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TEACHER RETIREMENT SYSTEM OF TEXAS Portfolio Analytics

Investment Analysis & Holdings Breakdown

Comprehensive portfolio analytics for TEACHER RETIREMENT SYSTEM OF TEXAS with $24.9B in long positions as of Q3 2025, 27% allocated to Technology, and 30% concentrated in top 10 positions.

Portfolio Value
$24.9B
Top 10 Concentration
30%
Top Sector
Technology (27%)
US Exposure
95%
Market Cap Focus
Mega Cap
Countries
26

Composition Analysis

Portfolio breakdown by sector, industry, and market capitalization

Sector Allocation

Technology: 27.10%TechnologyFinancial Services: 10.70%Financial ServicesConsumer Cyclical: 10.70%Consumer CyclicalHealthcare: 9.50%HealthcareETF: 9.40%ETFIndustrials: 9.10%IndustrialsCommunication Services: 7.70%Consumer Defensive: 4.80%Basic Materials: 2.50%Energy: 2.50%Utilities: 1.90%Real Estate: 1.80%
Technology
27.10%
Financial Services
10.70%
Consumer Cyclical
10.70%
Healthcare
9.50%
ETF
9.40%
Industrials
9.10%
Communication Services
7.70%
Consumer Defensive
4.80%
Basic Materials
2.50%
Energy
2.50%
Utilities
1.90%
Real Estate
1.80%

Industry Breakdown

136 industries across all sectors

ETF: 9.36%ETFSemiconductors: 9.17%SemiconductorsSoftware - Infrastructure: 6.47%Internet Content & Information: 5.48%Consumer Electronics: 4.32%Specialty Retail: 4.04%Drug Manufacturers - General: 3.23%Software - Application: 3.21%Banks - Diversified: 2.07%Financial - Credit Services: 1.76%Auto - Manufacturers: 1.65%Industrial - Machinery: 1.59%Aerospace & Defense: 1.56%Discount Stores: 1.45%Medical - Devices: 1.43%Information Technology Services: 1.31%Insurance - Diversified: 1.19%Insurance - Property & Casualty: 1.11%Entertainment: 1.08%Telecommunications Services: 1.04%Hardware, Equipment & Parts: 1.04%Banks - Regional: 1.04%Beverages - Non-Alcoholic: 0.99%Chemicals - Specialty: 0.97%Engineering & Construction: 0.97%Financial - Capital Markets: 0.97%Regulated Electric: 0.92%Medical - Healthcare Plans: 0.92%Oil & Gas Integrated: 0.91%Biotechnology: 0.85%Asset Management: 0.85%Medical - Diagnostics & Research: 0.84%Household & Personal Products: 0.84%Financial - Data & Stock Exchanges: 0.76%Communication Equipment: 0.76%Restaurants: 0.74%Gold: 0.72%Oil & Gas Exploration & Production: 0.71%Home Improvement: 0.67%Tobacco: 0.67%96 more: 18.08%96 more
ETF
ETF
9.36%
Semiconductors
Technology
9.17%
Software - Infrastructure
Technology
6.47%
Internet Content & Information
Communication Services
5.48%
Consumer Electronics
Technology
4.32%
Specialty Retail
Consumer Cyclical
4.04%
Drug Manufacturers - General
Healthcare
3.23%
Software - Application
Technology
3.21%
Banks - Diversified
Financial Services
2.07%
Financial - Credit Services
Financial Services
1.76%
Auto - Manufacturers
Consumer Cyclical
1.65%
Industrial - Machinery
Industrials
1.59%

Filter by Sector

Select a sector to filter industries

Market Cap Distribution

Mega Cap (> $200B): 40.31%Mega Cap (> $200B)Large Cap ($10B - $200B): 39.42%Large Cap ($10B - $200B)Mid Cap ($2B - $10B): 7.49%Small Cap ($300M - $2B): 2.28%Nano Cap (< $50M): 0.26%N/A (ETF or Unknown): 10.23%N/A (ETF or Unknown)
Mega Cap (> $200B)
40.31%
Large Cap ($10B - $200B)
39.42%
Mid Cap ($2B - $10B)
7.49%
Small Cap ($300M - $2B)
2.28%
Nano Cap (< $50M)
0.26%
N/A (ETF or Unknown)
10.23%

Portfolio Concentration

Top 10 Holdings %
29.94%
Top 20 Holdings %
38.0%
Top 50 Holdings %
49.63%
Top 100 Holdings %
62.31%

Geographic Exposure

Portfolio breakdown by country of incorporation

Domestic (US)
94.86%
International
5.14%
Countries
26
Largest Int'l Market
Ireland - 1.55%
United States of America
94.86% ($23.6B)
1,895 holdings
Ireland
1.55% ($385.4M)
18 holdings
Canada
0.71% ($177.3M)
16 holdings
United Kingdom
0.57% ($142.0M)
17 holdings
Switzerland
0.39% ($97.2M)
7 holdings
Luxembourg
0.33% ($81.3M)
3 holdings
Uruguay
0.31% ($78.3M)
1 holdings
Peru
0.24% ($60.0M)
2 holdings
South Africa
0.21% ($52.3M)
1 holdings
Israel
0.17% ($42.0M)
18 holdings
Bermuda
0.14% ($34.4M)
15 holdings
Mexico
0.12% ($29.7M)
1 holdings

Holding Behavior

Investment patterns and position management analysis

Portfolio Stability & Commitment

Avg. Top 10
41.4 quarters
Avg. Top 20
38.6 quarters
Avg. All Positions
15.9 quarters
Median Holding Period
16 quarters
Persistence Rate
68.26%
Persistent Holdings Weight
92.55%
Persistent Positions
1,381
Longest Held
Snap-on Incorporated logo
Snap-on IncorporatedSNA - 49 quarters

Position Sizing & Influence

Current Quarter

Avg. New Position
0.01%
Avg. Position Weight
0.05%
Largest Position
Vanguard S&P 500 ETF logo
Vanguard S&P 500 ETFVOO - 6.15%
Largest Ownership Stake
Certara, Inc. Common Stock logo
Certara, Inc. Common StockCERT - 3.53%
Avg. Ownership Stake
0.08%
Ownership Stake >5%
0
Ownership Stake >1%
7

Historical (Since Q2 2013)

Avg. New Position
0.05%
Avg. Ownership Stake
0.14%
Largest Position
Vanguard S&P 500 ETF logo
Vanguard S&P 500 ETFVOO - 6.15% (Q3 2025)
Largest Ownership Stake
Crescent Energy Company logo
Crescent Energy CompanyCRGY - 9.02% (Q3 2023)

Portfolio Turnover

Current Quarter

Turnover Ratio
12.8%
Value Traded
$3.18B
Positions Added
34
Positions Exited
105

Historical (Since Q2 2013)

Avg. Turnover Ratio
13.5%
Avg. Positions Added
103
Avg. Positions Exited
147
Highest Turnover
29.3%
Q4 2017
Lowest Turnover
2.9%
Q3 2014

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