SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.6B
Q3 2022
Positions
349
Filings on Record
31
2019–present window
Filed
Nov 10, 2022
original filing

Summary

Employees Retirement System Of Texas reported $6.6B in U.S.-listed holdings across 349 positions for Q3 2022.

Its largest position, VOO, represents 6.8% of the portfolio.

Compared with Q2 2022, the fund opened 28 new positions and exited 390.

Portfolio Metrics

Turnover
+24.2%
vs prior filed quarter
Top-10 Concentration
+29.5%
share of reported value
Largest Position
+6.8%
Vanguard Index Fds
New / Exited
28 / 390
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: 77.3%ETP: 9.9%REIT: 9.8%ADR: 1.6%Other: 0.8%Other: 0.5%
  • Common Stock · 77.3% · $5.1B
  • ETP · 9.9% · $652M
  • REIT · 9.8% · $646M
  • ADR · 1.6% · $108M
  • Other · 0.8% · $51M
  • Other · 0.5% · $36M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VOOVANGUARD INDEX FDSNEW+1.36M1.36M+$445M$445M
EEMISHARES TRNEW+3.95M3.95M+$138M$138M
ACWIISHARES TRNEW+559.3K559.3K+$44M$44M
HRHEALTHCARE RLTY TRNEW+1.67M1.67M+$35M$35M
SEAGEN INCNEW+126.0K126.0K+$17M$17M
CMGCHIPOTLE MEXICAN GRILL INCNEW+9.0K9.0K+$14M$14M
HSTHOST HOTELS & RESORTS INCNEW+550.0K550.0K+$9M$9M
GSKGSK PLCNEW+287.3K287.3K+$8M$8M

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

Holdings — Q3 2022

339 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDShistory →S&P 500 ETF SHS6.78%$445M1.36M
2AAPLAPPLE INChistory →COM5.18%$340M2.46M
3MSFTMICROSOFT CORPhistory →COM4.10%$269M1.16M
4EEMISHARES TRMSCI EMG MKT ETF · MSCI ACWI ETF · U.S. REAL ES ETF · JPMORGAN USD EMG · IBOXX HI YD ETF3.11%$204M4.81M
5GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.94%$193M2.01M
6AMZNAMAZON COM INChistory →COM2.27%$149M1.32M
7TSLATESLA INChistory →COM1.44%$95M357.0K
8HDHOME DEPOT INChistory →COM1.31%$86M310.9K
9EXMOCEXXON MOBIL CORPhistory →COM1.21%$79M908.3K
10JNJJOHNSON & JOHNSONhistory →COM1.17%$77M470.4K
11UNHUNITEDHEALTH GROUP INChistory →COM1.08%$71M140.6K
12PLDPROLOGIS INC.history →COM1.08%$71M697.4K
13KOCOCA COLA COhistory →COM1.00%$65M1.17M
14PGPROCTER AND GAMBLE COhistory →COM0.98%$64M509.9K
15METAMETA PLATFORMS INChistory →CL A0.93%$61M450.8K
16BACBK OF AMERICA CORPhistory →COM0.91%$60M1.97M
17BMYBRISTOL-MYERS SQUIBB COhistory →COM0.89%$58M819.3K
18LLYLILLY ELI & COhistory →COM0.82%$54M166.0K
19WFCWELLS FARGO CO NEWhistory →COM0.80%$52M1.30M
20MAMASTERCARD INCORPORATEDhistory →CL A0.79%$52M183.6K
21BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW · CL A0.79%$52M190.1K
22CVXCHEVRON CORP NEWhistory →COM0.78%$51M358.0K
23TMUST-MOBILE US INChistory →COM0.77%$51M376.4K
24NVDANVIDIA CORPORATIONhistory →COM0.74%$49M402.4K
25COSTCOSTCO WHSL CORP NEWhistory →COM0.73%$48M102.1K
26JPMJPMORGAN CHASE & COhistory →COM0.73%$48M458.4K
27AVGOBROADCOM INChistory →COM0.71%$47M105.6K
28TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.71%$47M92.2K
29PFEPFIZER INChistory →COM0.71%$46M1.06M
30ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.67%$44M170.8K
31EQIXEQUINIX INChistory →COM0.66%$43M76.0K
32PSAPUBLIC STORAGEhistory →COM0.64%$42M144.3K
33MRKMERCK & CO INChistory →COM0.63%$41M479.4K
34MCDMCDONALDS CORPhistory →COM0.61%$40M175.0K
35CBCHUBB LIMITEDhistory →COM0.61%$40M219.5K
36INTUINTUIThistory →COM0.60%$40M102.0K
37DHRDANAHER CORPORATIONhistory →COM0.59%$38M149.0K
38CMCSACOMCAST CORP NEWhistory →CL A0.57%$37M1.27M
39HRHEALTHCARE RLTY TRhistory →CL A COM0.53%$35M1.67M
40VVISA INChistory →COM CL A0.53%$35M195.9K
41DISDISNEY WALT COhistory →COM0.53%$35M368.4K
42PMPHILIP MORRIS INTL INChistory →COM0.53%$35M418.2K
43EWEDWARDS LIFESCIENCES CORPhistory →COM0.52%$34M416.0K
44MSMORGAN STANLEYhistory →COM NEW0.52%$34M434.0K
45LINDE PLCSHS0.52%$34M127.0K
46RTXRAYTHEON TECHNOLOGIES CORPhistory →COM0.51%$33M409.0K
47WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.50%$33M164.3K
48NOWSERVICENOW INChistory →COM0.50%$33M87.2K
49LPLALPL FINL HLDGS INChistory →COM0.49%$32M148.0K
50ABBVABBVIE INChistory →COM0.49%$32M239.0K
51HONHONEYWELL INTL INChistory →COM0.48%$32M190.0K
52OREALTY INCOME CORPhistory →COM0.47%$31M530.2K
53EXCEXELON CORPhistory →COM0.47%$31M815.6K
54CDNSCADENCE DESIGN SYSTEM INChistory →COM0.46%$30M183.0K
55PIONEER NAT RES COCOM0.46%$30M138.0K
56QCOMQUALCOMM INChistory →COM0.44%$29M258.0K
57CVSCVS HEALTH CORPhistory →COM0.44%$29M303.4K
58COPCONOCOPHILLIPShistory →COM0.44%$29M282.4K
59ELVELEVANCE HEALTH INChistory →COM0.44%$29M63.0K
60LNGCHENIERE ENERGY INChistory →COM NEW0.43%$29M172.0K
61MPCMARATHON PETE CORPhistory →COM0.43%$28M282.0K
62AXPAMERICAN EXPRESS COhistory →COM0.42%$28M206.0K
63AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.42%$28M197.0K
64CTVACORTEVA INChistory →COM0.41%$27M474.0K
65EQREQUITY RESIDENTIALhistory →SH BEN INT0.41%$27M400.0K
66DEDEERE & COhistory →COM0.40%$26M78.2K
67MDTMEDTRONIC PLChistory →SHS0.39%$26M319.4K
68ORCLORACLE CORPhistory →COM0.39%$25M416.0K
69AMATAPPLIED MATLS INChistory →COM0.39%$25M309.8K
70AMTAMERICAN TOWER CORP NEWhistory →COM0.39%$25M118.0K
71ETNEATON CORP PLChistory →SHS0.38%$25M189.0K
72NXPINXP SEMICONDUCTORS N Vhistory →COM0.38%$25M169.0K
73CEGCONSTELLATION ENERGY CORPhistory →COM0.38%$25M299.0K
74SYYSYSCO CORPhistory →COM0.38%$25M349.0K
75AMDADVANCED MICRO DEVICES INChistory →COM0.37%$24M386.2K
76PANWPALO ALTO NETWORKS INChistory →COM0.37%$24M147.5K
77HALHALLIBURTON COhistory →COM0.37%$24M981.0K
78PWRQUANTA SVCS INChistory →COM0.37%$24M189.0K
79SCHWSCHWAB CHARLES CORPhistory →COM0.36%$24M333.1K
80FORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/00.36%$24M24.97M
81WMWASTE MGMT INC DELhistory →COM0.36%$24M149.0K
82VRTXVERTEX PHARMACEUTICALS INChistory →COM0.36%$23M81.0K
83BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.36%$23M1.95M
84NSCNORFOLK SOUTHN CORPhistory →COM0.35%$23M111.0K
85ABTABBOTT LABShistory →COM0.35%$23M239.0K
86BKNGBOOKING HOLDINGS INChistory →COM0.35%$23M14.0K
87BIIBBIOGEN INChistory →COM0.35%$23M85.0K
88NOCNORTHROP GRUMMAN CORPhistory →COM0.34%$23M48.1K
89MAAMID-AMER APT CMNTYS INChistory →COM0.34%$22M144.5K
90HUMHUMANA INChistory →COM0.33%$22M45.1K
91FRCBFIRST REP BK SAN FRANCISCO Chistory →COM0.33%$22M167.0K
92MUMICRON TECHNOLOGY INChistory →COM0.33%$22M433.6K
93LULULULULEMON ATHLETICA INChistory →COM0.33%$22M77.0K
94TJXTJX COS INC NEWhistory →COM0.33%$21M344.0K
95VICIVICI PPTYS INChistory →COM0.32%$21M714.9K
96NEENEXTERA ENERGY INChistory →COM0.32%$21M265.0K
97DUKE REALTY CORPCOM NEW0.31%$21M427.5K
98STZCONSTELLATION BRANDS INChistory →CL A0.31%$20M89.0K
99ALBALBEMARLE CORPhistory →COM0.31%$20M77.0K
100MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.30%$19M87.0K

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 ↗.