SEC 13F Intelligence

Managers / Q4 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
Q4 2019
Positions
777
Filings on Record
31
2019–present window
Filed
Feb 10, 2020
original filing

Summary

Employees Retirement System Of Texas reported $6.4B in U.S.-listed holdings across 777 positions for Q4 2019.

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

Compared with Q3 2019, the fund opened 42 new positions and exited 115.

Portfolio Metrics

Turnover
+10.9%
vs prior filed quarter
Top-10 Concentration
+20.2%
share of reported value
Largest Position
+4.5%
Dbx Etf Tr
New / Exited
42 / 115
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: 78.1%REIT: 10.1%ETP: 6.8%ADR: 2.6%Other: 2.2%Other: 0.1%
  • Common Stock · 78.1% · $5.0B
  • REIT · 10.1% · $650M
  • ETP · 6.8% · $439M
  • ADR · 2.6% · $166M
  • Other · 2.2% · $141M
  • Other · 0.1% · $9M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DOCHEALTHPEAK PPTYS INCNEW+800.7K800.7K+$28M$28M
TFCTRUIST FINL CORPNEW+345.5K345.5K+$19M$19M
MSMORGAN STANLEYNEW+264.0K264.0K+$13M$13M
AMATAPPLIED MATLS INCNEW+220.0K220.0K+$13M$13M
MBBISHARES TRNEW+75.2K75.2K+$8M$8M
PIONEER NAT RES CONEW+47.0K47.0K+$7M$7M
SCHWTHE CHARLES SCHWAB CORPORATINEW+120.0K120.0K+$6M$6M
MLMMARTIN MARIETTA MATLS INCNEW+20.0K20.0K+$6M$6M

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

Holdings — Q4 2019

491 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1HYUPDBX ETF TRXTRACKERS HIGH · XTRACKERS LOW · XTRACK USD HIGH4.49%$288M5.80M
2AAPLAPPLE INChistory →COM3.14%$202M687.1K
3MSFTMICROSOFT CORPhistory →COM2.86%$183M1.16M
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.92%$123M92.0K
5AMZNAMAZON COM INChistory →COM1.68%$108M58.3K
6JPMJPMORGAN CHASE & COhistory →COM1.41%$90M647.8K
7XLUSELECT SECTOR SPDR TRhistory →SBI INT-UTILS1.39%$89M1.38M
8METAFACEBOOK INChistory →CL A1.30%$83M405.9K
9BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.01%$65M306.3K
10BCSFBAIN CAP SPECIALTY FIN INChistory →COM1.00%$64M3.24M
11VVISA INChistory →COM CL A0.89%$57M302.5K
12BACBANK AMER CORPhistory →COM0.86%$55M1.56M
13UNHUNITEDHEALTH GROUP INChistory →COM0.86%$55M187.1K
14MAMASTERCARD INChistory →CL A0.84%$54M181.0K
15JNJJOHNSON & JOHNSONhistory →COM0.82%$53M361.6K
16CVXCHEVRON CORP NEWhistory →COM0.80%$51M426.7K
17PLDPROLOGIS INChistory →COM0.76%$49M547.3K
18PGPROCTER & GAMBLE COhistory →COM0.75%$48M385.9K
19CMCSACOMCAST CORP NEWhistory →CL A0.75%$48M1.07M
20EMBISHARES TRJPMORGAN USD EMG · IBOXX HI YD ETF · CORE S&P SCP ETF · MBS ETF · MSCI EAFE ETF · RUS MID CAP ETF0.67%$43M468.1K
21MDTMEDTRONIC PLChistory →SHS0.64%$41M361.5K
22DISDISNEY WALT COhistory →COM DISNEY0.64%$41M282.5K
23ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.62%$40M187.7K
24HDHOME DEPOT INChistory →COM0.61%$39M179.8K
25KOCOCA COLA COhistory →COM0.61%$39M704.9K
26TAT&T INChistory →COM0.59%$38M969.6K
27BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.56%$36M158.4K
28SPGSIMON PPTY GROUP INC NEWhistory →COM0.55%$36M238.6K
29WFCWELLS FARGO CO NEWhistory →COM0.54%$35M648.6K
30EXMOCEXXON MOBIL CORPhistory →COM0.53%$34M491.2K
31AVGOBROADCOM INChistory →COM0.53%$34M108.2K
32MRKMERCK & CO INChistory →COM0.53%$34M372.7K
33TXNTEXAS INSTRS INChistory →COM0.50%$32M251.8K
34PYPLPAYPAL HLDGS INChistory →COM0.50%$32M297.1K
35PFEPFIZER INChistory →COM0.49%$32M804.5K
36INTCINTEL CORPhistory →COM0.48%$31M513.8K
37WMTWALMART INChistory →COM0.47%$30M256.3K
38CCITIGROUP INChistory →COM NEW0.47%$30M380.4K
39VZVERIZON COMMUNICATIONS INChistory →COM0.47%$30M487.2K
40PEPPEPSICO INChistory →COM0.46%$30M217.9K
41QCOMQUALCOMM INChistory →COM0.45%$29M329.3K
42ADBEADOBE INChistory →COM0.45%$29M87.2K
43APDAIR PRODS & CHEMS INChistory →COM0.44%$28M120.1K
44LMTLOCKHEED MARTIN CORPhistory →COM0.44%$28M72.1K
45HONHONEYWELL INTL INChistory →COM0.43%$28M157.0K
46MCDMCDONALDS CORPhistory →COM0.43%$28M140.6K
47DOCHEALTHPEAK PPTYS INChistory →COM0.43%$28M800.7K
48ABTABBOTT LABShistory →COM0.42%$27M311.6K
49CPTCAMDEN PPTY TRhistory →SH BEN INT0.42%$27M254.3K
50CVSCVS HEALTH CORPhistory →COM0.41%$26M353.3K
51MDLZMONDELEZ INTL INChistory →CL A0.40%$26M470.0K
52CSCOCISCO SYS INChistory →COM0.40%$26M536.9K
53PSXPHILLIPS 66history →COM0.40%$26M231.1K
54TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.39%$25M78.0K
55BABOEING COhistory →COM0.39%$25M77.4K
56AXPAMERICAN EXPRESS COhistory →COM0.39%$25M200.8K
57AMGNAMGEN INChistory →COM0.39%$25M103.4K
58UTXZUNITED TECHNOLOGIES CORPhistory →COM0.37%$24M160.0K
59UNPUNION PACIFIC CORPhistory →COM0.37%$24M132.4K
60CRMSALESFORCE COM INChistory →COM0.37%$24M146.8K
61DGDOLLAR GEN CORP NEWhistory →COM0.37%$24M150.9K
62AON PLCSHS CL A0.35%$23M108.2K
63ABBVABBVIE INChistory →COM0.34%$22M244.5K
64RAYTHEON COCOM NEW0.34%$22M98.0K
65GENERAL ELECTRIC COCOM0.33%$21M1.90M
66LLYLILLY ELI & COhistory →COM0.33%$21M161.7K
67COSTCOSTCO WHSL CORP NEWhistory →COM0.33%$21M71.7K
68AMDADVANCED MICRO DEVICES INChistory →COM0.32%$21M449.5K
69CBCHUBB LIMITEDhistory →COM0.31%$20M128.8K
70ZTSZOETIS INChistory →CL A0.31%$20M150.6K
71VICIVICI PPTYS INChistory →COM0.31%$20M770.8K
72ORCLORACLE CORPhistory →COM0.31%$20M371.7K
73ELVANTHEM INChistory →COM0.31%$20M65.2K
74LOWLOWES COS INChistory →COM0.30%$20M162.9K
75TFCTRUIST FINL CORPhistory →COM0.30%$19M345.5K
76MAAMID AMER APT CMNTYS INChistory →COM0.30%$19M146.5K
77LHXL3HARRIS TECHNOLOGIES INChistory →COM0.30%$19M96.8K
78AMTAMERICAN TOWER CORP NEWhistory →COM0.30%$19M82.5K
79SPGIS&P GLOBAL INChistory →COM0.29%$19M68.6K
80VRTXVERTEX PHARMACEUTICALS INChistory →COM0.29%$19M85.5K
81TJXTJX COS INC NEWhistory →COM0.29%$19M306.3K
82NOCNORTHROP GRUMMAN CORPhistory →COM0.29%$19M54.0K
83NKENIKE INChistory →CL B0.29%$19M183.0K
84VIAVVIAVI SOLUTIONS INChistory →COM0.29%$19M1.23M
85NVDANVIDIA CORPhistory →COM0.29%$19M78.7K
86HESHESS CORPhistory →COM0.28%$18M271.7K
87NOWSERVICENOW INChistory →COM0.28%$18M63.9K
88BAXBAXTER INTL INChistory →COM0.28%$18M211.5K
89BMYBRISTOL MYERS SQUIBB COhistory →COM0.28%$18M275.5K
90PSAPUBLIC STORAGEhistory →COM0.27%$17M81.0K
91OREALTY INCOME CORPhistory →COM0.27%$17M233.9K
92EQREQUITY RESIDENTIALhistory →SH BEN INT0.27%$17M211.0K
93WELLWELLTOWER INChistory →COM0.26%$17M205.4K
94PMPHILIP MORRIS INTL INChistory →COM0.26%$16M192.6K
95FISFIDELITY NATL INFORMATION SVhistory →COM0.25%$16M115.6K
96VLOVALERO ENERGY CORP NEWhistory →COM0.25%$16M170.6K
97DLRDIGITAL RLTY TR INChistory →COM0.25%$16M132.8K
98LWLAMB WESTON HLDGS INChistory →COM0.25%$16M184.1K
99DEDEERE & COhistory →COM0.25%$16M91.3K
100KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.25%$16M153.9K

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 ↗.