SEC 13F Intelligence

Managers / Q2 2020 · 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 2020
Positions
728
Filings on Record
31
2019–present window
Filed
Aug 12, 2020
original filing

Summary

Employees Retirement System Of Texas reported $6.6B in U.S.-listed holdings across 728 positions for Q2 2020.

Its largest position, MBB, represents 4.3% of the portfolio.

Compared with Q1 2020, the fund opened 57 new positions and exited 75.

Portfolio Metrics

Turnover
+6.3%
vs prior filed quarter
Top-10 Concentration
+26.0%
share of reported value
Largest Position
+4.3%
Ishares Tr
New / Exited
57 / 75
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: 77.5%ETP: 10.4%REIT: 8.4%ADR: 2.3%Other: 1.2%Other: 0.1%
  • Common Stock · 77.5% · $5.1B
  • ETP · 10.4% · $688M
  • REIT · 8.4% · $555M
  • ADR · 2.3% · $154M
  • Other · 1.2% · $78M
  • Other · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIES CORPNEW+378.5K378.5K+$23M$23M
OTISOTIS WORLDWIDE CORPNEW+363.8K363.8K+$21M$21M
AONAON PLCNEW+105.1K105.1K+$20M$20M
NEMNEWMONT CORPNEW+219.0K219.0K+$14M$14M
PCARPACCAR INCNEW+170.0K170.0K+$13M$13M
AMPAMERIPRISE FINL INCNEW+74.0K74.0K+$11M$11M
DISCOVER FINL SVCSNEW+209.2K209.2K+$10M$10M
GISGENERAL MLS INCNEW+169.2K169.2K+$10M$10M

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

Holdings — Q2 2020

491 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MBBISHARES TRIBOXX HI YD ETF · MBS ETF · JPMORGAN USD EMG · US HOME CONS ETF · U.S. REAL ES ETF · MSCI EAFE ETF4.30%$283M3.30M
2HYDWDBX ETF TRXTRACKERS LOW · XTRACKERS HIGH · XTRACK USD HIGH4.08%$269M5.81M
3AAPLAPPLE INChistory →COM3.80%$250M685.9K
4MSFTMICROSOFT CORPhistory →COM3.50%$231M1.13M
5AMZNAMAZON COM INChistory →COM3.07%$202M73.4K
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.35%$155M109.5K
7METAFACEBOOK INChistory →CL A1.51%$100M439.7K
8XLUSELECT SECTOR SPDR TRhistory →SBI INT-UTILS1.43%$94M1.66M
9BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK1.00%$66M5.98M
10PYPLPAYPAL HLDGS INChistory →COM0.97%$64M365.8K
11BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS0.95%$63M291.3K
12JPMJPMORGAN CHASE & COhistory →COM0.95%$63M667.5K
13PLDPROLOGIS INC.history →COM0.92%$61M651.8K
14VVISA INChistory →COM CL A0.91%$60M311.8K
15JNJJOHNSON & JOHNSONhistory →COM0.89%$59M416.9K
16MAMASTERCARD INCORPORATEDhistory →CL A0.88%$58M195.3K
17PGPROCTER AND GAMBLE COhistory →COM0.78%$51M428.9K
18UNHUNITEDHEALTH GROUP INChistory →COM0.77%$51M172.9K
19HDHOME DEPOT INChistory →COM0.68%$45M179.8K
20NVDANVIDIA CORPORATIONhistory →COM0.65%$43M112.7K
21ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.64%$42M196.8K
22CMCSACOMCAST CORP NEWhistory →CL A0.60%$39M1.01M
23AVGOBROADCOM INChistory →COM0.58%$38M120.4K
24ADBEADOBE INChistory →COM0.58%$38M87.2K
25CRMSALESFORCE COM INChistory →COM0.54%$36M190.7K
26CVXCHEVRON CORP NEWhistory →COM0.54%$36M400.1K
27BACBK OF AMERICA CORPhistory →COM0.52%$34M1.45M
28DISDISNEY WALT COhistory →COM DISNEY0.52%$34M308.5K
29ABBVABBVIE INChistory →COM0.52%$34M349.2K
30CCITIGROUP INChistory →COM NEW0.51%$34M664.1K
31MRKMERCK & CO. INChistory →COM0.50%$33M429.7K
32QCOMQUALCOMM INChistory →COM0.49%$32M352.4K
33ABTABBOTT LABShistory →COM0.48%$32M347.6K
34KOCOCA COLA COhistory →COM0.48%$31M704.9K
35BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.48%$31M176.4K
36TXNTEXAS INSTRS INChistory →COM0.46%$30M238.1K
37TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.46%$30M83.0K
38AMTAMERICAN TOWER CORP NEWhistory →COM0.45%$30M115.5K
39NXPINXP SEMICONDUCTORS N Vhistory →COM0.45%$29M258.5K
40UNPUNION PAC CORPhistory →COM0.45%$29M174.1K
41GSGOLDMAN SACHS GROUP INChistory →COM0.43%$28M144.0K
42LLYLILLY ELI & COhistory →COM0.43%$28M172.7K
43MDTMEDTRONIC PLChistory →SHS0.43%$28M308.7K
44INTCINTEL CORPhistory →COM0.43%$28M472.8K
45VRTXVERTEX PHARMACEUTICALS INChistory →COM0.42%$28M96.2K
46LOWLOWES COS INChistory →COM0.42%$28M206.4K
47XBISPDR SER TRS&P BIOTECH · S&P REGL BKG0.40%$27M388.0K
48TAT&T INChistory →COM0.40%$26M872.6K
49CSCOCISCO SYS INChistory →COM0.40%$26M564.9K
50PFEPFIZER INChistory →COM0.40%$26M804.5K
51MCDMCDONALDS CORPhistory →COM0.39%$26M140.6K
52WMTWALMART INChistory →COM0.39%$26M214.9K
53DLRDIGITAL RLTY TR INChistory →COM0.38%$25M174.8K
54AMATAPPLIED MATLS INChistory →COM0.37%$24M404.0K
55NOWSERVICENOW INChistory →COM0.37%$24M60.0K
56PSXPHILLIPS 66history →COM0.36%$24M330.8K
57RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.35%$23M378.5K
58ELVANTHEM INChistory →COM0.35%$23M87.9K
59NFLXNETFLIX INChistory →COM0.35%$23M50.3K
60DGDOLLAR GEN CORP NEWhistory →COM0.34%$23M118.8K
61CPTCAMDEN PPTY TRhistory →SH BEN INT0.34%$23M247.3K
62LINDE PLCSHS0.32%$21M100.6K
63VZVERIZON COMMUNICATIONS INChistory →COM0.32%$21M384.5K
64OTISOTIS WORLDWIDE CORPhistory →COM0.31%$21M363.8K
65AXPAMERICAN EXPRESS COhistory →COM0.31%$21M216.9K
66AONAON PLChistory →SHS CL A0.31%$20M105.1K
67CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.31%$20M39.5K
68GPNGLOBAL PMTS INChistory →COM0.31%$20M118.7K
69AMDADVANCED MICRO DEVICES INChistory →COM0.30%$20M375.2K
70MUMICRON TECHNOLOGY INChistory →COM0.30%$20M380.8K
71APDAIR PRODS & CHEMS INChistory →COM0.29%$19M80.1K
72SPGIS&P GLOBAL INChistory →COM0.29%$19M58.6K
73BMYBRISTOL-MYERS SQUIBB COhistory →COM0.29%$19M327.5K
74MAAMID-AMER APT CMNTYS INChistory →COM0.29%$19M166.6K
75LMTLOCKHEED MARTIN CORPhistory →COM0.29%$19M52.1K
76NKENIKE INChistory →CL B0.29%$19M192.4K
77COSTCOSTCO WHSL CORP NEWhistory →COM0.28%$19M61.7K
78KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.28%$19M185.3K
79CDNSCADENCE DESIGN SYSTEM INChistory →COM0.28%$19M194.3K
80AMGNAMGEN INChistory →COM0.28%$18M78.4K
81KMBKIMBERLY CLARK CORPhistory →COM0.27%$18M126.6K
82PSAPUBLIC STORAGEhistory →COM0.26%$17M91.0K
83CBCHUBB LIMITEDhistory →COM0.26%$17M134.5K
84BSXBOSTON SCIENTIFIC CORPhistory →COM0.26%$17M480.8K
85MSMORGAN STANLEYhistory →COM NEW0.25%$17M347.0K
86BAXBAXTER INTL INChistory →COM0.25%$17M194.5K
87HUMHUMANA INChistory →COM0.25%$17M42.8K
88DHRDANAHER CORPORATIONhistory →COM0.25%$16M91.8K
89VLOVALERO ENERGY CORPhistory →COM0.25%$16M274.9K
90AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.24%$16M96.2K
91FISFIDELITY NATL INFORMATION SVhistory →COM0.24%$16M115.6K
92TJXTJX COS INC NEWhistory →COM0.23%$15M306.3K
93MDLZMONDELEZ INTL INChistory →CL A0.23%$15M298.4K
94NOCNORTHROP GRUMMAN CORPhistory →COM0.23%$15M49.4K
95SPGSIMON PPTY GROUP INC NEWhistory →COM0.22%$15M214.6K
96ORLYOREILLY AUTOMOTIVE INChistory →COM0.22%$15M34.4K
97ZTSZOETIS INChistory →CL A0.22%$14M105.2K
98PEPPEPSICO INChistory →COM0.22%$14M108.9K
99BABOEING COhistory →COM0.22%$14M78.4K
100OREALTY INCOME CORPhistory →COM0.22%$14M240.9K

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 ↗.