Q2 2026 13F · SEC CIK 1398739

Employees Retirement System of Texas

Pension fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $10.8B
Reported positions: 507
Top holdings a year, 3 yrs: +25.4%
Average holding period: 7.7 yrs

Employees Retirement System of Texas is a pension fund that reported 507 positions worth $10.8B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 6.1%), Apple Inc (AAPL, 5.7%), Microsoft Corp (MSFT, 4.5%). A portfolio copying its top holdings returned 25.4% a year over the last 3 years, against 20.4% for the S&P 500.

Employees Retirement System of Texas holdings largest 50 of 507 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Employees Retirement System of Texas 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	6.1%	6.4%	3,271,822	-7.5%	$654.7M
AAPLApple Inc	5.7%	5.4%	2,116,984	+3.5%	$612.6M
MSFTMicrosoft Corp	4.5%	5.3%	1,290,234	-6.2%	$481.3M
AMZNAmazon Com Inc	4.1%	4.0%	1,847,315	-0.3%	$440.3M
GOOGAlphabet Inc	3.5%	2.6%	1,076,258	+22.4%	$380.3M
AVGOBroadcom Inc	2.8%	2.7%	790,055	-6.7%	$298.4M
AMDAdvanced Micro Devices Inc	2.0%	0.8%	365,075	-1.6%	$212.1M
PANWPalo Alto Networks Inc	2.0%	1.1%	617,726	-1.7%	$210.7M
METAMeta Platforms Inc	1.8%	1.9%	352,086	+10.6%	$198.3M
GOOGLAlphabet Inc	1.7%	1.5%	498,268	+2.4%	$178.1M
VGKVanguard Ftse Europe ETF	1.6%	1.7%	1,997,090	+0.0%	$176.8M
LLYEli Lilly & Co	1.6%	1.7%	142,500	-17.6%	$170.9M
WDCWestern Digital Corp Com	1.6%	—	261,689	—	$167.1M
JPMJpmorgan Chase & Co	1.5%	1.6%	504,900	-1.7%	$165.3M
MAMastercard Incorporated	1.5%	1.4%	310,608	+19.2%	$159.5M
XOMExxon Mobil Corp	1.5%	2.1%	1,154,357	-1.6%	$157.8M
VVisa Inc	1.4%	1.4%	440,354	-0.3%	$151.1M
TSLATesla Inc	1.3%	1.4%	343,313	-2.4%	$144.4M
BACBank of Amer Corp	1.3%	1.2%	2,445,089	+6.2%	$139.3M
MUMicron Technology Inc	1.2%	—	115,273	—	$133.1M
VEAVanguard Ftse Developed Markets Index Fu	1.2%	1.2%	1,798,331	+0.0%	$128.1M
JNJJohnson & Johnson	1.2%	—	490,900	—	$124.7M
FCXFreeport Mcmoran Inc	1.1%	1.1%	1,935,702	+4.6%	$121.7M
CATCaterpillar Inc	1.1%	—	114,114	—	$121.5M
AMATApplied Matls Inc	1.1%	—	164,101	—	$118.6M
ABBVAbbvie Inc	1.0%	1.0%	448,200	-1.7%	$112.8M
XBISpdr Series Trust	1.0%	0.9%	676,872	-1.7%	$107.1M
MSMorgan Stanley	1.0%	0.8%	508,300	+11.0%	$106.3M
ANETArista Networks Inc	1.0%	0.8%	624,891	-1.6%	$106.2M
UNHUnitedhealth Group Inc	1.0%	—	253,319	—	$105.3M
HDHome Depot Inc	1.0%	1.2%	296,775	-17.0%	$104.7M
WMTWalmart Inc	1.0%	1.4%	912,700	-14.4%	$103.4M
PMPhilip Morris Intl Inc	1.0%	—	566,479	—	$102.5M
CDNSCadence Design System Inc	0.9%	0.9%	261,857	-16.8%	$98.3M
SCHWCharles Schwab Corp (the)	0.9%	1.1%	1,059,367	-1.6%	$97.7M
NEMNewmont Corp	0.9%	1.3%	1,028,934	-7.8%	$96.1M
COSTCostco Wholesale Corporation	0.9%	1.2%	100,933	-13.6%	$94.4M
PHParker-Hannifin Corp	0.9%	1.2%	94,986	-24.9%	$92.9M
AMEAmetek Inc	0.9%	0.8%	379,304	+11.4%	$91.8M
FASTFastenal Co	0.8%	0.8%	1,880,754	+16.1%	$90.3M
FITBFifth Third Bancorp	0.8%	0.8%	1,600,100	-1.7%	$90.2M
KOCoca Cola Co	0.8%	1.0%	1,081,300	-16.8%	$87.9M
ALLYAlly Finl Inc	0.8%	0.8%	1,824,746	-1.7%	$83.8M
TMOThermo Fisher Scientific Inc	0.8%	0.8%	161,033	-1.6%	$80.7M
ISRGIntuitive Surgical Inc	0.7%	0.8%	202,332	+15.5%	$80.5M
NXPINxp Semiconductors N V	0.7%	—	283,762	—	$79.7M
ETREntergy Corp New	0.7%	0.8%	659,975	-1.7%	$75.8M
ETNEaton Corp PLC	0.7%	—	172,333	—	$73.4M
TJXTjx Cos Inc New	0.7%	0.8%	481,988	-2.6%	$73.0M
EQIXEquinix Inc	0.7%	0.8%	70,050	-6.0%	$73.0M

What Employees Retirement System of Texas bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +17.7% /yr; S&P 500 +20.1%
3 years: +25.4% /yr; S&P 500 +20.4%
5 years: +14.5% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$10.8B	507
Q1 2026	$9.6B	489
Q4 2025	$10.5B	492
Q3 2025	$10.6B	503
Q2 2025	$10.4B	519
Q1 2025	$9.1B	259
Q4 2024	$10.0B	305
Q3 2024	$9.8B	329
Q2 2024	$9.1B	310
Q1 2024	$9.1B	322
Q4 2023	$8.5B	334
Q3 2023	$6.7B	291

Questions about Employees Retirement System of Texas's portfolio

What stocks does Employees Retirement System of Texas own?

Employees Retirement System of Texas's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 507 positions worth $10.8B. The largest are Nvidia Corporation (NVDA) at 6.1%, Apple Inc (AAPL) at 5.7%, Microsoft Corp (MSFT) at 4.5%, Amazon Com Inc (AMZN) at 4.1% and Alphabet Inc (GOOG) at 3.5%.

What did Employees Retirement System of Texas buy last quarter?

In Q2 2026, Employees Retirement System of Texas added Alphabet Inc (GOOG) (+22.4% shares), Mastercard Incorporated (MA) (+19.2% shares) and Fastenal Co (FAST) (+16.1% shares), compared with its Q1 2026 filing.

What did Employees Retirement System of Texas sell last quarter?

In Q2 2026, Employees Retirement System of Texas cut from its top 50 Ishares Gold Tr (IAU), cut from its top 50 Netflix Inc. (NFLX), cut from its top 50 Motorola Solutions Inc (MSI), cut from its top 50 Danaher Corp Del (DHR), cut from its top 50 T-Mobile US Inc (TMUS), Parker-Hannifin Corp (PH) (-24.9% shares), Eli Lilly & Co (LLY) (-17.6% shares) and Home Depot Inc (HD) (-17.0% shares), compared with its Q1 2026 filing.

How has Employees Retirement System of Texas's portfolio performed?

A portfolio copying Employees Retirement System of Texas's 20 largest 13F holdings each quarter, from the day each filing was public, returned +25.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +17.7% against +20.1%. Over 5 years: +14.5% a year against +11.6%.

When is Employees Retirement System of Texas's next 13F filing due?

13F filings are due 45 days after each quarter ends. Employees Retirement System of Texas's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.