SEC 13F Intelligence

Managers / Q3 2020 · view latest →

TEACHER RETIREMENT SYSTEM OF TEXAS

CIK 0000796848 · 4655 MUELLER BLVD, AUSTIN, TX, 78723 · 5125426275

Reported Value
$15.5B
Q3 2020
Positions
1,155
Filings on Record
31
2019–present window
Filed
Nov 2, 2020
original filing

Summary

Teacher Retirement System Of Texas reported $15.5B in U.S.-listed holdings across 1,155 positions for Q3 2020.

Its largest position, BABA, represents 4.9% of the portfolio.

Compared with Q2 2020, the fund opened 324 new positions and exited 34.

Portfolio Metrics

Turnover
+8.0%
vs prior filed quarter
Top-10 Concentration
+23.4%
share of reported value
Largest Position
+4.9%
Alibaba Group Hldg
New / Exited
324 / 34
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $11.7BQ1 ’19Q2 ’19: $12.0BQ3 ’19: $11.4BQ4 ’19: $12.8BQ1 ’20: $9.3BQ1 ’20Q2 ’20: $12.3BQ3 ’20: $15.5BQ4 ’20: $16.6BQ1 ’21: $18.0BQ1 ’21Q2 ’21: $18.1BQ3 ’21: $18.5BQ4 ’21: $22.3BQ1 ’22: $19.5BQ1 ’22Q2 ’22: $14.9BQ3 ’22: $13.8BQ1 ’23: $15MQ2 ’23: $15MQ2 ’23Q3 ’23: $15MQ4 ’23: $15MQ1 ’24: $16MQ2 ’24: $18MQ2 ’24Q3 ’24: $21MQ4 ’24: $28MQ2 ’25: $23.8BQ3 ’25: $24.9BQ3 ’25Q4 ’25: $28.9BQ1 ’26: $24.0Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.5%ADR: 7.0%Other: 3.9%REIT: 1.9%ETP: 1.5%Other: 0.2%
  • Common Stock · 85.5% · $13.2B
  • ADR · 7.0% · $1.1B
  • Other · 3.9% · $606M
  • REIT · 1.9% · $293M
  • ETP · 1.5% · $233M
  • Other · 0.2% · $37M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+1.21M1.21M+$41M$41M
NETCLOUDFLARE INCNEW+890.7K890.7K+$37M$37M
PGNYPROGYNY INCNEW+1.05M1.05M+$31M$31M
GDSGDS HLDGS LTDNEW+341.7K341.7K+$28M$28M
REALTHE REALREAL INCNEW+874.2K874.2K+$13M$13M
MTCHMATCH GROUP INC NEWNEW+105.8K105.8K+$12M$12M
1LIFE HEALTHCARE INCNEW+259.2K259.2K+$7M$7M
CDECOEUR MNG INCNEW+908.9K908.9K+$7M$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2020

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.92%$760M2.59M
2AAPLAPPLE INChistory →COM4.59%$710M6.13M
3MSFTMICROSOFT CORPhistory →COM3.65%$564M2.68M
4AMZNAMAZON COM INChistory →COM3.32%$514M163.1K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.40%$371M253.0K
6METAFACEBOOK INChistory →CL A1.38%$213M813.6K
7JNJJOHNSON & JOHNSONhistory →COM1.19%$185M1.24M
8DGDOLLAR GEN CORP NEWhistory →COM0.93%$143M682.9K
9ICEINTERCONTINENTAL EXCHANGE INhistory →COM0.91%$141M1.41M
10PGPROCTER AND GAMBLE COhistory →COM0.90%$140M1.00M
11NVDANVIDIA CORPORATIONhistory →COM0.85%$131M241.9K
12BACVERIZON COMMUNICATIONS INChistory →COM0.82%$127M2.13M
13HDHOME DEPOT INChistory →COM0.71%$110M397.4K
14UNHUNITEDHEALTH GROUP INChistory →COM0.70%$108M345.4K
15VVISA INChistory →COM CL A0.68%$106M529.0K
16BMYBRISTOL-MYERS SQUIBB COhistory →COM0.67%$103M1.71M
17INTCINTEL CORPhistory →COM0.66%$103M1.98M
18WMTWALMART INChistory →COM0.64%$99M710.0K
19CSGPCOSTAR GROUP INChistory →COM0.62%$96M113.1K
20AG8AGILENT TECHNOLOGIES INChistory →COM0.62%$96M950.4K
21CTXSEURCITRIX SYS INChistory →COM0.62%$96M695.3K
22ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.61%$94M191.9K
23CDWCDW CORPhistory →COM0.59%$91M761.4K
24MAMASTERCARD INCORPORATEDhistory →CL A0.58%$90M265.9K
25CSCOCISCO SYS INChistory →COM0.57%$89M2.25M
26IAA-WUSDIAA INChistory →COM0.57%$89M1.70M
27ABBVABBVIE INChistory →COM0.55%$85M970.4K
28FLT1EURFLEETCOR TECHNOLOGIES INChistory →COM0.55%$85M356.3K
29ACCENTURE PLC IRELANDSHS CLASS A0.54%$84M371.8K
30CHECHEMED CORP NEWhistory →COM0.54%$84M174.4K
31BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.53%$82M382.9K
32NFLXNETFLIX INChistory →COM0.52%$80M159.7K
33LWLAMB WESTON HLDGS INChistory →COM0.51%$79M1.19M
34LABORATORY CORP AMER HLDGSCOM NEW0.50%$77M408.9K
35BERYEURBERRY GLOBAL GROUP INChistory →COM0.50%$77M1.59M
36JPMJPMORGAN CHASE & COhistory →COM0.50%$77M798.8K
37AMEAMETEK INChistory →COM0.49%$76M765.9K
38SPBSPECTRUM BRANDS HLDGS INC NEhistory →COM0.49%$76M1.33M
39ORCLORACLE CORPhistory →COM0.49%$76M1.27M
40FTDRFRONTDOOR INChistory →COM0.49%$75M1.94M
41TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.49%$75M170.2K
42OSKOSHKOSH CORPhistory →COM0.48%$75M1.02M
43COSTCOSTCO WHSL CORP NEWhistory →COM0.48%$75M210.1K
44MRKMERCK & CO. INChistory →COM0.47%$73M878.2K
45TSLATESLA INChistory →COM0.46%$72M167.2K
46INTUINTUIThistory →COM0.45%$70M214.1K
47AMGNAMGEN INChistory →COM0.45%$69M272.7K
48PFEPFIZER INChistory →COM0.44%$68M1.86M
49EEFTEURONET WORLDWIDE INChistory →COM0.44%$67M739.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$24.0B1,478Apr 30, 202613F-HRchanges · EDGAR ↗
Q4 2025$28.9B1,619Jan 28, 202613F-HRchanges · EDGAR ↗
Q3 2025$24.9B2,023Oct 30, 202513F-HRchanges · EDGAR ↗
Q2 2025$23.8B2,054Aug 1, 202513F-HRchanges · EDGAR ↗
Q1 2025Under review2,077Apr 28, 202513F-HRchanges · EDGAR ↗
Q4 2024$28M1,538Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$21M1,484Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$18M1,556Aug 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$16M1,657May 6, 202413F-HRchanges · EDGAR ↗
Q4 2023$15M1,769Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$15M1,902Oct 31, 202313F-HRchanges · EDGAR ↗
Q2 2023$15M1,932Jul 19, 2023RESTATEMENTchanges · EDGAR ↗
Q1 2023$15M2,086May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review2,072Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$13.8B2,192Nov 3, 202213F-HRchanges · EDGAR ↗
Q2 2022$14.9B1,971Aug 9, 202213F-HRchanges · EDGAR ↗
Q1 2022$19.5B2,165May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$22.3B2,193Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$18.5B2,042Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$18.1B1,929Aug 5, 202113F-HRchanges · EDGAR ↗
Q1 2021$18.0B1,751May 11, 202113F-HRchanges · EDGAR ↗
Q4 2020$16.6B1,552Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$15.5B1,155Nov 2, 202013F-HRchanges · EDGAR ↗
Q2 2020$12.3B865Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$9.3B587May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$12.8B576Feb 6, 202013F-HRchanges · EDGAR ↗
Q3 2019$11.4B575Oct 28, 201913F-HRchanges · EDGAR ↗
Q2 2019$12.0B525Aug 5, 201913F-HRchanges · EDGAR ↗
Q1 2019$11.7B546May 6, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.