Employees Retirement System of Texas reported 499 positions worth $10.27B for the quarter ended Jun 30, 2026, up 13.9% on the prior quarter. It opened 80 new positions, added to 85, trimmed 100 and exited 56. Its largest holding is Nvidia Corp at 6.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| JNJ Johnson & Johnson | +490.9K | – | $124.67M | 1.21% |
| AMAT Applied Materials Inc | +164.1K | – | $118.65M | 1.16% |
| MU Micron Technology Inc | +94.9K | +465.0% | $109.51M | 1.3% |
| UNH Unitedhealth Group Inc | +243.4K | +2,448.5% | $101.16M | 1.03% |
| PM Philip Morris International Inc. | +521.9K | +1,169.4% | $94.41M | 0.998% |
| GOOG Alphabet Inc. | +197.1K | +22.4% | $69.63M | 3.7% |
| WDC Western Digital Corp | +106.1K | +68.2% | $67.79M | 1.63% |
| DAL Delta Air Lines, Inc. | +714.1K | – | $66.89M | 0.651% |
| H Hyatt Hotels Corp | +319.4K | – | $61.91M | 0.603% |
| CAT Caterpillar Inc | +52.7K | +85.7% | $56.08M | 1.18% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| IAU Ishares Gold Trust | -2.63M | -79.9% | $198.59M | 0.488% |
| NFLX Netflix Inc | -1.07M | -97.2% | $76.18M | 0.021% |
| DHR Danaher Corp | -360.1K | -91.1% | $68.59M | 0.065% |
| SPOT Spotify Technology S.A. | -113.8K | -100.0% | $55.20M | Exited |
| NVDA Nvidia Corp | -266.0K | -7.5% | $53.22M | 6.38% |
| WSO Watsco Inc | -101.5K | -94.7% | $42.29M | 0.023% |
| LLY ELI LILLY & Co | -30.4K | -17.6% | $36.46M | 1.66% |
| AJG Arthur J. Gallagher & Co. | -154.8K | -93.7% | $35.54M | 0.023% |
| MSFT Microsoft Corp | -85.3K | -6.2% | $31.83M | 4.69% |
| PH Parker-Hannifin Corp | -31.5K | -24.9% | $30.76M | 0.905% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| JNJ Johnson & Johnson | +490.9K | $124.67M | 1.21% |
| AMAT Applied Materials Inc | +164.1K | $118.65M | 1.16% |
| DAL Delta Air Lines, Inc. | +714.1K | $66.89M | 0.651% |
| H Hyatt Hotels Corp | +319.4K | $61.91M | 0.603% |
| INTC Intel Corp | +316.8K | $44.23M | 0.431% |
| SBUX Starbucks Corp | +250.0K | $25.55M | 0.249% |
| SPCX Space Exploration Technologies Corp | +81.6K | $13.95M | 0.136% |
| SHEL Shell plc | +77.9K | $6.04M | 0.059% |
| XYL Xylem Inc. | +46.9K | $5.55M | 0.054% |
| CAH Cardinal Health Inc | +18.5K | $4.40M | 0.043% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| SPOT Spotify Technology S.A. | -113.8K | $55.20M | 0.612% |
| CVX Chevron Corp | -53.6K | $11.09M | 0.123% |
| WPM Wheaton Precious Metals Corp. | -82.3K | $10.78M | 0.12% |
| RIO Rio Tinto Plc | -78.3K | $7.30M | 0.081% |
| PR Permian Resources Corp | -208.8K | $4.45M | 0.049% |
| GLW Corning Inc | -22.8K | $3.09M | 0.034% |
| SCCO Southern Copper Corp/ | -10.6K | $1.83M | 0.02% |
| EBAY Ebay Inc | -14.6K | $1.33M | 0.015% |
| UI Ubiquiti Inc. | -1,356 | $1.07M | 0.012% |
| KRP Kimbell Royalty Partners, LP | -61.9K | $896.00K | <0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVDA Nvidia Corp | Technology | 3.27M | $654.66M | 6.38% | -266.0K | -7.5% | Reduced | 0.01% |
| 2 | AAPL Apple Inc. | Technology | 2.12M | $612.57M | 5.97% | +72.5K | +3.5% | Added | 0.01% |
| 3 | MSFT Microsoft Corp | Technology | 1.29M | $481.28M | 4.69% | -85.3K | -6.2% | Reduced | 0.02% |
| 4 | AMZN Amazon Com Inc | Consumer Discretionary | 1.85M | $440.29M | 4.29% | -4,992 | -0.3% | Reduced | 0.02% |
| 5 | GOOG Alphabet Inc. | Technology | 1.08M | $380.27M | 3.7% | +197.1K | +22.4% | Added | 0.01% |
| 6 | AVGO Broadcom Inc. | Technology | 790.1K | $298.44M | 2.91% | -56.8K | -6.7% | Reduced | 0.02% |
| 7 | AMD Advanced Micro Devices Inc | Technology | 365.1K | $212.08M | 2.07% | -6,100 | -1.6% | Reduced | 0.02% |
| 8 | PANW Palo Alto Networks Inc | Technology | 617.7K | $210.66M | 2.05% | -10.4K | -1.7% | Reduced | 0.08% |
| 9 | META Meta Platforms, Inc. | Technology | 352.1K | $198.33M | 1.93% | +33.7K | +10.6% | Added | 0.01% |
| 10 | GOOGL Alphabet Inc. | Technology | 498.3K | $178.07M | 1.73% | +11.9K | +2.4% | Added | 0.01% |
| 11 | LLY ELI LILLY & Co | Healthcare | 142.5K | $170.92M | 1.66% | -30.4K | -17.6% | Reduced | 0.02% |
| 12 | WDC Western Digital Corp | Technology | 261.7K | $167.15M | 1.63% | +106.1K | +68.2% | Added | 0.08% |
| 13 | JPM Jpmorgan Chase & Co | Financial Services | 504.9K | $165.27M | 1.61% | -8,500 | -1.7% | Reduced | 0.02% |
| 14 | MA Mastercard Inc | Financial Services | 310.6K | $159.53M | 1.55% | +50.1K | +19.2% | Added | 0.04% |
| 15 | XOM ExxonMobil Holdings Corp | Energy | 1.15M | $157.82M | 1.54% | -19.3K | -1.6% | Reduced | 0.03% |
Tip. Select a row to see that position’s full history at Employees Retirement System of Texas.
As of its Q2 2026 13F filing, Employees Retirement System of Texas’s five largest positions were Nvidia Corp (NVDA) at 6.4%, Apple Inc. (AAPL) at 6.0%, Microsoft Corp (MSFT) at 4.7%, Amazon Com Inc (AMZN) at 4.3%, Alphabet Inc. (GOOG) at 3.7% of the reported portfolio.
Employees Retirement System of Texas reported a 13F portfolio worth $10.27B across 499 positions for Q2 2026. That is up 13.9% from the previous quarter.
Its largest purchases by value were Johnson & Johnson ($124.67M), Applied Materials Inc ($118.65M), Micron Technology Inc ($109.51M). It opened 80 new positions.
Its largest sales by value were Ishares Gold Trust ($198.59M), Netflix Inc ($76.18M), Danaher Corp ($68.59M). It exited 56 positions entirely.
From the Form 13F-HR reports Employees Retirement System of Texas files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.