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Institutional Investment Manager
Employees Retirement System of Texas
Employees Retirement System of Texas (CIK: 0001398739) incorporated in Texas, located at P.O. Box 13207, Austin, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 955 holdings with a total value of $7,240,862,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 LAUDER ESTEE COS INC 294,296 27,755,000 0.38%
52 CHUBB LIMITED 232,660 27,721,000 0.38%
53 AMERICAN INTL GROUP INC 511,200 27,630,000 0.38%
54 INTEL CORP 848,200 27,439,000 0.38%
55 C H ROBINSON WORLDWIDE INC 369,000 27,391,000 0.38%
56 AMGEN INC 181,000 27,137,000 0.37%
57 NIKE INC 431,800 26,543,000 0.37%
58 LILLY ELI & CO 367,300 26,449,000 0.37%
59 EQUITY RESIDENTIAL 348,000 26,110,000 0.36%
60 PUBLIC STORAGE 93,200 25,707,000 0.36%
61 UNITED TECHNOLOGIES CORP 247,200 24,745,000 0.34%
62 AIR PRODS & CHEMS INC 161,500 23,264,000 0.32%
63 CRH PLC 815,200 22,972,000 0.32%
64 HUNTINGTON INGALLS INDS INC 166,000 22,732,000 0.31%
65 TAIWAN SEMICONDUCTOR MFG LTD 850,882 22,293,000 0.31%
66 PHILLIPS 66 252,800 21,890,000 0.30%
67 ANTHEM INC 154,400 21,460,000 0.30%
68 CELGENE CORP 213,300 21,349,000 0.29%
69 EOG RES INC 293,700 21,317,000 0.29%
70 TEXAS INSTRS INC 369,509 21,217,000 0.29%
71 STARBUCKS CORP 354,200 21,146,000 0.29%
72 O REILLY AUTOMOTIVE INC NEW 77,100 21,099,000 0.29%
73 TARGET CORP 252,800 20,800,000 0.29%
74 PAYPAL HLDGS INC 536,000 20,690,000 0.29%
75 JETBLUE AIRWAYS CORP 977,000 20,634,000 0.28%
76 CAPITAL ONE FINL CORP 295,900 20,509,000 0.28%
77 US BANCORP DEL 503,100 20,421,000 0.28%
78 WAL-MART STORES INC 294,400 20,163,000 0.28%
79 HONEYWELL INTL INC 178,500 20,001,000 0.28%
80 RAYTHEON CO 161,400 19,792,000 0.27%
81 AVALONBAY COMM 103,259 19,640,000 0.27%
82 E M C CORP MASS COM 721,600 19,231,000 0.27%
83 OCCIDENTAL PETE CORP DEL 279,700 19,140,000 0.26%
84 REYNOLDS AMERICAN INC 376,680 18,951,000 0.26%
85 DU PONT E I DE NEMOURS & CO 288,400 18,261,000 0.25%
86 CITIGROUPINC 434,650 18,147,000 0.25%
87 AMERICAN EXPRESS CO 295,000 18,113,000 0.25%
88 JOHNSON CTLS INTL PLC 463,900 18,078,000 0.25%
89 MONDELEZ INTL INC 449,100 18,018,000 0.25%
90 GENERAL DYNAMICS CORP 135,300 17,774,000 0.25%
91 COLGATE PALMOLIVE CO 250,700 17,712,000 0.24%
92 STANLEY BLACK &DECKER INC 166,500 17,517,000 0.24%
93 AMERICAN TOWER CORP NEW 168,700 17,270,000 0.24%
94 CHEVRON CORP NEW 179,900 17,162,000 0.24%
95 BP PLC 567,100 17,115,000 0.24%
96 HCA HOLDINGS INC 218,200 17,031,000 0.24%
97 NUCOR CORP 359,000 16,981,000 0.23%
98 ORBITAL ATK INC 192,000 16,692,000 0.23%
99 PNC FINL SVCS GROUP INC 191,100 16,161,000 0.22%
100 COGNIZANT TECHNOLOGY SOLUTIO 257,200 16,126,000 0.22%
Page 2 of 20

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398739-16-000014, filed 2016.05.12).

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.