TEXAS PERMANENT SCHOOL FUND CORP
Strategy in plain words
auto-generated from filingsTEXAS PERMANENT SCHOOL FUND CORP is a wealth-management firm allocating client money, specialised in industrials (67% of the long book), running a $2.70B US long book across 11 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: INVESCO S&P 500 EQUAL WEIGHT, SS IG PUBL PRIV CRED ETF-USD, EATON VANCE FLOATING-RATE, INTECH SP LARG DIV ALPHA ETF, SS SPDR P S&P 400 MIDCAP ETF.
Over the last 9 quarters its long book ran on average 2.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/optionsSector allocation
Long book by quarter
What does TEXAS PERMANENT own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 11 | $2.70B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 7 | $2.19B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 7 | $3.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ARESTATEMENT | Feb 13, 2026 | 8 | $2.98B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Sep 24, 2025 | 1499 | $9.56B | SEC ↗ | |
| Q1 2025 | 13F-HR/ARESTATEMENT | Feb 13, 2026 | 8 | $2.81B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1505 | $10.38B | SEC ↗ | |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 5 | $1.70B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 5 | $597.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ARESTATEMENT | Feb 13, 2026 | 3 | $951.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 1483 | $11.16B | SEC ↗ | |
| Q1 2024 | 13F-HR | May 6, 2024 | 1517 | $12.67B | canonical | SEC ↗ |