SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Employees Retirement System of Texas

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

Reported Value
$8.6B
Q3 2021
Positions
787
Filings on Record
31
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Employees Retirement System Of Texas reported $8.6B in U.S.-listed holdings across 787 positions for Q3 2021.

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

Compared with Q2 2021, the fund opened 156 new positions and exited 104.

Portfolio Metrics

Turnover
+9.9%
vs prior filed quarter
Top-10 Concentration
+20.8%
share of reported value
Largest Position
+4.2%
Apple
New / Exited
156 / 104
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: 83.5%REIT: 10.8%ADR: 1.9%ETP: 1.7%Other: 1.6%Other: 0.5%
  • Common Stock · 83.5% · $7.2B
  • REIT · 10.8% · $925M
  • ADR · 1.9% · $168M
  • ETP · 1.7% · $144M
  • Other · 1.6% · $136M
  • Other · 0.5% · $43M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HEALTHCARE TR AMER INCNEW+1.42M1.42M+$42M$42M
GENERAL ELECTRIC CONEW+206.0K206.0K+$21M$21M
AZNNASTRAZENECA PLCNEW+222.3K222.3K+$13M$13M
TSNTYSON FOODS INCNEW+139.9K139.9K+$11M$11M
JNPJUNIPER NETWORKS INCNEW+392.7K392.7K+$11M$11M
HUNHUNTSMAN CORPNEW+315.1K315.1K+$9M$9M
GLAXOSMITHKLINE PLCNEW+235.5K235.5K+$9M$9M
AAALCOA CORPNEW+174.3K174.3K+$9M$9M

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

Holdings — Q3 2021

496 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.20%$361M2.55M
2MSFTMICROSOFT CORPhistory →COM3.68%$316M1.12M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.14%$270M101.3K
4AMZNAMAZON COM INChistory →COM2.62%$225M68.4K
5METAFACEBOOK INChistory →CL A1.60%$138M405.4K
6MBBISHARES TRMBS ETF · JPMORGAN USD EMG · MSCI EAFE ETF · CORE S&P SCP ETF1.31%$113M1.08M
7JPMJPMORGAN CHASE & COhistory →COM1.19%$102M625.3K
8PLDPROLOGIS INC.history →COM1.05%$90M719.9K
9NVDANVIDIA CORPORATIONhistory →COM1.02%$88M422.5K
10TSLATESLA INChistory →COM1.00%$86M111.0K
11JNJJOHNSON & JOHNSONhistory →COM0.95%$81M503.5K
12VVISA INChistory →COM CL A0.86%$74M331.7K
13PYPLPAYPAL HLDGS INChistory →COM0.81%$69M266.5K
14MAMASTERCARD INCORPORATEDhistory →CL A0.80%$69M197.6K
15UNHUNITEDHEALTH GROUP INChistory →COM0.79%$68M173.2K
16PGPROCTER AND GAMBLE COhistory →COM0.74%$64M456.9K
17CMCSACOMCAST CORP NEWhistory →CL A0.73%$63M1.13M
18WFCWELLS FARGO CO NEWhistory →COM0.72%$62M1.33M
19BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.70%$60M220.9K
20ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.65%$56M97.2K
21ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.65%$56M174.2K
22BACBK OF AMERICA CORPhistory →COM0.65%$56M1.31M
23MDTMEDTRONIC PLChistory →SHS0.65%$56M443.6K
24CRMSALESFORCE COM INChistory →COM0.59%$51M187.7K
25AVGOBROADCOM INChistory →COM0.59%$51M104.2K
26CCITIGROUP INChistory →COM NEW0.58%$50M712.7K
27HDHOME DEPOT INChistory →COM0.56%$49M147.8K
28GSGOLDMAN SACHS GROUP INChistory →COM0.55%$48M126.1K
29MSMORGAN STANLEYhistory →COM NEW0.53%$46M469.8K
30HEALTHCARE TR AMER INCCL A NEW0.49%$42M1.42M
31EQIXEQUINIX INChistory →COM0.49%$42M53.3K
32LOWLOWES COS INChistory →COM0.49%$42M206.4K
33TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.49%$42M73.0K
34WMTWALMART INChistory →COM0.48%$41M294.9K
35ABTABBOTT LABShistory →COM0.48%$41M347.6K
36EXMOCEXXON MOBIL CORPhistory →COM0.47%$41M693.0K
37DISDISNEY WALT COhistory →COM0.47%$40M237.5K
38ABBVABBVIE INChistory →COM0.45%$39M359.2K
39AMATAPPLIED MATLS INChistory →COM0.45%$39M299.9K
40ELVANTHEM INChistory →COM0.44%$38M102.2K
41LLYLILLY ELI & COhistory →COM0.44%$38M162.7K
42CBCHUBB LIMITEDhistory →COM0.44%$37M215.9K
43TMUST-MOBILE US INChistory →COM0.42%$36M285.2K
44COSTCOSTCO WHSL CORP NEWhistory →COM0.42%$36M80.7K
45CVXCHEVRON CORP NEWhistory →COM0.42%$36M356.0K
46DHRDANAHER CORPORATIONhistory →COM0.42%$36M117.8K
47RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.41%$36M414.7K
48CTVACORTEVA INChistory →COM0.41%$36M845.7K
49TXNTEXAS INSTRS INChistory →COM0.41%$35M184.0K
50NEENEXTERA ENERGY INChistory →COM0.40%$35M441.0K
51KOCOCA COLA COhistory →COM0.40%$35M658.9K
52MRKMERCK & CO INChistory →COM0.40%$34M453.0K
53PMPHILIP MORRIS INTL INChistory →COM0.39%$34M355.2K
54PFEPFIZER INChistory →COM0.39%$33M776.3K
55VTRVENTAS INChistory →COM0.38%$33M596.1K
56GMGENERAL MTRS COhistory →COM0.38%$33M618.3K
57DISCOVER FINL SVCSCOM0.37%$32M262.2K
58LINDE PLCSHS0.37%$32M109.6K
59NOBLE CORP NEWSHS0.37%$32M1.18M
60BLACKROCK INCCOM0.37%$32M37.6K
61SPGSIMON PPTY GROUP INC NEWhistory →COM0.37%$32M242.6K
62AXPAMERICAN EXPRESS COhistory →COM0.36%$31M186.1K
63BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.36%$31M2.10M
64NFLXNETFLIX INChistory →COM0.36%$31M50.3K
65FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.36%$31M32.72M
66BMYBRISTOL-MYERS SQUIBB COhistory →COM0.35%$30M503.1K
67PANWPALO ALTO NETWORKS INChistory →COM0.34%$30M61.6K
68DEDEERE & COhistory →COM0.34%$29M88.0K
69CPTCAMDEN PPTY TRhistory →SH BEN INT0.34%$29M199.5K
70HONHONEYWELL INTL INChistory →COM0.34%$29M138.0K
71EQREQUITY RESIDENTIALhistory →SH BEN INT0.33%$28M350.0K
72NKENIKE INChistory →CL B0.33%$28M193.4K
73NOWSERVICENOW INChistory →COM0.32%$27M43.7K
74AMDADVANCED MICRO DEVICES INChistory →COM0.31%$27M261.2K
75TGTTARGET CORPhistory →COM0.31%$26M115.0K
76PSAPUBLIC STORAGEhistory →COM0.31%$26M88.5K
77MCDMCDONALDS CORPhistory →COM0.30%$26M108.6K
78AMPAMERIPRISE FINL INChistory →COM0.30%$26M98.0K
79MUMICRON TECHNOLOGY INChistory →COM0.30%$25M357.9K
80DDDUPONT DE NEMOURS INChistory →COM0.29%$25M370.5K
81TJXTJX COS INC NEWhistory →COM0.29%$25M379.3K
82DGDOLLAR GEN CORP NEWhistory →COM0.29%$25M117.2K
83MAAMID-AMER APT CMNTYS INChistory →COM0.29%$25M132.6K
84AONAON PLChistory →SHS CL A0.29%$24M85.7K
85NXPINXP SEMICONDUCTORS N Vhistory →COM0.28%$24M124.8K
86CYRUSONE INCCOM0.28%$24M315.8K
87MTCHMATCH GROUP INC NEWhistory →COM0.28%$24M154.7K
88TAT&T INChistory →COM0.28%$24M897.5K
89PWRQUANTA SVCS INChistory →COM0.28%$24M210.4K
90XBISPDR SER TRhistory →S&P BIOTECH0.28%$24M189.0K
91AMTAMERICAN TOWER CORP NEWhistory →COM0.28%$24M89.5K
92AVBAVALONBAY CMNTYS INChistory →COM0.28%$24M106.7K
93QCOMQUALCOMM INChistory →COM0.27%$24M183.1K
94CATALENT INCCOM0.27%$24M177.0K
95ETNEATON CORP PLChistory →SHS0.27%$23M155.0K
96INTCINTEL CORPhistory →COM0.27%$23M432.6K
97ISRGINTUITIVE SURGICAL INChistory →COM NEW0.26%$23M22.9K
98WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.26%$23M97.8K
99LPLALPL FINL HLDGS INChistory →COM0.26%$23M144.0K
100KRKROGER COhistory →COM0.26%$22M546.6K

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 ↗.