Employees Retirement System of Texas

Q4 2025 13F-HR Holdings

Location
Austin, TX
Holdings as of
12/31/2025
Date filed
2/9/2026
Form type
13F-HR
Num holdings
496
Total value ($000)
$12,284,174
Net value change ($000)
-233,054 (-1.9%)
New positions
62
Sold out positions
72
Turnover %
8.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/13/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VOO 252,984 NEW
AMD 83,753 NEW
GOOGL 64,769 21.6%
SPOT 55,850 2384.7%
LLY 54,315 38.4%
AME 53,822 NEW
AMZN 45,155 11.2%
GOOGL 44,650 39.9%
TT 43,904 5731.6%
NEM 42,948 45.3%
Top Reduces (Value $000, Stocks/ETFs)
VEA -288,393 -72.0%
NFLX -84,982 -61.7%
MNDY -73,961 -100.0%
KKR -70,212 -100.0%
CL -69,597 -96.8%
HUBS -66,169 -99.7%
BA -60,922 -59.7%
META -59,314 -18.8%
VB -57,575 -100.0%
DIS -55,716 -76.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type