Teacher Retirement System of Texas
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Teacher Retirement System of Texas reported 2,077 stock positions worth $24.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 6.1% of the portfolio, followed by Apple (AAPL, 4.6%) and Nvidia (NVDA, 3.6%). Compared with Q4 2024, it opened 605 new positions, sold out of 67, added to 545 and reduced 920. The biggest buy was a new position in iShares MSCI India ETF (INDA) and the biggest sale Alphabet Class A (GOOGL, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- AUSTIN, TX
- CIK
- 0000796848
- Portfolio Value
- $24.0B (Q1 2025)
- SEC Filing
- 0000796848-25-000004 ↗ filed Apr 28, 2025
Holdings Value
Holdings 2,077 stocks · $24.0B
| IVV iShares Core S&P 500 ETF | 6.07% | 2,589,638 | $1.5B | Reduce -0.3% |
| AAPL Apple Inc. | 4.59% | 4,955,786 | $1.1B | Reduce -12.5% |
| NVDA Nvidia Corp. | 3.59% | 7,930,759 | $859.5M | Reduce -9.2% |
| MSFT Microsoft Corp. | 3.52% | 2,246,776 | $843.4M | Reduce -10.1% |
| AMZN Amazon.com Inc. | 2.39% | 3,008,242 | $572.3M | Reduce -9.9% |
| META Meta Platforms Inc. Class A | 1.76% | 731,642 | $421.7M | Reduce -15.3% |
| GOOGL Alphabet Inc. Class A | 1.73% | 2,681,633 | $414.7M | Reduce -28.9% |
| VOO Vanguard S&P 500 ETF | 1.72% | 804,143 | $413.3M | Add +8.1% |
| INDA iShares MSCI India ETF | 1.22% | 5,691,576 | $293.0M | New |
| LLY Eli Lilly & Co. | 1.16% | 335,468 | $277.1M | Add +10.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.99% | 445,096 | $237.0M | Reduce -13.1% |
| AVGO Broadcom Inc. | 0.97% | 1,390,559 | $232.8M | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 0.97% | 945,560 | $231.9M | Reduce -12.0% |
| UNH Unitedhealth Group Inc. | 0.94% | 432,078 | $226.3M | Add +10.3% |
| TSLA Tesla Inc. | 0.88% | 817,916 | $212.0M | Reduce -7.6% |
| MA Mastercard Inc. Class A | 0.73% | 321,169 | $176.0M | Reduce -24.8% |
| XOM Exxon Mobil Corp. | 0.72% | 1,460,382 | $173.7M | Reduce -0.3% |
| V Visa Inc. Class A | 0.72% | 492,062 | $172.4M | Reduce -8.0% |
| JNJ Johnson & Johnson | 0.65% | 936,135 | $155.2M | Reduce -7.2% |
| NFLX Netflix Inc. | 0.64% | 165,534 | $154.4M | Reduce -21.0% |
| ABBV Abbvie Inc. | 0.61% | 700,203 | $146.7M | Reduce -7.3% |
| WMT Walmart Inc. | 0.58% | 1,587,411 | $139.4M | Reduce -25.3% |
| PG The Procter & Gamble Co. | 0.56% | 793,729 | $135.3M | Reduce -22.3% |
| GOOG Alphabet Inc. Class C | 0.55% | 843,591 | $131.8M | Add +184.5% |
| HD Home Depot Inc. | 0.54% | 351,131 | $128.7M | Reduce -6.4% |
| COST Costco Wholesale Corp. | 0.52% | 132,836 | $125.6M | Reduce -30.6% |
| LIN Linde PLC | 0.50% | 256,199 | $119.3M | Reduce -3.0% |
| CSCO Cisco Systems Inc. | 0.46% | 1,800,676 | $111.1M | Reduce -28.8% |
| ACN Accenture PLC Class A | 0.46% | 353,464 | $110.3M | Reduce -27.4% |
| KO The Coca-Cola Co. | 0.45% | 1,500,278 | $107.4M | Reduce -10.8% |
| VWO Vanguard Ftse Emerging Marke | 0.45% | 2,358,513 | $106.7M | No change |
| SPOT Spotify Technology SA | 0.44% | 192,175 | $105.7M | Add +14.0% |
| WFC Wells Fargo & Co. | 0.43% | 1,431,598 | $102.8M | Reduce -35.8% |
| MRK Merck & Co. Inc. | 0.43% | 1,141,381 | $102.5M | Reduce -6.3% |
| PM Philip Morris International | 0.42% | 632,521 | $100.4M | Reduce -45.9% |
| ABT Abbott Laboratories | 0.41% | 736,551 | $97.7M | Add +23.5% |
| CVX Chevron Corp. | 0.40% | 578,975 | $96.9M | Add +9.3% |
| ISRG Intuitive Surgical Inc. | 0.39% | 189,749 | $94.0M | Add +6.3% |
| CRM Salesforce Inc. | 0.39% | 349,890 | $93.9M | Reduce -2.3% |
| GE General Electric filed as GE AEROSPACE | 0.38% | 457,435 | $91.6M | Reduce -20.1% |
| PEP Pepsico Inc. | 0.37% | 589,097 | $88.3M | Add +12.4% |
| BSX Boston Scientific Corp. | 0.37% | 871,649 | $87.9M | Add +25.6% |
| TMO Thermo Fisher Scientific Inc. | 0.36% | 172,754 | $86.0M | Reduce -26.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.36% | 343,611 | $85.4M | Reduce -11.0% |
| QCOM Qualcomm Inc. | 0.35% | 551,757 | $84.8M | Reduce -22.6% |
| WCN Waste Connections Inc. | 0.34% | 423,307 | $82.6M | Add +166.3% |
| ADBE Adobe Inc. | 0.34% | 213,671 | $81.9M | Reduce -19.3% |
| MELI MercadoLibre Inc. | 0.34% | 41,956 | $81.9M | Add +2.9% |
| BKNG Booking Holdings Inc. | 0.33% | 17,307 | $79.7M | Reduce -32.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.33% | 1,887,315 | $78.8M | Reduce -27.8% |
| BUR Burford Capital Ltd. | 0.33% | 5,920,000 | $78.2M | Reduce -7.1% |
| CMCSA Comcast Corp. Class A | 0.32% | 2,090,103 | $77.1M | Reduce -17.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.32% | 627,413 | $76.4M | Reduce -39.0% |
| SYK Stryker Corp. | 0.32% | 204,459 | $76.1M | Add +31.6% |
| ADP Automatic Data Processing | 0.30% | 237,568 | $72.6M | Reduce -40.3% |
| FLUT Flutter Entertainment PLC-Di | 0.30% | 327,227 | $72.5M | Reduce -40.7% |
| T AT&T Inc. | 0.30% | 2,520,544 | $71.3M | Add +42.9% |
| SPGI S&P Global Inc. | 0.29% | 136,930 | $69.6M | Reduce -26.2% |
| VZ Verizon Communications Inc. | 0.29% | 1,508,346 | $68.4M | Reduce -17.2% |
| ELV Elevance Health Inc. | 0.28% | 156,187 | $67.9M | Add +81.9% |
| UNP Union Pacific Corp. | 0.28% | 286,777 | $67.7M | Reduce -23.1% |
| MO Altria Group Inc. | 0.28% | 1,108,171 | $66.5M | Reduce -45.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 299,349 | $66.4M | No change |
| KSA Ishrs MSCI Saudi Arabia ETF | 0.28% | 1,599,548 | $66.2M | New |
| DOV Dover Corp. | 0.27% | 369,655 | $64.9M | Add +10.1% |
| TW Tradeweb Markets Inc. Class A | 0.27% | 435,090 | $64.6M | Reduce -24.9% |
| RTX RTX Corp. | 0.27% | 487,526 | $64.6M | Reduce -6.5% |
| IJR iShares Core S&P Small-Cap E | 0.27% | 617,457 | $64.6M | No change |
| MCD McDonald's Corp. | 0.27% | 204,824 | $64.0M | Add +5.2% |
| PLTR Palantir Technologies Inc. Class A | 0.26% | 745,044 | $62.9M | Add +43.0% |
| INTU Intuit Inc. | 0.26% | 102,271 | $62.8M | Reduce -19.8% |
| TMUS T-Mobile US Inc. | 0.26% | 230,654 | $61.5M | Add +50.5% |
| VRTX Vertex Pharmaceuticals Inc. | 0.26% | 126,824 | $61.5M | Add +20.9% |
| AXP American Express Co. | 0.26% | 228,470 | $61.5M | Reduce -30.5% |
| BMY Bristol-Myers Squibb Co. | 0.25% | 975,148 | $59.5M | Reduce -30.7% |
| PFE Pfizer Inc. | 0.25% | 2,330,864 | $59.1M | Add +18.4% |
| PGR Progressive Corp. | 0.25% | 208,281 | $58.9M | Reduce -40.8% |
| TXN Texas Instruments Inc. | 0.24% | 323,073 | $58.1M | Add +50.4% |
| CAT Caterpillar Inc. | 0.24% | 175,583 | $57.9M | Reduce -31.6% |
| NOW ServiceNow Inc. | 0.23% | 70,309 | $56.0M | Add +10.7% |
| APH Amphenol Corp. Class A | 0.23% | 847,527 | $55.6M | Reduce -28.6% |
| LOW Lowe's Cos Inc. | 0.23% | 238,275 | $55.6M | Add +34.5% |
| NOC Northrop Grumman Corp. | 0.22% | 105,076 | $53.8M | Reduce -32.7% |
| APG Api Group Corp. | 0.22% | 1,499,292 | $53.6M | Reduce -12.7% |
| ILMN Illumina Inc. | 0.22% | 669,730 | $53.1M | Add +15.0% |
| ORCL Oracle Corp. | 0.22% | 376,106 | $52.6M | Reduce -24.5% |
| AMAT Applied Materials Inc. | 0.22% | 359,086 | $52.1M | Reduce -39.0% |
| RBRK Rubrik Inc. Class A | 0.22% | 854,255 | $52.1M | New |
| FISV Fiserv Inc. | 0.21% | 232,732 | $51.4M | Add +27.9% |
| AMGN Amgen Inc. | 0.21% | 164,515 | $51.3M | Reduce -13.7% |
| ANET Arista Networks Inc. | 0.21% | 659,732 | $51.1M | Reduce -34.1% |
| MMM 3M Co. | 0.21% | 345,382 | $50.7M | Reduce -53.8% |
| MSI Motorola Solutions Inc. | 0.21% | 113,575 | $49.7M | Reduce -21.9% |
| MRSH Marsh & McLennan Cos | 0.21% | 203,676 | $49.7M | Reduce -38.4% |
| TT Trane Technologies PLC | 0.21% | 146,930 | $49.5M | Reduce -33.4% |
| ADSK Autodesk Inc. | 0.20% | 186,297 | $48.8M | Add +19.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.20% | 491,034 | $48.5M | Add +21.0% |
| WELL Welltower Inc. | 0.20% | 313,745 | $48.1M | Reduce -41.8% |
| MDT Medtronic PLC | 0.20% | 533,525 | $47.9M | Reduce -60.4% |
| MCK McKesson Corp. | 0.20% | 70,792 | $47.6M | Reduce -50.1% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -28.9% | 1.73% | −0.85 |
| NVDA Nvidia Corp. | Reduce -9.2% | 3.59% | −0.64 |
| AAPL Apple Inc. | Reduce -12.5% | 4.59% | −0.52 |
| TSLA Tesla Inc. | Reduce -7.6% | 0.88% | −0.40 |
| AVGO Broadcom Inc. | Reduce -8.3% | 0.97% | −0.30 |
| MSFT Microsoft Corp. | Reduce -10.1% | 3.52% | −0.28 |
| AMZN Amazon.com Inc. | Reduce -9.9% | 2.39% | −0.25 |
| EPAM Epam Systems Inc. | Reduce -66.3% | 0.09% | −0.22 |
| DECK Deckers Outdoor Corp. | Reduce -89.9% | 0.02% | −0.22 |
| PYPL PayPal Holdings Inc. | Reduce -46.1% | 0.20% | −0.21 |
| FLUT Flutter Entertainment PLC-Di | Reduce -40.7% | 0.30% | −0.21 |
| MDT Medtronic PLC | Reduce -60.4% | 0.20% | −0.19 |
| ANET Arista Networks Inc. | Reduce -34.1% | 0.21% | −0.19 |
| MPC Marathon Petroleum Corp. | Reduce -74.8% | 0.08% | −0.18 |
| BAH Booz Allen Hamilton Holdings | Reduce -89.0% | 0.02% | −0.18 |
| EA Electronic Arts Inc. | Reduce -83.0% | 0.04% | −0.18 |
| TTEK Tetra Tech Inc. | Reduce -84.4% | 0.03% | −0.17 |
| NTAP Netapp Inc. | Reduce -56.9% | 0.10% | −0.17 |
| TRV The Travelers Cos Inc. | Reduce -65.0% | 0.13% | −0.16 |
| CL Colgate-Palmolive Co. | Reduce -55.3% | 0.18% | −0.16 |
| ACN Accenture PLC Class A | Reduce -27.4% | 0.46% | −0.16 |
| CTAS Cintas Corp. | Reduce -66.3% | 0.12% | −0.16 |
| MSCI MSCI Inc. | Reduce -69.0% | 0.08% | −0.16 |
| GM General Motors Co. | Reduce -45.0% | 0.19% | −0.15 |
| SYY Sysco Corp. | Reduce -66.6% | 0.09% | −0.15 |
| WAB Wabtec Corp. | Reduce -73.1% | 0.06% | −0.14 |
| MMM 3M Co. | Reduce -53.8% | 0.21% | −0.14 |
| WFC Wells Fargo & Co. | Reduce -35.8% | 0.43% | −0.14 |
| NVR NVR Inc. | Reduce -47.5% | 0.16% | −0.14 |
| CBRE CBRE Group Inc. Class A | Reduce -50.7% | 0.18% | −0.13 |
| NRG NRG Energy Inc. | Reduce -55.5% | 0.16% | −0.13 |
| PNR Pentair PLC | Reduce -59.7% | 0.09% | −0.13 |
| LDOS Leidos Holdings Inc. | Reduce -49.9% | 0.15% | −0.13 |
| BKNG Booking Holdings Inc. | Reduce -32.9% | 0.33% | −0.13 |
| TJX TJX Companies Inc. | Reduce -39.0% | 0.32% | −0.13 |
| AMAT Applied Materials Inc. | Reduce -39.0% | 0.22% | −0.13 |
| GRMN Garmin Ltd. | Reduce -54.9% | 0.15% | −0.12 |
| DOCU Docusign Inc. | Reduce -59.3% | 0.09% | −0.12 |
| AZTA Azenta Inc. | Reduce -99.1% | 0.00% | −0.12 |
| LMT Lockheed Martin Corp. | Reduce -46.5% | 0.16% | −0.12 |
| RMD Resmed Inc. | Reduce -87.2% | 0.02% | −0.12 |
| ADP Automatic Data Processing | Reduce -40.3% | 0.30% | −0.12 |
| HOLX Hologic Inc. | Reduce -68.9% | 0.05% | −0.12 |
| UHS Universal Health Services-B | Reduce -67.0% | 0.07% | −0.11 |
| WMT Walmart Inc. | Reduce -25.3% | 0.58% | −0.11 |
| TEL Te Connectivity PLC | Reduce -54.3% | 0.12% | −0.11 |
| HIG Hartford Insurance Group Inc. | Reduce -52.5% | 0.18% | −0.11 |
| COST Costco Wholesale Corp. | Reduce -30.6% | 0.52% | −0.11 |
| MO Altria Group Inc. | Reduce -45.2% | 0.28% | −0.10 |
| NKE Nike Inc. Class B | Reduce -56.9% | 0.07% | −0.10 |
Portfolio Buys Q4 2024 → Q1 2025
| INDA iShares MSCI India ETF | New | 1.22% | +1.22 |
| GOOG Alphabet Inc. Class C | Add +184.5% | 0.55% | +0.35 |
| LLY Eli Lilly & Co. | Add +10.9% | 1.16% | +0.31 |
| VOO Vanguard S&P 500 ETF | Add +8.1% | 1.72% | +0.28 |
| KSA Ishrs MSCI Saudi Arabia ETF | New | 0.28% | +0.28 |
| WCN Waste Connections Inc. | Add +166.3% | 0.34% | +0.25 |
| UNH Unitedhealth Group Inc. | Add +10.3% | 0.94% | +0.23 |
| RBRK Rubrik Inc. Class A | New | 0.22% | +0.22 |
| ELV Elevance Health Inc. | Add +81.9% | 0.28% | +0.17 |
| SPOT Spotify Technology SA | Add +14.0% | 0.44% | +0.17 |
| ABT Abbott Laboratories | Add +23.5% | 0.41% | +0.16 |
| BAP Credicorp Ltd. | Add +811.5% | 0.18% | +0.16 |
| BJ Bj's Wholesale Club Holdings | Add +264.2% | 0.20% | +0.16 |
| T AT&T Inc. | Add +42.9% | 0.30% | +0.15 |
| CLX Clorox Company | New | 0.14% | +0.14 |
| BSX Boston Scientific Corp. | Add +25.6% | 0.37% | +0.14 |
| TMUS T-Mobile US Inc. | Add +50.5% | 0.26% | +0.13 |
| VIK Viking Holdings Ltd. | New | 0.13% | +0.13 |
| CVX Chevron Corp. | Add +9.3% | 0.40% | +0.13 |
| PEGA Pegasystems Inc. | Add +275.3% | 0.17% | +0.12 |
| PLTR Palantir Technologies Inc. Class A | Add +43.0% | 0.26% | +0.12 |
| U Unity Software Inc. | New | 0.12% | +0.12 |
| SYK Stryker Corp. | Add +31.6% | 0.32% | +0.12 |
| CRWV Coreweave Inc. Class A | New | 0.11% | +0.11 |
| SNPS Synopsys Inc. | Add +687.2% | 0.13% | +0.11 |
| KWT iShares MSCI Kuwait ETF | New | 0.11% | +0.11 |
| CYBR Cyberark Software Ltd./Israel | Add +648.5% | 0.12% | +0.11 |
| FNF Fidelity National Financial | New | 0.10% | +0.10 |
| VRTX Vertex Pharmaceuticals Inc. | Add +20.9% | 0.26% | +0.10 |
| SARO Standardaero Inc. | Add +102.0% | 0.17% | +0.10 |
| PINS Pinterest Inc. Class A | New | 0.10% | +0.10 |
| SCHW Schwab (charles) Corp. | Add +298.7% | 0.12% | +0.10 |
| TXN Texas Instruments Inc. | Add +50.4% | 0.24% | +0.10 |
| MNDY Monday.com Ltd. | Add +920.2% | 0.10% | +0.09 |
| UAE iShares MSCI Uae ETF | New | 0.09% | +0.09 |
| AMD Advanced Micro Devices | Add +227.3% | 0.13% | +0.09 |
| MNST Monster Beverage Corp. | Add +97.2% | 0.15% | +0.09 |
| MELI MercadoLibre Inc. | Add +2.9% | 0.34% | +0.09 |
| GWW WW Grainger Inc. | Add +140.6% | 0.14% | +0.09 |
| COP Conocophillips | Add +64.4% | 0.17% | +0.09 |
| NEE Nextera Energy Inc. | Add +226.7% | 0.12% | +0.09 |
| ROL Rollins Inc. | Add +1542.0% | 0.09% | +0.08 |
| KGS Kodiak Gas Services Inc. | New | 0.08% | +0.08 |
| PEP Pepsico Inc. | Add +12.4% | 0.37% | +0.08 |
| SO The Southern Co. | Add +35.7% | 0.19% | +0.08 |
| ROP Roper Technologies Inc. | Add +306.1% | 0.10% | +0.08 |
| PODD Insulet Corp. | Add +383.1% | 0.10% | +0.08 |
| FISV Fiserv Inc. | Add +27.9% | 0.21% | +0.08 |
| J Jacobs Solutions Inc. | Add +203.3% | 0.11% | +0.08 |
| NEM Newmont Corp. | Add +523.9% | 0.08% | +0.08 |
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 |