Employees Retirement System of Texas

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Employees Retirement System of Texas reported 259 stock positions worth $9.1 billion. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 5.0%) and Apple (AAPL, 4.8%). Compared with Q4 2024, it opened 35 new positions, sold out of 81, added to 70 and reduced 99. The biggest buy was a new position in SS SPDR S&P 500 ETF Trust-US (SPY) and the biggest sale an exit from Alphabet Class C (GOOG).

Most Recent 13F
Q2 2026
Location
AUSTIN, TX
CIK
0001398739
Portfolio Value
$9.1B (Q1 2025)
SEC Filing
0001398739-25-000011 ↗ filed May 13, 2025

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 Q3 2024 Q4 2024: $10.0B Q4 2024 Q1 2025: $9.1B $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 259 stocks · $9.1B

MSFT Microsoft Corp. 5.05% 1,230,429 $461.9M Add +26.9%
RSP Invesco S&P 500 Equal Weight 4.98% 2,629,372 $455.5M Add +27.9%
AAPL Apple Inc. 4.75% 1,955,831 $434.4M Reduce -1.1%
NVDA Nvidia Corp. 4.50% 3,793,638 $411.2M Reduce -5.1%
AMZN Amazon.com Inc. 3.44% 1,654,644 $314.8M Reduce -6.4%
VEA Vanguard Ftse Developed ETF 3.13% 5,629,961 $286.2M Add +51.9%
META Meta Platforms Inc. Class A 2.37% 375,022 $216.1M Reduce -11.0%
JPM JPMorgan Chase & Co. 1.98% 737,500 $180.9M Reduce -3.7%
LLY Eli Lilly & Co. 1.97% 218,356 $180.3M Add +6.4%
MA Mastercard Inc. Class A 1.81% 302,059 $165.6M Reduce -6.1%
SPY SS SPDR S&P 500 ETF Trust-US 1.64% 268,300 $150.1M New
AVGO Broadcom Inc. 1.62% 886,030 $148.3M Reduce -6.3%
XOM Exxon Mobil Corp. 1.38% 1,063,953 $126.5M Add +6.2%
UNH Unitedhealth Group Inc. 1.27% 221,800 $116.2M Reduce -7.0%
KO The Coca-Cola Co. 1.26% 1,614,000 $115.6M Add +30.7%
PLD Prologis Inc. 1.21% 992,438 $110.9M Add +3.4%
TSLA Tesla Inc. 1.19% 421,356 $109.2M Reduce -1.3%
WMT Walmart Inc. 1.19% 1,241,900 $109.0M Reduce -12.8%
NFLX Netflix Inc. 1.17% 115,046 $107.3M Reduce -10.7%
PG The Procter & Gamble Co. 1.09% 583,557 $99.5M Add +7.9%
COST Costco Wholesale Corp. 1.08% 104,549 $98.9M Reduce -6.8%
PH Parker Hannifin Corp. 1.05% 157,869 $96.0M Add +10.3%
TMUS T-Mobile US Inc. 1.01% 345,637 $92.2M Reduce -8.1%
EQIX Equinix Inc. 0.96% 107,919 $88.0M Add +39.5%
AZO AutoZone Inc. 0.91% 21,800 $83.1M Reduce -0.9%
TDG Transdigm Group Inc. 0.91% 59,929 $82.9M Reduce -1.0%
HIG Hartford Insurance Group Inc. 0.90% 663,300 $82.1M Add +16.6%
ICE Intercontinental Exchange Inc. 0.85% 450,900 $77.8M Reduce -1.1%
MSI Motorola Solutions Inc. 0.85% 177,328 $77.6M Add +68.9%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.83% 220,500 $76.1M Reduce -1.1%
BKNG Booking Holdings Inc. 0.79% 15,700 $72.3M Add +15.4%
GOOGL Alphabet Inc. Class A 0.79% 464,168 $71.8M Reduce -4.0%
XBI SS SPDR S&P Biotech ETF 0.77% 867,172 $70.3M Reduce -1.1%
UBER Uber Technologies Inc. 0.76% 958,008 $69.8M New
TMO Thermo Fisher Scientific Inc. 0.75% 138,500 $68.9M Add +6.8%
ETN Eaton Corp. PLC 0.75% 251,482 $68.4M Add +17.7%
VTR Ventas Inc. 0.73% 967,029 $66.5M Add +275.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.73% 544,500 $66.3M Reduce -10.2%
WEC WEC Energy Group Inc. 0.72% 606,390 $66.1M Add +54.3%
PANW Palo Alto Networks Inc. 0.72% 387,174 $66.1M Reduce -8.6%
NOW ServiceNow Inc. 0.72% 82,672 $65.8M Reduce -28.2%
WM Waste Management Inc. 0.71% 282,018 $65.3M Add +18.0%
LPLA LPL Financial Holdings Inc. 0.71% 197,600 $64.6M Reduce -14.6%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.70% 1,519,785 $63.5M Reduce -4.5%
SCHW Schwab (charles) Corp. 0.68% 797,000 $62.4M New
ZTS Zoetis Inc. 0.68% 377,400 $62.1M Add +20.2%
ETR Entergy Corp. 0.68% 726,641 $62.1M Reduce -39.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.68% 626,334 $61.8M Reduce -7.8%
NEM Newmont Corp. 0.67% 1,260,942 $60.9M Reduce -1.1%
NI Nisource Inc. 0.65% 1,483,561 $59.5M Reduce -28.2%
BSX Boston Scientific Corp. 0.65% 589,500 $59.5M Reduce -1.1%
DHR Danaher Corp. 0.65% 289,900 $59.4M Add +20.6%
SYK Stryker Corp. 0.64% 158,200 $58.9M Reduce -1.1%
ACN Accenture PLC Class A 0.64% 188,323 $58.8M Reduce -24.2%
CDNS Cadence Design SYS Inc. 0.64% 229,546 $58.4M Add +21.4%
CL Colgate-Palmolive Co. 0.64% 622,712 $58.3M Add +7.6%
MELI MercadoLibre Inc. 0.64% 29,900 $58.3M Reduce -1.0%
VRTX Vertex Pharmaceuticals Inc. 0.64% 120,200 $58.3M Reduce -1.1%
BA The Boeing Co. 0.62% 333,379 $56.9M New
FITB Fifth Third Bancorp 0.61% 1,417,400 $55.6M Reduce -1.1%
SBAC SBA Communications Corp. 0.60% 249,549 $54.9M Add +6.1%
AXP American Express Co. 0.60% 203,600 $54.8M Reduce -9.2%
MCK McKesson Corp. 0.60% 81,300 $54.7M Reduce -1.1%
NXPI NXP Semiconductors NV 0.60% 287,322 $54.6M Add +8.2%
ALLY Ally Financial Inc. 0.59% 1,472,100 $53.7M Reduce -1.1%
LOW Lowe's Cos Inc. 0.58% 228,400 $53.3M Reduce -1.1%
MNDY Monday.com Ltd. 0.58% 217,864 $53.0M Add +27373.4%
LNG Cheniere Energy Inc. 0.58% 228,173 $52.8M Reduce -34.2%
FCX Freeport-McMoran Inc. 0.57% 1,384,202 $52.4M Reduce -7.0%
RCL Royal Caribbean Cruises Ltd. 0.56% 247,200 $50.8M Reduce -1.1%
MS Morgan Stanley 0.55% 432,800 $50.5M Reduce -17.1%
VB Vanguard Most SM-Cap ETF-Usd 0.55% 226,425 $50.2M No change
MDLZ Mondelez International Inc. Class A 0.54% 732,700 $49.7M Reduce -28.1%
CMG Chipotle Mexican Grill Inc. 0.54% 988,500 $49.6M Reduce -1.1%
WELL Welltower Inc. 0.53% 313,507 $48.0M Reduce -2.0%
FMX Fomento Economico Mex-SP ADR 0.52% 483,949 $47.2M Reduce -0.5%
VRT Vertiv Holdings Co. Class A 0.51% 651,033 $47.0M Add +42.1%
CRWD CrowdStrike Holdings Inc. Class A 0.50% 130,420 $46.0M Reduce -29.0%
ODFL Old Dominion Freight Line 0.49% 273,219 $45.2M Add +25.6%
MU Micron Technology Inc. 0.49% 518,044 $45.0M Reduce -4.2%
ET Energy Transfer LP 0.48% 2,384,424 $44.3M New
KKR KKR & Co. Inc. 0.45% 358,300 $41.4M Add +2682.1%
ICLR Icon PLC 0.43% 223,200 $39.1M Reduce -1.1%
DDOG Datadog Inc. Class A 0.39% 357,844 $35.5M Reduce -41.9%
BRBR Bellring Brands Inc. 0.37% 450,700 $33.6M New
SPG Simon Property Group Inc. 0.30% 164,942 $27.4M Add +7.4%
PM Philip Morris International 0.30% 170,972 $27.1M No change
TOL Toll Brothers Inc. 0.29% 247,100 $26.1M Reduce -1.1%
PSA Public Storage 0.28% 85,183 $25.5M Add +14.2%
DLR Digital Realty Trust Inc. 0.26% 162,999 $23.4M Reduce -6.9%
T AT&T Inc. 0.25% 819,459 $23.2M Reduce -37.2%
CB Chubb Ltd. 0.22% 67,647 $20.4M Add +70.8%
VZ Verizon Communications Inc. 0.18% 372,576 $16.9M Add +357.6%
PGR Progressive Corp. 0.18% 59,544 $16.9M Add +72.4%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.18% 507,348 $16.6M New
EXR Extra Space Storage Inc. 0.18% 108,507 $16.1M Reduce -8.6%
AEP American Electric Power 0.17% 141,935 $15.5M Add +28.8%
AVB Avalonbay Communities Inc. 0.17% 72,133 $15.5M Reduce -14.1%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.16% 172,324 $14.8M Add +32.0%
CI The Cigna Group 0.15% 41,362 $13.6M Add +16.7%
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.15% 188,020 $13.5M Reduce -27.1%
EXE Expand Energy Corp. 0.14% 113,352 $12.6M No change
AIG American International Group 0.13% 138,938 $12.1M New
SE Sea Ltd.-ADR 0.13% 90,318 $11.8M Reduce -7.4%
DUK Duke Energy Corp. 0.13% 94,338 $11.5M New
MAA Mid-America Apartment Comm 0.12% 67,080 $11.2M Add +47.5%
IBN Icici Bank Ltd.-Spon ADR 0.12% 353,069 $11.1M Add +8.0%
MO Altria Group Inc. 0.12% 178,898 $10.7M Reduce -0.8%
DOC Healthpeak Properties Inc. 0.12% 520,024 $10.5M Add +38.0%
GE General Electric filed as GE AEROSPACE 0.11% 50,530 $10.1M New
BXP BXP Inc. 0.10% 142,300 $9.6M Add +32.6%
CVX Chevron Corp. 0.10% 56,031 $9.4M Add +283.5%
BUD Anheuser-Busch Inbev-SPN ADR 0.10% 144,560 $8.9M New
FET Forum Energy Technologies Inc. 0.10% 441,787 $8.9M No change
ARE Alexandria Real Estate Equit 0.10% 95,990 $8.9M Add +57.4%
NEE Nextera Energy Inc. 0.09% 121,218 $8.6M Add +29.7%
WPC WP Carey Inc. 0.09% 136,000 $8.6M Add +58.1%
HDB HDFC Bank Ltd.-ADR 0.09% 126,233 $8.4M Add +22.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.09% 33,136 $8.2M New
ELS Equity Lifestyle Properties 0.09% 123,000 $8.2M Reduce -3.4%
BP BP PLC-Spons ADR 0.09% 242,031 $8.2M Add +3.7%
SUI Sun Communities Inc. filed as SUN CMNTYS INC 0.09% 62,416 $8.0M Add +38.7%
UDR Udr Inc. 0.09% 175,094 $7.9M Add +48.4%
NOK Nokia Corp.-Spon ADR 0.08% 1,465,726 $7.7M No change
SHOP Shopify Inc. Class A 0.08% 80,418 $7.7M Reduce -6.9%
V Visa Inc. Class A 0.08% 21,617 $7.6M Reduce -22.4%
KIM Kimco Realty Corp. 0.08% 350,651 $7.4M Add +52.5%
REG Regency Centers Corp. 0.08% 99,740 $7.4M Reduce -38.5%
ALL Allstate Corp. 0.08% 35,469 $7.3M Reduce -41.3%
GLPI Gaming and Leisure Propertie 0.08% 140,564 $7.2M Reduce -22.8%
DASH DoorDash Inc. Class A 0.08% 38,952 $7.1M Reduce -18.1%
CPT Camden Property Trust 0.08% 57,745 $7.1M Add +65.0%
EGP Eastgroup Properties Inc. 0.08% 39,900 $7.0M Reduce -23.1%
WTW Willis Towers Watson PLC 0.08% 20,700 $7.0M Reduce -42.4%
CUBE Cubesmart 0.07% 154,500 $6.6M No change
MDT Medtronic PLC 0.07% 73,232 $6.6M Reduce -32.1%
NET Cloudflare Inc. Class A 0.07% 57,482 $6.5M Add +10.4%
HST Host Hotels & Resorts Inc. 0.07% 453,271 $6.4M Reduce -26.7%
AMH American Homes 4 Rent- A 0.07% 157,140 $5.9M Reduce -43.0%
BMY Bristol-Myers Squibb Co. 0.06% 95,973 $5.9M Add +133.8%
PBR Petroleo Brasileiro-Spon ADR 0.06% 400,198 $5.7M Add +15.8%
BCS Barclays PLC-Spons ADR 0.06% 366,372 $5.6M Reduce -19.4%
NNN NNN REIT Inc. 0.06% 129,269 $5.5M Add +103.6%
TRGP Targa Resources Corp. 0.06% 25,824 $5.2M Add +126.2%
RHP Ryman Hospitality Properties 0.06% 56,382 $5.2M Reduce -0.9%
STAG Stag Industrial Inc. 0.06% 142,114 $5.1M Reduce -34.2%
AXS Axis Capital Holdings Ltd. 0.05% 49,663 $5.0M Reduce -12.3%
NVS Novartis AG-Sponsored ADR 0.05% 43,010 $4.8M New
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 0.05% 600,863 $4.7M No change
ITUB Itau Unibanco H-Spon PRF ADR 0.05% 847,094 $4.7M New
AHR American Healthcare REIT Inc. 0.05% 152,468 $4.6M Add +12.9%
BRX Brixmor Property Group Inc. 0.05% 173,798 $4.6M New
COLD Americold Realty Trust Inc. 0.05% 207,868 $4.5M Reduce -12.6%
FRT Federal Realty Invs Trust 0.05% 45,437 $4.4M Reduce -36.0%
REXR Rexford Industrial Realty Inc. 0.05% 112,581 $4.4M Add +87.6%
OHI Omega Healthcare Investors 0.05% 115,457 $4.4M Add +35.8%
AON Aon PLC Class A 0.05% 10,726 $4.3M No change
DUOL Duolingo 0.04% 12,921 $4.0M No change
KRG Kite Realty Group Trust 0.04% 173,705 $3.9M Reduce -14.0%
CUZ Cousins Properties Inc. 0.04% 125,000 $3.7M No change
TRNO Terreno Realty Corp. 0.04% 56,455 $3.6M New
INFY Infosys Ltd.-SP ADR 0.04% 188,758 $3.4M Add +139.8%
AEM Agnico Eagle Mines Ltd. 0.04% 31,678 $3.4M Reduce -62.3%
ESRT Empire State Realty Trust-A 0.03% 387,000 $3.0M Reduce -24.4%
CSGP Costar Group Inc. 0.03% 37,971 $3.0M New
GTY Getty Realty Corp. 0.03% 96,000 $3.0M New
RBLX Roblox Corp. Class A 0.03% 51,297 $3.0M No change
OKE Oneok Inc. 0.03% 30,016 $3.0M No change
CHKP Check Point Software Tech 0.03% 13,001 $3.0M Reduce -39.0%
WDAY Workday Inc. Class A 0.03% 12,637 $3.0M No change
ADC Agree Realty Corp. 0.03% 38,000 $2.9M Reduce -46.5%
APLE Apple Hospitality REIT Inc. 0.03% 226,187 $2.9M New
NTST Netstreit Corp. 0.03% 179,173 $2.8M New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.03% 51,340 $2.8M Reduce -40.7%
IVT Inventrust Properties Corp. 0.03% 94,497 $2.8M New
BNTX Biontech SE-ADR 0.03% 30,388 $2.8M No change
IRT Independence Realty Trust Inc. 0.03% 127,186 $2.7M New
LTC LTC Properties Inc. filed as LTC PPTYS INC 0.03% 74,554 $2.6M New
BAP Credicorp Ltd. 0.03% 14,187 $2.6M Add +21.2%
KGC Kinross Gold Corp. 0.03% 204,644 $2.6M No change
ENB Enbridge Inc. 0.03% 56,020 $2.5M Add +12.7%
HR Healthcare Realty Trust Inc. 0.03% 146,093 $2.5M Reduce -26.9%
CDP Copt Defense Properties 0.03% 90,000 $2.5M New
B Barrick Gold Corp. 0.03% 118,586 $2.3M Add +36.4%
PECO Phillips Edison & Company Inc. 0.02% 61,170 $2.2M New
SKT Tanger Inc. 0.02% 66,034 $2.2M Reduce -48.0%
IOT Samsara Inc. Class A 0.02% 57,553 $2.2M Add +57.6%
DKNG Draftkings Inc. Class A 0.02% 65,470 $2.2M Add +33.7%
SBRA Sabra Health Care REIT Inc. 0.02% 119,809 $2.1M Reduce -32.9%
AFRM Affirm Holdings Inc. 0.02% 46,234 $2.1M No change
AUR Aurora Innovation Inc. 0.02% 301,808 $2.0M No change
MAC The Macerich Co. 0.02% 117,914 $2.0M New
PINS Pinterest Inc. Class A 0.02% 65,059 $2.0M No change
KRC Kilroy Realty Corp. 0.02% 61,500 $2.0M Reduce -47.2%
SG Sweetgreen Inc. Class A 0.02% 78,905 $2.0M Add +6.5%
AEG Aegon Ltd.-NY Reg SHR 0.02% 289,691 $1.9M No change
PODD Insulet Corp. 0.02% 7,250 $1.9M No change
CSR Centerspace 0.02% 28,878 $1.9M Reduce -32.8%
SNOW Snowflake Inc. 0.02% 12,791 $1.9M Reduce -70.4%
SPOT Spotify Technology SA 0.02% 3,356 $1.8M Add +3.4%
CURB Curbline Properties Corp. 0.02% 75,905 $1.8M New
FR First Industrial Realty TR 0.02% 33,915 $1.8M Reduce -70.3%
EMBJ Embraer SA-Spon ADR 0.02% 39,400 $1.8M Add +4.0%
DOCS Doximity Inc. Class A 0.02% 29,203 $1.7M No change
GH Guardant Health Inc. 0.02% 37,287 $1.6M No change
CHWY Chewy Inc. Class A 0.02% 44,832 $1.5M No change
TEM Tempus AI Inc. Class A 0.02% 29,948 $1.4M No change
SN Sharkninja Inc. 0.02% 17,293 $1.4M No change
PEN Penumbra Inc. 0.02% 5,273 $1.4M No change
TIGO Millicom Intl Cellular S.A. 0.02% 45,517 $1.4M New
ROKU Roku Inc. 0.01% 19,452 $1.4M No change
INSP Inspire Medical Systems Inc. 0.01% 8,580 $1.4M No change
XYZ Block Inc. 0.01% 24,536 $1.3M No change
VNO Vornado Realty Trust 0.01% 35,000 $1.3M No change
LINE Lineage Inc. 0.01% 21,077 $1.2M No change
W Wayfair Inc. Class A 0.01% 35,270 $1.1M No change
CLS Celestica Inc. 0.01% 14,280 $1.1M Reduce -52.1%
MRNA Moderna Inc. 0.01% 38,329 $1.1M No change
SIMO Silicon Motion Technol-ADR 0.01% 19,152 $968K Reduce -19.6%
ENSG The Ensign Group Inc. 0.01% 7,294 $944K No change
ING ING Groep N.V.-Sponsored ADR 0.01% 45,289 $887K New
LMND Lemonade Inc. 0.01% 24,459 $769K No change
ODD Oddity Tech Ltd. Class A 0.01% 16,686 $722K No change
HMY Harmony Gold MNG-Spon ADR 0.01% 48,621 $718K New
UMH Umh Properties Inc. filed as UMH PPTYS INC 0.01% 37,861 $708K Reduce -72.2%
YETI Yeti Holdings Inc. filed as YETI HLDGS INC 0.01% 20,412 $676K No change
DNLI Denali Therapeutics Inc. 0.01% 43,769 $595K No change
TRMD Torm PLC-A 0.01% 34,450 $568K No change
RIVN Rivian Automotive Inc. Class A 0.01% 41,115 $512K No change
ALC Alcon Inc. filed as ALCON AG 0.01% 5,278 $501K New
TX Ternium SA-Sponsored ADR 0.01% 15,791 $492K No change
TBBB BBB Foods Inc. Class A 0.01% 18,370 $490K Reduce -20.2%
LOGI Logitech International-Reg 0.00% 4,960 $419K Add +302.6%
PAGS Pagseguro Digital Ltd. Class A 0.00% 51,840 $396K New
SPT Sprout Social Inc. Class A 0.00% 17,020 $374K Reduce -10.6%
WNS WNS Holdings Ltd. filed as WNS HLDGS LTD 0.00% 5,835 $359K Reduce -53.7%
YALA Yalla Group Ltd. 0.00% 63,751 $333K No change
BRK.B Berkshire Hathaway Inc. Class B 0.00% 600 $320K Reduce -99.5%
CIG Cia Energetica DE-Spon ADR 0.00% 172,995 $304K No change
VTEX Vtex Class A 0.00% 52,238 $265K No change
TAK Takeda Pharmaceutic-SP ADR 0.00% 17,545 $261K Add +211.6%
PHG Koninklijke Philips NVR- NY 0.00% 10,185 $259K New
AMP Ameriprise Financial Inc. 0.00% 500 $242K Reduce -99.5%
RXRX Recursion Pharmaceuticals-A 0.00% 44,679 $236K No change
BCSF Bain Capital Specialty Finan 0.00% 14,064 $233K New
DB Deutsche Bank AG-Registered 0.00% 9,751 $232K Reduce -75.8%
IFS Intercorp Financial Services 0.00% 6,612 $219K Add +25.2%
GRVY Gravity Co. Ltd.-Sponsored ADR 0.00% 2,803 $170K No change
WIX Wix.com Ltd. 0.00% 1,036 $169K No change
HIMX Himax Technologies Inc.-ADR 0.00% 22,010 $162K No change
OR Osisko Gold Royalties Ltd. 0.00% 7,215 $152K No change
MMYT Makemytrip Ltd. 0.00% 1,325 $130K Reduce -73.0%
EQNR Equinor ASA-Spon ADR 0.00% 4,587 $121K No change
CCU Cia Cervecerias Uni-Spon ADR filed as COMPANIA CERVECERIAS UNIDAS 0.00% 5,694 $87K No change
TV Grupo Televisa SA-Spon ADR 0.00% 49,904 $87K No change
GRTUF Granite Real Estate Investme 0.00% 1,549 $73K No change
ESLT Elbit Systems Ltd. 0.00% 191 $73K New
SANA Sana Biotechnology Inc. 0.00% 29,456 $49K No change
DNA Ginkgo Bioworks Holdings Inc. 0.00% 5,432 $31K No change
Other holdings (5): bonds, preferreds, convertibles and warrants · $1.9B (not counted above)
SecurityClassShares / PrincipalValueChange
VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal 23,875,000$1.4BAdd +11.1%
HYLB Xtrackers Usd High Yield Cor XTRACK USD HIGH · principal 12,732,000$460.3MNo change
CONMED CORP (CNMD 2.25 06/15/27) NOTE 2.250% 6/1 · principal 6,000,000$5.7MNo change
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 2,000,000$1.9MNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A · principal 100,000$59KNo change

Total filed on the 13F, all lines: $11.0B.

Portfolio Sells Q4 2024 → Q1 2025

GOOG Alphabet Inc. Class C Sold out 0.00% −2.74
CRM Salesforce Inc. Sold out 0.00% −1.08
NVDA Nvidia Corp. Reduce -5.1% 4.50% −0.88
HON Honeywell International Inc. Sold out 0.00% −0.86
WFC Wells Fargo & Co. Sold out 0.00% −0.86
MDY State Street SPDR S&P Midcap Sold out 0.00% −0.81
MRK Merck & Co. Inc. Sold out 0.00% −0.74
INTU Intuit Inc. Sold out 0.00% −0.69
GLOB Globant SA Sold out 0.00% −0.60
AMP Ameriprise Financial Inc. Reduce -99.5% 0.00% −0.58
AVGO Broadcom Inc. Reduce -6.3% 1.62% −0.57
TSLA Tesla Inc. Reduce -1.3% 1.19% −0.53
NOW ServiceNow Inc. Reduce -28.2% 0.72% −0.50
DDOG Datadog Inc. Class A Reduce -41.9% 0.39% −0.49
BRK.B Berkshire Hathaway Inc. Class B Reduce -99.5% 0.00% −0.49
STZ Constellation Brands Inc. Class A Sold out 0.00% −0.47
AMZN Amazon.com Inc. Reduce -6.4% 3.44% −0.44
MNST Monster Beverage Corp. Sold out 0.00% −0.37
O Realty Income Corp. Sold out 0.00% −0.26
ACN Accenture PLC Class A Reduce -24.2% 0.64% −0.23
ETR Entergy Corp. Reduce -39.0% 0.68% −0.23
APP AppLovin Corp. Class A Sold out 0.00% −0.22
AAPL Apple Inc. Reduce -1.1% 4.75% −0.21
LNG Cheniere Energy Inc. Reduce -34.2% 0.58% −0.17
GOOGL Alphabet Inc. Class A Reduce -4.0% 0.79% −0.13
CRWD CrowdStrike Holdings Inc. Class A Reduce -29.0% 0.50% −0.13
C Citigroup Inc. Sold out 0.00% −0.12
ESS Essex Property Trust Inc. Sold out 0.00% −0.12
NI Nisource Inc. Reduce -28.2% 0.65% −0.11
META Meta Platforms Inc. Class A Reduce -11.0% 2.37% −0.11
MS Morgan Stanley Reduce -17.1% 0.55% −0.10
WMT Walmart Inc. Reduce -12.8% 1.19% −0.10
SO The Southern Co. Sold out 0.00% −0.09
KR Kroger Co. Sold out 0.00% −0.09
EG Everest Group Ltd. Sold out 0.00% −0.09
DIS The Walt Disney Co. Reduce -7.8% 0.68% −0.08
GPN Global Payments Inc. Sold out 0.00% −0.08
GM General Motors Co. Sold out 0.00% −0.07
INVH Invitation Homes Inc. Sold out 0.00% −0.07
DAL Delta Air Lines Inc. Sold out 0.00% −0.07
TTD Trade Desk Inc./the Class A Reduce -40.7% 0.03% −0.07
BAC Bank of America Corp. Sold out 0.00% −0.07
CVS CVS Health Corp. Sold out 0.00% −0.07
AXP American Express Co. Reduce -9.2% 0.60% −0.07
MDLZ Mondelez International Inc. Class A Reduce -28.1% 0.54% −0.07
NVO Novo-Nordisk A/S-Spons ADR Sold out 0.00% −0.06
AER Aercap Holdings NV Sold out 0.00% −0.06
CMG Chipotle Mexican Grill Inc. Reduce -1.1% 0.54% −0.06
DLR Digital Realty Trust Inc. Reduce -6.9% 0.26% −0.06
DG Dollar General Corp. Sold out 0.00% −0.05

Portfolio Buys Q4 2024 → Q1 2025

SPY SS SPDR S&P 500 ETF Trust-US New 1.64% +1.64
RSP Invesco S&P 500 Equal Weight Add +27.9% 4.98% +1.37
VEA Vanguard Ftse Developed ETF Add +51.9% 3.13% +1.36
MSFT Microsoft Corp. Add +26.9% 5.05% +0.96
UBER Uber Technologies Inc. New 0.76% +0.76
SCHW Schwab (charles) Corp. New 0.68% +0.68
BA The Boeing Co. New 0.62% +0.62
MNDY Monday.com Ltd. Add +27373.4% 0.58% +0.58
VTR Ventas Inc. Add +275.0% 0.73% +0.58
KO The Coca-Cola Co. Add +30.7% 1.26% +0.49
ET Energy Transfer LP New 0.48% +0.48
KKR KKR & Co. Inc. Add +2682.1% 0.45% +0.43
LLY Eli Lilly & Co. Add +6.4% 1.97% +0.39
BRBR Bellring Brands Inc. New 0.37% +0.37
MSI Motorola Solutions Inc. Add +68.9% 0.85% +0.36
WEC WEC Energy Group Inc. Add +54.3% 0.72% +0.35
XOM Exxon Mobil Corp. Add +6.2% 1.38% +0.30
HIG Hartford Insurance Group Inc. Add +16.6% 0.90% +0.27
EQIX Equinix Inc. Add +39.5% 0.96% +0.23
WM Waste Management Inc. Add +18.0% 0.71% +0.23
PLD Prologis Inc. Add +3.4% 1.21% +0.20
VICI Vici Properties Inc. New 0.18% +0.18
PG The Procter & Gamble Co. Add +7.9% 1.09% +0.18
ZTS Zoetis Inc. Add +20.2% 0.68% +0.17
VZ Verizon Communications Inc. Add +357.6% 0.18% +0.15
PH Parker Hannifin Corp. Add +10.3% 1.05% +0.14
AIG American International Group New 0.13% +0.13
DUK Duke Energy Corp. New 0.13% +0.13
SBAC SBA Communications Corp. Add +6.1% 0.60% +0.12
BKNG Booking Holdings Inc. Add +15.4% 0.79% +0.11
CB Chubb Ltd. Add +70.8% 0.22% +0.11
CL Colgate-Palmolive Co. Add +7.6% 0.64% +0.11
GE General Electric New 0.11% +0.11
ODFL Old Dominion Freight Line Add +25.6% 0.49% +0.11
PGR Progressive Corp. Add +72.4% 0.18% +0.10
DHR Danaher Corp. Add +20.6% 0.65% +0.10
BUD Anheuser-Busch Inbev-SPN ADR New 0.10% +0.10
IBM Intl Business Machines Corp. New 0.09% +0.09
CVX Chevron Corp. Add +283.5% 0.10% +0.08
TMO Thermo Fisher Scientific Inc. Add +6.8% 0.75% +0.08
CDNS Cadence Design SYS Inc. Add +21.4% 0.64% +0.07
AEP American Electric Power Add +28.8% 0.17% +0.07
PSA Public Storage Add +14.2% 0.28% +0.06
MAA Mid-America Apartment Comm Add +47.5% 0.12% +0.05
NVS Novartis AG-Sponsored ADR New 0.05% +0.05
ITUB Itau Unibanco H-Spon PRF ADR New 0.05% +0.05
CI The Cigna Group Add +16.7% 0.15% +0.05
BRX Brixmor Property Group Inc. New 0.05% +0.05
WPC WP Carey Inc. Add +58.1% 0.09% +0.05
NXPI NXP Semiconductors NV Add +8.2% 0.60% +0.04

Notes & Other Activity Q4 2024 → Q1 2025

VGIT Vanguard Intermediate-Term T INTER TERM TREAS · principal Add +11.1% 23,875,000 $1.4B
VNQ Vanguard Real Estate ETF REAL ESTATE ETF · principal Sold out 153,404 $13.7Mbefore 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