SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Employees Retirement System of Texas

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

Reported Value
$8.4B
Q1 2022
Positions
748
Filings on Record
30
2019–present window
Filed
May 13, 2022
original filing

Summary

Employees Retirement System Of Texas reported $8.4B in U.S.-listed holdings across 748 positions for Q1 2022.

Its largest position, AAPL, represents 5.1% of the portfolio.

Compared with Q4 2021, the fund opened 61 new positions and exited 68.

Portfolio Metrics

Turnover
+8.8%
vs prior filed quarter
Top-10 Concentration
+22.2%
share of reported value
Largest Position
+5.1%
Apple
New / Exited
61 / 68
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
Q1 ’19: $6.6BQ1 ’19Q2 ’19: $6.6BQ3 ’19: $6.4BQ4 ’19: $6.4BQ1 ’20: $5.2BQ1 ’20Q2 ’20: $6.6BQ3 ’20: $6.8BQ4 ’20: $6.3BQ1 ’21: $7.8BQ1 ’21Q2 ’21: $8.2BQ3 ’21: $8.6BQ4 ’21: $8.9BQ1 ’22: $8.4BQ1 ’22Q2 ’22: $7.0BQ3 ’22: $6.6BQ4 ’22: $6.9BQ1 ’23: $6.9BQ1 ’23Q2 ’23: $7.3BQ3 ’23: $6.7BQ4 ’23: $8.5BQ1 ’24: $9.2BQ1 ’24Q2 ’24: $10.7BQ3 ’24: $11.6BQ4 ’24: $11.7BQ1 ’25: $11.0BQ1 ’25Q2 ’25: $12.3BQ3 ’25: $12.5BQ4 ’25: $12.3BQ1 ’26: $11.4BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 85.4%REIT: 9.9%ADR: 1.7%Other: 1.4%ETP: 1.0%Other: 0.6%
  • Common Stock · 85.4% · $7.1B
  • REIT · 9.9% · $832M
  • ADR · 1.7% · $140M
  • Other · 1.4% · $119M
  • ETP · 1.0% · $84M
  • Other · 0.6% · $49M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BXBLACKSTONE INCNEW+144.0K144.0K+$18M$18M
SHELSHELL PLCNEW+276.7K276.7K+$15M$15M
CEGCONSTELLATION ENERGY CORPNEW+266.0K266.0K+$15M$15M
CXWCORECIVIC INCNEW+974.8K974.8K+$11M$11M
MTBM & T BK CORPNEW+59.7K59.7K+$10M$10M
BDXBECTON DICKINSON & CONEW+37.0K37.0K+$10M$10M
METMETLIFE INCNEW+140.0K140.0K+$10M$10M
JCIJOHNSON CTLS INTL PLCNEW+150.0K150.0K+$10M$10M

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

Holdings — Q1 2022

496 positions (from 500 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM5.12%$428M2.45M
2MSFTMICROSOFT CORPhistory →COM4.11%$344M1.12M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.12%$261M93.5K
4AMZNAMAZON COM INChistory →COM2.57%$215M66.0K
5TSLATESLA INChistory →COM1.61%$135M125.0K
6NVDANVIDIA CORPORATIONhistory →COM1.30%$109M398.8K
7PLDPROLOGIS INC.history →COM1.19%$100M616.6K
8METAMETA PLATFORMS INChistory →CL A1.14%$96M430.5K
9UNHUNITEDHEALTH GROUP INChistory →COM1.07%$90M175.5K
10JNJJOHNSON & JOHNSONhistory →COM0.99%$83M469.5K
11BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.93%$78M220.9K
12WFCWELLS FARGO CO NEWhistory →COM0.84%$70M1.44M
13PGPROCTER AND GAMBLE COhistory →COM0.83%$70M456.9K
14MAMASTERCARD INCORPORATEDhistory →CL A0.83%$69M193.7K
15JPMJPMORGAN CHASE & COhistory →COM0.80%$67M491.4K
16BACBK OF AMERICA CORPhistory →COM0.79%$66M1.61M
17AVGOBROADCOM INChistory →COM0.75%$63M99.4K
18EQIXEQUINIX INChistory →COM0.70%$59M79.2K
19EXMOCEXXON MOBIL CORPhistory →COM0.70%$59M710.2K
20ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.68%$57M169.7K
21EMBISHARES TRJPMORGAN USD EMG · CORE S&P SCP ETF · MSCI EAFE ETF0.67%$56M573.4K
22CVXCHEVRON CORP NEWhistory →COM0.66%$56M341.1K
23COSTCOSTCO WHSL CORP NEWhistory →COM0.62%$52M90.7K
24ABBVABBVIE INChistory →COM0.62%$52M320.3K
25ELVANTHEM INChistory →COM0.62%$52M104.9K
26AXPAMERICAN EXPRESS COhistory →COM0.61%$51M273.0K
27VVISA INChistory →COM CL A0.57%$47M213.8K
28PFEPFIZER INChistory →COM0.56%$47M910.1K
29CMCSACOMCAST CORP NEWhistory →CL A0.56%$47M1.00M
30LLYLILLY ELI & COhistory →COM0.56%$47M162.7K
31TMUST-MOBILE US INChistory →COM0.55%$46M361.4K
32KOCOCA COLA COhistory →COM0.55%$46M741.9K
33HDHOME DEPOT INChistory →COM0.53%$44M147.8K
34TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.52%$43M73.0K
35DEDEERE & COhistory →COM0.50%$42M101.0K
36CRMSALESFORCE COM INChistory →COM0.50%$42M196.7K
37MDTMEDTRONIC PLChistory →SHS0.49%$41M372.3K
38ABTABBOTT LABShistory →COM0.49%$41M347.6K
39BMYBRISTOL-MYERS SQUIBB COhistory →COM0.47%$40M542.8K
40AMATAPPLIED MATLS INChistory →COM0.47%$39M297.0K
41AMDADVANCED MICRO DEVICES INChistory →COM0.46%$38M349.0K
42LOWLOWES COS INChistory →COM0.45%$38M187.9K
43PANWPALO ALTO NETWORKS INChistory →COM0.45%$38M60.6K
44NEENEXTERA ENERGY INChistory →COM0.45%$37M441.0K
45MRKMERCK & CO INChistory →COM0.44%$37M453.0K
46PMPHILIP MORRIS INTL INChistory →COM0.44%$37M393.7K
47CBCHUBB LIMITEDhistory →COM0.44%$37M172.5K
48LINDE PLCSHS0.42%$35M109.6K
49DHRDANAHER CORPORATIONhistory →COM0.41%$35M117.8K
50NEMNEWMONT CORPhistory →COM0.40%$34M423.0K
51OREALTY INCOME CORPhistory →COM0.39%$33M470.1K
52FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.38%$32M32.72M
53BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.38%$32M2.04M
54DDDUPONT DE NEMOURS INChistory →COM0.38%$32M430.7K
55MSMORGAN STANLEYhistory →COM NEW0.36%$31M349.0K
56DISDISNEY WALT COhistory →COM0.36%$30M218.5K
57NOWSERVICENOW INChistory →COM0.36%$30M53.7K
58VTRVENTAS INChistory →COM0.36%$30M483.1K
59MUMICRON TECHNOLOGY INChistory →COM0.35%$30M380.7K
60PSAPUBLIC STORAGEhistory →COM0.35%$29M75.3K
61RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.35%$29M295.4K
62CTVACORTEVA INChistory →COM0.34%$29M497.0K
63SPGIS&P GLOBAL INChistory →COM0.33%$28M67.7K
64COPCONOCOPHILLIPShistory →COM0.33%$27M273.1K
65WMTWALMART INChistory →COM0.33%$27M182.9K
66WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.32%$27M114.2K
67MCDMCDONALDS CORPhistory →COM0.32%$27M108.6K
68AMPAMERIPRISE FINL INChistory →COM0.32%$27M89.0K
69ADBEADOBE SYSTEMS INCORPORATEDhistory →COM0.32%$27M58.2K
70NXPINXP SEMICONDUCTORS N Vhistory →COM0.32%$26M143.0K
71LPLALPL FINL HLDGS INChistory →COM0.31%$26M144.0K
72NKENIKE INChistory →CL B0.31%$26M193.4K
73HLTHILTON WORLDWIDE HLDGS INChistory →COM0.31%$26M171.2K
74VZVERIZON COMMUNICATIONS INChistory →COM0.31%$26M508.5K
75CPTCAMDEN PPTY TRhistory →SH BEN INT0.31%$26M155.8K
76EQREQUITY RESIDENTIALhistory →SH BEN INT0.31%$26M287.6K
77AONAON PLChistory →SHS CL A0.31%$26M79.3K
78PWRQUANTA SVCS INChistory →COM0.31%$26M194.9K
79DUKE REALTY CORPCOM NEW0.30%$25M439.1K
80SPGSIMON PPTY GROUP INC NEWhistory →COM0.30%$25M192.6K
81QCOMQUALCOMM INChistory →COM0.30%$25M162.8K
82NFLXNETFLIX INChistory →COM0.30%$25M66.3K
83AVBAVALONBAY CMNTYS INChistory →COM0.29%$25M98.7K
84TGTTARGET CORPhistory →COM0.29%$24M115.0K
85AEEAMEREN CORPhistory →COM0.29%$24M255.1K
86NSCNORFOLK SOUTHN CORPhistory →COM0.28%$24M83.0K
87ETNEATON CORP PLChistory →SHS0.28%$24M155.0K
88PYPLPAYPAL HLDGS INChistory →COM0.28%$23M202.2K
89CCITIGROUP INChistory →COM NEW0.27%$23M430.3K
90TJXTJX COS INC NEWhistory →COM0.27%$23M379.3K
91MAAMID-AMER APT CMNTYS INChistory →COM0.27%$23M109.6K
92INTCINTEL CORPhistory →COM0.27%$23M462.6K
93GPNGLOBAL PMTS INChistory →COM0.27%$23M166.7K
94LMTLOCKHEED MARTIN CORPhistory →COM0.27%$22M50.8K
95EXREXTRA SPACE STORAGE INChistory →COM0.26%$22M107.0K
96HEALTHCARE TR AMER INCCL A NEW0.26%$22M696.2K
97ORLYOREILLY AUTOMOTIVE INChistory →COM0.26%$22M31.4K
98WECWEC ENERGY GROUP INChistory →COM0.26%$21M215.0K
99DISCOVER FINL SVCSCOM0.26%$21M194.2K
100ISRGINTUITIVE SURGICAL INChistory →COM NEW0.25%$21M68.7K

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 ↗

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 ↗.