Teacher Retirement System of Texas
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Teacher Retirement System of Texas reported 1,538 stock positions worth $27.7 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 5.5% of the portfolio, followed by Apple (AAPL, 5.1%) and Nvidia (NVDA, 4.2%). Compared with Q3 2024, it opened 223 new positions, sold out of 171, added to 925 and reduced 377. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +358%) and the biggest sale an exit from iShares MSCI India ETF (INDA).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0000796848
- Portfolio Value
- $27.7B (Q4 2024)
- SEC Filing
- 0000796848-25-000003 ↗ filed Feb 11, 2025
Holdings Value
Holdings 1,538 stocks · $27.7B
| IVV iShares Core S&P 500 ETF | 5.52% | 2,598,372 | $1.5B | Add +357.9% |
| AAPL Apple Inc. | 5.11% | 5,664,096 | $1.4B | Add +39.1% |
| NVDA Nvidia Corp. | 4.23% | 8,734,868 | $1.2B | Add +25.4% |
| MSFT Microsoft Corp. | 3.80% | 2,498,412 | $1.1B | Add +27.1% |
| AMZN Amazon.com Inc. | 2.64% | 3,337,182 | $732.1M | Add +31.3% |
| GOOGL Alphabet Inc. Class A | 2.58% | 3,773,748 | $714.4M | Add +25.0% |
| META Meta Platforms Inc. Class A | 1.82% | 863,611 | $505.7M | Add +24.1% |
| VOO Vanguard S&P 500 ETF | 1.45% | 744,259 | $401.0M | Add +19.9% |
| TSLA Tesla Inc. | 1.29% | 884,980 | $357.4M | Add +71.7% |
| AVGO Broadcom Inc. | 1.27% | 1,516,759 | $351.6M | Add +41.1% |
| JPM JPMorgan Chase & Co. | 0.93% | 1,074,502 | $257.6M | Add +5.8% |
| LLY Eli Lilly & Co. | 0.84% | 302,413 | $233.5M | Add +42.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.84% | 511,946 | $232.1M | Add +29.2% |
| MA Mastercard Inc. Class A | 0.81% | 427,116 | $224.9M | Add +47.6% |
| UNH Unitedhealth Group Inc. | 0.71% | 391,768 | $198.2M | Add +28.8% |
| WMT Walmart Inc. | 0.69% | 2,125,699 | $192.1M | Add +39.5% |
| NFLX Netflix Inc. | 0.67% | 209,422 | $186.7M | Add +39.7% |
| COST Costco Wholesale Corp. | 0.63% | 191,377 | $175.4M | Add +84.0% |
| ACN Accenture PLC Class A | 0.62% | 486,679 | $171.2M | Add +73.2% |
| PG The Procter & Gamble Co. | 0.62% | 1,021,008 | $171.2M | Add +21.1% |
| V Visa Inc. Class A | 0.61% | 534,548 | $168.9M | Add +56.0% |
| XOM Exxon Mobil Corp. | 0.57% | 1,464,885 | $157.6M | Add +61.3% |
| WFC Wells Fargo & Co. | 0.56% | 2,229,521 | $156.6M | Add +14.1% |
| CSCO Cisco Systems Inc. | 0.54% | 2,527,760 | $149.6M | Add +9.4% |
| HD Home Depot Inc. | 0.53% | 375,164 | $145.9M | Add +22.3% |
| JNJ Johnson & Johnson | 0.53% | 1,008,456 | $145.8M | Add +38.2% |
| FLUT Flutter Entertainment PLC-Di | 0.51% | 551,821 | $142.6M | Reduce -22.4% |
| PM Philip Morris International | 0.51% | 1,168,553 | $140.6M | Add +63.1% |
| ABBV Abbvie Inc. | 0.48% | 755,359 | $134.2M | Add +52.2% |
| BKNG Booking Holdings Inc. | 0.46% | 25,776 | $128.1M | Add +234.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 1,027,668 | $124.2M | Add +33.1% |
| TMO Thermo Fisher Scientific Inc. | 0.44% | 236,140 | $122.8M | Add +37.1% |
| MRK Merck & Co. Inc. | 0.44% | 1,218,805 | $121.2M | Add +29.9% |
| CRM Salesforce Inc. | 0.43% | 358,246 | $119.8M | Add +57.0% |
| ADBE Adobe Inc. | 0.42% | 264,790 | $117.7M | Add +56.1% |
| ADP Automatic Data Processing | 0.42% | 397,872 | $116.5M | Add +14.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.41% | 2,615,204 | $114.9M | Add +10.5% |
| PYPL PayPal Holdings Inc. | 0.41% | 1,331,185 | $113.6M | Add +20.4% |
| LIN Linde PLC | 0.40% | 264,207 | $110.6M | Reduce -3.4% |
| ANET Arista Networks Inc. | 0.40% | 1,000,675 | $110.6M | Add +41.0% |
| QCOM Qualcomm Inc. | 0.39% | 712,857 | $109.5M | Add +99.6% |
| MDT Medtronic PLC | 0.39% | 1,348,741 | $107.7M | Add +41.7% |
| MO Altria Group Inc. | 0.38% | 2,022,121 | $105.7M | Add +136.4% |
| KO The Coca-Cola Co. | 0.38% | 1,681,975 | $104.7M | Add +2.7% |
| VWO Vanguard Ftse Emerging Marke | 0.37% | 2,358,513 | $103.9M | No change |
| AXP American Express Co. | 0.35% | 328,870 | $97.6M | Add +19.8% |
| MMM 3M Co. | 0.35% | 747,954 | $96.6M | Add +59.8% |
| AMAT Applied Materials Inc. | 0.35% | 588,492 | $95.7M | Add +29.4% |
| GE General Electric filed as GE AEROSPACE | 0.34% | 572,218 | $95.4M | Add +44.9% |
| CMCSA Comcast Corp. Class A | 0.34% | 2,542,535 | $95.4M | Add +15.8% |
| CL Colgate-Palmolive Co. | 0.34% | 1,041,938 | $94.7M | Add +23.9% |
| GM General Motors Co. | 0.34% | 1,750,082 | $93.2M | Add +38.4% |
| ISRG Intuitive Surgical Inc. | 0.34% | 178,504 | $93.2M | Add +100.8% |
| CAT Caterpillar Inc. | 0.34% | 256,626 | $93.1M | Add +38.2% |
| SPGI S&P Global Inc. | 0.33% | 185,554 | $92.4M | Add +37.0% |
| EPAM Epam Systems Inc. | 0.31% | 370,793 | $86.7M | New |
| CBRE CBRE Group Inc. Class A | 0.31% | 656,429 | $86.2M | Add +132.1% |
| UNP Union Pacific Corp. | 0.31% | 372,696 | $85.0M | Add +38.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.31% | 385,908 | $84.8M | Add +5.9% |
| PGR Progressive Corp. | 0.30% | 351,507 | $84.2M | Add +16.9% |
| ORCL Oracle Corp. | 0.30% | 497,912 | $83.0M | Reduce -6.3% |
| APH Amphenol Corp. Class A | 0.30% | 1,187,588 | $82.5M | Add +56.9% |
| NRG NRG Energy Inc. | 0.29% | 904,265 | $81.6M | Add +350.4% |
| TT Trane Technologies PLC | 0.29% | 220,483 | $81.4M | Add +25.9% |
| NVR NVR Inc. | 0.29% | 9,943 | $81.3M | Add +67.7% |
| BUR Burford Capital Ltd. | 0.29% | 6,370,000 | $81.2M | Reduce -18.5% |
| MCK McKesson Corp. | 0.29% | 142,002 | $80.9M | Add +88.6% |
| TRV The Travelers Cos Inc. | 0.29% | 334,053 | $80.5M | Add +148.0% |
| INTU Intuit Inc. | 0.29% | 127,498 | $80.1M | Add +35.5% |
| PEP Pepsico Inc. | 0.29% | 524,239 | $79.7M | Reduce -0.3% |
| BMY Bristol-Myers Squibb Co. | 0.29% | 1,406,647 | $79.6M | Add +293.1% |
| HIG Hartford Insurance Group Inc. | 0.29% | 723,925 | $79.2M | Add +68.7% |
| LDOS Leidos Holdings Inc. | 0.28% | 548,748 | $79.1M | Add +151.6% |
| ILMN Illumina Inc. | 0.28% | 582,478 | $77.8M | Reduce -10.3% |
| LMT Lockheed Martin Corp. | 0.28% | 158,613 | $77.1M | Reduce -6.9% |
| CTAS Cintas Corp. | 0.28% | 420,515 | $76.8M | Add +2.4% |
| CVX Chevron Corp. | 0.28% | 529,656 | $76.7M | Add +157.8% |
| NTAP Netapp Inc. | 0.28% | 658,213 | $76.4M | Add +29.0% |
| TW Tradeweb Markets Inc. Class A | 0.27% | 579,095 | $75.8M | Add +67.8% |
| SPOT Spotify Technology SA | 0.27% | 168,528 | $75.4M | New |
| GRMN Garmin Ltd. | 0.27% | 361,490 | $74.6M | Add +79.3% |
| NOC Northrop Grumman Corp. | 0.26% | 156,149 | $73.3M | Add +74.5% |
| VZ Verizon Communications Inc. | 0.26% | 1,821,069 | $72.8M | Reduce -10.4% |
| MPC Marathon Petroleum Corp. | 0.26% | 521,429 | $72.7M | Add +456.1% |
| SHW The Sherwin-Williams Co. | 0.26% | 212,920 | $72.4M | Reduce -7.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.26% | 299,349 | $71.9M | New |
| IJR iShares Core S&P Small-Cap E | 0.26% | 617,457 | $71.1M | New |
| MRSH Marsh & McLennan Cos | 0.25% | 330,506 | $70.2M | Add +20.5% |
| MELI MercadoLibre Inc. | 0.25% | 40,764 | $69.3M | Reduce -13.8% |
| WELL Welltower Inc. | 0.24% | 538,763 | $67.9M | Add +69.9% |
| ALL Allstate Corp. | 0.24% | 351,206 | $67.7M | Add +116.2% |
| ABT Abbott Laboratories | 0.24% | 596,578 | $67.5M | Add +9.3% |
| NOW ServiceNow Inc. | 0.24% | 63,541 | $67.4M | Reduce -18.9% |
| MSI Motorola Solutions Inc. | 0.24% | 145,386 | $67.2M | Reduce -4.9% |
| EQIX Equinix Inc. | 0.24% | 70,755 | $66.7M | Add +152.1% |
| DECK Deckers Outdoor Corp. | 0.24% | 327,242 | $66.5M | Reduce -5.0% |
| ROST Ross Stores Inc. | 0.24% | 438,373 | $66.3M | Add +7.4% |
| MSCI MSCI Inc. | 0.23% | 108,486 | $65.1M | Add +316.7% |
| CME Cme Group Inc. | 0.23% | 279,062 | $64.8M | Add +29.8% |
| SYY Sysco Corp. | 0.23% | 847,018 | $64.8M | Add +6.6% |
Portfolio Sells Q3 2024 → Q4 2024
| INDA iShares MSCI India ETF | Sold out | 0.00% | −1.20 |
| INFA Informatica Inc. Class A | Reduce -97.2% | 0.01% | −0.31 |
| MCHI iShares MSCI China ETF | Sold out | 0.00% | −0.31 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.31 |
| TGT Target Corp. | Reduce -90.0% | 0.02% | −0.29 |
| FLUT Flutter Entertainment PLC-Di | Reduce -22.4% | 0.51% | −0.29 |
| DUK Duke Energy Corp. | Reduce -76.5% | 0.05% | −0.26 |
| T AT&T Inc. | Reduce -52.2% | 0.14% | −0.24 |
| LIN Linde PLC | Reduce -3.4% | 0.40% | −0.22 |
| MELI MercadoLibre Inc. | Reduce -13.8% | 0.25% | −0.21 |
| BUR Burford Capital Ltd. | Reduce -18.5% | 0.29% | −0.20 |
| LMT Lockheed Martin Corp. | Reduce -6.9% | 0.28% | −0.20 |
| ELV Elevance Health Inc. | Reduce -30.2% | 0.11% | −0.19 |
| CASY Casey's General Stores Inc. | Reduce -38.7% | 0.18% | −0.19 |
| CMG Chipotle Mexican Grill Inc. | Reduce -62.0% | 0.08% | −0.19 |
| MKTX Marketaxess Holdings Inc. | Sold out | 0.00% | −0.18 |
| CSX CSX Corp. | Reduce -90.3% | 0.01% | −0.18 |
| VZ Verizon Communications Inc. | Reduce -10.4% | 0.26% | −0.17 |
| DHR Danaher Corp. | Reduce -24.9% | 0.15% | −0.17 |
| SHW The Sherwin-Williams Co. | Reduce -7.8% | 0.26% | −0.16 |
| PH Parker Hannifin Corp. | Reduce -58.3% | 0.07% | −0.15 |
| AU Anglogold Ashanti PLC | Reduce -45.5% | 0.08% | −0.15 |
| NEE Nextera Energy Inc. | Reduce -71.7% | 0.03% | −0.14 |
| HPE Hewlett Packard Enterprise | Reduce -60.5% | 0.06% | −0.14 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.29% | −0.14 |
| AZTA Azenta Inc. | Reduce -39.5% | 0.12% | −0.13 |
| ORCL Oracle Corp. | Reduce -6.3% | 0.30% | −0.13 |
| GEV GE Vernova Inc. | Reduce -51.7% | 0.12% | −0.13 |
| ILMN Illumina Inc. | Reduce -10.3% | 0.28% | −0.12 |
| WDAY Workday Inc. Class A | Reduce -88.9% | 0.01% | −0.12 |
| WTW Willis Towers Watson PLC | Reduce -98.1% | 0.00% | −0.12 |
| IQV Iqvia Holdings Inc. | Reduce -90.4% | 0.01% | −0.12 |
| TEL Te Connectivity PLC | Reduce -7.3% | 0.23% | −0.12 |
| CRGY Crescent Energy Inc. Class A | Sold out | 0.00% | −0.12 |
| DVN Devon Energy Corp. | Reduce -22.9% | 0.11% | −0.11 |
| U Unity Software Inc. | Sold out | 0.00% | −0.11 |
| CSL Carlisle Cos Inc. | Reduce -26.8% | 0.09% | −0.11 |
| TMUS T-Mobile US Inc. | Reduce -34.6% | 0.12% | −0.11 |
| TBBB BBB Foods Inc. Class A | Reduce -34.2% | 0.09% | −0.11 |
| EEMV iShares MSCI Emg MKT Min Vol | Reduce -23.4% | 0.12% | −0.10 |
| NU Nu Holdings Ltd./Cayman Isl-A | Reduce -65.3% | 0.03% | −0.10 |
| AEP American Electric Power | Reduce -37.1% | 0.08% | −0.10 |
| BURL Burlington Stores Inc. | Reduce -58.5% | 0.05% | −0.10 |
| APG Api Group Corp. | Reduce -14.9% | 0.22% | −0.09 |
| AFL Aflac Inc. | Reduce -84.2% | 0.01% | −0.09 |
| AZPN Aspen Technology Inc. | Sold out | 0.00% | −0.09 |
| XEL Xcel Energy Inc. | Reduce -98.3% | 0.00% | −0.09 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −0.09 |
| NOW ServiceNow Inc. | Reduce -18.9% | 0.24% | −0.09 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.09 |
Portfolio Buys Q3 2024 → Q4 2024
| IVV iShares Core S&P 500 ETF | Add +357.9% | 5.52% | +3.96 |
| TSLA Tesla Inc. | Add +71.7% | 1.29% | +0.65 |
| AAPL Apple Inc. | Add +39.1% | 5.11% | +0.60 |
| AMZN Amazon.com Inc. | Add +31.3% | 2.64% | +0.39 |
| AVGO Broadcom Inc. | Add +41.1% | 1.27% | +0.39 |
| EPAM Epam Systems Inc. | New | 0.31% | +0.31 |
| BKNG Booking Holdings Inc. | Add +234.8% | 0.46% | +0.31 |
| SPOT Spotify Technology SA | New | 0.27% | +0.27 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.26% | +0.26 |
| IJR iShares Core S&P Small-Cap E | New | 0.26% | +0.26 |
| NRG NRG Energy Inc. | Add +350.4% | 0.29% | +0.21 |
| NVDA Nvidia Corp. | Add +25.4% | 4.23% | +0.21 |
| BMY Bristol-Myers Squibb Co. | Add +293.1% | 0.29% | +0.20 |
| GOOGL Alphabet Inc. Class A | Add +25.0% | 2.58% | +0.19 |
| COST Costco Wholesale Corp. | Add +84.0% | 0.63% | +0.19 |
| MPC Marathon Petroleum Corp. | Add +456.1% | 0.26% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +776.0% | 0.20% | +0.18 |
| MO Altria Group Inc. | Add +136.4% | 0.38% | +0.17 |
| NFLX Netflix Inc. | Add +39.7% | 0.67% | +0.17 |
| MSCI MSCI Inc. | Add +316.7% | 0.23% | +0.16 |
| V Visa Inc. Class A | Add +56.0% | 0.61% | +0.16 |
| AZO AutoZone Inc. | Add +11848.7% | 0.16% | +0.16 |
| VST Vistra Corp. | Add +385.0% | 0.20% | +0.16 |
| EXPE Expedia Group Inc. | Add +193.3% | 0.23% | +0.15 |
| ACN Accenture PLC Class A | Add +73.2% | 0.62% | +0.14 |
| CBRE CBRE Group Inc. Class A | Add +132.1% | 0.31% | +0.14 |
| ADI Analog Devices Inc. | Add +696.5% | 0.17% | +0.14 |
| DOCU Docusign Inc. | Add +173.6% | 0.21% | +0.14 |
| TRV The Travelers Cos Inc. | Add +148.0% | 0.29% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +3741.7% | 0.14% | +0.14 |
| DD Dupont DE Nemours Inc. | Add +601.9% | 0.18% | +0.14 |
| CRM Salesforce Inc. | Add +57.0% | 0.43% | +0.13 |
| ORLY O'reilly Automotive Inc. | Add +7925.9% | 0.14% | +0.13 |
| CVX Chevron Corp. | Add +157.8% | 0.28% | +0.13 |
| MA Mastercard Inc. Class A | Add +47.6% | 0.81% | +0.13 |
| PNR Pentair PLC | Add +219.0% | 0.22% | +0.13 |
| ISRG Intuitive Surgical Inc. | Add +100.8% | 0.34% | +0.13 |
| MET Metlife Inc. | Add +10314.3% | 0.12% | +0.12 |
| BAH Booz Allen Hamilton Holdings | Add +328.1% | 0.20% | +0.12 |
| EQIX Equinix Inc. | Add +152.1% | 0.24% | +0.12 |
| PANW Palo Alto Networks Inc. | Add +465.3% | 0.16% | +0.12 |
| SE Sea Ltd.-ADR | Add +184.7% | 0.20% | +0.12 |
| LDOS Leidos Holdings Inc. | Add +151.6% | 0.28% | +0.12 |
| MCK McKesson Corp. | Add +88.6% | 0.29% | +0.11 |
| EA Electronic Arts Inc. | Add +165.7% | 0.22% | +0.11 |
| WMT Walmart Inc. | Add +39.5% | 0.69% | +0.11 |
| QCOM Qualcomm Inc. | Add +99.6% | 0.39% | +0.11 |
| FTNT Fortinet Inc. | Add +169.4% | 0.17% | +0.10 |
| ZBRA Zebra Technologies Corp. Class A | New | 0.10% | +0.10 |
| GRMN Garmin Ltd. | Add +79.3% | 0.27% | +0.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,510 | $37.3B | VOO, SPCX, NVDA, AAPL, MSFT |
| Q1 2026 | 1,478 | $24.0B | NVDA, AAPL, MSFT, AMZN, GOOGL |
| Q4 2025 | 1,619 | $28.9B | VOO, NVDA, AAPL, MSFT, AMZN |
| Q3 2025 | 2,023 | $24.9B | VOO, NVDA, AAPL, MSFT, AMZN |
| Q2 2025 | 2,054 | $23.8B | NVDA, MSFT, AAPL, AMZN, META |
| Q1 2025 | 2,077 | $24.0B | IVV, AAPL, NVDA, MSFT, AMZN |
| Q4 2024 | 1,538 | $27.7B | IVV, AAPL, NVDA, MSFT, AMZN |
| Q3 2024 | 1,484 | $21.0B | AAPL, MSFT, NVDA, GOOGL, AMZN |
| Q2 2024 | 1,556 | $17.6B | MSFT, AAPL, NVDA, INFA, GOOGL |
| Q1 2024 | 1,657 | $15.7B | MSFT, AAPL, NVDA, AMZN, GOOGL |