SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.4B
Q3 2019
Positions
850
Filings on Record
31
2019–present window
Filed
Nov 12, 2019
original filing

Summary

Employees Retirement System Of Texas reported $6.4B in U.S.-listed holdings across 850 positions for Q3 2019.

Its largest position, HYUP, represents 4.5% of the portfolio.

Compared with Q2 2019, the fund opened 111 new positions and exited 347.

Portfolio Metrics

Turnover
+20.1%
vs prior filed quarter
Top-10 Concentration
+20.1%
share of reported value
Largest Position
+4.5%
Dbx Etf Tr
New / Exited
111 / 347
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: 76.0%REIT: 10.2%ETP: 8.2%ADR: 2.9%Other: 2.5%MLP: 0.2%
  • Common Stock · 76.0% · $4.8B
  • REIT · 10.2% · $652M
  • ETP · 8.2% · $522M
  • ADR · 2.9% · $186M
  • Other · 2.5% · $159M
  • MLP · 0.2% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VWOVANGUARD INTL EQUITY INDEX FNEW+1.80M1.80M+$72M$72M
LHXL3HARRIS TECHNOLOGIES INCNEW+96.8K96.8K+$20M$20M
PANWPALO ALTO NETWORKS INCNEW+44.6K44.6K+$9M$9M
ONON SEMICONDUCTOR CORPNEW+461.5K461.5K+$9M$9M
SPIRIT AEROSYSTEMS HLDGS INCNEW+93.5K93.5K+$8M$8M
OHIOMEGA HEALTHCARE INVS INCNEW+150.0K150.0K+$6M$6M
ABXBARRICK GOLD CORPORATIONNEW+323.4K323.4K+$6M$6M
XBISPDR SERIES TRUSTNEW+72.0K72.0K+$5M$5M

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

Holdings — Q3 2019

489 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HYUPDBX ETF TRXTRACKERS HIGH · XTRACKERS LOW · XTRACK USD HIGH4.50%$287M5.80M
2MSFTMICROSOFT CORPhistory →COM2.81%$179M1.29M
3AAPLAPPLE INChistory →COM2.67%$170M761.0K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.00%$127M104.4K
5AMZNAMAZON COM INChistory →COM1.91%$122M70.0K
6XLUSELECT SECTOR SPDR TRhistory →SBI INT-UTILS1.50%$96M1.48M
7VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · GLB EX US ETF · FTSE EUROPE ETF1.30%$83M1.99M
8METAFACEBOOK INChistory →CL A1.24%$79M443.4K
9JPMJPMORGAN CHASE & COhistory →COM1.15%$73M622.8K
10BCSFBAIN CAP SPECIALTY FIN INChistory →COM1.03%$66M3.46M
11BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.89%$57M339.6K
12MAMASTERCARD INChistory →CL A0.86%$55M200.8K
13VVISA INChistory →COM CL A0.84%$53M309.9K
14CVXCHEVRON CORP NEWhistory →COM0.81%$52M435.9K
15CMCSACOMCAST CORP NEWhistory →CL A0.80%$51M1.14M
16PGPROCTER & GAMBLE COhistory →COM0.78%$50M398.9K
17HDHOME DEPOT INChistory →COM0.74%$47M204.6K
18JNJJOHNSON & JOHNSONhistory →COM0.73%$47M361.6K
19UNHUNITEDHEALTH GROUP INChistory →COM0.65%$41M190.4K
20MDTMEDTRONIC PLChistory →SHS0.62%$40M365.6K
21BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.61%$39M188.3K
22ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.61%$39M202.0K
23KOCOCA COLA COhistory →COM0.60%$38M704.9K
24SPGSIMON PPTY GROUP INC NEWhistory →COM0.58%$37M238.6K
25DISDISNEY WALT COhistory →COM DISNEY0.58%$37M282.5K
26TXNTEXAS INSTRS INChistory →COM0.58%$37M284.7K
27TAT&T INChistory →COM0.58%$37M969.6K
28PLDPROLOGIS INChistory →COM0.58%$37M430.3K
29EMBISHARES TRJPMORGAN USD EMG · IBOXX HI YD ETF · CORE S&P SCP ETF · RUS MID CAP ETF · U.S. REAL ES ETF0.56%$36M420.3K
30EXMOCEXXON MOBIL CORPhistory →COM0.56%$36M505.2K
31WFCWELLS FARGO CO NEWhistory →COM0.54%$34M680.6K
32BABOEING COhistory →COM0.50%$32M84.1K
33MCDMCDONALDS CORPhistory →COM0.50%$32M148.6K
34PYPLPAYPAL HLDGS INChistory →COM0.50%$32M305.4K
35AVGOBROADCOM INChistory →COM0.49%$32M114.2K
36AXPAMERICAN EXPRESS COhistory →COM0.49%$32M266.6K
37BACBANK AMER CORPhistory →COM0.49%$31M1.08M
38MRKMERCK & CO INChistory →COM0.49%$31M372.7K
39LMTLOCKHEED MARTIN CORPhistory →COM0.49%$31M80.1K
40WMTWALMART INChistory →COM0.48%$30M256.3K
41PEPPEPSICO INChistory →COM0.47%$30M217.9K
42VZVERIZON COMMUNICATIONS INChistory →COM0.46%$29M487.2K
43PFEPFIZER INChistory →COM0.45%$29M804.5K
44ABTABBOTT LABShistory →COM0.45%$29M345.3K
45RAYTHEON COCOM NEW0.45%$28M145.0K
46CSCOCISCO SYS INChistory →COM0.44%$28M573.9K
47ADBEADOBE INChistory →COM0.44%$28M102.6K
48INTCINTEL CORPhistory →COM0.44%$28M542.8K
49APDAIR PRODS & CHEMS INChistory →COM0.43%$28M124.9K
50TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.42%$27M92.1K
51CPTCAMDEN PPTY TRhistory →SH BEN INT0.42%$27M239.3K
52HONHONEYWELL INTL INChistory →COM0.42%$27M157.0K
53DGDOLLAR GEN CORP NEWhistory →COM0.41%$26M166.2K
54USBUS BANCORP DELhistory →COM NEW0.40%$25M458.7K
55MAAMID AMER APT CMNTYS INChistory →COM0.40%$25M194.5K
56HCP INCCOM0.39%$25M706.5K
57QCOMQUALCOMM INChistory →COM0.39%$25M329.3K
58AVBAVALONBAY CMNTYS INChistory →COM0.39%$25M114.8K
59UNPUNION PACIFIC CORPhistory →COM0.38%$24M151.2K
60COSTCOSTCO WHSL CORP NEWhistory →COM0.38%$24M84.2K
61PSXPHILLIPS 66history →COM0.37%$24M231.1K
62ORCLORACLE CORPhistory →COM0.36%$23M413.7K
63AON PLCSHS CL A0.36%$23M117.1K
64CRMSALESFORCE COM INChistory →COM0.35%$22M148.2K
65AMTAMERICAN TOWER CORP NEWhistory →COM0.34%$22M99.2K
66WELLWELLTOWER INChistory →COM0.34%$22M240.6K
67ZTSZOETIS INChistory →CL A0.34%$22M175.0K
68NKENIKE INChistory →CL B0.34%$22M229.1K
69CVSCVS HEALTH CORPhistory →COM0.34%$21M339.3K
70SPGIS&P GLOBAL INChistory →COM0.33%$21M86.6K
71CBCHUBB LIMITEDhistory →COM0.33%$21M128.8K
72NOCNORTHROP GRUMMAN CORPhistory →COM0.32%$20M54.5K
73LHXL3HARRIS TECHNOLOGIES INChistory →COM0.32%$20M96.8K
74AMGNAMGEN INChistory →COM0.31%$20M103.4K
75PSAPUBLIC STORAGEhistory →COM0.31%$20M81.0K
76LINDE PLCSHS0.31%$20M101.3K
77VIAVVIAVI SOLUTIONS INChistory →COM0.31%$20M1.39M
78CCITIGROUP INChistory →COM NEW0.29%$19M271.4K
79LOWLOWES COS INChistory →COM0.29%$19M170.1K
80BAXBAXTER INTL INChistory →COM0.29%$19M213.8K
81NOWSERVICENOW INChistory →COM0.29%$18M72.7K
82EQREQUITY RESIDENTIALhistory →SH BEN INT0.29%$18M211.0K
83OREALTY INCOME CORPhistory →COM0.28%$18M233.9K
84ELVANTHEM INChistory →COM0.28%$18M74.2K
85MDLZMONDELEZ INTL INChistory →CL A0.27%$17M316.0K
86VICIVICI PPTYS INChistory →COM0.27%$17M770.8K
87TSMTAIWAN SEMICONDUCTOR MFG LTDhistory →SPONSORED ADS0.27%$17M372.4K
88DLRDIGITAL RLTY TR INChistory →COM0.27%$17M132.8K
89VRTXVERTEX PHARMACEUTICALS INChistory →COM0.27%$17M100.5K
90GENERAL ELECTRIC COCOM0.27%$17M1.90M
91LLYLILLY ELI & COhistory →COM0.26%$17M147.7K
92HESHESS CORPhistory →COM0.26%$16M271.7K
93CMECME GROUP INChistory →COM0.26%$16M77.4K
94VTRVENTAS INChistory →COM0.25%$16M222.0K
95DHRDANAHER CORPORATIONhistory →COM0.25%$16M111.4K
96SYKSTRYKER CORPhistory →COM0.25%$16M73.7K
97NXPINXP SEMICONDUCTORS N Vhistory →COM0.24%$16M143.1K
98WMWASTE MGMT INC DELhistory →COM0.24%$15M134.1K
99FISFIDELITY NATL INFORMATION SVhistory →COM0.24%$15M115.6K
100JACOBS ENGR GROUP INCCOM0.24%$15M166.0K

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 ↗.