SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.6B
Q2 2019
Positions
1,086
Filings on Record
31
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Employees Retirement System Of Texas reported $6.6B in U.S.-listed holdings across 1,086 positions for Q2 2019.

Its largest position, HYUP, represents 4.6% of the portfolio.

Compared with Q1 2019, the fund opened 78 new positions and exited 47.

Portfolio Metrics

Turnover
+9.8%
vs prior filed quarter
Top-10 Concentration
+19.6%
share of reported value
Largest Position
+4.6%
Dbx Etf Tr
New / Exited
78 / 47
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: 76.2%ETP: 9.1%REIT: 9.1%ADR: 3.3%Other: 2.2%MLP: 0.1%
  • Common Stock · 76.2% · $5.0B
  • ETP · 9.1% · $601M
  • REIT · 9.1% · $599M
  • ADR · 3.3% · $216M
  • Other · 2.2% · $144M
  • MLP · 0.1% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BCSFBAIN CAP SPECIALTY FIN INCNEW+3.46M3.46M+$65M$65M
VOOVANGUARD INDEX FDSNEW+69.6K69.6K+$19M$19M
DDDUPONT DE NEMOURS INCNEW+87.8K87.8K+$7M$7M
NEW ORIENTAL ED & TECH GRP INEW+61.1K61.1K+$6M$6M
CUZCOUSINS PPTYS INCNEW+154.0K154.0K+$6M$6M
BAPCREDICORP LTDNEW+23.0K23.0K+$5M$5M
CTVACORTEVA INCNEW+156.1K156.1K+$5M$5M
FTDRFRONTDOOR INCNEW+92.0K92.0K+$4M$4M

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

Holdings — Q2 2019

488 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HYUPDBX ETF TRXTRACKERS HIGH · XTRACKERS LOW · XTRACK USD HIGH4.61%$303M6.12M
2MSFTMICROSOFT CORPhistory →COM2.82%$185M1.38M
3XLUSELECT SECTOR SPDR TRSBI INT-UTILS · SBI MATERIALS · SBI CONS DISCR2.15%$141M2.25M
4AMZNAMAZON COM INChistory →COM1.99%$131M69.1K
5AAPLAPPLE INChistory →COM1.96%$129M651.1K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.71%$112M103.6K
7EMBISHARES TRJPMORGAN USD EMG · U.S. REAL ES ETF · IBOXX HI YD ETF · CORE S&P SCP ETF · US HOME CONS ETF1.24%$82M903.3K
8METAFACEBOOK INChistory →CL A1.20%$79M407.7K
9BCSFBAIN CAP SPECIALTY FIN INChistory →COM0.98%$65M3.46M
10JPMJPMORGAN CHASE & COhistory →COM0.96%$63M564.3K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.93%$61M286.6K
12BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.90%$59M349.7K
13VVISA INChistory →COM CL A0.88%$58M333.1K
14JNJJOHNSON & JOHNSONhistory →COM0.86%$56M405.0K
15MAMASTERCARD INChistory →CL A0.74%$49M184.3K
16PGPROCTER AND GAMBLE COhistory →COM0.72%$48M433.5K
17PFEPFIZER INChistory →COM0.67%$44M1.02M
18CVXCHEVRON CORP NEWhistory →COM0.67%$44M354.6K
19UNHUNITEDHEALTH GROUP INChistory →COM0.66%$44M178.6K
20ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.65%$43M230.8K
21MDTMEDTRONIC PLChistory →SHS0.64%$42M432.8K
22PYPLPAYPAL HLDGS INChistory →COM0.63%$41M362.2K
23DISDISNEY WALT COhistory →COM DISNEY0.61%$40M288.3K
24BACBANK AMER CORPhistory →COM0.60%$40M1.36M
25MRKMERCK & CO INChistory →COM0.57%$37M444.3K
26ADBEADOBE INChistory →COM0.54%$36M121.2K
27PLDPROLOGIS INChistory →COM0.54%$36M443.7K
28CMCSACOMCAST CORP NEWhistory →CL A0.53%$35M830.7K
29EXMOCEXXON MOBIL CORPhistory →COM0.53%$35M457.2K
30KOCOCA COLA COhistory →COM0.53%$35M679.7K
31CCITIGROUP INChistory →COM NEW0.52%$34M491.0K
32SPGSIMON PPTY GROUP INC NEWhistory →COM0.52%$34M214.7K
33HONHONEYWELL INTL INChistory →COM0.48%$32M181.5K
34HDHOME DEPOT INChistory →COM0.48%$31M150.3K
35VZVERIZON COMMUNICATIONS INChistory →COM0.47%$31M540.9K
36WFCWELLS FARGO CO NEWhistory →COM0.47%$31M653.0K
37AVGOBROADCOM INChistory →COM0.47%$31M106.5K
38INTCINTEL CORPhistory →COM0.46%$30M633.5K
39MCDMCDONALDS CORPhistory →COM0.46%$30M145.5K
40ORCLORACLE CORPhistory →COM0.46%$30M526.4K
41AXPAMERICAN EXPRESS COhistory →COM0.44%$29M235.2K
42LMTLOCKHEED MARTIN CORPhistory →COM0.44%$29M79.1K
43CSCOCISCO SYS INChistory →COM0.44%$29M522.8K
44PEPPEPSICO INChistory →COM0.43%$28M215.8K
45PMPHILIP MORRIS INTL INChistory →COM0.43%$28M357.4K
46BABOEING COhistory →COM0.41%$27M74.8K
47CRMSALESFORCE COM INChistory →COM0.41%$27M178.3K
48UNPUNION PACIFIC CORPhistory →COM0.41%$27M157.9K
49VGKVANGUARD INTL EQUITY INDEX FFTSE EUROPE ETF · GLB EX US ETF0.39%$26M466.3K
50TXNTEXAS INSTRS INChistory →COM0.39%$26M224.2K
51ABTABBOTT LABShistory →COM0.39%$26M303.5K
52CPTCAMDEN PPTY TRhistory →SH BEN INT0.37%$25M236.0K
53QCOMQUALCOMM INChistory →COM0.37%$25M322.2K
54WMTWALMART INChistory →COM0.36%$24M215.7K
55PSXPHILLIPS 66history →COM0.34%$22M237.6K
56NFLXNETFLIX INChistory →COM0.33%$22M59.6K
57AVBAVALONBAY CMNTYS INChistory →COM0.33%$22M107.6K
58NOCNORTHROP GRUMMAN CORPhistory →COM0.32%$21M66.0K
59TJXTJX COS INC NEWhistory →COM0.32%$21M400.7K
60EOGEOG RES INChistory →COM0.32%$21M226.5K
61AMTAMERICAN TOWER CORP NEWhistory →COM0.32%$21M102.4K
62ELVANTHEM INChistory →COM0.32%$21M74.2K
63PSAPUBLIC STORAGEhistory →COM0.32%$21M87.0K
64HESHESS CORPhistory →COM0.31%$20M319.9K
65TAT&T INChistory →COM0.29%$19M577.1K
66GILDGILEAD SCIENCES INChistory →COM0.29%$19M285.6K
67APDAIR PRODS & CHEMS INChistory →COM0.29%$19M84.0K
68LLYLILLY ELI & COhistory →COM0.29%$19M171.6K
69VOOVANGUARD INDEX FDShistory →S&P 500 ETF SHS0.29%$19M69.6K
70EQIXEQUINIX INChistory →COM0.28%$18M36.4K
71INGERSOLL-RAND PLCSHS0.28%$18M144.7K
72ORLYO REILLY AUTOMOTIVE INC NEWhistory →COM0.28%$18M49.6K
73HRUSDHEALTHCARE RLTY TRhistory →COM0.27%$18M577.0K
74ABBVABBVIE INChistory →COM0.27%$18M244.4K
75ROPROPER TECHNOLOGIES INChistory →COM0.27%$17M47.7K
76MAAMID AMER APT CMNTYS INChistory →COM0.26%$17M146.5K
77EQREQUITY RESIDENTIALhistory →SH BEN INT0.26%$17M225.0K
78DGDOLLAR GEN CORP NEWhistory →COM0.26%$17M125.5K
79CVSCVS HEALTH CORPhistory →COM0.26%$17M309.3K
80USBUS BANCORP DELhistory →COM NEW0.25%$17M318.2K
81ALLERGAN PLCSHS0.25%$17M99.5K
82HARRIS CORP DELCOM0.25%$17M88.0K
83WELLWELLTOWER INChistory →COM0.25%$16M202.0K
84SPGIS&P GLOBAL INChistory →COM0.25%$16M72.2K
85VRTXVERTEX PHARMACEUTICALS INChistory →COM0.24%$16M87.0K
86VIAVVIAVI SOLUTIONS INChistory →COM0.24%$16M1.19M
87MDLZMONDELEZ INTL INChistory →CL A0.24%$16M288.0K
88DLRDIGITAL RLTY TR INChistory →COM0.24%$15M131.5K
89CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.23%$15M38.8K
90ZTSZOETIS INChistory →CL A0.23%$15M133.4K
91HCP INCCOM0.23%$15M471.8K
92LOWLOWES COS INChistory →COM0.23%$15M148.7K
93WMWASTE MGMT INC DELhistory →COM0.23%$15M128.9K
94UTXZUNITED TECHNOLOGIES CORPhistory →COM0.22%$15M112.5K
95ROSTROSS STORES INChistory →COM0.22%$15M147.5K
96TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.22%$15M372.4K
97BPBP PLChistory →SPONSORED ADR0.22%$15M348.9K
98CATCATERPILLAR INC DELhistory →COM0.22%$14M106.3K
99SLBSCHLUMBERGER LTDhistory →COM0.22%$14M359.6K
100VICIVICI PPTYS INChistory →COM0.22%$14M642.0K

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 ↗.