SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Employees Retirement System of Texas

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

Reported Value
$5.2B
Q1 2020
Positions
746
Filings on Record
31
2019–present window
Filed
May 14, 2020
original filing

Summary

Employees Retirement System Of Texas reported $5.2B in U.S.-listed holdings across 746 positions for Q1 2020.

Its largest position, MBB, represents 4.9% of the portfolio.

Compared with Q4 2019, the fund opened 55 new positions and exited 86.

Portfolio Metrics

Turnover
+8.5%
vs prior filed quarter
Top-10 Concentration
+25.6%
share of reported value
Largest Position
+4.9%
Ishares Tr
New / Exited
55 / 86
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: 75.1%ETP: 11.6%REIT: 9.1%ADR: 2.4%Other: 1.9%Other: 0.1%
  • Common Stock · 75.1% · $3.9B
  • ETP · 11.6% · $605M
  • REIT · 9.1% · $477M
  • ADR · 2.4% · $124M
  • Other · 1.9% · $97M
  • Other · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ITBISHARES TRNEW+179.0K179.0K+$5M$5M
XPOXPO LOGISTICS INCNEW+91.0K91.0K+$4M$4M
WDAYWORKDAY INCNEW+28.9K28.9K+$4M$4M
TTTRANE TECHNOLOGIES PLCNEW+44.0K44.0K+$4M$4M
LENLENNAR CORPNEW+92.8K92.8K+$4M$4M
ALXNALEXION PHARMACEUTICALS INCNEW+38.0K38.0K+$3M$3M
SOSOUTHERN CONEW+61.6K61.6K+$3M$3M
CNCCENTENE CORP DELNEW+52.5K52.5K+$3M$3M

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

Holdings — Q1 2020

492 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MBBISHARES TRIBOXX HI YD ETF · MBS ETF · JPMORGAN USD EMG · U.S. REAL ES ETF · US HOME CONS ETF4.89%$257M3.11M
2HYDWDBX ETF TRXTRACKERS LOW · XTRACKERS HIGH · XTRACK USD HIGH4.75%$249M5.80M
3MSFTMICROSOFT CORPhistory →COM3.38%$177M1.12M
4AAPLAPPLE INChistory →COM3.21%$168M662.1K
5AMZNAMAZON COM INChistory →COM2.24%$118M60.3K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.11%$110M95.0K
7XLUSELECT SECTOR SPDR TRhistory →SBI INT-UTILS1.58%$83M1.49M
8METAFACEBOOK INChistory →CL A1.37%$72M431.7K
9JPMJPMORGAN CHASE & COhistory →COM1.09%$57M633.8K
10PLDPROLOGIS INC.history →COM0.98%$51M636.8K
11BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.96%$50M257.5K
12VVISA INChistory →COM CL A0.93%$49M302.5K
13JNJJOHNSON & JOHNSONhistory →COM0.90%$47M361.6K
14UNHUNITEDHEALTH GROUP INChistory →COM0.89%$47M186.6K
15PGPROCTER & GAMBLE COhistory →COM0.86%$45M410.9K
16MAMASTERCARD INChistory →CL A0.83%$44M181.0K
17BCSFBAIN CAP SPECIALTY FIN INChistory →COM0.73%$38M4.11M
18CMCSACOMCAST CORP NEWhistory →CL A0.70%$37M1.06M
19PYPLPAYPAL HLDGS INChistory →COM0.68%$35M370.5K
20HDHOME DEPOT INChistory →COM0.64%$34M179.8K
21MDTMEDTRONIC PLChistory →SHS0.62%$32M358.0K
22KOCOCA COLA COhistory →COM0.60%$31M704.9K
23CVXCHEVRON CORP NEWhistory →COM0.59%$31M423.9K
24NVDANVIDIA CORPhistory →COM0.57%$30M112.7K
25DISDISNEY WALT COhistory →COM DISNEY0.55%$29M298.5K
26MRKMERCK & CO. INChistory →COM0.55%$29M372.7K
27INTCINTEL CORPhistory →COM0.53%$28M513.8K
28ADBEADOBE INChistory →COM0.53%$28M87.2K
29ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.53%$28M169.8K
30BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.52%$27M150.4K
31WMTWALMART INChistory →COM0.52%$27M241.3K
32PFEPFIZER INChistory →COM0.50%$26M804.5K
33VZVERIZON COMMUNICATIONS INChistory →COM0.50%$26M487.2K
34PEPPEPSICO INChistory →COM0.50%$26M217.9K
35DLRDIGITAL RLTY TR INChistory →COM0.49%$26M186.0K
36TAT&T INChistory →COM0.49%$25M872.6K
37ABTABBOTT LABShistory →COM0.47%$25M311.6K
38VRTXVERTEX PHARMACEUTICALS INChistory →COM0.47%$24M102.5K
39DGDOLLAR GEN CORP NEWhistory →COM0.46%$24M161.2K
40CRMSALESFORCE COM INChistory →COM0.46%$24M166.8K
41TXNTEXAS INSTRS INChistory →COM0.45%$24M238.1K
42LLYLILLY ELI & COhistory →COM0.45%$24M169.7K
43MCDMCDONALDS CORPhistory →COM0.44%$23M140.6K
44BACBK OF AMERICA CORPhistory →COM0.43%$22M1.06M
45ABBVABBVIE INChistory →COM0.43%$22M293.4K
46APDAIR PRODS & CHEMS INChistory →COM0.42%$22M111.5K
47TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.42%$22M78.0K
48HONHONEYWELL INTL INChistory →COM0.42%$22M164.7K
49AVGOBROADCOM INChistory →COM0.41%$22M91.4K
50CVSCVS HEALTH CORPhistory →COM0.40%$21M351.4K
51LOWLOWES COS INChistory →COM0.40%$21M241.7K
52AMTAMERICAN TOWER CORP NEWhistory →COM0.40%$21M95.5K
53COSTCOSTCO WHSL CORP NEWhistory →COM0.39%$20M71.7K
54NOCNORTHROP GRUMMAN CORPhistory →COM0.39%$20M67.0K
55AMGNAMGEN INChistory →COM0.38%$20M99.4K
56CSCOCISCO SYS INChistory →COM0.37%$20M498.9K
57ORCLORACLE CORPhistory →COM0.37%$19M402.3K
58CPTCAMDEN PPTY TRhistory →SH BEN INT0.36%$19M239.3K
59LHXL3HARRIS TECHNOLOGIES INChistory →COM0.36%$19M103.8K
60AXPAMERICAN EXPRESS COhistory →COM0.35%$19M216.9K
61BMYBRISTOL-MYERS SQUIBB COhistory →COM0.35%$18M327.5K
62PSAPUBLIC STORAGEhistory →COM0.34%$18M91.0K
63LMTLOCKHEED MARTIN CORPhistory →COM0.34%$18M53.1K
64WFCWELLS FARGO CO NEWhistory →COM0.34%$18M622.6K
65ZTSZOETIS INChistory →CL A0.34%$18M150.6K
66AON PLCSHS CL A0.34%$18M106.9K
67NOWSERVICENOW INChistory →COM0.33%$17M60.9K
68QCOMQUALCOMM INChistory →COM0.33%$17M254.4K
69EXMOCEXXON MOBIL CORPhistory →COM0.33%$17M451.2K
70UNPUNION PAC CORPhistory →COM0.33%$17M121.4K
71MDLZMONDELEZ INTL INChistory →CL A0.32%$17M337.9K
72AMDADVANCED MICRO DEVICES INChistory →COM0.32%$17M370.5K
73CCITIGROUP INChistory →COM NEW0.31%$16M380.4K
74CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.30%$16M36.5K
75LINDE PLCSHS0.30%$16M91.6K
76NFLXNETFLIX INChistory →COM0.30%$16M41.8K
77GENERAL ELECTRIC COCOM0.30%$16M1.96M
78UPSUNITED PARCEL SERVICE INChistory →CL B0.29%$15M162.2K
79SPGIS&P GLOBAL INChistory →COM0.29%$15M61.6K
80ELVANTHEM INChistory →COM0.28%$15M64.8K
81TJXTJX COS INC NEWhistory →COM0.28%$15M306.3K
82SHWSHERWIN WILLIAMS COhistory →COM0.27%$14M31.2K
83KMBKIMBERLY CLARK CORPhistory →COM0.27%$14M111.6K
84BSXBOSTON SCIENTIFIC CORPhistory →COM0.27%$14M435.8K
85FISFIDELITY NATL INFORMATION SVhistory →COM0.27%$14M115.6K
86PMPHILIP MORRIS INTL INChistory →COM0.27%$14M192.6K
87GSGOLDMAN SACHS GROUP INChistory →COM0.27%$14M90.4K
88JACOBS ENGR GROUP INCCOM0.26%$14M174.2K
89NKENIKE INChistory →CL B0.26%$14M166.0K
90CABOCABLE ONE INChistory →COM0.26%$13M8.2K
91KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.26%$13M160.9K
92XBISPDR SER TRS&P BIOTECH · S&P REGL BKG0.26%$13M276.0K
93CMECME GROUP INChistory →COM0.26%$13M77.4K
94HUMHUMANA INChistory →COM0.25%$13M42.0K
95MAAMID AMER APT CMNTYS INChistory →COM0.25%$13M127.6K
96EQREQUITY RESIDENTIALhistory →SH BEN INT0.25%$13M211.0K
97AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.25%$13M94.2K
98WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.25%$13M75.8K
99CDNSCADENCE DESIGN SYSTEM INChistory →COM0.24%$13M194.4K
100DHRDANAHER CORPORATIONhistory →COM0.24%$13M91.8K

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 ↗.