Fund Holdings

Employees Retirement System of Texas

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
APPLE INC(AAPL)2,414,5142,439,273+24,759495,386621,1124.96%+125,726
NVIDIA CORPORATION(NVDA)3,768,1293,725,494-42,635595,327695,1035.55%+99,776
SELECT SECTOR SPDR TR0631,000+631,000097,3190.78%+97,319
MEDTRONIC PLC(MDT)73,232891,232+818,0006,38484,8810.68%+78,497
ALPHABET INC(GOOG)1,288,3201,231,120-57,200228,535299,8392.40%+71,304
HUBSPOT INC(HUBS)1,025141,847+140,82257166,3560.53%+65,785
GE HEALTHCARE TECHNOLOGIES I(GEHC)0695,000+695,000052,1950.42%+52,195
TESLA INC(TSLA)410,356406,756-3,600130,354180,8931.45%+50,539
SELECT SECTOR SPDR TR0196,000+196,000046,9690.38%+46,969
MASTERCARD INCORPORATED(MA)329,492388,055+58,563185,155220,7301.76%+35,575
NEWMONT CORP(NEM)1,049,1191,125,518+76,39961,12294,8920.76%+33,770
HOME DEPOT INC(HD)224,951280,162+55,21182,476113,5190.91%+31,043
BROADCOM INC(AVGO)823,030774,432-48,598226,868255,4932.04%+28,625
MICROSOFT CORP(MSFT)1,279,5141,283,570+4,056636,443664,8255.31%+28,382
ARISTA NETWORKS INC(ANET)597,844592,544-5,30061,16586,3400.69%+25,175
ALPHABET INC(GOOG)494,098460,072-34,02687,075111,8440.89%+24,769
KKR & CO INC(KKR)348,700540,300+191,60046,38870,2120.56%+23,824
PUBLIC STORAGE OPER CO(PSA)68,083150,250+82,16719,97743,4000.35%+23,423
BANK AMERICA CORP2,306,3332,562,521+256,188109,136132,2001.06%+23,064
CADENCE DESIGN SYSTEM INC(CDNS)223,446255,953+32,50768,85589,9060.72%+21,051
FIFTH THIRD BANCORP(FITB)1,379,1001,745,400+366,30056,72277,7580.62%+21,036
AMPHENOL CORP NEW107,010254,654+147,64410,56731,5130.25%+20,946
VANGUARD TAX-MANAGED FDS6,687,8316,687,8310381,273400,7353.20%+19,462
ENTERGY CORP NEW(ETR)592,564719,875+127,31149,25467,0850.54%+17,831
UBER TECHNOLOGIES INC(UBER)1,019,7081,138,952+119,24495,139111,5830.89%+16,444
SELECT SECTOR SPDR TR0114,100+114,100015,8790.13%+15,879
SCHWAB CHARLES CORP(SCHW)788,797917,350+128,55371,97087,5790.70%+15,609
BOEING CO(BA)415,446472,601+57,15587,048102,0010.81%+14,953
AMAZON COM INC(AMZN)1,762,9771,829,338+66,361386,780401,6683.21%+14,888
SERVICENOW INC(NOW)71,49295,569+24,07773,49987,9500.70%+14,451
EXXON MOBIL CORP1,123,2131,197,908+74,695121,082135,0641.08%+13,982
COLGATE PALMOLIVE CO(CL)645,221899,843+254,62258,65171,9330.57%+13,282
JABIL INC(JBL)6,21061,075+54,8651,35413,2640.11%+11,910
ADOBE INC(ADBE)51,67189,675+38,00419,99031,6330.25%+11,643
AUTOZONE INC(AZO)20,13620,077-5974,74986,1350.69%+11,386
LAS VEGAS SANDS CORP(LVS)0206,598+206,598011,1130.09%+11,113
ORACLE CORP(ORCL)13,37049,657+36,2872,92313,9660.11%+11,043
THERMO FISHER SCIENTIFIC INC(TMO)139,394138,581-81356,51967,2150.54%+10,696
ALLY FINL INC(ALLY)1,434,0831,696,646+262,56355,85866,5090.53%+10,651
TRANSDIGM GROUP INC(TDG)28,94941,287+12,33844,02154,4170.43%+10,396
TJX COS INC NEW(TJX)611,960587,929-24,03175,57184,9790.68%+9,408
MOTOROLA SOLUTIONS INC(MSI)173,968178,669+4,70173,14781,7040.65%+8,557
ICON PLC(ICLR)219,700228,523+8,82331,95539,9920.32%+8,037
NXP SEMICONDUCTORS N V279,722303,522+23,80061,11669,1210.55%+8,005
UNITEDHEALTH GROUP INC(UNH)289,960285,141-4,81990,45998,4590.79%+8,000
FLUTTER ENTMT PLC(FLUT)206,687262,000+55,31359,06366,5480.53%+7,485
MONDAY COM LTD212,064381,850+169,78666,69073,9610.59%+7,271
MORGAN STANLEY(MS)421,200417,400-3,80059,33066,3500.53%+7,020
JOHNSON & JOHNSON(JNJ)036,134+36,13406,7000.05%+6,700
CELESTICA INC(CLS)10,98133,055+22,0741,7148,1440.07%+6,430
WEC ENERGY GROUP INC(WEC)677,533671,333-6,20070,59976,9280.61%+6,329
KLA CORP(KLAC)05,748+5,74806,2000.05%+6,200
DANAHER CORPORATION(DHR)290,522317,738+27,21657,39062,9950.50%+5,605
SNOWFLAKE INC(SNOW)024,731+24,73105,5780.04%+5,578
LAM RESEARCH CORP(LRCX)47,38475,560+28,1764,61210,1170.08%+5,505
CVS HEALTH CORP(CVS)21,11190,897+69,7861,4566,8530.05%+5,397
CORNING INC(GLW)065,194+65,19405,3480.04%+5,348
VANGUARD SCOTTSDALE FDS0001,427,9641,433,21611.45%+5,252
SALESFORCE INC(CRM)16,31539,073+22,7584,4499,2600.07%+4,811
WHEATON PRECIOUS METALS CORP(WPM)042,318+42,31804,7330.04%+4,733
LOGITECH INTL S A039,289+39,28904,3090.03%+4,309
AGNICO EAGLE MINES LTD(AEM)27,11343,508+16,3953,2257,3340.06%+4,109
VANGUARD INDEX FDS226,425226,425053,65857,5750.46%+3,917
HUDBAY MINERALS INC(HBM)0255,046+255,04603,8660.03%+3,866
IDEXX LABS INC(IDXX)5,65010,682+5,0323,0306,8250.05%+3,795
PFIZER INC(PFE)70,566212,310+141,7441,7115,4100.04%+3,699
ISHARES TR198,000196,200-1,80025,04928,3250.23%+3,276
SPDR SERIES TRUST853,372738,272-115,10070,77073,9750.59%+3,205
FORUM ENERGY TECHNOLOGIES IN441,787441,78708,60211,8000.09%+3,198
TAPESTRY INC(TPR)68228,623+27,941603,2410.03%+3,181
AMERICAN WTR WKS CO INC NEW022,173+22,17303,0860.02%+3,086
COUPANG INC(CPNG)084,679+84,67902,7270.02%+2,727
SHOPIFY INC(SHOP)73,74974,815+1,0668,50711,1180.09%+2,611
CISCO SYS INC(CSCO)74,605113,202+38,5975,1767,7450.06%+2,569
AMERICAN TOWER CORP NEW(AMT)15,68031,234+15,5543,4666,0070.05%+2,541
SANDISK CORP(SNDK)37,51237,51201,7014,2090.03%+2,508
EATON CORP PLC(ETN)179,933178,333-1,60064,23466,7410.53%+2,507
SEAGATE TECHNOLOGY HLDNGS PL010,443+10,44302,4650.02%+2,465
DBX ETF TR000470,065472,4853.77%+2,420
VENTAS INC(VTR)941,704883,023-58,68159,46961,8030.49%+2,334
SUNCOR ENERGY INC NEW(SU)053,681+53,68102,2440.02%+2,244
ABBOTT LABS016,052+16,05202,1500.02%+2,150
BANCO BRADESCO S A31,374644,802+613,428972,1790.02%+2,082
BROOKFIELD RENEWABLE CORP(BEPC)1,27459,949+58,675422,0630.02%+2,021
AMERICAN EXPRESS CO(AXP)198,200196,400-1,80063,22265,2360.52%+2,014
CME GROUP INC(CME)42,17750,197+8,02011,62513,5630.11%+1,938
EDWARDS LIFESCIENCES CORP69,10094,100+25,0005,4047,3180.06%+1,914
KINROSS GOLD CORP(KGC)204,644204,64403,1995,0850.04%+1,886
ROBLOX CORP(RBLX)96,41685,946-10,47010,14311,9050.10%+1,762
CHECK POINT SOFTWARE TECH LT13,00122,382+9,3812,8764,6310.04%+1,755
SEA LTD(SE)90,31890,318014,44516,1430.13%+1,698
CEMEX SAB DE CV(CX)15,157196,959+181,8021051,7710.01%+1,666
PAN AMERN SILVER CORP(PAAS)2,85744,164+41,307811,7100.01%+1,629
OREILLY AUTOMOTIVE INC(ORLY)88,00588,00507,9329,4880.08%+1,556
INTUIT(INTU)4,4667,389+2,9233,5185,0460.04%+1,528
EBAY INC.(EBAY)110,259105,977-4,2828,2109,6390.08%+1,429
BARRICK MNG CORP(B)118,586118,58602,4693,8860.03%+1,417
KNIFE RIVER CORP(KNF)018,355+18,35501,4110.01%+1,411
WAYFAIR INC(W)35,27035,897+6271,8043,2070.03%+1,403
ALNYLAM PHARMACEUTICALS INC(ALNY)9,4749,792+3183,0894,4650.04%+1,376
Page 1 of 7