SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Employees Retirement System of Texas

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

Reported Value
$6.7B
Q3 2023
Positions
297
Filings on Record
31
2019–present window
Filed
Nov 16, 2023
original filing

Summary

Employees Retirement System Of Texas reported $6.7B in U.S.-listed holdings across 297 positions for Q3 2023.

Its largest position, VOO, represents 6.3% of the portfolio.

Compared with Q2 2023, the fund opened 40 new positions and exited 64.

Portfolio Metrics

Turnover
+10.0%
vs prior filed quarter
Top-10 Concentration
+34.6%
share of reported value
Largest Position
+6.3%
Vanguard Index Fds
New / Exited
40 / 64
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: 81.3%ETP: 9.2%REIT: 7.5%ADR: 1.6%US DOMESTIC: 0.2%Other: 0.2%
  • Common Stock · 81.3% · $5.5B
  • ETP · 9.2% · $621M
  • REIT · 7.5% · $506M
  • ADR · 1.6% · $106M
  • US DOMESTIC · 0.2% · $13M
  • Other · 0.2% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WMTWALMART INCNEW+404.0K404.0K+$65M$65M
MDLZMONDELEZ INTL INCNEW+674.0K674.0K+$47M$47M
DHRDANAHER CORPORATIONNEW+186.0K186.0K+$46M$46M
AZOAUTOZONE INCNEW+16.0K16.0K+$41M$41M
XLVSELECT SECTOR SPDR TRNEW+306.0K306.0K+$39M$39M
PIONEER NAT RES CONEW+158.0K158.0K+$36M$36M
MCKMCKESSON CORPNEW+80.0K80.0K+$35M$35M
XBISPDR SER TRNEW+376.0K376.0K+$27M$27M

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

Holdings — Q3 2023

291 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VOOVANGUARD INDEX FDSS&P 500 ETF SHS · REAL ESTATE ETF6.34%$427M1.09M
2AAPLAPPLE INChistory →COM5.12%$346M2.02M
3MSFTMICROSOFT CORPhistory →COM4.72%$318M1.01M
4GOOGALPHABET INCCAP STK CL C · CAP STK CL A4.27%$288M2.19M
5AMZNAMAZON COM INChistory →COM3.14%$212M1.67M
6NVDANVIDIA CORPORATIONhistory →COM2.92%$197M452.8K
7METAMETA PLATFORMS INChistory →CL A2.26%$153M508.5K
8MAMASTERCARD INCORPORATEDhistory →CL A2.23%$150M379.6K
9EXMOCEXXON MOBIL CORPhistory →COM1.96%$132M1.12M
10JPMJPMORGAN CHASE & COhistory →COM1.60%$108M743.8K
11LLYELI LILLY & COhistory →COM1.51%$102M189.1K
12TSLATESLA INChistory →COM1.47%$99M397.0K
13PLDPROLOGIS INC.history →COM1.31%$88M788.5K
14AVGOBROADCOM INChistory →COM1.20%$81M97.3K
15PGPROCTER AND GAMBLE COhistory →COM1.10%$74M509.9K
16KOCOCA COLA COhistory →COM1.08%$73M1.31M
17EQIXEQUINIX INChistory →COM1.07%$72M99.0K
18ACNACCENTURE PLC IRELANDhistory →SHS CLASS A1.02%$69M224.9K
19WMTWALMART INChistory →COM0.96%$65M404.0K
20XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · FINANCIAL0.95%$64M1.06M
21COSTCOSTCO WHSL CORP NEWhistory →COM0.94%$63M112.1K
22MRKMERCK & CO INChistory →COM0.93%$63M607.4K
23CRMSALESFORCE INChistory →COM0.92%$62M305.0K
24WFCWELLS FARGO CO NEWhistory →COM0.89%$60M1.47M
25AXPAMERICAN EXPRESS COhistory →COM0.86%$58M388.0K
26NOCNORTHROP GRUMMAN CORPhistory →COM0.84%$57M129.0K
27PSAPUBLIC STORAGEhistory →COM0.84%$57M215.3K
28MUMICRON TECHNOLOGY INChistory →COM0.82%$55M812.1K
29INTUINTUIThistory →COM0.81%$55M106.8K
30PANWPALO ALTO NETWORKS INChistory →COM0.81%$54M231.7K
31TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.80%$54M107.2K
32TJXTJX COS INC NEWhistory →COM0.80%$54M606.0K
33DISDISNEY WALT COhistory →COM0.77%$52M642.8K
34LPLALPL FINL HLDGS INChistory →COM0.77%$52M218.0K
35VICIVICI PPTYS INChistory →COM0.77%$52M1.78M
36ETNEATON CORP PLChistory →SHS0.76%$51M239.0K
37CATCATERPILLAR INChistory →COM0.75%$51M186.2K
38AJGGALLAGHER ARTHUR J & COhistory →COM0.75%$51M223.0K
39SLBSCHLUMBERGER LTDhistory →COM STK0.75%$51M871.0K
40NFLXNETFLIX INChistory →COM0.75%$51M134.4K
41MCDMCDONALDS CORPhistory →COM0.74%$50M189.0K
42MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP0.73%$50M108.5K
43MDTMEDTRONIC PLChistory →SHS0.73%$49M631.6K
44STZCONSTELLATION BRANDS INChistory →CL A0.72%$49M194.0K
45AMPAMERIPRISE FINL INChistory →COM0.71%$48M145.0K
46MDLZMONDELEZ INTL INChistory →CL A0.69%$47M674.0K
47GWWGRAINGER W W INChistory →COM0.69%$46M67.0K
48DHRDANAHER CORPORATIONhistory →COM0.68%$46M186.0K
49MSMORGAN STANLEYhistory →COM NEW0.68%$46M564.0K
50MGMMGM RESORTS INTERNATIONALhistory →COM0.67%$45M1.22M
51AMEAMETEK INChistory →COM0.66%$45M302.0K
52WMWASTE MGMT INC DELhistory →COM0.63%$42M278.0K
53EA SERIES TRUSTSTRIVE EMERGING0.63%$42M1.69M
54DDOGDATADOG INChistory →CL A COM0.62%$42M459.0K
55DEDEERE & COhistory →COM0.62%$42M110.2K
56VRTXVERTEX PHARMACEUTICALS INChistory →COM0.61%$41M118.0K
57AZOAUTOZONE INChistory →COM0.60%$41M16.0K
58VOYAVOYA FINANCIAL INChistory →COM0.60%$40M604.0K
59TDGTRANSDIGM GROUP INChistory →COM0.59%$40M47.0K
60SYKSTRYKER CORPORATIONhistory →COM0.57%$39M141.0K
61HESHESS CORPhistory →COM0.56%$38M247.7K
62BSXBOSTON SCIENTIFIC CORPhistory →COM0.56%$37M710.0K
63CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.54%$37M20.0K
64PIONEER NAT RES COCOM0.54%$36M158.0K
65ODFLOLD DOMINION FREIGHT LINE INhistory →COM0.53%$36M87.0K
66FCXFREEPORT-MCMORAN INChistory →CL B0.52%$35M946.0K
67MCKMCKESSON CORPhistory →COM0.52%$35M80.0K
68ETRENTERGY CORP NEWhistory →COM0.52%$35M376.0K
69NXPINXP SEMICONDUCTORS N Vhistory →COM0.50%$34M169.0K
70HIGHARTFORD FINL SVCS GROUP INChistory →COM0.50%$34M476.0K
71LNGCHENIERE ENERGY INChistory →COM NEW0.49%$33M199.0K
72NINISOURCE INChistory →COM0.48%$32M1.30M
73WECWEC ENERGY GROUP INChistory →COM0.47%$32M393.0K
74AEEAMEREN CORPhistory →COM0.47%$32M422.0K
75MPCMARATHON PETE CORPhistory →COM0.46%$31M203.0K
76BMRNBIOMARIN PHARMACEUTICAL INChistory →COM0.45%$30M344.0K
77NEMNEWMONT CORPhistory →COM0.45%$30M816.4K
78XBISPDR SER TRS&P BIOTECH · PORTFLI HIGH YLD0.42%$29M426.0K
79SYYSYSCO CORPhistory →COM0.40%$27M404.0K
80CTVACORTEVA INChistory →COM0.38%$26M506.0K
81ICLRICON PLChistory →SHS0.38%$26M105.0K
82FNDFLOOR & DECOR HLDGS INChistory →CL A0.36%$24M268.0K
83MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.35%$24M87.0K
84ASOACADEMY SPORTS & OUTDOORS INhistory →COM0.35%$24M499.0K
85FETFORUM ENERGY TECHNOLOGIES INNOTE 9.000% 8/0 · COM0.35%$23M13.48M
86ALBALBEMARLE CORPhistory →COM0.34%$23M135.0K
87BCSFBAIN CAP SPECIALTY FIN INChistory →COM STK0.32%$22M1.43M
88TOSTTOAST INChistory →CL A0.31%$21M1.10M
89NVSTENVISTA HOLDINGS CORPORATIONhistory →COM0.30%$21M737.0K
90EXKEXACT SCIENCES CORPhistory →COM0.30%$20M300.0K
91ITRIITRON INChistory →COM0.27%$18M299.0K
92INSPINSPIRE MED SYS INChistory →COM0.27%$18M91.0K
93BPBP PLChistory →SPONSORED ADR0.26%$17M449.1K
94OREALTY INCOME CORPhistory →COM0.23%$15M305.2K
95WELLWELLTOWER INChistory →COM0.21%$14M175.0K
96SPGSIMON PPTY GROUP INC NEWhistory →COM0.21%$14M131.6K
97CCITIGROUP INChistory →COM NEW0.18%$12M302.5K
98WTWWILLIS TOWERS WATSON PLC LTDhistory →SHS0.18%$12M58.7K
99THRMGENTHERM INChistory →COM0.18%$12M221.3K
100SHELSHELL PLChistory →SPON ADS0.16%$11M170.0K

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 ↗.