SEC 13F Intelligence

Managers / Q1 2026

Employees Retirement System of Texas

CIK 0001398739 · P.O. BOX 13207, AUSTIN, TX, 78711-3207 · 512-867-7711

Reported Value
$11.4B
Q1 2026
Positions
493
Filings on Record
31
2019–present window
Filed
May 13, 2026
original filing

Summary

Employees Retirement System Of Texas reported $11.4B in U.S.-listed holdings across 493 positions for Q1 2026.

Its largest position, VGIT, represents 12.2% of the portfolio.

Compared with Q4 2025, the fund opened 90 new positions and exited 93.

Portfolio Metrics

Turnover
+13.3%
vs prior filed quarter
Top-10 Concentration
+43.5%
share of reported value
Largest Position
+12.2%
Vanguard Scottsdale Fds
New / Exited
90 / 93
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q4 ’18: $6.3BQ4 ’18Q1 ’19: $6.6BQ2 ’19: $6.6BQ3 ’19: $6.4BQ4 ’19: $6.4BQ4 ’19Q1 ’20: $5.2BQ2 ’20: $6.6BQ3 ’20: $6.8BQ4 ’20: $6.3BQ4 ’20Q1 ’21: $7.8BQ2 ’21: $8.2BQ3 ’21: $8.6BQ4 ’21: $8.9BQ4 ’21Q1 ’22: $8.4BQ2 ’22: $7.0BQ3 ’22: $6.6BQ4 ’22: $6.9BQ4 ’22Q1 ’23: $6.9BQ2 ’23: $7.3BQ3 ’23: $6.7BQ4 ’23: $8.5BQ4 ’23Q1 ’24: $9.2BQ2 ’24: $10.7BQ3 ’24: $11.6BQ4 ’24: $11.7BQ4 ’24Q1 ’25: $11.0BQ2 ’25: $12.3BQ3 ’25: $12.5BQ4 ’25: $12.3BQ4 ’25Q1 ’26: $11.4Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.1%ETP: 23.7%REIT: 2.1%MLP: 0.6%ADR: 0.4%Other: 0.1%
  • Common Stock · 73.1% · $8.4B
  • ETP · 23.7% · $2.7B
  • REIT · 2.1% · $244M
  • MLP · 0.6% · $65M
  • ADR · 0.4% · $49M
  • Other · 0.1% · $8M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VGKVANGUARD INTL EQUITY INDEX FNEW+2.00M2.00M+$165M$165M
ABBVABBVIE INCNEW+455.8K455.8K+$99M$99M
CCLCARNIVAL CORPNEW+2.30M2.30M+$60M$60M
PPHVANECK ETF TRUSTNEW+531.6K531.6K+$55M$55M
EWJISHARES INCNEW+592.4K592.4K+$50M$50M
CATCATERPILLAR INCNEW+61.4K61.4K+$44M$44M
XRTSPDR SERIES TRUSTNEW+526.6K526.6K+$42M$42M
WDCWESTERN DIGITAL CORPNEW+155.5K155.5K+$42M$42M

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

Holdings — Q1 2026

488 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGITVANGUARD SCOTTSDALE FDShistory →INTER TERM TREAS12.18%$1.4B23.39M
2NVDANVIDIA CORPORATIONhistory →COM5.39%$617M3.54M
3AAPLAPPLE INChistory →COM4.54%$519M2.04M
4MSFTMICROSOFT CORPhistory →COM4.45%$509M1.38M
5DBX ETF TRXTRACK USD HIGH3.60%$411M11.37M
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.43%$392M1.37M
7AMZNAMAZON COM INChistory →COM3.37%$386M1.85M
8IAUISHARES GOLD TRhistory →ISHARES NEW2.54%$290M3.29M
9AVGOBROADCOM INChistory →COM2.29%$262M846.9K
10EXMOCEXXON MOBIL CORPhistory →COM1.74%$199M1.17M
11METAMETA PLATFORMS INChistory →CL A1.59%$182M318.4K
12VGKVANGUARD INTL EQUITY INDEX Fhistory →FTSE EUROPE ETF1.44%$165M2.00M
13LLYELI LILLY & COhistory →COM1.39%$159M172.9K
14JPMJPMORGAN CHASE & COhistory →COM1.32%$151M513.4K
15VVISA INChistory →COM CL A1.17%$134M441.8K
16WMTWALMART INChistory →COM1.16%$133M1.07M
17TSLATESLA INChistory →COM1.14%$131M351.8K
18XBISPDR SERIES TRUSTSTATE STREET SPD1.14%$130M1.21M
19MAMASTERCARD INCORPORATEDhistory →CL A1.14%$130M260.5K
20NEMNEWMONT CORPhistory →COM1.06%$121M1.12M
21HDHOME DEPOT INChistory →COM1.03%$118M357.7K
22COSTCOSTCO WHOLESALE CORPORATIONhistory →COM1.02%$116M116.8K
23VEAVANGUARD TAX-MANAGED FDShistory →VAN FTSE DEV MKT1.01%$115M1.80M
24PHPARKER-HANNIFIN CORPhistory →COM0.99%$113M126.4K
25BACBANK AMERICA CORPhistory →COM0.98%$112M2.30M
26FCXFREEPORT MCMORAN INChistory →CL B0.95%$109M1.85M
27NFLXNETFLIX INC.history →COM0.92%$106M1.10M
28SCHWSCHWAB CHARLES CORPhistory →COM0.88%$101M1.08M
29PANWPALO ALTO NETWORKS INChistory →COM0.88%$101M628.1K
30ABBVABBVIE INChistory →COM0.87%$99M455.8K
31KOCOCA COLA COhistory →COM0.86%$99M1.30M
32MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.83%$95M218.8K
33CDNSCADENCE DESIGN SYSTEM INChistory →COM0.76%$87M314.7K
34ISRGINTUITIVE SURGICAL INChistory →COM NEW0.71%$81M175.1K
35TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.70%$80M163.7K
36TJXTJX COS INC NEWhistory →COM0.69%$79M495.0K
37ANETARISTA NETWORKS INChistory →COM SHS0.68%$78M635.2K
38FITBFIFTH THIRD BANCORPhistory →COM0.66%$76M1.63M
39AMDADVANCED MICRO DEVICES INChistory →COM0.66%$76M371.2K
40ETRENTERGY CORP NEWhistory →COM0.66%$75M671.2K
41MSMORGAN STANLEYhistory →COM NEW0.66%$75M457.9K
42FASTFASTENAL COhistory →COM0.66%$75M1.62M
43DHRDANAHER CORP DELhistory →COM0.66%$75M395.1K
44TMUST-MOBILE US INChistory →COM0.65%$75M356.2K
45EQIXEQUINIX INChistory →COM0.64%$73M74.5K
46AMEAMETEK INChistory →COM0.64%$73M340.4K
47ALLYALLY FINL INChistory →COM0.64%$73M1.86M
48WECWEC ENERGY GROUP INChistory →COM0.63%$72M625.9K
49ICEINTERCONTINENTAL EXCHANGE INhistory →COM0.63%$72M458.4K
50ODFLOLD DOMINION FREIGHT LINE INhistory →COM0.63%$72M366.7K
51VTRVENTAS INChistory →COM0.59%$68M832.0K
52MDTMEDTRONIC PLChistory →SHS0.59%$68M780.7K
53ETENERGY TRANSFER L Phistory →COM UT LTD PTN0.57%$65M3.35M
54SYKSTRYKER CORPORATIONhistory →COM0.56%$64M195.9K
55TTTRANE TECHNOLOGIES PLChistory →SHS0.56%$64M153.3K
56HIGHARTFORD INSURANCE GROUP INChistory →COM0.56%$64M470.5K
57SLBSLB LIMITEDhistory →COM STK0.55%$63M1.23M
58ETNEATON CORP PLChistory →SHS0.55%$63M175.2K
59NOWSERVICENOW INChistory →COM0.54%$62M589.1K
60EWJISHARES INCMSCI JAPAN ETF · MSCI EMRG CHN0.53%$61M729.4K
61CCLCARNIVAL CORPhistory →COMMON STOCK0.52%$60M2.30M
62WMWASTE MGMT INC DELhistory →COM0.51%$58M253.6K
63PLDPROLOGIS INC.history →COM0.51%$58M438.6K
64NXPINXP SEMICONDUCTORS N Vhistory →COM0.50%$57M288.6K
65LNGCHENIERE ENERGY INChistory →COM NEW0.49%$56M197.3K
66AXPAMERICAN EXPRESS COhistory →COM0.49%$56M183.8K
67PPHVANECK ETF TRUSThistory →PHARMACEUTCL ETF0.48%$55M531.6K
68SPOTSPOTIFY TECHNOLOGY S Ahistory →SHS0.48%$55M113.8K
69PAAAPGIM ETF TRhistory →AAA CLO ETF0.45%$51M1.00M
70VRTVERTIV HOLDINGS COhistory →COM CL A0.43%$50M198.1K
71MNSTMONSTER BEVERAGE CORP NEWhistory →COM0.43%$49M679.0K
72TDGTRANSDIGM GROUP INChistory →COM0.39%$45M38.6K
73CATCATERPILLAR INChistory →COM0.38%$44M61.4K
74BSXBOSTON SCIENTIFIC CORPhistory →COM0.37%$42M671.7K
75WDCWESTERN DIGITAL CORPhistory →COM0.37%$42M155.5K
76WSOWATSCO INChistory →COM0.34%$39M107.2K
77NINISOURCE INChistory →COM0.34%$39M832.9K
78PSAPUBLIC STORAGE OPER COhistory →COM0.33%$38M138.7K
79AJGGALLAGHER ARTHUR J & COhistory →COM0.31%$36M165.2K
80XLISELECT SECTOR SPDR TRSTATE STREET IND · STATE STREET CON0.31%$36M221.9K
81BABOEING COhistory →COM0.31%$36M179.6K
82DXCMDEXCOM INChistory →COM0.30%$34M547.9K
83APHAMPHENOL CORPhistory →CL A0.25%$28M224.0K
84TOSTTOAST INChistory →CL A0.25%$28M1.06M
85ADBEADOBE INChistory →COM0.19%$22M89.7K
86ASMLASML HLDG NVhistory →N Y REGISTRY SHS0.17%$19M14.5K
87LRCXLAM RESEARCH CORPhistory →COM NEW0.14%$16M75.6K
88DISDISNEY WALT COhistory →COM0.13%$15M150.6K
89SNDKSANDISK CORPhistory →COM0.11%$13M20.3K
90LVSLAS VEGAS SANDS CORPhistory →COM0.11%$13M238.1K
91LINLINDE PLChistory →SHS0.10%$12M24.1K
92TSMTAIWAN SEMICONDUCTOR MANUFAChistory →SPONSORED ADS0.10%$12M35.3K
93CVXCHEVRON CORPORATIONhistory →COM0.10%$11M53.6K
94WPMWHEATON PRECIOUS METALS CORPhistory →COM0.09%$11M82.3K
95BMYBRISTOL-MYERS SQUIBB COhistory →COM0.09%$10M167.6K
96FTNTFORTINET INChistory →COM0.09%$10M123.5K
97CRMSALESFORCE INChistory →COM0.09%$10M53.6K
98BKNGBOOKING HOLDINGS INCCOM0.08%$10M2.3K
99RMDRESMED INCCOM0.07%$9M38.1K
100EWEDWARDS LIFESCIENCES CORPCOM0.07%$9M106.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$11.4B493May 13, 202613F-HRchanges · EDGAR ↗
Q4 2025$12.3B496Feb 9, 202613F-HRchanges · EDGAR ↗
Q3 2025$12.5B507Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$12.3B523Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$11.0B264May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$11.7B311Feb 28, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$11.6B334Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$10.7B315Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$9.2B328May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$8.5B340Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$6.7B297Nov 16, 202313F-HRchanges · EDGAR ↗
Q2 2023$7.3B321Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.9B330Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.9B333Feb 15, 202313F-HRchanges · EDGAR ↗
Q3 2022$6.6B349Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$7.0B711Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$8.4B748May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$8.9B755Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$8.6B787Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$8.2B735Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$7.8B729May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$6.3B645Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$6.8B708Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$6.6B728Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$5.2B746May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$6.4B777Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$6.4B850Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$6.6B1,086Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$6.6B1,055May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$6.3B1,057Feb 12, 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 ↗.