SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.9B
Q1 2023
Positions
330
Filings on Record
30
2019–present window
Filed
Apr 26, 2023
original filing

Summary

Employees Retirement System Of Texas reported $6.9B in U.S.-listed holdings across 330 positions for Q1 2023.

Its largest position, VOO, represents 7.1% of the portfolio.

Compared with Q4 2022, the fund opened 49 new positions and exited 52.

Portfolio Metrics

Turnover
+21.3%
vs prior filed quarter
Top-10 Concentration
+31.0%
share of reported value
Largest Position
+7.1%
Vanguard Index Fds
New / Exited
49 / 52
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: 79.8%REIT: 9.2%ETP: 8.8%ADR: 1.8%Other: 0.2%Other: 0.2%
  • Common Stock · 79.8% · $5.5B
  • REIT · 9.2% · $633M
  • ETP · 8.8% · $605M
  • ADR · 1.8% · $121M
  • Other · 0.2% · $13M
  • Other · 0.2% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
EA SERIES TRUSTNEW+3.95M3.95M+$98M$98M
VOYAVOYA FINANCIAL INCNEW+604.0K604.0K+$43M$43M
BSXBOSTON SCIENTIFIC CORPNEW+715.0K715.0K+$36M$36M
FNDFLOOR & DECOR HLDGS INCNEW+295.0K295.0K+$29M$29M
INSPINSPIRE MED SYS INCNEW+99.0K99.0K+$23M$23M
FETFORUM ENERGY TECHNOLOGIES INNEW+441.8K441.8K+$11M$11M
VEAVANGUARD TAX-MANAGED FDSNEW+200.0K200.0K+$9M$9M
NRGNRG ENERGY INCNEW+180.6K180.6K+$6M$6M

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

Holdings — Q1 2023

325 positions (from 330 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF7.10%$487M1.32M
2AAPLAPPLE INChistory →COM5.21%$357M2.17M
3MSFTMICROSOFT CORPhistory →COM4.00%$275M952.2K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.28%$225M2.17M
5AMZNAMAZON COM INChistory →COM2.29%$157M1.52M
6NVDANVIDIA CORPORATIONhistory →COM2.28%$156M562.6K
7EXMOCEXXON MOBIL CORPhistory →COM1.89%$130M1.18M
8METAMETA PLATFORMS INChistory →CL A1.75%$120M567.9K
9MAMASTERCARD INCORPORATEDhistory →CL A1.74%$119M327.6K
10JPMJPMORGAN CHASE & COhistory →COM1.48%$102M780.2K
11PLDPROLOGIS INC.history →COM1.46%$100M804.5K
12EA SERIES TRUSTSTRIVE EMERGING1.43%$98M3.95M
13KOCOCA COLA COhistory →COM1.31%$90M1.45M
14JNJJOHNSON & JOHNSONhistory →COM1.17%$80M517.9K
15NOWSERVICENOW INChistory →COM1.14%$78M168.0K
16PGPROCTER AND GAMBLE COhistory →COM1.11%$76M509.9K
17TSLATESLA INChistory →COM1.08%$74M357.0K
18UNHUNITEDHEALTH GROUP INChistory →COM1.00%$69M145.6K
19AVGOBROADCOM INChistory →COM0.99%$68M105.6K
20HDHOME DEPOT INChistory →COM0.98%$67M227.5K
21TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.98%$67M116.2K
22LLYLILLY ELI & COhistory →COM0.97%$67M194.1K
23MDTMEDTRONIC PLChistory →SHS0.94%$65M801.7K
24CRMSALESFORCE INChistory →COM0.89%$61M305.0K
25PANWPALO ALTO NETWORKS INChistory →COM0.87%$60M300.0K
26NOCNORTHROP GRUMMAN CORPhistory →COM0.87%$60M129.0K
27ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.87%$59M207.8K
28MRKMERCK & CO INChistory →COM0.85%$58M549.4K
29WFCWELLS FARGO CO NEWhistory →COM0.84%$58M1.54M
30CDNSCADENCE DESIGN SYSTEM INChistory →COM0.83%$57M272.0K
31AXPAMERICAN EXPRESS COhistory →COM0.83%$57M345.0K
32TMUST-MOBILE US INChistory →COM0.82%$56M390.1K
33DHRDANAHER CORPORATIONhistory →COM0.78%$53M211.0K
34EQIXEQUINIX INChistory →COM0.77%$53M73.0K
35COSTCOSTCO WHSL CORP NEWhistory →COM0.74%$51M102.1K
36MSMORGAN STANLEYhistory →COM NEW0.72%$50M564.0K
37BMYBRISTOL-MYERS SQUIBB COhistory →COM0.72%$49M710.3K
38MCDMCDONALDS CORPhistory →COM0.71%$49M175.0K
39MPCMARATHON PETE CORPhistory →COM0.69%$47M351.0K
40INTUINTUIThistory →COM0.66%$45M102.0K
41WMWASTE MGMT INC DELhistory →COM0.66%$45M278.0K
42AMPAMERIPRISE FINL INChistory →COM0.65%$44M145.0K
43VOYAVOYA FINANCIAL INChistory →COM0.63%$43M604.0K
44AJGGALLAGHER ARTHUR J & COhistory →COM0.62%$43M223.0K
45SYKSTRYKER CORPORATIONhistory →COM0.62%$42M148.7K
46TGTTARGET CORPhistory →COM0.62%$42M256.0K
47PSAPUBLIC STORAGEhistory →COM0.61%$42M138.3K
48MUMICRON TECHNOLOGY INChistory →COM0.59%$40M667.1K
49TJXTJX COS INC NEWhistory →COM0.57%$39M501.0K
50DISDISNEY WALT COhistory →COM0.57%$39M387.6K
51MGMMGM RESORTS INTERNATIONALhistory →COM0.56%$38M866.0K
52TAT&T INChistory →COM0.56%$38M1.98M
53LPLALPL FINL HLDGS INChistory →COM0.54%$37M182.0K
54NINISOURCE INChistory →COM0.53%$36M1.30M
55HONHONEYWELL INTL INChistory →COM0.53%$36M190.0K
56BSXBOSTON SCIENTIFIC CORPhistory →COM0.52%$36M715.0K
57AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.50%$35M275.0K
58EXCEXELON CORPhistory →COM0.49%$34M806.2K
59HIGHARTFORD FINL SVCS GROUP INChistory →COM0.48%$33M476.0K
60DISCOVER FINL SVCSCOM0.48%$33M333.0K
61SEAGEN INCCOM0.48%$33M162.0K
62ETNEATON CORP PLChistory →SHS0.47%$32M189.0K
63DEDEERE & COhistory →COM0.47%$32M78.2K
64DGDOLLAR GEN CORP NEWhistory →COM0.47%$32M153.0K
65CATCATERPILLAR INChistory →COM0.46%$32M138.2K
66NXPINXP SEMICONDUCTORS N Vhistory →COM0.46%$32M169.0K
67PWRQUANTA SVCS INChistory →COM0.46%$31M189.0K
68GDGENERAL DYNAMICS CORPhistory →COM0.46%$31M138.0K
69OREALTY INCOME CORPhistory →COM0.45%$31M488.2K
70CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.45%$31M18.0K
71AMEAMETEK INChistory →COM0.44%$30M209.0K
72BKNGBOOKING HOLDINGS INChistory →COM0.43%$29M11.0K
73FNDFLOOR & DECOR HLDGS INChistory →CL A0.42%$29M295.0K
74CTVACORTEVA INChistory →COM0.42%$29M474.0K
75FCXFREEPORT-MCMORAN INChistory →CL B0.40%$28M675.0K
76LNGCHENIERE ENERGY INChistory →COM NEW0.40%$27M172.0K
77SYYSYSCO CORPhistory →COM0.39%$27M349.0K
78TDGTRANSDIGM GROUP INChistory →COM0.39%$27M36.0K
79VICIVICI PPTYS INChistory →COM0.38%$26M789.9K
80MAAMID-AMER APT CMNTYS INChistory →COM0.38%$26M170.5K
81ICLRICON PLChistory →SHS0.37%$25M119.0K
82BMRNBIOMARIN PHARMACEUTICAL INChistory →COM0.37%$25M261.0K
83MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.36%$25M87.0K
84AMTAMERICAN TOWER CORP NEWhistory →COM0.35%$24M118.0K
85GWWGRAINGER W W INChistory →COM0.35%$24M35.0K
86FETFORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/0 · COM0.35%$24M13.48M
87PHPARKER-HANNIFIN CORPhistory →COM0.34%$24M70.0K
88BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.34%$23M1.95M
89INSPINSPIRE MED SYS INChistory →COM0.34%$23M99.0K
90HALHALLIBURTON COhistory →COM0.33%$23M725.0K
91NEMNEWMONT CORPhistory →COM0.33%$23M465.6K
92HESHESS CORPhistory →COM0.33%$22M170.0K
93ODFLOLD DOMINION FREIGHT LINE INhistory →COM0.31%$21M63.0K
94ACTIVISION BLIZZARD INCCOM0.31%$21M249.0K
95NFLXNETFLIX INChistory →COM0.30%$21M60.0K
96NEENEXTERA ENERGY INChistory →COM0.30%$20M265.0K
97BIIBBIOGEN INChistory →COM0.30%$20M73.0K
98AEPAMERICAN ELEC PWR CO INChistory →COM0.30%$20M223.0K
99STZCONSTELLATION BRANDS INChistory →CL A0.29%$20M89.0K
100ISRGINTUITIVE SURGICAL INChistory →COM NEW0.29%$20M76.6K

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 ↗

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 ↗.