SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Employees Retirement System of Texas

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

Reported Value
$7.8B
Q1 2021
Positions
729
Filings on Record
31
2019–present window
Filed
May 14, 2021
original filing

Summary

Employees Retirement System Of Texas reported $7.8B in U.S.-listed holdings across 729 positions for Q1 2021.

Its largest position, AAPL, represents 4.2% of the portfolio.

Compared with Q4 2020, the fund opened 140 new positions and exited 56.

Portfolio Metrics

Turnover
+7.7%
vs prior filed quarter
Top-10 Concentration
+20.3%
share of reported value
Largest Position
+4.2%
Apple
New / Exited
140 / 56
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: 83.6%REIT: 10.4%ETP: 2.0%ADR: 1.9%Other: 1.6%Other: 0.5%
  • Common Stock · 83.6% · $6.5B
  • REIT · 10.4% · $807M
  • ETP · 2.0% · $152M
  • ADR · 1.9% · $147M
  • Other · 1.6% · $128M
  • Other · 0.5% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCNEW+2.67M2.67M+$326M$326M
JPMJPMORGAN CHASE & CONEW+636.0K636.0K+$97M$97M
ACNACCENTURE PLC IRELANDNEW+170.0K170.0K+$47M$47M
ABTABBOTT LABSNEW+347.6K347.6K+$42M$42M
CVXCHEVRON CORP NEWNEW+357.8K357.8K+$37M$37M
KOCOCA COLA CONEW+658.9K658.9K+$35M$35M
INTCINTEL CORPNEW+500.8K500.8K+$32M$32M
AMGNAMGEN INCNEW+112.4K112.4K+$28M$28M

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

Holdings — Q1 2021

496 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.20%$326M2.67M
2MSFTMICROSOFT CORPhistory →COM3.43%$266M1.13M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.86%$222M107.5K
4AMZNAMAZON COM INChistory →COM2.81%$218M70.4K
5METAFACEBOOK INChistory →CL A1.53%$119M402.7K
6MBBISHARES TRMBS ETF · JPMORGAN USD EMG · EAFE VALUE ETF1.39%$108M1.13M
7JPMJPMORGAN CHASE & COhistory →COM1.25%$97M636.0K
8MAMASTERCARD INCORPORATEDhistory →CL A0.96%$74M208.2K
9TSLATESLA INChistory →COM0.96%$74M111.0K
10PLDPROLOGIS INC.history →COM0.90%$69M655.2K
11PYPLPAYPAL HLDGS INChistory →COM0.89%$69M283.4K
12JNJJOHNSON & JOHNSONhistory →COM0.88%$69M416.9K
13CMCSACOMCAST CORP NEWhistory →CL A0.86%$67M1.24M
14VVISA INChistory →COM CL A0.83%$65M305.8K
15PGPROCTER AND GAMBLE COhistory →COM0.83%$64M472.9K
16UNHUNITEDHEALTH GROUP INChistory →COM0.83%$64M172.1K
17BACBK OF AMERICA CORPhistory →COM0.72%$56M1.45M
18NVDANVIDIA CORPORATIONhistory →COM0.69%$54M100.7K
19HDHOME DEPOT INChistory →COM0.68%$52M171.8K
20MDTMEDTRONIC PLChistory →SHS0.66%$51M430.5K
21BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.64%$50M3.38M
22AVGOBROADCOM INChistory →COM0.64%$50M107.5K
23GSGOLDMAN SACHS GROUP INChistory →COM0.62%$48M147.9K
24WFCWELLS FARGO CO NEWhistory →COM0.62%$48M1.23M
25ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.62%$48M101.2K
26ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.61%$47M170.0K
27BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.57%$44M172.4K
28DISDISNEY WALT COhistory →COM0.56%$44M237.5K
29QCOMQUALCOMM INChistory →COM0.55%$42M319.0K
30ABTABBOTT LABShistory →COM0.54%$42M347.6K
31TXNTEXAS INSTRS INChistory →COM0.53%$41M219.4K
32LOWLOWES COS INChistory →COM0.53%$41M217.3K
33AMATAPPLIED MATLS INChistory →COM0.51%$40M297.0K
34NEENEXTERA ENERGY INChistory →COM0.50%$38M508.0K
35CVXCHEVRON CORP NEWhistory →COM0.48%$37M357.8K
36ELVANTHEM INChistory →COM0.48%$37M103.8K
37CCITIGROUP INChistory →COM NEW0.47%$36M500.7K
38LLYLILLY ELI & COhistory →COM0.46%$35M189.7K
39EXMOCEXXON MOBIL CORPhistory →COM0.45%$35M629.5K
40FDXFEDEX CORPhistory →COM0.45%$35M123.0K
41HONHONEYWELL INTL INChistory →COM0.45%$35M160.7K
42KOCOCA COLA COhistory →COM0.45%$35M658.9K
43ABBVABBVIE INChistory →COM0.45%$35M320.3K
44DEDEERE & COhistory →COM0.44%$34M91.3K
45CTVACORTEVA INChistory →COM0.44%$34M728.0K
46TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.43%$33M73.0K
47DISCOVER FINL SVCSCOM0.43%$33M347.2K
48MSMORGAN STANLEYhistory →COM NEW0.42%$33M423.0K
49INTCINTEL CORPhistory →COM0.41%$32M500.8K
50XBISPDR SER TRS&P BIOTECH · S&P REGL BKG0.40%$31M283.1K
51NXPINXP SEMICONDUCTORS N Vhistory →COM0.40%$31M152.2K
52FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.39%$31M32.72M
53GPNGLOBAL PMTS INChistory →COM0.38%$29M145.7K
54MRKMERCK & CO. INChistory →COM0.38%$29M379.7K
55BLACKROCK INCCOM0.37%$28M37.6K
56LINDE PLCSHS0.36%$28M100.6K
57OTISOTIS WORLDWIDE CORPhistory →COM0.36%$28M411.3K
58NKENIKE INChistory →CL B0.36%$28M211.4K
59AMGNAMGEN INChistory →COM0.36%$28M112.4K
60CBCHUBB LIMITEDhistory →COM0.36%$28M174.8K
61SPGSIMON PPTY GROUP INC NEWhistory →COM0.36%$28M242.6K
62VICIVICI PPTYS INChistory →COM0.35%$27M967.7K
63GENERAL ELECTRIC COCOM0.35%$27M2.06M
64VTRVENTAS INChistory →COM0.35%$27M504.1K
65RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.34%$27M344.0K
66DHRDANAHER CORPORATIONhistory →COM0.34%$27M117.8K
67NFLXNETFLIX INChistory →COM0.34%$26M50.3K
68TGTTARGET CORPhistory →COM0.33%$26M131.0K
69MUMICRON TECHNOLOGY INChistory →COM0.33%$26M293.8K
70ESSESSEX PPTY TR INChistory →COM0.32%$25M92.4K
71WMTWALMART INChistory →COM0.32%$25M184.9K
72EQREQUITY RESIDENTIALhistory →SH BEN INT0.32%$25M350.0K
73LPLALPL FINL HLDGS INChistory →COM0.32%$25M173.0K
74VZVERIZON COMMUNICATIONS INChistory →COM0.31%$24M416.5K
75KANSAS CITY SOUTHERNCOM NEW0.31%$24M91.6K
76BMYBRISTOL-MYERS SQUIBB COhistory →COM0.31%$24M379.5K
77CRMSALESFORCE COM INChistory →COM0.31%$24M112.7K
78CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A0.31%$24M38.5K
79AXPAMERICAN EXPRESS COhistory →COM0.30%$23M163.9K
80PWRQUANTA SVCS INChistory →COM0.30%$23M261.3K
81NOWSERVICENOW INChistory →COM0.29%$23M45.7K
82AMPAMERIPRISE FINL INChistory →COM0.29%$23M98.0K
83TAT&T INChistory →COM0.29%$22M734.6K
84MCDMCDONALDS CORPhistory →COM0.28%$22M97.6K
85DGDOLLAR GEN CORP NEWhistory →COM0.28%$22M107.6K
86COSTCOSTCO WHSL CORP NEWhistory →COM0.28%$22M61.7K
87ETNEATON CORP PLChistory →SHS0.28%$21M155.0K
88AMTAMERICAN TOWER CORP NEWhistory →COM0.28%$21M89.5K
89PSAPUBLIC STORAGEhistory →COM0.27%$21M85.3K
90PFEPFIZER INChistory →COM0.27%$21M578.5K
91URIUNITED RENTALS INChistory →COM0.27%$21M63.5K
92CMICUMMINS INChistory →COM0.27%$21M80.0K
93CPTCAMDEN PPTY TRhistory →SH BEN INT0.27%$21M188.4K
94TJXTJX COS INC NEWhistory →COM0.26%$20M306.3K
95AMDADVANCED MICRO DEVICES INChistory →COM0.26%$20M253.2K
96AVBAVALONBAY CMNTYS INChistory →COM0.25%$20M106.7K
97EXCEXELON CORPhistory →COM0.25%$20M446.6K
98DLRDIGITAL RLTY TR INChistory →COM0.25%$19M138.0K
99MAAMID-AMER APT CMNTYS INChistory →COM0.25%$19M132.6K
100PSXPHILLIPS 66history →COM0.24%$19M233.0K

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 ↗.