Institutional Manager · CIK 0001398739
Employees Retirement System of Texas
AUSTIN, TX · File #028-12470
Latest AUM
$12.3M
Positions
496
Top-10 Concentration
55.8%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | VANGUARD TAX-MANAGED FDS | 921943858 | -4,889,500 | -$305,448 | +$17,055 |
| NEW | VANGUARD INDEX FDS | 922908363 | +403,400 | +$252,984 | $0 |
| REDUCE | VANGUARD SCOTTSDALE FDS | 92206C706 | -1,664,000 | -$99,724 | -$2,387 |
| NEW | ADVANCED MICRO DEVICES INC | AMD | +391,075 | +$83,753 | $0 |
| EXITED | MONDAY COM LTD | M7S64H106 | -381,850 | -$73,961 | $0 |
| EXITED | KKR & CO INC | 48251W104 | -540,300 | -$70,212 | $0 |
| ADD | MICROSOFT CORP | MSFT | +144,040 | +$69,661 | -$44,065 |
| REDUCE | COLGATE PALMOLIVE CO | CL | -870,287 | -$68,784 | -$813 |
| ADD | SERVICENOW INC | NOW | +410,188 | +$62,837 | -$73,310 |
| REDUCE | BOEING CO | BA-PA | -283,400 | -$61,531 | +$609 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025496 pos · $12.3M
- 13F HOLDINGS REPORTQ/E Sep 2025507 pos · $12.5M
- 13F HOLDINGS REPORTQ/E Jun 2025523 pos · $12.3M
- 13F HOLDINGS REPORTQ/E Mar 2025264 pos · $11.0M
- 13F HOLDINGS REPORT (Amended)Q/E Dec 2024311 pos · $11.7M
- 13F HOLDINGS REPORTQ/E Dec 2024311 pos · $444.8M
- 13F HOLDINGS REPORTQ/E Sep 2024334 pos · $11.6M
- 13F HOLDINGS REPORTQ/E Jun 2024315 pos · $10.7M
- 13F HOLDINGS REPORTQ/E Mar 2024328 pos · $9.2M
- 13F HOLDINGS REPORTQ/E Dec 2023297 pos · $6.7M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD SCOTTSDALE FDS | 92206C706 | 22,211,000 | $1.3M | 13.88% |
| 2 | MICROSOFT CORP | MSFT | 1,427,610 | $690,421 | 7.20% |
| 3 | NVIDIA CORPORATION | NVDA | 3,662,968 | $683,144 | 7.12% |
| 4 | APPLE INC | AAPL | 2,268,191 | $616,630 | 6.43% |
| 5 | AMAZON COM INC | AMZN | 1,935,809 | $446,823 | 4.66% |
| 6 | DBX ETF TR | 233051432 | 11,372,000 | $418,831 | 4.37% |
| 7 | ALPHABET INC | GOOG | 1,161,911 | $364,608 | 3.80% |
| 8 | BROADCOM INC | AVGO | 844,380 | $292,240 | 3.05% |
| 9 | META PLATFORMS INC | META | 389,372 | $257,021 | 2.68% |
| 10 | VANGUARD INDEX FDS | 922908363 | 403,400 | $252,984 | 2.64% |
| 11 | MASTERCARD INCORPORATED | MA | 382,078 | $218,121 | 2.27% |
| 12 | ELI LILLY & CO | LLY | 182,100 | $195,699 | 2.04% |
| 13 | TESLA INC | TSLA | 399,856 | $179,823 | 1.88% |
| 14 | JPMORGAN CHASE & CO. | VYLD | 541,000 | $174,321 | 1.82% |
| 15 | ALPHABET INC | GOOG | 499,980 | $156,494 | 1.63% |
| 16 | EXXON MOBIL CORP | XOM | 1,245,746 | $149,913 | 1.56% |
| 17 | NEWMONT CORP | NEMCL | 1,380,471 | $137,840 | 1.44% |
| 18 | BANK AMERICA CORP | 060505104 | 2,469,085 | $135,800 | 1.42% |
| 19 | WALMART INC | WMT | 1,123,700 | $125,191 | 1.31% |
| 20 | PALO ALTO NETWORKS INC | PANW | 661,826 | $121,908 | 1.27% |