SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Employees Retirement System of Texas

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

Reported Value
$7.0B
Q2 2022
Positions
711
Filings on Record
31
2019–present window
Filed
Aug 8, 2022
original filing

Summary

Employees Retirement System Of Texas reported $7.0B in U.S.-listed holdings across 711 positions for Q2 2022.

Its largest position, AAPL, represents 4.8% of the portfolio.

Compared with Q1 2022, the fund opened 48 new positions and exited 85.

Portfolio Metrics

Turnover
+6.9%
vs prior filed quarter
Top-10 Concentration
+20.4%
share of reported value
Largest Position
+4.8%
Apple
New / Exited
48 / 85
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: 84.7%REIT: 10.1%ADR: 1.9%ETP: 1.6%Other: 1.2%Other: 0.6%
  • Common Stock · 84.7% · $5.9B
  • REIT · 10.1% · $707M
  • ADR · 1.9% · $132M
  • ETP · 1.6% · $110M
  • Other · 1.2% · $83M
  • Other · 0.6% · $39M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WMWASTE MGMT INC DELNEW+165.0K165.0K+$25M$25M
IBMINTERNATIONAL BUSINESS MACHSNEW+155.0K155.0K+$22M$22M
EAELECTRONIC ARTS INCNEW+157.8K157.8K+$19M$19M
MCKMCKESSON CORPNEW+55.0K55.0K+$18M$18M
NOCNORTHROP GRUMMAN CORPNEW+37.0K37.0K+$18M$18M
CMECME GROUP INCNEW+74.0K74.0K+$15M$15M
GLGLOBE LIFE INCNEW+139.0K139.0K+$14M$14M
AEPAMERICAN ELEC PWR CO INCNEW+136.0K136.0K+$13M$13M

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

Holdings — Q2 2022

491 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE INChistory →COM4.79%$335M2.45M
2MSFTMICROSOFT CORPhistory →COM4.10%$287M1.12M
3GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.85%$200M91.5K
4AMZNAMAZON COM INChistory →COM2.00%$140M1.32M
5UNHUNITEDHEALTH GROUP INChistory →COM1.29%$90M175.5K
6TSLATESLA INChistory →COM1.20%$84M125.0K
7JNJJOHNSON & JOHNSONhistory →COM1.19%$83M469.5K
8EMBISHARES TRJPMORGAN USD EMG · MSCI EAFE ETF · CORE S&P SCP ETF · U.S. REAL ES ETF · IBOXX HI YD ETF · MSCI CHINA ETF · CHINA LG-CAP ETF1.06%$74M1.03M
9PLDPROLOGIS INC.history →COM1.04%$73M616.6K
10PGPROCTER AND GAMBLE COhistory →COM0.94%$66M456.9K
11METAMETA PLATFORMS INChistory →CL A0.93%$66M406.2K
12PFEPFIZER INChistory →COM0.90%$63M1.21M
13BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.86%$60M220.9K
14EXMOCEXXON MOBIL CORPhistory →COM0.86%$60M701.4K
15EQIXEQUINIX INChistory →COM0.80%$56M85.1K
16KOCOCA COLA COhistory →COM0.79%$56M884.9K
17NVDANVIDIA CORPORATIONhistory →COM0.78%$54M358.8K
18WFCWELLS FARGO CO NEWhistory →COM0.77%$54M1.38M
19LLYLILLY ELI & COhistory →COM0.75%$53M162.7K
20MAMASTERCARD INCORPORATEDhistory →CL A0.73%$51M161.3K
21ELVELEVANCE HEALTH INChistory →COM0.72%$51M104.9K
22JPMJPMORGAN CHASE & COhistory →COM0.72%$51M449.4K
23MRKMERCK & CO INChistory →COM0.72%$50M553.0K
24CVXCHEVRON CORP NEWhistory →COM0.70%$49M341.1K
25AVGOBROADCOM INChistory →COM0.70%$49M101.1K
26ABBVABBVIE INChistory →COM0.70%$49M320.3K
27ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.67%$47M169.4K
28BMYBRISTOL-MYERS SQUIBB COhistory →COM0.66%$46M600.8K
29BACBK OF AMERICA CORPhistory →COM0.65%$46M1.47M
30TMUST-MOBILE US INChistory →COM0.65%$46M339.1K
31PMPHILIP MORRIS INTL INChistory →COM0.63%$44M450.5K
32COSTCOSTCO WHSL CORP NEWhistory →COM0.62%$43M90.7K
33VVISA INChistory →COM CL A0.60%$42M213.8K
34TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.57%$40M73.0K
35ABTABBOTT LABShistory →COM0.54%$38M347.6K
36MCDMCDONALDS CORPhistory →COM0.51%$35M143.6K
37CRMSALESFORCE INChistory →COM0.49%$34M207.7K
38HDHOME DEPOT INChistory →COM0.49%$34M124.8K
39CBCHUBB LIMITEDhistory →COM0.48%$34M172.5K
40RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.47%$33M340.4K
41DISDISNEY WALT COhistory →COM0.46%$32M343.0K
42TAT&T INChistory →COM0.46%$32M1.52M
43LINDE PLCSHS0.45%$32M109.6K
44CMCSACOMCAST CORP NEWhistory →CL A0.45%$31M794.8K
45PANWPALO ALTO NETWORKS INChistory →COM0.43%$30M61.6K
46NOWSERVICENOW INChistory →COM0.43%$30M62.7K
47OREALTY INCOME CORPhistory →COM0.41%$29M425.1K
48DGDOLLAR GEN CORP NEWhistory →COM0.41%$29M117.2K
49XBISPDR SER TRS&P BIOTECH · S&P REGL BKG0.41%$29M411.8K
50DEDEERE & COhistory →COM0.41%$29M95.4K
51AXPAMERICAN EXPRESS COhistory →COM0.40%$28M203.6K
52MDTMEDTRONIC PLChistory →SHS0.40%$28M313.0K
53VICIVICI PPTYS INChistory →COM0.39%$27M907.8K
54INTUINTUIThistory →COM0.39%$27M70.1K
55MSMORGAN STANLEYhistory →COM NEW0.38%$27M349.0K
56BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.38%$26M1.95M
57EQREQUITY RESIDENTIALhistory →SH BEN INT0.38%$26M365.6K
58VZVERIZON COMMUNICATIONS INChistory →COM0.37%$26M508.5K
59AMTAMERICAN TOWER CORP NEWhistory →COM0.37%$26M100.5K
60LOWLOWES COS INChistory →COM0.36%$26M146.4K
61DHRDANAHER CORPORATIONhistory →COM0.36%$25M99.8K
62WMWASTE MGMT INC DELhistory →COM0.36%$25M165.0K
63AMATAPPLIED MATLS INChistory →COM0.36%$25M275.0K
64NEENEXTERA ENERGY INChistory →COM0.36%$25M322.0K
65VTRVENTAS INChistory →COM0.35%$25M478.4K
66COPCONOCOPHILLIPShistory →COM0.35%$25M273.1K
67PWRQUANTA SVCS INChistory →COM0.35%$24M194.9K
68ORLYOREILLY AUTOMOTIVE INChistory →COM0.35%$24M38.4K
69DUKE REALTY CORPCOM NEW0.34%$24M439.1K
70AEEAMEREN CORPhistory →COM0.34%$24M266.1K
71FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.34%$24M24.97M
72PSAPUBLIC STORAGEhistory →COM0.34%$24M75.3K
73EXCEXELON CORPhistory →COM0.33%$23M515.0K
74WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.32%$23M114.2K
75LPLALPL FINL HLDGS INChistory →COM0.32%$23M122.0K
76NEMNEWMONT CORPhistory →COM0.32%$22M376.0K
77AMDADVANCED MICRO DEVICES INChistory →COM0.32%$22M293.0K
78WMTWALMART INChistory →COM0.32%$22M182.9K
79QCOMQUALCOMM INChistory →COM0.32%$22M173.8K
80IBMINTERNATIONAL BUSINESS MACHShistory →COM0.31%$22M155.0K
81WECWEC ENERGY GROUP INChistory →COM0.31%$22M215.0K
82DLRDIGITAL RLTY TR INChistory →COM0.31%$21M165.0K
83CCITIGROUP INChistory →COM NEW0.30%$21M458.6K
84MUMICRON TECHNOLOGY INChistory →COM0.30%$21M380.7K
85BKNGBOOKING HOLDINGS INChistory →COM0.30%$21M12.0K
86SPGIS&P GLOBAL INChistory →COM0.30%$21M61.6K
87COLDAMERICOLD REALTY TRUST INChistory →COM0.30%$21M689.4K
88FDXFEDEX CORPhistory →COM0.29%$20M89.4K
89GPNGLOBAL PMTS INChistory →COM0.29%$20M180.9K
90SYYSYSCO CORPhistory →COM0.28%$20M235.2K
91EAELECTRONIC ARTS INChistory →COM0.27%$19M157.8K
92AVBAVALONBAY CMNTYS INChistory →COM0.27%$19M98.7K
93NSCNORFOLK SOUTHN CORPhistory →COM0.27%$19M83.0K
94PSXPHILLIPS 66history →COM0.27%$19M229.3K
95PEPPEPSICO INChistory →COM0.26%$18M110.9K
96VRTXVERTEX PHARMACEUTICALS INChistory →COM0.26%$18M65.2K
97CTVACORTEVA INChistory →COM0.26%$18M338.0K
98SPGSIMON PPTY GROUP INC NEWhistory →COM0.26%$18M192.6K
99AONAON PLChistory →SHS CL A0.26%$18M67.6K
100EXREXTRA SPACE STORAGE INChistory →COM0.26%$18M107.0K

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 ↗.