SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Employees Retirement System of Texas

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

Reported Value
$8.2B
Q2 2021
Positions
735
Filings on Record
31
2019–present window
Filed
Aug 10, 2021
original filing

Summary

Employees Retirement System Of Texas reported $8.2B in U.S.-listed holdings across 735 positions for Q2 2021.

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

Compared with Q1 2021, the fund opened 53 new positions and exited 47.

Portfolio Metrics

Turnover
+7.3%
vs prior filed quarter
Top-10 Concentration
+21.3%
share of reported value
Largest Position
+4.3%
Apple
New / Exited
53 / 47
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: 82.7%REIT: 10.9%ADR: 2.0%Other: 2.0%ETP: 1.8%Other: 0.5%
  • Common Stock · 82.7% · $6.8B
  • REIT · 10.9% · $896M
  • ADR · 2.0% · $168M
  • Other · 2.0% · $164M
  • ETP · 1.8% · $151M
  • Other · 0.5% · $45M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NOBLE CORP NEWNEW+1.48M1.48M+$37M$37M
NSCNORFOLK SOUTHN CORPNEW+83.0K83.0K+$22M$22M
MRVLMARVELL TECHNOLOGY INCNEW+197.0K197.0K+$11M$11M
MRNAMODERNA INCNEW+48.0K48.0K+$11M$11M
BKRBAKER HUGHES COMPANYNEW+363.9K363.9K+$8M$8M
TCOMTRIP COM GROUP LTDNEW+231.7K231.7K+$8M$8M
GTMZOOMINFO TECHNOLOGIES INCNEW+139.5K139.5K+$7M$7M
SAPSAP SENEW+45.0K45.0K+$6M$6M

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

Holdings — Q2 2021

495 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.31%$355M2.59M
2MSFTMICROSOFT CORPhistory →COM3.71%$305M1.13M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.23%$266M106.8K
4AMZNAMAZON COM INChistory →COM2.77%$228M66.2K
5METAFACEBOOK INChistory →CL A1.72%$141M406.8K
6MBBISHARES TRMBS ETF · JPMORGAN USD EMG · CORE S&P SCP ETF · EAFE VALUE ETF · MSCI EAFE ETF1.31%$108M1.04M
7JPMJPMORGAN CHASE & COhistory →COM1.18%$97M624.6K
8NVDANVIDIA CORPORATIONhistory →COM1.04%$86M107.1K
9PYPLPAYPAL HLDGS INChistory →COM0.98%$81M277.8K
10PLDPROLOGIS INC.history →COM0.98%$81M676.0K
11TSLATESLA INChistory →COM0.92%$75M111.0K
12VVISA INChistory →COM CL A0.90%$74M316.0K
13CMCSACOMCAST CORP NEWhistory →CL A0.90%$74M1.29M
14MAMASTERCARD INCORPORATEDhistory →CL A0.89%$73M200.8K
15UNHUNITEDHEALTH GROUP INChistory →COM0.86%$71M176.8K
16JNJJOHNSON & JOHNSONhistory →COM0.84%$69M416.9K
17ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.72%$59M101.2K
18BACBK OF AMERICA CORPhistory →COM0.70%$57M1.39M
19PGPROCTER AND GAMBLE COhistory →COM0.66%$54M401.9K
20ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.66%$54M183.3K
21WFCWELLS FARGO CO NEWhistory →COM0.66%$54M1.19M
22MDTMEDTRONIC PLChistory →SHS0.65%$53M430.9K
23GSGOLDMAN SACHS GROUP INChistory →COM0.63%$52M135.7K
24AVGOBROADCOM INChistory →COM0.62%$51M107.5K
25BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.58%$48M172.4K
26HDHOME DEPOT INChistory →COM0.57%$47M147.8K
27AMATAPPLIED MATLS INChistory →COM0.51%$42M297.0K
28DISDISNEY WALT COhistory →COM0.51%$42M237.5K
29LOWLOWES COS INChistory →COM0.50%$41M212.3K
30TXNTEXAS INSTRS INChistory →COM0.50%$41M212.3K
31ELVANTHEM INChistory →COM0.49%$41M106.6K
32ABTABBOTT LABShistory →COM0.49%$40M347.6K
33EXMOCEXXON MOBIL CORPhistory →COM0.48%$40M629.5K
34MSMORGAN STANLEYhistory →COM NEW0.47%$39M423.0K
35LLYLILLY ELI & COhistory →COM0.47%$39M167.8K
36MRKMERCK & CO INChistory →COM0.46%$38M486.0K
37TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.45%$37M73.0K
38NOBLE CORP NEWSHS0.44%$37M1.48M
39ABBVABBVIE INChistory →COM0.44%$36M320.3K
40EQIXEQUINIX INChistory →COM0.44%$36M44.8K
41KOCOCA COLA COhistory →COM0.43%$36M658.9K
42CBCHUBB LIMITEDhistory →COM0.42%$35M219.3K
43VICIVICI PPTYS INChistory →COM0.42%$35M1.12M
44DISCOVER FINL SVCSCOM0.41%$34M283.2K
45FDXFEDEX CORPhistory →COM0.40%$33M111.4K
46QCOMQUALCOMM INChistory →COM0.40%$33M232.4K
47BLACKROCK INCCOM0.40%$33M37.6K
48FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.40%$33M32.72M
49NEENEXTERA ENERGY INChistory →COM0.39%$32M441.0K
50DEDEERE & COhistory →COM0.39%$32M91.3K
51BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.39%$32M2.10M
52COSTCOSTCO WHSL CORP NEWhistory →COM0.39%$32M80.7K
53TGTTARGET CORPhistory →COM0.39%$32M131.0K
54SPGSIMON PPTY GROUP INC NEWhistory →COM0.38%$32M242.6K
55DHRDANAHER CORPORATIONhistory →COM0.38%$32M117.8K
56HONHONEYWELL INTL INChistory →COM0.38%$31M142.7K
57CVXCHEVRON CORP NEWhistory →COM0.38%$31M294.6K
58CTVACORTEVA INChistory →COM0.37%$30M684.6K
59NKENIKE INChistory →CL B0.36%$30M193.4K
60XBISPDR SER TRhistory →S&P BIOTECH0.35%$29M215.0K
61LINDE PLCSHS0.35%$29M100.6K
62VTRVENTAS INChistory →COM0.35%$29M504.1K
63CCITIGROUP INChistory →COM NEW0.35%$28M402.2K
64INTCINTEL CORPhistory →COM0.34%$28M500.8K
65ESSESSEX PPTY TR INChistory →COM0.34%$28M92.4K
66GENERAL ELECTRIC COCOM0.34%$28M2.06M
67GPNGLOBAL PMTS INChistory →COM0.33%$27M145.7K
68DGDOLLAR GEN CORP NEWhistory →COM0.33%$27M125.2K
69AXPAMERICAN EXPRESS COhistory →COM0.33%$27M163.9K
70EQREQUITY RESIDENTIALhistory →SH BEN INT0.33%$27M350.0K
71RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.32%$27M311.6K
72NFLXNETFLIX INChistory →COM0.32%$27M50.3K
73PANWPALO ALTO NETWORKS INChistory →COM0.32%$26M70.6K
74WMTWALMART INChistory →COM0.32%$26M184.9K
75AONAON PLChistory →SHS CL A0.31%$26M107.7K
76NXPINXP SEMICONDUCTORS N Vhistory →COM0.31%$26M124.8K
77PSAPUBLIC STORAGEhistory →COM0.31%$26M85.3K
78CPTCAMDEN PPTY TRhistory →SH BEN INT0.31%$26M192.7K
79BMYBRISTOL-MYERS SQUIBB COhistory →COM0.31%$25M379.5K
80TWLOTWILIO INChistory →CL A0.31%$25M64.2K
81NOWSERVICENOW INChistory →COM0.31%$25M45.7K
82MUMICRON TECHNOLOGY INChistory →COM0.30%$25M293.8K
83AMPAMERIPRISE FINL INChistory →COM0.30%$24M98.0K
84AMTAMERICAN TOWER CORP NEWhistory →COM0.29%$24M89.5K
85AMGNAMGEN INChistory →COM0.29%$24M98.8K
86ISRGINTUITIVE SURGICAL INChistory →COM NEW0.29%$24M25.9K
87PMPHILIP MORRIS INTL INChistory →COM0.28%$23M236.0K
88ETNEATON CORP PLChistory →SHS0.28%$23M155.0K
89TMUST-MOBILE US INChistory →COM0.28%$23M157.9K
90PFEPFIZER INChistory →COM0.28%$23M578.5K
91OTISOTIS WORLDWIDE CORPhistory →COM0.28%$23M276.5K
92MCDMCDONALDS CORPhistory →COM0.27%$23M97.6K
93MAAMID-AMER APT CMNTYS INChistory →COM0.27%$22M132.6K
94AVBAVALONBAY CMNTYS INChistory →COM0.27%$22M106.7K
95NSCNORFOLK SOUTHN CORPhistory →COM0.27%$22M83.0K
96ZTSZOETIS INChistory →CL A0.27%$22M118.2K
97PWRQUANTA SVCS INChistory →COM0.26%$22M239.1K
98TAT&T INChistory →COM0.26%$21M734.6K
99LPLALPL FINL HLDGS INChistory →COM0.26%$21M156.0K
100VZVERIZON COMMUNICATIONS INChistory →COM0.25%$21M373.5K

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 ↗.