.03% 33,745 $2.6M New
ABEV Ambev SA-ADR 0.03% 1,082,050 $2.6M No change
NVS Novartis AG-Sponsored ADR 0.03% 22,943 $2.6M Add +682.2%
SG Sweetgreen Inc. Class A 0.03% 74,084 $2.6M No change
SIRI Sirius XM Holdings Inc. 0.03% 110,910 $2.6M New
CNQ Canadian Natural Resources 0.03% 78,520 $2.6M No change
MRNA Moderna Inc. 0.03% 38,329 $2.6M Add +5.0%
D Dominion Energy Inc. 0.03% 44,216 $2.6M New
KRG Kite Realty Group Trust 0.03% 96,000 $2.5M New
JAZZ Jazz Pharmaceuticals PLC 0.03% 22,780 $2.5M No change
DEA Easterly Govt Pptys Inc. 0.02% 179,000 $2.4M Add +40.9%
CDP Copt Defense Properties 0.02% 80,000 $2.4M New
ADM Archer-Daniels-Midland Co. 0.02% 40,520 $2.4M No change
TGT Target Corp. 0.02% 15,352 $2.4M No change
ALNY Alnylam Pharmaceuticals Inc. 0.02% 8,403 $2.3M Add +8.9%
RBLX Roblox Corp. Class A 0.02% 51,297 $2.3M Add +2.9%
CSGP Costar Group Inc. 0.02% 30,072 $2.3M No change
HHH Howard Hughes Holdings Inc. 0.02% 27,250 $2.1M No change
PINS Pinterest Inc. Class A 0.02% 65,059 $2.1M No change
PFE Pfizer Inc. 0.02% 71,662 $2.1M No change
AEG Aegon Ltd.-NY Reg SHR 0.02% 322,957 $2.1M No change
ENB Enbridge Inc. 0.02% 49,721 $2.0M Add +85.5%
VTRS Viatris Inc. 0.02% 173,408 $2.0M No change
ADC Agree Realty Corp. 0.02% 25,550 $1.9M Reduce -19.0%
KVUE Kenvue Inc. 0.02% 83,041 $1.9M No change
KGC Kinross Gold Corp. 0.02% 204,644 $1.9M No change
CSR Centerspace 0.02% 27,000 $1.9M New
AFRM Affirm Holdings Inc. 0.02% 46,234 $1.9M No change
IVT Inventrust Properties Corp. 0.02% 65,000 $1.8M New
INSP Inspire Medical Systems Inc. 0.02% 8,580 $1.8M No change
AUR Aurora Innovation Inc. 0.02% 301,808 $1.8M Add +15.0%
IOT Samsara Inc. Class A 0.02% 36,523 $1.8M Add +5.2%
OGN Organon & Co. 0.02% 91,480 $1.8M No change
TEM Tempus AI Inc. Class A 0.02% 29,948 $1.7M Add +0.9%
PODD Insulet Corp. 0.02% 7,250 $1.7M No change
XYZ Block Inc. 0.02% 24,536 $1.6M Add +16.5%
DVN Devon Energy Corp. 0.02% 42,000 $1.6M No change
STAG Stag Industrial Inc. 0.02% 41,000 $1.6M New
W Wayfair Inc. Class A 0.02% 27,457 $1.5M No change
EPRT Essential Properties Realty 0.02% 45,000 $1.5M New
CLS Celestica Inc. 0.02% 29,800 $1.5M Add +6.0%
ROKU Roku Inc. 0.01% 19,452 $1.5M No change
SIMO Silicon Motion Technol-ADR 0.01% 23,833 $1.4M Reduce -48.1%
CUZ Cousins Properties Inc. 0.01% 49,000 $1.4M Reduce -58.5%
CHWY Chewy Inc. Class A 0.01% 44,832 $1.3M No change
SN Sharkninja Inc. 0.01% 12,009 $1.3M New
DNLI Denali Therapeutics Inc. 0.01% 43,769 $1.3M No change
DOCS Doximity Inc. Class A 0.01% 29,203 $1.3M No change
SAP Sap SE-Sponsored ADR 0.01% 5,516 $1.3M No change
SNOW Snowflake Inc. 0.01% 10,800 $1.2M No change
EMBJ Embraer SA-Spon ADR 0.01% 34,600 $1.2M No change
EXPE Expedia Group Inc. 0.01% 8,181 $1.2M New
TRMD Torm PLC-A 0.01% 34,450 $1.2M No change
HRB H&R Block Inc. filed as BLOCK H & R INC 0.01% 17,406 $1.1M New
CAMT Camtek Ltd. 0.01% 13,562 $1.1M Reduce -16.2%
EA Electronic Arts Inc. 0.01% 7,374 $1.1M New
ENSG The Ensign Group Inc. 0.01% 7,294 $1.0M New
MAC The Macerich Co. 0.01% 53,000 $967K New
CNI Canadian Natl Railway Co. 0.01% 7,552 $885K No change
GH Guardant Health Inc. 0.01% 37,287 $855K No change
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 20,412 $838K No change
PEN Penumbra Inc. 0.01% 3,999 $777K No change
EGO Eldorado Gold Corp. 0.01% 43,867 $762K New
DB Deutsche Bank AG-Registered 0.01% 40,261 $697K Reduce -70.1%
ODD Oddity Tech Ltd. Class A 0.01% 16,686 $674K No change
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.01% 12,596 $664K No change
SHG Shinhan Financial Group-ADR 0.01% 15,505 $657K Reduce -56.6%
SU Suncor Energy Inc. 0.01% 17,763 $656K No change
BCE Bce Inc. 0.01% 17,943 $624K New
COUR Coursera Inc. 0.01% 76,724 $609K No change
TX Ternium SA-Sponsored ADR 0.01% 15,791 $583K No change
SPT Sprout Social Inc. Class A 0.01% 19,035 $553K No change
B Barrick Gold Corp. 0.01% 24,647 $490K New
NICE Nice Ltd. - Spon ADR 0.01% 2,804 $487K Reduce -51.9%
KT KT Corp.-SP ADR 0.01% 31,468 $484K No change
RIVN Rivian Automotive Inc. Class A 0.00% 41,115 $461K Add +115.0%
BANCOLOMBIA S.A.-SPONS ADR 0.00% 13,400 $420K Reduce -49.2%
LMND Lemonade Inc. 0.00% 24,459 $403K No change
TEVA Teva Pharmaceutical-SP ADR 0.00% 21,180 $382K New
TRI Thomson Reuters Corp. 0.00% 2,218 $378K Reduce -39.3%
CIG Cia Energetica DE-Spon ADR 0.00% 172,995 $356K Reduce 0.0%
VTEX Vtex Class A 0.00% 45,402 $338K Add +73.2%
GIB Cgi Inc. 0.00% 2,862 $329K No change
CVE Cenovus Energy Inc. 0.00% 19,232 $322K New
RXRX Recursion Pharmaceuticals-A 0.00% 44,679 $294K Reduce -11.3%
YALA Yalla Group Ltd. 0.00% 63,751 $289K No change
INFY Infosys Ltd.-SP ADR 0.00% 12,314 $274K New
CYBR Cyberark Software Ltd./Israel 0.00% 789 $230K Add +45.6%
MT Arcelormittal-NY Registered 0.00% 7,633 $200K New
WIX Wix.com Ltd. 0.00% 1,036 $173K Add +47.6%
GRVY Gravity Co. Ltd.-Sponsored ADR 0.00% 2,803 $166K No change
HG Hamilton Insurance Grou Class B 0.00% 6,574 $127K New
SANA Sana Biotechnology Inc. 0.00% 29,456 $123K No change
HIMX Himax Technologies Inc.-ADR 0.00% 22,010 $121K No change
NMR Nomura Holdings Inc.-Spon ADR 0.00% 22,826 $119K No change
EQNR Equinor ASA-Spon ADR 0.00% 4,587 $116K No change
PAGS Pagseguro Digital Ltd. Class A 0.00% 13,280 $114K New
AGI Alamos Gold Inc. Class A 0.00% 5,595 $112K No change
GRP.U Granite Real Estate Investme 0.00% 1,549 $95K New
TAK Takeda Pharmaceutic-SP ADR 0.00% 5,630 $80K New
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.00% 5,694 $66K No change
TSEM Tower Semiconductor Ltd. 0.00% 1,458 $65K New
NVMI Nova Ltd. 0.00% 288 $60K No change
LOGI Logitech International-Reg 0.00% 651 $58K No change
CX Cemex Sab-Spons ADR Part Cer 0.00% 8,398 $51K Reduce -95.4%
DNA Ginkgo Bioworks Holdings Inc. 0.00% 5,432 $44K No change
BWMX Betterware DE Mexico Sapi DE 0.00% 2,500 $32K No change
GPRK Geopark Ltd. 0.00% 3,116 $25K No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $1.8B (not counted above)
SecurityClassShares / PrincipalValueChange
VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal 21,485,000$1.3BNo change
HYLB Xtrackers Usd High Yield Cor XTRACK USD HIGH · principal 12,732,000$470.1MAdd +49.6%
VNQ Vanguard Real Estate ETF REAL ESTATE ETF · principal 96,604$9.4MReduce -20.6%
FORUM ENERGY TECHNOLOGIE (FET 9 08/04/25) NOTE 9.000% 8/0 · principal 6,585,505$6.4MReduce -49.5%
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 2,000,000$1.8MNo 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

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