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Institutional Investment Manager
TEACHER RETIREMENT SYSTEM OF TEXAS
TEACHER RETIREMENT SYSTEM OF TEXAS (CIK: 0000796848) incorporated in Texas, located at 4655 Mueller Blvd, Austin, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q2)
Portfolio Summary: 2,544 holdings with a total value of $14,682,020,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 CARDINAL HEALTH INC 942,397 73,516,000 0.50%
52 MASTERCARD INCORPORATED 806,514 71,022,000 0.48%
53 MCDONALDS CORP 589,659 70,960,000 0.48%
54 DANAHER CORP DEL 688,542 69,543,000 0.47%
55 CIGNA CORPORATION 537,190 68,755,000 0.47%
56 SPDR GOLD TR 539,793 68,295,000 0.47%
57 THERMO FISHER SCIENTIFIC INC 460,893 68,102,000 0.46%
58 MONSANTO CO NEW 639,113 66,091,000 0.45%
59 DOW CHEM CO 1,319,459 65,590,000 0.45%
60 PHILIP MORRIS INTL INC 643,743 65,482,000 0.45%
61 MERCK & CO INC 1,102,587 63,520,000 0.43%
62 WASTE MGMT INC DEL 951,054 63,026,000 0.43%
63 TJX COS INC NEW 813,155 62,800,000 0.43%
64 PRICELINE GRP INC 49,520 61,821,000 0.42%
65 SYNCHRONY FINL 2,414,074 61,028,000 0.42%
66 SUNTRUST BKS INC 1,468,046 60,307,000 0.41%
67 PG&E CORP 900,575 57,565,000 0.39%
68 BIOGEN INC 232,772 56,289,000 0.38%
69 DELPHI AUTOMOTIVE PLC 887,365 55,549,000 0.38%
70 NORTHROP GRUMMAN CORP 249,476 55,454,000 0.38%
71 ADVANCE AUTO PARTS INC 338,832 54,765,000 0.37%
72 SIMON PPTY GROUP INC NEW 252,470 54,761,000 0.37%
73 FORD MTR CO DEL 4,349,483 54,673,000 0.37%
74 INTERNATIONAL BUSINESS MACHS 354,606 53,822,000 0.37%
75 WHIRLPOOL CORP 320,087 53,339,000 0.36%
76 TRAVELERS COMPANIES INC 442,947 52,728,000 0.36%
77 HONEYWELL INTL INC 451,172 52,480,000 0.36%
78 ADOBE INC 546,897 52,387,000 0.36%
79 LEVEL 3 COMM 982,019 50,564,000 0.34%
80 3M CO 279,130 48,881,000 0.33%
81 ACCENTURE PLC IRELAND 426,877 48,361,000 0.33%
82 BERKSHIRE HATHAWAY INC DEL 331,039 47,931,000 0.33%
83 VALERO ENERGY CORP NEW 928,253 47,341,000 0.32%
84 DR PEPPER SNAPPLE GROUP INC 489,164 47,268,000 0.32%
85 EXELON CORP 1,293,631 47,036,000 0.32%
86 ALIBABA GROUP HLDG LTD 590,427 46,957,000 0.32%
87 OCCIDENTAL PETE CORP DEL 599,274 45,281,000 0.31%
88 EOG RES INC 540,359 45,077,000 0.31%
89 AETNA INC NEW 361,514 44,152,000 0.30%
90 UNITED PARCEL SERVICE INC 404,147 43,535,000 0.30%
91 CELGENE CORP 441,000 43,496,000 0.30%
92 DELTA AIRLINES INC DEL 1,193,377 43,475,000 0.30%
93 PACCAR INC 834,939 43,308,000 0.29%
94 REGENERON PHARMACEUTICALS 121,263 42,349,000 0.29%
95 NEWMONT CORP 1,079,534 42,231,000 0.29%
96 CITRIX SYS INC 524,232 41,986,000 0.29%
97 E M C CORP MASS COM 1,527,163 41,493,000 0.28%
98 TEXAS INSTRS INC 659,422 41,313,000 0.28%
99 UNITED CONTL HLDGS INC 1,003,819 41,197,000 0.28%
100 BOEING CO 315,057 40,916,000 0.28%
Page 2 of 51

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000796848-16-000011, filed 2016.08.09).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.