TEACHER RETIREMENT SYSTEM OF TEXAS

AUSTIN, TX · CIK 796848 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityTeacher Retirement System Of Texas (US)

Kindasset owner
Others nearbyAustin, TX

$37.3bn reported value +55.2% vs Q1 2026

1,510positions

40.8%in top 10

202 new 582 added 709 reduced 170 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	7,762,285	$5.3bn14.31%	14.31%	Added +6.9m	+6,915,454 816.6%
2	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	14,957,447	$2.6bn6.86%	6.86%	New
3	NVIDIA CORPORATION COM NVDA	NVDA	8,199,890	$1.6bn4.40%	4.40%	Added +498.4k	+498,389 6.5%
4	APPLE INC COM AAPL	AAPL	5,278,393	$1.5bn4.10%	4.10%	Added +619.8k	+619,782 13.3%
5	MICROSOFT CORP COM MSFT	MSFT	2,500,591	$932.8m2.50%	2.50%	Added +265.9k	+265,892 11.9%
6	AMAZON COM INC COM AMZN	AMZN	3,398,689	$810.0m2.17%	2.17%	Added +506.7k	+506,713 17.5%
7	ALPHABET INC CAP STK CL A GOOGL	GOOGL	2,122,475	$758.5m2.04%	2.04%	Added +207.4k	+207,390 10.8%
8	BROADCOM INC COM AVGO	AVGO	1,591,945	$601.4m1.61%	1.61%	Added +162.2k	+162,190 11.3%
9	ALPHABET INC CAP STK CL C GOOG	GOOG	1,622,321	$573.2m1.54%	1.54%	Added +124.8k	+124,833 8.3%
10	ISHARES TR CORE S&P500 ETF IVV	IVV	632,560	$473.7m1.27%	1.27%	Unchanged
11	MICRON TECHNOLOGY INC COM MU	MU	398,575	$460.1m1.23%	1.23%	Added +47.3k	+47,287 13.5%
12	META PLATFORMS INC CL A META	META	802,424	$452.0m1.21%	1.21%	Added +112.1k	+112,149 16.2%
13	TESLA INC COM TSLA	TSLA	915,687	$385.1m1.03%	1.03%	Added +130.7k	+130,732 16.6%
14	ELI LILLY & CO COM LLY	LLY	320,915	$384.9m1.03%	1.03%	Added +31.0k	+30,976 10.7%
15	PERSHING SQUARE USA LTD COM SHS PSUS	PSUS	10,270,000	$383.9m1.03%	1.03%	New
16	CONSTELLATION ENERGY CORP COM CEG	CEG	1,419,507	$352.6m0.95%	0.95%	Added +1.4m	+1,364,652 2487.7%
17	ADVANCED MICRO DEVICES INC COM AMD	AMD	567,313	$329.6m0.88%	0.88%	Added +147.0k	+146,981 35.0%
18	JPMORGAN CHASE & CO COM JPM	JPM	910,802	$298.1m0.80%	0.80%	Added +181.4k	+181,373 24.9%
19	ISHARES INC MSCI EMRG CHN EMXC	EMXC	2,579,723	$263.9m0.71%	0.71%	Reduced -424.7k	-424,671 -14.1%
20	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	502,536	$251.5m0.67%	0.67%	Added +92.2k	+92,188 22.5%
21	APPLIED MATLS INC COM AMAT	AMAT	342,976	$248.0m0.67%	0.67%	Added +35.7k	+35,672 11.6%
22	JOHNSON & JOHNSON COM JNJ	JNJ	912,334	$231.7m0.62%	0.62%	Added +88.8k	+88,788 10.8%
23	VISA INC COM CL A V	V	650,316	$223.1m0.60%	0.60%	Added +91.6k	+91,562 16.4%
24	LAM RESEARCH CORP COM NEW LRCX	LRCX	485,939	$210.6m0.57%	0.57%	Reduced -61.6k	-61,594 -11.2%
25	INTEL CORP COM INTC	INTC	1,478,144	$206.4m0.55%	0.55%	Reduced -691.8k	-691,817 -31.9%
26	EXXON MOBIL CORP COM XOM	XOM	1,497,728	$204.8m0.55%	0.55%	Added +174.9k	+174,885 13.2%
27	CATERPILLAR INC COM CAT	CAT	189,582	$201.9m0.54%	0.54%	Added +10.8k	+10,753 6.0%
28	MASTERCARD INCORPORATED CL A MA	MA	373,334	$191.7m0.51%	0.51%	Added +40.1k	+40,104 12.0%
29	WALMART INC COM WMT	WMT	1,580,681	$179.0m0.48%	0.48%	Added +373.8k	+373,798 31.0%
30	CISCO SYS INC COM CSCO	CSCO	1,501,542	$176.4m0.47%	0.47%	Added +152.0k	+152,012 11.3%
31	ISHARES TR CORE S&P SCP ETF IJR	IJR	1,185,799	$175.9m0.47%	0.47%	Unchanged
32	VANGUARD INDEX FDS SMALL CP ETF VB	VB	567,165	$171.9m0.46%	0.46%	Unchanged
33	GE VERNOVA INC COM GEV	GEV	143,189	$168.2m0.45%	0.45%	Reduced -21.2k	-21,193 -12.9%
34	COSTCO WHSL CORP NEW COM COST	COST	175,128	$163.8m0.44%	0.44%	Added +33.0k	+32,958 23.2%
35	KLA CORP COM NEW KLAC	KLAC	499,596	$150.7m0.40%	0.40%	Reduced -36.6k	-36,604 -6.8%
36	HOME DEPOT INC COM HD	HD	412,326	$145.4m0.39%	0.39%	Added +89.9k	+89,851 27.9%
37	PROCTER AND GAMBLE CO COM PG	PG	987,045	$144.7m0.39%	0.39%	Added +32.8k	+32,784 3.4%
38	UNITEDHEALTH GROUP INC COM UNH	UNH	345,085	$143.4m0.38%	0.38%	Added +102.3k	+102,323 42.1%
39	GE AEROSPACE COM NEW GE	GE	370,794	$138.6m0.37%	0.37%	Reduced -51.0k	-50,965 -12.1%
40	BANK AMERICA CORP COM BAC	BAC	2,393,625	$136.4m0.37%	0.37%	Added +52.1k	+52,148 2.2%
41	COCA COLA CO COM KO	KO	1,640,629	$133.3m0.36%	0.36%	Reduced -95.5k	-95,501 -5.5%
42	CITIGROUP INC COM NEW C	C	912,002	$127.6m0.34%	0.34%	Added +15.0k	+14,994 1.7%
43	ABBVIE INC COM ABBV	ABBV	500,373	$125.9m0.34%	0.34%	Added +44.0k	+43,953 9.6%
44	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	129,005	$124.5m0.33%	0.33%	Reduced -61.1k	-61,126 -32.1%
45	NETFLIX INC COM NFLX	NFLX	1,633,499	$116.6m0.31%	0.31%	Reduced -57.0k	-57,023 -3.4%
46	TEXAS INSTRS INC COM TXN	TXN	376,664	$112.3m0.30%	0.30%	Added +9.5k	+9,493 2.6%
47	WELLS FARGO CO NEW COM WFC	WFC	1,357,939	$112.2m0.30%	0.30%	Reduced -84.6k	-84,636 -5.9%
48	CHEVRON CORP NEW COM CVX	CVX	646,010	$107.1m0.29%	0.29%	Added +193.7k	+193,694 42.8%
49	AVALONBAY CMNTYS INC COM AVB	AVB	557,912	$105.3m0.28%	0.28%	Added +16.8k	+16,777 3.1%
50	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	889,645	$103.8m0.28%	0.28%	Reduced -64.6k	-64,609 -6.8%
51	MERCK & CO INC COM MRK	MRK	805,085	$103.5m0.28%	0.28%	Added +145.2k	+145,208 22.0%
52	PHILIP MORRIS INTL INC COM PM	PM	563,361	$101.9m0.27%	0.27%	Added +51.3k	+51,257 10.0%
53	PERSHING SQUARE INC COMMON STOCK PS	PS	3,054,000	$100.4m0.27%	0.27%	New
54	TJX COS INC NEW COM TJX	TJX	661,494	$100.2m0.27%	0.27%	Added +83.8k	+83,842 14.5%
55	LINDE PLC SHS LIN	LIN	193,110	$100.2m0.27%	0.27%	Reduced -6.4k	-6,427 -3.2%
56	WESTERN DIGITAL CORP COM WDC	WDC	151,953	$97.1m0.26%	0.26%	Reduced -106.6k	-106,611 -41.2%
57	MARVELL TECHNOLOGY INC COM MRVL	MRVL	322,821	$96.2m0.26%	0.26%	Added +171.8k	+171,774 113.7%
58	AMPHENOL CORP CL A APH	APH	537,059	$94.7m0.25%	0.25%	Added +16.0k	+16,043 3.1%
59	RTX CORPORATION COM RTX	RTX	497,543	$94.4m0.25%	0.25%	Added +89.2k	+89,167 21.8%
60	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	186,915	$93.7m0.25%	0.25%	Added +52.1k	+52,130 38.7%
61	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	1,375,034	$93.4m0.25%	0.25%	Reduced -175.7k	-175,679 -11.3%
62	MERCADOLIBRE INC COM MELI	MELI	54,766	$93.0m0.25%	0.25%	Added +4.2k	+4,219 8.3%
63	GOLDMAN SACHS GROUP INC COM GS	GS	89,796	$90.8m0.24%	0.24%	Added +31.5k	+31,498 54.0%
64	BOOKING HOLDINGS INC COM BKNG	BKNG	497,604	$88.7m0.24%	0.24%	Added +67.9k	+67,929 15.8%
65	PEPSICO INC COM PEP	PEP	649,175	$87.9m0.24%	0.24%	Reduced -4.6k	-4,587 -0.7%
66	MCDONALDS CORP COM MCD	MCD	325,059	$87.9m0.24%	0.24%	Added +20.8k	+20,827 6.8%
67	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	308,386	$86.7m0.23%	0.23%	Reduced -90.0k	-89,964 -22.6%
68	CREDICORP LTD COM BAP	BAP	219,879	$85.7m0.23%	0.23%	Reduced -38.1k	-38,096 -14.8%
69	PALO ALTO NETWORKS INC COM PANW	PANW	238,721	$81.4m0.22%	0.22%	Added +81.9k	+81,942 52.3%
70	MCKESSON CORP COM MCK	MCK	106,650	$80.6m0.22%	0.22%	Reduced -5.3k	-5,293 -4.7%
71	AMERICAN EXPRESS CO COM AXP	AXP	237,323	$80.3m0.22%	0.22%	Added +1.4k	+1,355 0.6%
72	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,887,464	$79.9m0.21%	0.21%	Added +97.4k	+97,367 5.4%
73	ANALOG DEVICES INC COM ADI	ADI	198,762	$78.9m0.21%	0.21%	Added +16.7k	+16,672 9.2%
74	ORACLE CORP COM ORCL	ORCL	528,666	$77.5m0.21%	0.21%	Added +40.4k	+40,445 8.3%
75	MORGAN STANLEY COM NEW MS	MS	366,958	$76.7m0.21%	0.21%	Added +104.1k	+104,081 39.6%
76	FORTINET INC COM FTNT	FTNT	495,078	$76.1m0.20%	0.20%	Reduced -114.0k	-113,966 -18.7%
77	BBB FOODS INC CL A COM TBBB	TBBB	1,718,495	$71.6m0.19%	0.19%	Added +618.0k	+618,000 56.2%
78	ESSEX PPTY TR INC COM ESS	ESS	243,869	$71.1m0.19%	0.19%	Reduced -533	-533 -0.2%
79	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	202,699	$71.0m0.19%	0.19%	Added +67.8k	+67,838 50.3%
80	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	177,285	$70.5m0.19%	0.19%	Added +34.9k	+34,917 24.5%
81	ARISTA NETWORKS INC COM SHS ANET	ANET	411,317	$69.9m0.19%	0.19%	Reduced -174.3k	-174,330 -29.8%
82	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	1,190,931	$68.6m0.18%	0.18%	Added +198.6k	+198,555 20.0%
83	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	135,619	$67.4m0.18%	0.18%	Added +11.3k	+11,302 9.1%
84	VERALTO CORP COM SHS VLTO	VLTO	759,044	$67.3m0.18%	0.18%	Added +126.0k	+125,967 19.9%
85	DELL TECHNOLOGIES INC CL C DELL	DELL	153,727	$66.3m0.18%	0.18%	Reduced -75.0k	-75,018 -32.8%
86	SANDISK CORP COM SNDK	SNDK	28,741	$65.3m0.18%	0.18%	Reduced -3.6k	-3,602 -11.1%
87	QUALCOMM INC COM QCOM	QCOM	347,507	$64.2m0.17%	0.17%	Added +158.2k	+158,183 83.5%
88	SCHWAB CHARLES CORP COM SCHW	SCHW	686,615	$63.4m0.17%	0.17%	Added +199.1k	+199,111 40.8%
89	ROSS STORES INC COM ROST	ROST	297,558	$63.3m0.17%	0.17%	Added +20.0k	+19,993 7.2%
90	ALTRIA GROUP INC COM MO	MO	862,935	$62.1m0.17%	0.17%	Added +35.1k	+35,128 4.2%
91	CUMMINS INC COM CMI	CMI	86,975	$62.0m0.17%	0.17%	Added +17.9k	+17,893 25.9%
92	APPLOVIN CORP COM CL A APP	APP	119,688	$61.7m0.17%	0.17%	Added +66.4k	+66,393 124.6%
93	MID-AMER APT CMNTYS INC COM MAA	MAA	443,284	$61.6m0.17%	0.17%	Reduced -969	-969 -0.2%
94	TRANE TECHNOLOGIES PLC SHS TT	TT	124,700	$61.2m0.16%	0.16%	Added +36.3k	+36,286 41.0%
95	PROGRESSIVE CORP COM PGR	PGR	276,270	$60.4m0.16%	0.16%	Added +41.7k	+41,715 17.8%
96	CHUBB LIMITED COM CB	CB	176,107	$60.0m0.16%	0.16%	Added +68.7k	+68,708 64.0%
97	AT&T INC COM T	T	2,882,147	$59.7m0.16%	0.16%	Added +38.6k	+38,646 1.4%
98	BANK NEW YORK MELLON CORP COM BNY	BNY	408,049	$59.0m0.16%	0.16%	Reduced -27.7k	-27,696 -6.4%
99	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	77,239	$58.9m0.16%	0.16%	Added +32.3k	+32,345 72.0%
100	ILLINOIS TOOL WKS INC COM ITW	ITW	215,826	$58.4m0.16%	0.16%	Added +56.3k	+56,342 35.3%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		107,880	$48.8m107.9k shares
CERTARA INC CERT	CERT	2,960,963	$16.9m3.0m shares
UNITED AIRLS HLDGS INC UAL	UAL	182,100	$16.8m182.1k shares
DELTA AIR LINES INC DEL DAL	DAL	207,409	$13.8m207.4k shares
CLOROX CO DEL CLX	CLX	86,525	$9.0m86.5k shares
AUNA S A AUNA	AUNA	1,584,000	$8.7m1.6m shares
SOLV ENERGY INC MWH	MWH	250,000	$7.5m250.0k shares
CDW CORP CDW	CDW	60,700	$7.3m60.7k shares
VERISK ANALYTICS INC VRSK	VRSK	38,409	$7.3m38.4k shares
TELEPHONE & DATA SYS INC TDS	TDS	146,013	$6.1m146.0k shares
EQUIPMENTSHARE COM INC EQPT	EQPT	300,000	$6.1m300.0k shares
COPART INC CPRT	CPRT	163,787	$5.4m163.8k shares
SUN CMNTYS INC SUI	SUI	40,586	$5.1m40.6k shares
WORKDAY INC WDAY	WDAY	37,962	$4.9m38.0k shares
APTIV PLC APTV	APTV	62,802	$4.4m62.8k shares
PROASSURANCE CORP PRA	PRA	168,774	$4.2m168.8k shares
CANTALOUPE INC USAT	USAT	353,445	$3.8m353.4k shares
MARKEL GROUP INC MKL	MKL	1,744	$3.3m1.7k shares
MASTERBRAND INC MBC	MBC	299,995	$2.5m300.0k shares
HOVNANIAN ENTERPRISES INC HOV	HOV	22,452	$2.5m22.5k shares
XPO INC XPO	XPO	12,432	$2.4m12.4k shares
FABRINET FN	FN	4,200	$2.2m4.2k shares
TRI POINTE HOMES INC TPH	TPH	39,169	$1.8m39.2k shares
SKYWEST INC SKYW	SKYW	16,897	$1.6m16.9k shares
TURNING PT BRANDS INC TPB	TPB	16,785	$1.5m16.8k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
PERSHING SQUARE USA LTD PSUS · 13G · filed 2026-05-06	PSUS	10.3%≈ $383.9m	new	13G	2026-05-06

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-17	PERSHING SQUARE USA LTD 10% owner	PSUS	Sold	6,205	$248.6k6.2k shares	-<1%
2026-08-04	PERSHING SQUARE USA LTD 10% owner	PSUS	Sold	50,000	$1.9m50.0k shares	-0%
2026-08-03	PERSHING SQUARE USA LTD 10% owner	PSUS	Sold	70,000	$2.7m70.0k shares	-1%