SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Employees Retirement System of Texas

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

Reported Value
$7.3B
Q2 2023
Positions
321
Filings on Record
31
2019–present window
Filed
Aug 11, 2023
original filing

Summary

Employees Retirement System Of Texas reported $7.3B in U.S.-listed holdings across 321 positions for Q2 2023.

Its largest position, VOO, represents 6.1% of the portfolio.

Compared with Q1 2023, the fund opened 42 new positions and exited 51.

Portfolio Metrics

Turnover
+12.2%
vs prior filed quarter
Top-10 Concentration
+32.4%
share of reported value
Largest Position
+6.1%
Vanguard Index Fds
New / Exited
42 / 51
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: 81.8%ETP: 8.8%REIT: 7.6%ADR: 1.5%US DOMESTIC: 0.2%Other: 0.2%
  • Common Stock · 81.8% · $6.0B
  • ETP · 8.8% · $641M
  • REIT · 7.6% · $553M
  • ADR · 1.5% · $108M
  • US DOMESTIC · 0.2% · $13M
  • Other · 0.2% · $13M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLPSELECT SECTOR SPDR TRNEW+760.0K760.0K+$56M$56M
VRTXVERTEX PHARMACEUTICALS INCNEW+111.0K111.0K+$39M$39M
DDOGDATADOG INCNEW+357.0K357.0K+$35M$35M
EXKEXACT SCIENCES CORPNEW+300.0K300.0K+$28M$28M
ASOACADEMY SPORTS & OUTDOORS INNEW+499.0K499.0K+$27M$27M
NVSTENVISTA HOLDINGS CORPORATIONNEW+737.0K737.0K+$25M$25M
MDYSPDR S&P MIDCAP 400 ETF TRNEW+44.5K44.5K+$21M$21M
ORCLORACLE CORPNEW+42.2K42.2K+$5M$5M

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

Holdings — Q2 2023

316 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF6.13%$448M1.14M
2AAPLAPPLE INChistory →COM5.47%$400M2.06M
3MSFTMICROSOFT CORPhistory →COM4.37%$319M936.7K
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.62%$264M2.19M
5AMZNAMAZON COM INChistory →COM2.82%$206M1.58M
6NVDANVIDIA CORPORATIONhistory →COM2.80%$205M483.5K
7METAMETA PLATFORMS INChistory →CL A2.21%$162M563.3K
8MAMASTERCARD INCORPORATEDhistory →CL A1.83%$134M340.2K
9EXMOCEXXON MOBIL CORPhistory →COM1.68%$123M1.15M
10JPMJPMORGAN CHASE & COhistory →COM1.48%$108M743.8K
11EA SERIES TRUSTSTRIVE EMERGING1.43%$104M3.95M
12TSLATESLA INChistory →COM1.42%$104M397.0K
13AVGOBROADCOM INChistory →COM1.34%$98M112.6K
14PLDPROLOGIS INC.history →COM1.31%$95M778.5K
15NOWSERVICENOW INChistory →COM1.29%$94M168.0K
16LLYLILLY ELI & COhistory →COM1.23%$90M191.9K
17KOCOCA COLA COhistory →COM1.08%$79M1.31M
18EQIXEQUINIX INChistory →COM1.06%$78M99.0K
19PGPROCTER AND GAMBLE COhistory →COM1.06%$77M509.9K
20PANWPALO ALTO NETWORKS INChistory →COM1.05%$77M300.0K
21MRKMERCK & CO INChistory →COM0.96%$70M607.4K
22MDTMEDTRONIC PLChistory →SHS0.93%$68M769.6K
23CRMSALESFORCE INChistory →COM0.88%$64M305.0K
24ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.88%$64M207.8K
25WFCWELLS FARGO CO NEWhistory →COM0.86%$63M1.47M
26PSAPUBLIC STORAGEhistory →COM0.83%$61M208.3K
27COSTCOSTCO WHSL CORP NEWhistory →COM0.83%$60M112.1K
28AXPAMERICAN EXPRESS COhistory →COM0.82%$60M345.0K
29NOCNORTHROP GRUMMAN CORPhistory →COM0.80%$59M129.0K
30MCDMCDONALDS CORPhistory →COM0.77%$56M189.0K
31XLPSELECT SECTOR SPDR TRhistory →SBI CONS STPLS0.77%$56M760.0K
32VICIVICI PPTYS INChistory →COM0.73%$54M1.70M
33MGMMGM RESORTS INTERNATIONALhistory →COM0.73%$54M1.22M
34UNHUNITEDHEALTH GROUP INChistory →COM0.73%$53M110.6K
35GWWGRAINGER W W INChistory →COM0.72%$53M67.0K
36TMUST-MOBILE US INChistory →COM0.72%$52M377.2K
37BMYBRISTOL-MYERS SQUIBB COhistory →COM0.71%$52M810.9K
38CDNSCADENCE DESIGN SYSTEM INChistory →COM0.71%$52M221.0K
39TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.71%$52M99.2K
40TJXTJX COS INC NEWhistory →COM0.70%$51M606.0K
41TAT&T INChistory →COM0.69%$51M3.17M
42AJGGALLAGHER ARTHUR J & COhistory →COM0.67%$49M223.0K
43AMEAMETEK INChistory →COM0.67%$49M302.0K
44WMWASTE MGMT INC DELhistory →COM0.66%$48M278.0K
45MSMORGAN STANLEYhistory →COM NEW0.66%$48M564.0K
46AMPAMERIPRISE FINL INChistory →COM0.66%$48M145.0K
47ETNEATON CORP PLChistory →SHS0.66%$48M239.0K
48PHPARKER-HANNIFIN CORPhistory →COM0.66%$48M123.0K
49MUMICRON TECHNOLOGY INChistory →COM0.65%$47M746.8K
50INTUINTUIThistory →COM0.64%$47M102.0K
51HDHOME DEPOT INChistory →COM0.63%$46M147.6K
52CATCATERPILLAR INChistory →COM0.63%$46M186.2K
53DEDEERE & COhistory →COM0.61%$45M110.2K
54VOYAVOYA FINANCIAL INChistory →COM0.59%$43M604.0K
55ISRGINTUITIVE SURGICAL INChistory →COM NEW0.59%$43M126.6K
56SYKSTRYKER CORPORATIONhistory →COM0.59%$43M141.0K
57CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.59%$43M20.0K
58TDGTRANSDIGM GROUP INChistory →COM0.58%$42M47.0K
59SLBSCHLUMBERGER LTDhistory →COM STK0.57%$42M847.9K
60BSXBOSTON SCIENTIFIC CORPhistory →COM0.55%$40M747.0K
61FNDFLOOR & DECOR HLDGS INChistory →CL A0.55%$40M384.0K
62STZCONSTELLATION BRANDS INChistory →CL A0.54%$40M161.0K
63LPLALPL FINL HLDGS INChistory →COM0.54%$40M182.0K
64VRTXVERTEX PHARMACEUTICALS INChistory →COM0.53%$39M111.0K
65DISCOVER FINL SVCSCOM0.53%$39M333.0K
66FCXFREEPORT-MCMORAN INChistory →CL B0.52%$38M946.0K
67PWRQUANTA SVCS INChistory →COM0.51%$37M189.0K
68ETRENTERGY CORP NEWhistory →COM0.50%$37M376.0K
69CTVACORTEVA INChistory →COM0.50%$36M634.0K
70NINISOURCE INChistory →COM0.49%$36M1.30M
71DDOGDATADOG INChistory →CL A COM0.48%$35M357.0K
72WECWEC ENERGY GROUP INChistory →COM0.47%$35M393.0K
73NXPINXP SEMICONDUCTORS N Vhistory →COM0.47%$35M169.0K
74AEEAMEREN CORPhistory →COM0.47%$34M422.0K
75HIGHARTFORD FINL SVCS GROUP INChistory →COM0.47%$34M476.0K
76MPCMARATHON PETE CORPhistory →COM0.46%$34M291.0K
77DISDISNEY WALT COhistory →COM0.46%$34M379.8K
78ODFLOLD DOMINION FREIGHT LINE INhistory →COM0.44%$32M87.0K
79SEAGEN INCCOM0.43%$31M162.0K
80HESHESS CORPhistory →COM0.42%$31M227.0K
81BIIBBIOGEN INChistory →COM0.42%$31M108.0K
82LNGCHENIERE ENERGY INChistory →COM NEW0.42%$30M199.0K
83NEMNEWMONT CORPhistory →COM0.41%$30M706.4K
84ALBALBEMARLE CORPhistory →COM0.41%$30M135.0K
85SYYSYSCO CORPhistory →COM0.41%$30M404.0K
86BMRNBIOMARIN PHARMACEUTICAL INChistory →COM0.41%$30M344.0K
87EXKEXACT SCIENCES CORPhistory →COM0.39%$28M300.0K
88ASOACADEMY SPORTS & OUTDOORS INhistory →COM0.37%$27M499.0K
89INSPINSPIRE MED SYS INChistory →COM0.37%$27M83.0K
90NFLXNETFLIX INChistory →COM0.36%$26M60.0K
91BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.36%$26M1.95M
92ICLRICON PLChistory →SHS0.36%$26M105.0K
93MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.35%$26M87.0K
94NVSTENVISTA HOLDINGS CORPORATIONhistory →COM0.34%$25M737.0K
95FETFORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/0 · COM0.33%$24M13.48M
96TTWOTAKE-TWO INTERACTIVE SOFTWARhistory →COM0.30%$22M148.0K
97ITRIITRON INChistory →COM0.30%$22M299.0K
98MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP0.29%$21M44.5K
99ACTIVISION BLIZZARD INCCOM0.29%$21M249.0K
100OREALTY INCOME CORPhistory →COM0.22%$16M266.2K

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 ↗.