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Disclosery

Employees Retirement System of Texas

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13F filer, CIK 1398739, AUSTIN, TX

Employees Retirement System of Texas reported $12,293,888,000 across 523 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-13. Its ten largest share positions make up 42.06% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001398739-25-000013

Period
2025-06-30
Reported value
$12.3B
Holdings
523
Top 10 weight
42.06%
New
304
Sold out
45

Largest buys vs the previous quarter

SecurityShares changeApprox. value
GOOGnew+1,288,320$229M
BACnew+2,306,333$109M
AAPLadded+458,683$94.1M
HDnew+224,951$82.5M
PANWadded+356,071$72.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
RSPexited-2,629,372-$455M
SPYexited-268,300-$150M
CRWDreduced-120,037-$61.1M
ACNexited-188,323-$58.8M
VRTXexited-120,200-$58.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001398739-25-000013, largest first. % of portfolio is the value over $12,293,888,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BEPCBROOKFIELD RENEWABLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,274 shares 1,274$42K<0.01%newTimeline
RBRKRUBRIK INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 473 shares 473$42K<0.01%newTimeline
ELMEELME COMMUNITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,400 shares 2,400$38K<0.01%newTimeline
ALSNALLISON TRANSMISSION HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400 shares 400$38K<0.01%newTimeline
FFORD MTR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,281 shares 3,281$36K<0.01%newTimeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,538 shares 1,538$36K<0.01%newTimeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 116 shares 116$36K<0.01%newTimeline
RRYDER SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 221 shares 221$35K<0.01%newTimeline
HALOHALOZYME THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 661 shares 661$34K<0.01%newTimeline
MLIMUELLER INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 425 shares 425$34K<0.01%newTimeline
MTGMGIC INVT CORP WISQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,152 shares 1,152$32K<0.01%newTimeline
NGDNEW GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,488 shares 6,488$32K<0.01%newTimeline
WIXWIX COM LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,036 shares; 2024Q4: 1,036 shares; 2025Q1: 1,036 shares; 2025Q2: 194 shares 194$31K<0.01%-842Timeline
LNWOLIGHT & WONDER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 300 shares 300$29K<0.01%newTimeline
NYTNEW YORK TIMES CO MTN BEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 499 shares 499$28K<0.01%newTimeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 900 shares 900$28K<0.01%newTimeline
ZIONZIONS BANCORPORATION NATL ASQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 300 shares 300$16K<0.01%newTimeline
VOYAVOYA FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 200 shares 200$14K<0.01%newTimeline
FSMFORTUNA MNG CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 538 shares 538$4K<0.01%newTimeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
VGITVANGUARD SCOTTSDALE FDS SHSprincipal23,875,000$1.43B0
HYLBDBX ETF TR XTRACK USD HIGHprincipal12,732,000$470M0
CONMED CORPCONMED CORP NOTE 2.250% 6/1principal6,000,000$5.69M0
ANYWHERE REAL ESTATE GROUP LANYWHERE REAL ESTATE GROUP L CNVprincipal2,000,000$1.97M0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
RSPINVESCO EXCHANGE TRADED FD T2,629,372$455Mshares
SPYSTATE STR SPDR S&P 500 ETF T268,300$150Mshares
ACNACCENTURE PLC IRELAND188,323$58.8Mshares
VRTXVERTEX PHARMACEUTICALS INC120,200$58.3Mshares
RCLROYAL CARIBBEAN GROUP247,200$50.8Mshares
TOLTOLL BROTHERS INC247,100$26.1Mshares
GEGE AEROSPACE50,530$10.1Mshares
CVXCHEVRON CORPORATION56,031$9.37Mshares
BUDANHEUSER BUSCH INBEV SA NV144,560$8.9Mshares
BAPRABOEING CO100,000$5.9Mprincipal
BCSBARCLAYS PLC366,372$5.63Mshares
TRGPTARGA RES CORP25,824$5.18Mshares
NVSNOVARTIS AG43,010$4.79Mshares
ERICTELEFONAKTIEBOLAGET LM ERICS600,863$4.66Mshares
KRGKITE REALTY GROUP TRUST173,705$3.89Mshares
ESRTEMPIRE ST RLTY TR INC387,000$3.03Mshares
GTYGETTY RLTY CORP NEW96,000$2.99Mshares
OKEONEOK INC NEW30,016$2.98Mshares
APLEAPPLE HOSPITALITY REIT INC226,187$2.92Mshares
IVTINVENTRUST PPTYS CORP94,497$2.77Mshares
IRTINDEPENDENCE RLTY TR INC127,186$2.7Mshares
LTCLTC PPTYS INC74,554$2.64Mshares
HRHEALTHCARE RLTY TR146,093$2.47Mshares
BARRICK GOLD CORPBARRICK GOLD CORP118,586$2.31Mshares
SBRASABRA HEALTH CARE REIT INC119,809$2.09Mshares
MACMACERICH CO117,914$2.02Mshares
KRCKILROY REALTY CORP61,500$2.02Mshares
CSRCENTERSPACE28,878$1.87Mshares
FRFIRST INDL RLTY TR INC33,915$1.83Mshares
ROKUROKU INC19,452$1.37Mshares
UMHUMH PPTYS INC37,861$708Kshares
TRMDTORM PLC34,450$568Kshares
ALCALCON AG5,278$501Kshares
TBBBBBB FOODS INC18,370$490Kshares
LOGILOGITECH INTL S A4,960$419Kshares
SPTSPROUT SOCIAL INC17,020$374Kshares
CIGCIA ENERGETICA DE MINAS GERA172,995$304Kshares
TAKTAKEDA PHARMACEUTICAL CO LTD17,545$261Kshares
PHGKONINKLIJKE PHILIPS N V10,185$259Kshares
AMPAMERIPRISE FINL INC500$242Kshares
DBDEUTSCHE BK AG9,751$232Kshares
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTD7,215$152Kshares
MMYTMAKEMYTRIP LIMITED MAURITIUS1,325$130Kshares
EQNREQUINOR ASA4,587$121Kshares
GRTUFGRANITE REAL ESTATE INVESTME1,549$73Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001398739-25-000013 base2025-08-13acceptance time not in the bulk data set