SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.8B
Q3 2020
Positions
708
Filings on Record
31
2019–present window
Filed
Nov 12, 2020
original filing

Summary

Employees Retirement System Of Texas reported $6.8B in U.S.-listed holdings across 708 positions for Q3 2020.

Its largest position, AAPL, represents 4.7% of the portfolio.

Compared with Q2 2020, the fund opened 39 new positions and exited 59.

Portfolio Metrics

Turnover
+14.1%
vs prior filed quarter
Top-10 Concentration
+25.7%
share of reported value
Largest Position
+4.7%
Apple
New / Exited
39 / 59
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: 80.0%REIT: 8.3%ETP: 7.2%ADR: 2.8%Other: 1.3%Other: 0.4%
  • Common Stock · 80.0% · $5.5B
  • REIT · 8.3% · $566M
  • ETP · 7.2% · $489M
  • ADR · 2.8% · $191M
  • Other · 1.3% · $91M
  • Other · 0.4% · $25M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEENEXTERA ENERGY INCNEW+127.0K127.0K+$35M$35M
FORUM ENERGY TECHNOLOGIES INNEW+32.72M32.72M+$20M$20M
DDOMINION ENERGY INCNEW+222.0K222.0K+$18M$18M
MTCHMATCH GROUP INC NEWNEW+98.7K98.7K+$11M$11M
WECWEC ENERGY GROUP INCNEW+106.0K106.0K+$10M$10M
PINSPINTEREST INCNEW+233.0K233.0K+$10M$10M
PODDINSULET CORPNEW+35.0K35.0K+$8M$8M
WLLWHITING PETE CORP NEWNEW+293.7K293.7K+$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 2020

495 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.66%$317M2.74M
2MBBISHARES TRIBOXX HI YD ETF · MBS ETF · JPMORGAN USD EMG · US HOME CONS ETF3.73%$254M2.78M
3MSFTMICROSOFT CORPhistory →COM3.49%$238M1.13M
4AMZNAMAZON COM INChistory →COM3.35%$228M72.4K
5DBX ETF TRXTRACK USD HIGH3.03%$207M4.30M
6GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.40%$164M111.5K
7METAFACEBOOK INChistory →CL A1.72%$117M447.7K
8BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS1.29%$88M299.5K
9PYPLPAYPAL HLDGS INChistory →COM1.00%$68M344.5K
10PLDPROLOGIS INC.history →COM0.99%$67M669.8K
11PGPROCTER AND GAMBLE COhistory →COM0.94%$64M458.9K
12JPMJPMORGAN CHASE & COhistory →COM0.92%$63M650.0K
13JNJJOHNSON & JOHNSONhistory →COM0.91%$62M416.9K
14VVISA INChistory →COM CL A0.90%$61M305.8K
15NVDANVIDIA CORPORATIONhistory →COM0.90%$61M112.7K
16BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.89%$61M5.98M
17MAMASTERCARD INCORPORATEDhistory →CL A0.88%$60M177.3K
18UNHUNITEDHEALTH GROUP INChistory →COM0.80%$54M174.2K
19CMCSACOMCAST CORP NEWhistory →CL A0.79%$54M1.17M
20HDHOME DEPOT INChistory →COM0.73%$50M179.8K
21TSLATESLA INChistory →COM0.69%$47M110.0K
22ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.66%$45M91.2K
23CRMSALESFORCE COM INChistory →COM0.61%$42M165.7K
24AVGOBROADCOM INChistory →COM0.61%$42M114.3K
25ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.60%$41M181.0K
26QCOMQUALCOMM INChistory →COM0.58%$39M333.4K
27ABTABBOTT LABShistory →COM0.56%$38M347.6K
28BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.54%$37M172.4K
29TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.54%$37M83.0K
30MCDMCDONALDS CORPhistory →COM0.52%$35M160.6K
31NEENEXTERA ENERGY INChistory →COM0.52%$35M127.0K
32BACBK OF AMERICA CORPhistory →COM0.51%$35M1.45M
33KOCOCA COLA COhistory →COM0.51%$35M704.9K
34UNPUNION PAC CORPhistory →COM0.47%$32M163.1K
35MRKMERCK & CO. INChistory →COM0.47%$32M386.7K
36TXNTEXAS INSTRS INChistory →COM0.47%$32M222.1K
37LOWLOWES COS INChistory →COM0.46%$31M189.8K
38MDTMEDTRONIC PLChistory →SHS0.45%$30M291.9K
39DISDISNEY WALT COhistory →COM DISNEY0.44%$30M242.5K
40FDXFEDEX CORPhistory →COM0.44%$30M119.0K
41GSGOLDMAN SACHS GROUP INChistory →COM0.43%$29M145.8K
42AMGNAMGEN INChistory →COM0.43%$29M114.4K
43NKENIKE INChistory →CL B0.39%$27M211.4K
44ABBVABBVIE INChistory →COM0.38%$26M299.3K
45VRTXVERTEX PHARMACEUTICALS INChistory →COM0.38%$26M96.2K
46NOWSERVICENOW INChistory →COM0.38%$26M54.0K
47WMTWALMART INChistory →COM0.38%$26M184.9K
48AMDADVANCED MICRO DEVICES INChistory →COM0.38%$26M313.2K
49LLYLILLY ELI & COhistory →COM0.37%$25M171.7K
50CVXCHEVRON CORP NEWhistory →COM0.37%$25M352.9K
51NFLXNETFLIX INChistory →COM0.37%$25M50.3K
52CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.36%$25M39.5K
53AMTAMERICAN TOWER CORP NEWhistory →COM0.36%$24M100.5K
54LINDE PLCSHS0.35%$24M100.6K
55NXPINXP SEMICONDUCTORS N Vhistory →COM0.34%$23M187.8K
56BMYBRISTOL-MYERS SQUIBB COhistory →COM0.34%$23M379.5K
57APDAIR PRODS & CHEMS INChistory →COM0.33%$22M75.4K
58ELVANTHEM INChistory →COM0.33%$22M83.0K
59COSTCOSTCO WHSL CORP NEWhistory →COM0.32%$22M61.7K
60DLRDIGITAL RLTY TR INChistory →COM0.32%$22M148.5K
61AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.32%$21M134.2K
62NEMNEWMONT CORPhistory →COM0.31%$21M338.0K
63HUMHUMANA INChistory →COM0.31%$21M51.8K
64PFEPFIZER INChistory →COM0.31%$21M578.5K
65BLACKROCK INCCOM0.31%$21M37.6K
66GPNGLOBAL PMTS INChistory →COM0.31%$21M118.7K
67TAT&T INChistory →COM0.31%$21M734.6K
68XBISPDR SER TRS&P BIOTECH · S&P REGL BKG0.30%$21M240.6K
69FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.30%$20M32.72M
70MSMORGAN STANLEYhistory →COM NEW0.30%$20M423.0K
71SPGIS&P GLOBAL INChistory →COM0.30%$20M56.6K
72PSAPUBLIC STORAGEhistory →COM0.30%$20M91.0K
73LMTLOCKHEED MARTIN CORPhistory →COM0.29%$20M52.1K
74OTISOTIS WORLDWIDE CORPhistory →COM0.29%$20M317.3K
75DHRDANAHER CORPORATIONhistory →COM0.29%$20M91.8K
76DGDOLLAR GEN CORP NEWhistory →COM0.29%$20M94.0K
77ZTSZOETIS INChistory →CL A0.29%$20M118.2K
78MAAMID-AMER APT CMNTYS INChistory →COM0.28%$19M166.6K
79AONAON PLChistory →SHS CL A0.28%$19M92.7K
80MUMICRON TECHNOLOGY INChistory →COM0.28%$19M404.8K
81CCITIGROUP INChistory →COM NEW0.28%$19M440.7K
82RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.27%$19M322.9K
83DDDUPONT DE NEMOURS INChistory →COM0.27%$18M330.3K
84CPTCAMDEN PPTY TRhistory →SH BEN INT0.26%$18M202.3K
85MDLZMONDELEZ INTL INChistory →CL A0.26%$18M307.8K
86AMATAPPLIED MATLS INChistory →COM0.26%$18M297.0K
87DDOMINION ENERGY INChistory →COM0.26%$18M222.0K
88KEYSKEYSIGHT TECHNOLOGIES INChistory →COM0.26%$17M176.3K
89MARVELL TECHNOLOGY GROUP LTDORD0.25%$17M431.2K
90HONHONEYWELL INTL INChistory →COM0.25%$17M103.7K
91TJXTJX COS INC NEWhistory →COM0.25%$17M306.3K
92AMEAMETEK INChistory →COM0.25%$17M169.9K
93SHWSHERWIN WILLIAMS COhistory →COM0.25%$17M24.2K
94TMUST-MOBILE US INChistory →COM0.24%$17M145.9K
95DOVDOVER CORPhistory →COM0.24%$17M152.9K
96BSXBOSTON SCIENTIFIC CORPhistory →COM0.24%$16M428.8K
97DXCMDEXCOM INChistory →COM0.24%$16M39.2K
98INTCINTEL CORPhistory →COM0.24%$16M311.8K
99DISCOVER FINL SVCSCOM0.24%$16M279.2K
100ROPROPER TECHNOLOGIES INChistory →COM0.24%$16M40.7K

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 ↗.