Texas County & District Retirement System

Fundamental diversified ★Signal CIK 1698632
Long book
$60.8M
Q1 2026
Positions
1
Top-10 weight
100%
concentration
Last quarter
-5.4%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

Texas County & District Retirement System is a diversified fundamental manager, running a $60.8M US long book across 1 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder.

Over the last 9 quarters its long book ran on average 6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+11.9%
Q2 2024
+1.2%
Q3 2024
+6.5%
Q4 2024
-8.5%
Q1 2025
-14.9%
Q2 2025
+4.4%
Q3 2025
+1.5%
Q4 2025
-10.5%
Q1 2026
-5.4%

Sector allocation

No sector data

Long book by quarter

$86.3M
Q1 2024
$93.9M
Q2 2024
$92.5M
Q3 2024
$96.1M
Q4 2024
$85.6M
Q1 2025
$70.5M
Q2 2025
$71.3M
Q3 2025
$70.3M
Q4 2025
$60.8M
Q1 2026

What does Texas County own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 20261$60.8M canonicalSEC ↗
Q4 202513F-HRFeb 12, 20261$70.3M canonicalSEC ↗
Q3 202513F-HRNov 17, 20251$71.3M canonicalSEC ↗
Q2 202513F-HRJul 15, 20251$70.5M canonicalSEC ↗
Q1 202513F-HRMay 5, 20251$85.6M canonicalSEC ↗
Q4 202413F-HRJan 17, 20251$96.1M canonicalSEC ↗
Q3 202413F-HROct 28, 20241$92.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 20241$93.9M canonicalSEC ↗
Q1 202413F-HRMay 9, 20241$86.3M canonicalSEC ↗