SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.3B
Q4 2018
Positions
1,057
Filings on Record
31
2019–present window
Filed
Feb 12, 2019
original filing

Summary

Employees Retirement System Of Texas reported $6.3B in U.S.-listed holdings across 1,057 positions for Q4 2018.

Its largest position, HYUP, represents 6.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+22.7%
share of reported value
Largest Position
+6.3%
Dbx Etf Tr

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: 70.7%ETP: 15.1%REIT: 8.2%ADR: 3.6%Other: 2.3%MLP: 0.1%
  • Common Stock · 70.7% · $4.5B
  • ETP · 15.1% · $951M
  • REIT · 8.2% · $517M
  • ADR · 3.6% · $227M
  • Other · 2.3% · $144M
  • MLP · 0.1% · $5M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
VANGUARD INTL EQUITY INDEX FNEW+1.87M1.87M+$177M$177M
MSFTMICROSOFT CORPNEW+1.39M1.39M+$141M$141M
DBX ETF TRNEW+2.90M2.90M+$136M$136M
HYUPDBX ETF TRNEW+2.95M2.95M+$133M$133M
HYDWDBX ETF TRNEW+2.75M2.75M+$130M$130M
AAPLAPPLE INCNEW+668.1K668.1K+$105M$105M
AMZNAMAZON COM INCNEW+69.1K69.1K+$104M$104M
GOOGALPHABET INCNEW+59.4K59.4K+$62M$62M

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

Holdings — Q4 2018

486 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HYUPDBX ETF TRXTRACK USD HIGH · XTRACKERS HIGH · XTRACKERS LOW6.31%$398M8.60M
2VGKVANGUARD INTL EQUITY INDEX FFTSE SMCAP ETF · FTSE EUROPE ETF · GLB EX US ETF3.32%$209M2.53M
3MSFTMICROSOFT CORPhistory →COM2.24%$141M1.39M
4EMBISHARES TRJPMORGAN USD EMG · CORE S&P MCP ETF · CORE S&P SCP ETF · IBOXX HI YD ETF · MSCI EMG MKT ETF · CHINA LG-CAP ETF · U.S. REAL ES ETF1.98%$125M1.51M
5XLUSELECT SECTOR SPDR TRSBI INT-UTILS · SBI MATERIALS · SBI CONS DISCR1.91%$120M2.18M
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.72%$108M104.1K
7AAPLAPPLE INChistory →COM1.67%$105M668.1K
8AMZNAMAZON COM INChistory →COM1.65%$104M69.1K
9JPMJPMORGAN CHASE & COhistory →COM0.97%$61M625.1K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.95%$60M294.8K
11PFEPFIZER INChistory →COM0.89%$56M1.28M
12METAFACEBOOK INChistory →CL A0.88%$56M423.7K
13JNJJOHNSON & JOHNSONhistory →COM0.84%$53M410.6K
14UNHUNITEDHEALTH GROUP INChistory →COM0.72%$45M181.1K
15BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.71%$45M325.2K
16VVISA INChistory →COM CL A0.70%$44M334.0K
17SJNKSPDR SER TRhistory →BLOOMBERG SRT TR0.66%$42M1.60M
18INTCINTEL CORPhistory →COM0.64%$40M861.0K
19MDTMEDTRONIC PLChistory →SHS0.64%$40M442.0K
20BACBANK AMER CORPhistory →COM0.64%$40M1.63M
21CVXCHEVRON CORP NEWhistory →COM0.63%$40M367.3K
22PGPROCTER AND GAMBLE COhistory →COM0.63%$40M432.8K
23MRKMERCK & CO INChistory →COM0.62%$39M509.1K
24SPGSIMON PPTY GROUP INC NEWhistory →COM0.58%$37M217.7K
25MAMASTERCARD INCORPORATEDhistory →CL A0.57%$36M191.5K
26BABOEING COhistory →COM0.54%$34M106.3K
27ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.52%$33M232.6K
28PYPLPAYPAL HLDGS INChistory →COM0.51%$32M383.2K
29WFCWELLS FARGO CO NEWhistory →COM0.51%$32M697.3K
30KOCOCA COLA COhistory →COM0.50%$32M670.7K
31PMPHILIP MORRIS INTL INChistory →COM0.50%$31M468.5K
32DISDISNEY WALT COhistory →COM DISNEY0.49%$31M281.7K
33VZVERIZON COMMUNICATIONS INChistory →COM0.48%$30M541.9K
34BIDUBAIDU INChistory →SPON ADR REP A0.47%$30M186.6K
35HDHOME DEPOT INChistory →COM0.47%$30M171.8K
36CMCSACOMCAST CORP NEWhistory →CL A0.47%$29M861.9K
37AVGOBROADCOM INChistory →COM0.46%$29M114.6K
38EXMOCEXXON MOBIL CORPhistory →COM0.45%$29M419.2K
39ADBEADOBE INChistory →COM0.45%$28M124.2K
40ORCLORACLE CORPhistory →COM0.42%$26M585.2K
41MCDMCDONALDS CORPhistory →COM0.42%$26M148.5K
42PLDPROLOGIS INChistory →COM0.41%$26M443.7K
43CRMSALESFORCE COM INChistory →COM0.41%$26M188.3K
44HONHONEYWELL INTL INChistory →COM0.40%$25M188.9K
45CSCOCISCO SYS INChistory →COM0.38%$24M557.6K
46PEPPEPSICO INChistory →COM0.37%$24M213.3K
47CVSCVS HEALTH CORPhistory →COM0.36%$23M349.7K
48ABTABBOTT LABShistory →COM0.35%$22M309.5K
49UNPUNION PAC CORPhistory →COM0.35%$22M159.9K
50BIIBBIOGEN INChistory →COM0.34%$22M72.0K
51CPTCAMDEN PPTY TRhistory →SH BEN INT0.34%$21M241.0K
52LLYLILLY ELI & COhistory →COM0.33%$21M179.3K
53WMTWALMART INChistory →COM0.33%$21M220.7K
54GDXVANECK VECTORS ETF TRhistory →GOLD MINERS ETF0.33%$21M974.0K
55PSXPHILLIPS 66history →COM0.32%$20M236.5K
56ELVANTHEM INChistory →COM0.32%$20M77.3K
57ABBVABBVIE INChistory →COM0.32%$20M216.4K
58SPGIS&P GLOBAL INChistory →COM0.32%$20M117.2K
59GILDGILEAD SCIENCES INChistory →COM0.30%$19M305.6K
60ROSTROSS STORES INChistory →COM0.30%$19M228.5K
61SPYSPDR S&P 500 ETF TRhistory →TR UNIT0.30%$19M75.2K
62AVBAVALONBAY CMNTYS INChistory →COM0.30%$19M107.6K
63MOALTRIA GROUP INChistory →COM0.30%$19M377.1K
64USBUS BANCORP DELhistory →COM NEW0.29%$18M399.8K
65TXNTEXAS INSTRS INChistory →COM0.28%$18M188.7K
66BKNGBOOKING HLDGS INChistory →COM0.28%$18M10.3K
67EQIXEQUINIX INChistory →COM PAR $0.0010.28%$18M49.7K
68TAT&T INChistory →COM0.27%$17M602.1K
69TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADR0.27%$17M465.3K
70CATCATERPILLAR INC DELhistory →COM0.26%$17M131.3K
71MMM3M COhistory →COM0.26%$16M85.4K
72AMTAMERICAN TOWER CORP NEWhistory →COM0.26%$16M102.4K
73BPBP PLChistory →SPONSORED ADR0.26%$16M425.3K
74NFLXNETFLIX INChistory →COM0.25%$16M59.8K
75HRUSDHEALTHCARE RLTY TRhistory →COM0.25%$16M559.0K
76AMGNAMGEN INChistory →COM0.25%$16M80.8K
77CICIGNA CORP NEWhistory →COM0.24%$15M80.4K
78QCOMQUALCOMM INChistory →COM0.24%$15M266.9K
79LOWLOWES COS INChistory →COM0.24%$15M163.2K
80TJXTJX COS INC NEWhistory →COM0.24%$15M336.7K
81AXPAMERICAN EXPRESS COhistory →COM0.24%$15M157.7K
82EQREQUITY RESIDENTIALhistory →SH BEN INT0.24%$15M226.0K
83COPCONOCOPHILLIPShistory →COM0.23%$14M231.1K
84DOWDUPONT INCCOM0.23%$14M268.4K
85DLRDIGITAL RLTY TR INChistory →COM0.22%$14M132.5K
86WELLWELLTOWER INChistory →COM0.22%$14M203.0K
87DGDOLLAR GEN CORP NEWhistory →COM0.22%$14M130.3K
88MAAMID AMER APT CMNTYS INChistory →COM0.22%$14M146.5K
89CTSHCOGNIZANT TECHNOLOGY SOLUTIOhistory →CL A0.22%$14M219.7K
90EOGEOG RES INChistory →COM0.22%$14M156.3K
91ROPROPER TECHNOLOGIES INChistory →COM0.22%$14M51.1K
92MDLZMONDELEZ INTL INChistory →CL A0.21%$13M337.0K
93APDAIR PRODS & CHEMS INChistory →COM0.21%$13M83.8K
94BMYBRISTOL MYERS SQUIBB COhistory →COM0.21%$13M254.0K
95SLBSCHLUMBERGER LTDhistory →COM0.21%$13M360.6K
96ILMNILLUMINA INChistory →COM0.21%$13M43.3K
97CHRWC H ROBINSON WORLDWIDE INChistory →COM NEW0.21%$13M154.0K
98ZTSZOETIS INChistory →CL A0.21%$13M151.2K
99HCP INCCOM0.20%$13M460.1K
100DDOMINION ENERGY INChistory →COM0.20%$13M179.3K

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 ↗.