TEACHER RETIREMENT SYSTEM OF TEXAS

View all activity View 13F on SEC

Data as of Q4 2025

Institutional investor tracked via SEC 13F filings. Portfolio snapshot as of 2025-12-31.SEC EDGAR Source

Assets Under Management

$28.9B

Total Positions

1,619

New This Quarter

Filing Period

2025-12-31

Portfolio Allocation

Top holdings by portfolio weight

VOO14.35%

NVDA4.94%

AAPL4.40%

MSFT3.70%

AMZN2.30%

GOOGL2.04%

AVGO1.76%

GOOG1.61%

META1.60%

IVV1.50%

Other10.53%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

CIFR4Q held

CIPHER MINING INC C

Avg $2.46 · $126,259 est. P&L

Est. P&L

+492.49%

LITE4Q held

Lumentum Holdings Inc

Avg $63.99 · $2M est. P&L

Est. P&L

+480.02%

PRAX2Q held

PRAXIS PRECISION MEDICINES I

Avg $52.38 · $746,886 est. P&L

Est. P&L

+467.05%

Top Losers

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View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings(Showing 25 of 1619 — sorted by value)

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
VOO VANGUARD INDEX FDS	6.6M	$4.1B	14.3%	—	$605.12	+4.40%	17 qtrs	Increased 100
NVDA NVIDIA Corp	7.7M	$1.4B	4.9%	—	$126.24	+48.56%	28 qtrs	Increased 65
AAPL Apple Inc	4.7M	$1.3B	4.4%	—	$175.16	+55.76%	28 qtrs	Increased 65
MSFT Microsoft Corp	2.2M	$1.1B	3.7%	—	$277.80	+75.48%	28 qtrs	Increased 65
AMZN Amazon.com Inc	2.9M	$664.2M	2.3%	—	$153.34	+51.64%	28 qtrs	Increased 60
GOOGL Alphabet Inc	1.9M	$590.8M	2.0%	—	$147.76	+112.41%	28 qtrs	Increased 61
AVGO Broadcom Inc	1.5M	$508.1M	1.8%	—	$200.59	+74.41%	28 qtrs	Increased 56
GOOG Alphabet Inc	1.5M	$466.6M	1.6%	—	$200.01	+57.27%	28 qtrs	Increased 53
META Meta Platforms Inc	698,940	$461.4M	1.6%	—	$366.32	+81.79%	28 qtrs	Increased 55
IVV ISHARES TR	632,560	$433.3M	1.5%	—	$583.94	+18.15%	17 qtrs	Increased 61
TSLA Tesla Inc	771,205	$346.8M	1.2%	—	$328.23	+38.45%	25 qtrs	Increased 52
JPM JPMORGAN CHASE & CO.	900,668	$290.2M	1.0%	—	$160.10	+101.11%	28 qtrs	Increased 54
LLY Eli Lilly & Co	268,894	$289M	1.0%	—	$483.93	+122.75%	28 qtrs	Decreased 0
EMXC ISHARES INC	3.3M	$240.3M	0.8%	—	$62.00	+17.33%	3 qtrs	Increased 44
GLD SPDR GOLD TR	568,900	$225.5M	0.8%	—	$340.39	+17.19%	28 qtrs	Increased 70
BRK/B Berkshire Hathaway Inc	419,892	$211.1M	0.7%	—	—	—	28 qtrs	Increased 46
MA Mastercard Inc	329,822	$188.3M	0.7%	—	$416.13	+38.55%	28 qtrs	Increased 48
V Visa Inc	492,579	$172.8M	0.6%	—	$254.42	+38.70%	28 qtrs	Increased 51
JNJ Johnson & Johnson	824,669	$170.7M	0.6%	—	$132.91	+55.68%	28 qtrs	Decreased 0
WMT Walmart Inc	1.5M	$165.8M	0.6%	—	$72.80	+53.73%	28 qtrs	Increased 50
XOM Exxon Mobil Corp	1.4M	$162.8M	0.6%	—	$78.21	+53.68%	28 qtrs	Increased 43
PLTR Palantir Technologies Inc	847,177	$150.6M	0.5%	—	$92.10	+96.35%	19 qtrs	Increased 47
VB VANGUARD INDEX FDS	567,165	$146.3M	0.5%	—	$247.95	+5.05%	5 qtrs	Increased 67
BAC Bank of America Corp	2.6M	$143.3M	0.5%	—	$38.31	+44.28%	28 qtrs	Increased 46
IJR ISHARES TR	1.2M	$142.5M	0.5%	—	$117.30	+3.75%	5 qtrs	Increased 57
Showing 25 of 1,619 results.PROUpgrade to see all →

Accumulation Streaks

Positions with 2+ consecutive quarters of increases — persistent directional conviction.

Security

CDNSCadence Design Systems Inc

Q3 2024 → Q4 2025+99,777 shares+$35.3M

HSTMHealthStream Inc

Q3 2024 → Q4 2025+193,756 shares+$5.1M

FIZZNational Beverage Corp

Q3 2024 → Q4 2025+163,181 shares+$5.5M

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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer