TEACHER RETIREMENT SYSTEM OF TEXAS Q4 2025 Filing

Filed January 28, 2026

Portfolio Value

$28.9B

Holdings

1,619

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (1,619 positions)

#StockSharesValue% PortfolioType
1
VOOVANGUARD INDEX FDS
6,615,774$4.1B14.35%
2
NVDANVIDIA CORPORATION
7,657,821$1.4B4.94%
3
AAPLAPPLE INC
4,682,646$1.3B4.40%
4
MSFTMICROSOFT CORP
2,214,496$1.1B3.70%
5
AMZNAMAZON COM INC
2,877,676$664.2M2.30%
6
GOOGLALPHABET INC
1,887,621$590.8M2.04%
7
AVGOBROADCOM INC
1,468,214$508.1M1.76%
8
GOOGALPHABET INC
1,486,956$466.6M1.61%
9
METAMETA PLATFORMS INC
698,940$461.4M1.60%
10
IVVISHARES TR
632,560$433.3M1.50%
11
TSLATESLA INC
771,205$346.8M1.20%
12
JPMJPMORGAN CHASE & CO.
900,668$290.2M1.00%
13
LLYELI LILLY & CO
268,894$289.0M1.00%
14
EMXCISHARES INC
3,305,644$240.3M0.83%
15
GQ9SPDR GOLD TR
568,900$225.5M0.78%
16
BRK/BBERKSHIRE HATHAWAY INC DEL
419,892$211.1M0.73%
17
MAMASTERCARD INCORPORATED
329,822$188.3M0.65%
18
VVISA INC
492,579$172.8M0.60%
19
JNJJOHNSON & JOHNSON
824,669$170.7M0.59%
20
WMTWALMART INC
1,488,076$165.8M0.57%
21
XOMEXXON MOBIL CORP
1,352,839$162.8M0.56%
22
PLTRPALANTIR TECHNOLOGIES INC
847,177$150.6M0.52%
23
VBVANGUARD INDEX FDS
567,165$146.3M0.51%
24
BACBANK AMERICA CORP
2,604,848$143.3M0.50%
25
IJRISHARES TR
1,185,799$142.5M0.49%
26
GEGE AEROSPACE
460,211$141.8M0.49%
27
PGPROCTER AND GAMBLE CO
975,151$139.7M0.48%
28
NFLXNETFLIX INC
1,473,196$138.1M0.48%
29
ABBVABBVIE INC
589,752$134.8M0.47%
30
KOCOCA COLA CO
1,796,760$125.6M0.43%
31
COSTCOSTCO WHSL CORP NEW
140,429$121.1M0.42%
32
HDHOME DEPOT INC
330,516$113.7M0.39%
33
WFCWELLS FARGO CO NEW
1,208,781$112.7M0.39%
34
ADSKAUTODESK INC
371,695$110.0M0.38%
35
LRCXLAM RESEARCH CORP
628,708$107.6M0.37%
36
CSCOCISCO SYS INC
1,346,340$103.7M0.36%
37
CATCATERPILLAR INC
170,618$97.7M0.34%
38
AMDADVANCED MICRO DEVICES INC
449,160$96.2M0.33%
39
INTCINTEL CORP
2,571,913$94.9M0.33%
40
IBMINTERNATIONAL BUSINESS MACHS
312,259$92.5M0.32%
41
BKNGBOOKING HOLDINGS INC
17,196$92.1M0.32%
42
GEVGE VERNOVA INC
140,291$91.7M0.32%
43
TJXTJX COS INC NEW
588,711$90.4M0.31%
44
SLVISHARES SILVER TR
1,400,000$90.2M0.31%
45
BACVERIZON COMMUNICATIONS INC
2,197,366$89.5M0.31%
46
INTUINTUIT
135,100$89.5M0.31%
47
ORCLORACLE CORP
452,401$88.2M0.30%
48
4I1PHILIP MORRIS INTL INC
547,877$87.9M0.30%
49
APHAMPHENOL CORP NEW
647,891$87.6M0.30%
50
APGAPI GROUP CORP
2,248,783$86.0M0.30%
51
MLB1MERCADOLIBRE INC
42,611$85.8M0.30%
52
UNHUNITEDHEALTH GROUP INC
255,768$84.4M0.29%
53
PEGAPEGASYSTEMS INC
1,400,086$83.6M0.29%
54
ANETARISTA NETWORKS INC
627,143$82.2M0.28%
55
AGFIRST MAJESTIC SILVER CORP
4,918,000$81.9M0.28%
56
MRKMERCK & CO INC
777,967$81.9M0.28%
57
ISRGINTUITIVE SURGICAL INC
144,494$81.8M0.28%
58
LINLINDE PLC
190,490$81.2M0.28%
59
MUMICRON TECHNOLOGY INC
281,210$80.3M0.28%
60
CRMSALESFORCE INC
296,956$78.7M0.27%
61
CVXCHEVRON CORP NEW
505,706$77.1M0.27%
62
ACNACCENTURE PLC IRELAND
282,340$75.8M0.26%
63
ADBEADOBE INC
215,611$75.5M0.26%
64
CMCSACOMCAST CORP NEW
2,512,894$75.1M0.26%
65
MCDMCDONALDS CORP
243,923$74.5M0.26%
66
RTXRTX CORPORATION
406,273$74.5M0.26%
67
TRVCCITIGROUP INC
622,054$72.6M0.25%
68
DISDISNEY WALT CO
636,938$72.5M0.25%
69
PEPPEPSICO INC
492,852$70.7M0.24%
70
AXPAMERICAN EXPRESS CO
187,295$69.3M0.24%
71
HONHONEYWELL INTL INC
350,983$68.5M0.24%
72
CASYCASEYS GEN STORES INC
123,183$68.1M0.24%
73
MOALTRIA GROUP INC
1,169,116$67.4M0.23%
74
WMBWILLIAMS COS INC
1,120,775$67.4M0.23%
75
ADPAUTOMATIC DATA PROCESSING IN
257,387$66.2M0.23%
76
KLACKLA CORP
53,840$65.4M0.23%
77
SCHWSCHWAB CHARLES CORP
651,359$65.1M0.23%
78
CITHE CIGNA GROUP
235,903$64.9M0.22%
79
VEEVVEEVA SYS INC
290,182$64.8M0.22%
80
AZOAUTOZONE INC
18,975$64.4M0.22%
81
GMGENERAL MTRS CO
790,249$64.3M0.22%
82
NEMNEWMONT CORP
639,966$63.9M0.22%
83
QCOMQUALCOMM INC
372,548$63.7M0.22%
84
AUANGLOGOLD ASHANTI PLC
742,930$63.4M0.22%
85
WDCWESTERN DIGITAL CORP
367,340$63.3M0.22%
86
BAPCREDICORP LTD
220,189$63.2M0.22%
87
AVBAVALONBAY CMNTYS INC
348,068$63.1M0.22%
88
EQREQUITY RESIDENTIAL
998,401$62.9M0.22%
89
TAT&T INC
2,533,174$62.9M0.22%
90
MCKMCKESSON CORP
76,590$62.8M0.22%
91
PFEPFIZER INC
2,509,842$62.5M0.22%
92
BMYBRISTOL-MYERS SQUIBB CO
1,153,556$62.2M0.22%
93
GDGENERAL DYNAMICS CORP
182,327$61.4M0.21%
94
FLUTFLUTTER ENTMT PLC
285,133$61.3M0.21%
95
VLTOVERALTO CORP
593,907$59.3M0.20%
96
SPGIS&P GLOBAL INC
112,895$59.0M0.20%
97
PGRPROGRESSIVE CORP
257,380$58.6M0.20%
98
MMM3M CO
360,889$57.8M0.20%
99
TMUST-MOBILE US INC
283,125$57.5M0.20%
100
SAROSTANDARDAERO INC
1,987,267$57.0M0.20%
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