SEC 13F Intelligence

Managers / Q4 2024 · view latest →

Employees Retirement System of Texas

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

Reported Value
$11.7B
Q4 2024
Positions
311
Filings on Record
31
2019–present window
Filed
Feb 28, 2025
amendment (RESTATEMENT)

Summary

Employees Retirement System Of Texas reported $11.7B in U.S.-listed holdings across 311 positions for Q4 2024.

Its largest position, VGIT, represents 10.6% of the portfolio.

Compared with Q3 2024, the fund opened 32 new positions and exited 55.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+40.3%
share of reported value
Largest Position
+10.6%
Vanguard Scottsdale Fds
New / Exited
32 / 55
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: 71.8%ETP: 21.1%REIT: 5.9%ADR: 1.1%US DOMESTIC: 0.1%Other: 0.1%
  • Common Stock · 71.8% · $8.4B
  • ETP · 21.1% · $2.5B
  • REIT · 5.9% · $689M
  • ADR · 1.1% · $129M
  • US DOMESTIC · 0.1% · $7M
  • Other · 0.1% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BKNGBOOKING HOLDINGS INCNEW+13.6K13.6K+$68M$68M
DHRDANAHER CORPORATIONNEW+240.3K240.3K+$55M$55M
BOEING CONEW+100.0K100.0K+$6M$6M
CONMED CORPNEW+6.00M6.00M+$6M$6M
AXONAXON ENTERPRISE INCNEW+6.7K6.7K+$4M$4M
AHRAMERICAN HEALTHCARE REIT INCNEW+135.0K135.0K+$4M$4M
CECELANESE CORP DELNEW+54.0K54.0K+$4M$4M
HRHEALTHCARE RLTY TRNEW+200.0K200.0K+$3M$3M

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

Holdings — Q4 2024

309 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VGITVANGUARD SCOTTSDALE FDShistory →INTER TERM TREAS10.64%$1.2B21.48M
2NVDANVIDIA CORPORATIONhistory →COM4.58%$537M4.00M
3AAPLAPPLE INChistory →COM4.23%$495M1.98M
4DBX ETF TRXTRACK USD HIGH3.92%$459M12.73M
5MSFTMICROSOFT CORPhistory →COM3.49%$409M969.4K
6AMZNAMAZON COM INChistory →COM3.31%$388M1.77M
7GOOGALPHABET INCCAP STK CL C · CAP STK CL A3.12%$365M1.92M
8RSPINVESCO EXCHANGE TRADED FD Thistory →S&P500 EQL WGT3.08%$360M2.06M
9METAMETA PLATFORMS INChistory →CL A2.11%$247M421.5K
10AVGOBROADCOM INChistory →COM1.87%$219M945.9K
11JPMJPMORGAN CHASE & CO.history →COM1.57%$184M765.8K
12VEAVANGUARD TAX-MANAGED FDShistory →VAN FTSE DEV MKT1.51%$177M3.71M
13TSLATESLA INChistory →COM1.47%$172M427.0K
14MAMASTERCARD INCORPORATEDhistory →CL A1.45%$169M321.6K
15LLYELI LILLY & COhistory →COM1.35%$158M205.2K
16WMTWALMART INChistory →COM1.10%$129M1.42M
17NOWSERVICENOW INChistory →COM1.04%$122M115.2K
18UNHUNITEDHEALTH GROUP INChistory →COM1.03%$121M238.5K
19NFLXNETFLIX INChistory →COM0.98%$115M128.8K
20EXMOCEXXON MOBIL CORPhistory →COM0.92%$108M1.00M
21CRMSALESFORCE INChistory →COM0.92%$108M322.0K
22COSTCOSTCO WHSL CORP NEWhistory →COM0.88%$103M112.1K
23PLDPROLOGIS INC.history →COM0.87%$101M960.1K
24PHPARKER-HANNIFIN CORPhistory →COM0.78%$91M143.2K
25PGPROCTER AND GAMBLE COhistory →COM0.77%$91M540.9K
26ETRENTERGY CORP NEWhistory →COM0.77%$90M1.19M
27DDOGDATADOG INChistory →CL A COM0.75%$88M616.0K
28ACNACCENTURE PLC IRELANDhistory →SHS CLASS A0.75%$87M248.4K
29HONHONEYWELL INTL INChistory →COM0.73%$86M378.6K
30WFCWELLS FARGO CO NEWhistory →COM0.73%$85M1.22M
31TMUST-MOBILE US INChistory →COM0.71%$83M375.9K
32MDYSPDR S&P MIDCAP 400 ETF TRhistory →UTSER1 S&PDCRP0.69%$81M141.5K
33XBISPDR SER TRhistory →S&P BIOTECH0.67%$79M877.3K
34PANWPALO ALTO NETWORKS INChistory →COM0.66%$77M423.7K
35KOCOCA COLA COhistory →COM0.66%$77M1.23M
36TDGTRANSDIGM GROUP INChistory →COM0.65%$77M60.5K
37NINISOURCE INChistory →COM0.65%$76M2.07M
38DISDISNEY WALT COhistory →COM0.65%$76M679.1K
39LPLALPL FINL HLDGS INChistory →COM0.65%$76M231.5K
40LNGCHENIERE ENERGY INChistory →COM NEW0.64%$74M346.7K
41MRKMERCK & CO INChistory →COM0.63%$74M745.3K
42TJXTJX COS INC NEWhistory →COM0.62%$73M606.0K
43EQIXEQUINIX INChistory →COM0.62%$73M77.4K
44ETNEATON CORP PLChistory →SHS0.61%$71M213.7K
45AZOAUTOZONE INChistory →COM0.60%$70M22.0K
46INTUINTUIThistory →COM0.59%$69M110.0K
47VBVANGUARD INDEX FDSSMALL CP ETF · REAL ESTATE ETF0.58%$68M379.8K
48ICEINTERCONTINENTAL EXCHANGE INhistory →COM0.58%$68M456.1K
49BKNGBOOKING HOLDINGS INChistory →COM0.58%$68M13.6K
50TMOTHERMO FISHER SCIENTIFIC INChistory →COM0.58%$67M129.7K
51AXPAMERICAN EXPRESS COhistory →COM0.57%$67M224.3K
52MSMORGAN STANLEYhistory →COM NEW0.56%$66M522.0K
53AJGGALLAGHER ARTHUR J & COhistory →COM0.54%$63M223.0K
54CRWDCROWDSTRIKE HLDGS INChistory →CL A0.54%$63M183.8K
55HIGHARTFORD FINL SVCS GROUP INChistory →COM0.53%$62M569.0K
56SLBSCHLUMBERGER LTDhistory →COM STK0.52%$61M1.59M
57MDLZMONDELEZ INTL INChistory →CL A0.52%$61M1.02M
58FITBFIFTH THIRD BANCORPhistory →COM0.52%$61M1.43M
59CMGCHIPOTLE MEXICAN GRILL INChistory →COM0.51%$60M1.00M
60GLOBGLOBANT S Ahistory →COM0.51%$59M277.1K
61AMPAMERIPRISE FINL INChistory →COM0.49%$58M108.4K
62RCLROYAL CARIBBEAN GROUPhistory →COM0.49%$58M250.0K
63SYKSTRYKER CORPORATIONhistory →COM0.49%$58M160.0K
64LOWLOWES COS INChistory →COM0.49%$57M231.0K
65CDNSCADENCE DESIGN SYSTEM INChistory →COM0.48%$57M189.0K
66FCXFREEPORT-MCMORAN INChistory →CL B0.48%$57M1.49M
67NXPINXP SEMICONDUCTORS N Vhistory →COM0.47%$55M265.6K
68DHRDANAHER CORPORATIONhistory →COM0.47%$55M240.3K
69ALLYALLY FINL INChistory →COM0.46%$54M1.49M
70BSXBOSTON SCIENTIFIC CORPhistory →COM0.45%$53M596.3K
71CLCOLGATE PALMOLIVE COhistory →COM0.45%$53M578.5K
72VRTVERTIV HOLDINGS COhistory →COM CL A0.44%$52M458.1K
73MELIMERCADOLIBRE INChistory →COM0.44%$51M30.2K
74ZTSZOETIS INChistory →CL A0.44%$51M314.0K
75BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW0.42%$49M108.4K
76VRTXVERTEX PHARMACEUTICALS INChistory →COM0.42%$49M121.6K
77MSIMOTOROLA SOLUTIONS INChistory →COM NEW0.41%$49M105.0K
78WMWASTE MGMT INC DELhistory →COM0.41%$48M239.1K
79SBACSBA COMMUNICATIONS CORP NEWhistory →CL A0.41%$48M235.3K
80NEMNEWMONT CORPhistory →COM0.41%$47M1.28M
81ICLRICON PLChistory →SHS0.40%$47M225.8K
82STZCONSTELLATION BRANDS INChistory →CL A0.40%$47M213.3K
83MCKMCKESSON CORPhistory →COM0.40%$47M82.2K
84MUMICRON TECHNOLOGY INChistory →COM0.39%$45M540.6K
85FMXFOMENTO ECONOMICO MEXICANO Shistory →SPON ADR UNITS0.36%$42M486.6K
86WELLWELLTOWER INChistory →COM0.34%$40M320.0K
87ODFLOLD DOMINION FREIGHT LINE INhistory →COM0.33%$38M217.5K
88WECWEC ENERGY GROUP INChistory →COM0.32%$37M393.0K
89MNSTMONSTER BEVERAGE CORP NEWhistory →COM0.31%$37M697.7K
90TOLTOLL BROTHERS INChistory →COM0.27%$31M249.9K
91DLRDIGITAL RLTY TR INChistory →COM0.26%$31M175.0K
92TAT&T INChistory →COM0.25%$30M1.30M
93SPGSIMON PPTY GROUP INC NEWhistory →COM0.23%$26M153.6K
94OREALTY INCOME CORPhistory →COM0.22%$26M488.2K
95PSAPUBLIC STORAGE OPER COhistory →COM0.19%$22M74.6K
96APPAPPLOVIN CORPhistory →COM CL A0.19%$22M68.8K
97PMPHILIP MORRIS INTL INChistory →COM0.18%$21M171.0K
98EQREQUITY RESIDENTIALhistory →SH BEN INT0.16%$19M258.0K
99AVBAVALONBAY CMNTYS INChistory →COM0.16%$18M84.0K
100EXREXTRA SPACE STORAGE INChistory →COM0.15%$18M118.7K

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 ↗.