1y return+8.6%S&P 500 +20.9%
3y return+30.6%S&P 500 +68.5%
5y return+31.6%S&P 500 +74.5%
10y return+164.1%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $264 against $357 in the S&P 500.2
Texas Permanent School Fund CorpS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| PRIVSsga Active Tr | $741.6M | 32.9% | |
| EVLNMorgan Stanley Etf Trust | $728.0M | 32.3% | |
| RSPInvesco Exchange Traded Fd T | $628.5M | 27.9% | −46.0% |
| LGDXTidal Trust III | $121.0M | 5.4% | |
| SPYState Str Spdr S&p 500 Etf T | $30.3M | 1.3% | |
| DLRDigital Rlty Tr Inc | $2.7M | 0.1% | New |
| VSHVishay Intertechnology Inc | $979K | 0.0% | New |
| LEGNLegend Biotech Corp | $671K | 0.0% | New |
| Torm PLCCUSIP G89479102 | $629K | 0.0% | New |
| ARXSArxis Inc | $461K | 0.0% | New |
| MAIRMadison Air Solutions Corp | $390K | 0.0% | New |
| AVEXAevex Corp | $209K | 0.0% | New |
| AAMIAcadian Asset Management Inc | $206K | 0.0% | New |
| HAWKHawkeye 360 Inc | $202K | 0.0% | New |
| HMHHmh Hldg Inc | $187K | 0.0% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| SPYState Str Spdr S&p 500 Etf T | June 30, 2023 | +68.5% | $30.3M |
| LGDXTidal Trust III | March 31, 2025 | +29.6% | $121.0M |
| RSPInvesco Exchange Traded Fd T | September 30, 2024 | +18.8% | $628.5M |
| PRIVSsga Active Tr | March 31, 2026 | −0.2% | $741.6M |
| EVLNMorgan Stanley Etf Trust | March 31, 2025 | −1.9% | $728.0M |
Sold off last quarter
- SPMDSpdr Series Trust was $30.9M
- SPSMSpdr Series Trust was $15.1M
- FPSForgent Power Solutions Inc was $878K
- MWHSolv Energy Inc was $751K
- EQPTEquipmentshare Com Inc was $509K
- BOBSBobs Disc Furniture Inc was $294K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.3% | +14.8% |
| March 31, 2026 | −0.8% | −4.6% |
| December 31, 2025 | +0.6% | +2.4% |
| September 30, 2025 | +3.3% | +7.8% |
| June 30, 2025 | +3.9% | +10.5% |
| March 31, 2025 | −2.1% | −4.6% |
| December 31, 2024 | −1.3% | +2.1% |
| September 30, 2024 | +1.1% | +5.4% |
| June 30, 2024 | +1.7% | +4.0% |
| March 31, 2024 | +9.1% | +10.0% |
| December 31, 2023 | +11.2% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +7.0% | +8.3% |
| March 31, 2023 | +5.8% | +7.0% |
| December 31, 2022 | +7.9% | +7.1% |
| September 30, 2022 | −4.7% | −5.3% |
| June 30, 2022 | −16.1% | −16.5% |
| March 31, 2022 | −5.1% | −4.9% |
| December 31, 2021 | +9.4% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Texas Permanent School Fund Corp Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1223779&type=13F-HR&dateb=&owner=include&count=40CIK 1223779
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1223779/000122377926000012/Filed July 23, 2026 · accession 0001223779-26-000012