Employees Retirement System of Texas 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AT&T INC	COM	00206R102	26,631	1,210,500	SH		SOLE		1,210,500	0	0
AEGON LTD	AMER REG 1 CERT	0076CA104	2,064	322,957	SH		SOLE		322,957	0	0
AFFIRM HLDGS INC	COM CL A	00827B106	1,887	46,234	SH		SOLE		46,234	0	0
AGNICO EAGLE MINES LTD	COM	008474108	6,634	82,351	SH		SOLE		82,351	0	0
AGREE RLTY CORP	COM	008492100	1,925	25,550	SH		SOLE		25,550	0	0
ALAMOS GOLD INC NEW	COM CL A	011532108	112	5,595	SH		SOLE		5,595	0	0
ALEXANDRIA REAL ESTATE EQ IN	COM	015271109	11,875	100,000	SH		SOLE		100,000	0	0
ALLSTATE CORP	COM	020002101	8,987	47,389	SH		SOLE		47,389	0	0
ALLY FINL INC	COM	02005N100	53,001	1,489,200	SH		SOLE		1,489,200	0	0
ALNYLAM PHARMACEUTICALS INC	COM	02043Q107	2,311	8,403	SH		SOLE		8,403	0	0
ALPHABET INC	CAP STK CL C	02079K107	249,290	1,491,059	SH		SOLE		1,491,059	0	0
ALPHABET INC	CAP STK CL A	02079K305	80,157	483,308	SH		SOLE		483,308	0	0
ALTRIA GROUP INC	COM	02209S103	9,281	181,833	SH		SOLE		181,833	0	0
AMAZON COM INC	COM	023135106	337,846	1,813,160	SH		SOLE		1,813,160	0	0
AMBEV SA	SPONSORED ADR	02319V103	2,640	1,082,050	SH		SOLE		1,082,050	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	10,187	99,289	SH		SOLE		99,289	0	0
AMERICAN EXPRESS CO	COM	025816109	60,830	224,300	SH		SOLE		224,300	0	0
AMERICAN HOMES 4 RENT	CL A	02665T306	8,479	220,861	SH		SOLE		220,861	0	0
AMERICOLD REALTY TRUST INC	COM	03064D108	6,300	222,868	SH		SOLE		222,868	0	0
AMERIPRISE FINL INC	COM	03076C106	50,927	108,400	SH		SOLE		108,400	0	0
AMETEK INC	COM	031100100	66,936	389,820	SH		SOLE		389,820	0	0
ANNALY CAPITAL MANAGEMENT IN	COM NEW	035710839	3,500	174,410	SH		SOLE		174,410	0	0
ELEVANCE HEALTH INC	COM	036752103	65,572	126,100	SH		SOLE		126,100	0	0
APPLE INC	COM	037833100	461,021	1,978,631	SH		SOLE		1,978,631	0	0
APPLE HOSPITALITY REIT INC	COM NEW	03784Y200	2,925	197,000	SH		SOLE		197,000	0	0
APPLOVIN CORP	COM CL A	03831W108	11,177	85,612	SH		SOLE		85,612	0	0
ARCELORMITTAL SA LUXEMBOURG	NY REGISTRY SH	03938L203	200	7,633	SH		SOLE		7,633	0	0
ARCHER DANIELS MIDLAND CO	COM	039483102	2,421	40,520	SH		SOLE		40,520	0	0
AURORA INNOVATION INC	CLASS A COM	051774107	1,787	301,808	SH		SOLE		301,808	0	0
AUTOZONE INC	COM	053332102	69,301	22,000	SH		SOLE		22,000	0	0
AVALONBAY CMNTYS INC	COM	053484101	17,277	76,700	SH		SOLE		76,700	0	0
BCE INC	COM NEW	05534B760	624	17,943	SH		SOLE		17,943	0	0
BP PLC	SPONSORED ADR	055622104	10,333	329,178	SH		SOLE		329,178	0	0
BANCOLOMBIA S A	SPON ADR PREF	05968L102	420	13,400	SH		SOLE		13,400	0	0
BANK AMERICA CORP	COM	060505104	5,578	140,575	SH		SOLE		140,575	0	0
BARCLAYS PLC	ADR	06738E204	7,595	625,101	SH		SOLE		625,101	0	0
BARRICK GOLD CORP	COM	067901108	490	24,647	SH		SOLE		24,647	0	0
BAXTER INTL INC	COM	071813109	2,810	74,015	SH		SOLE		74,015	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	49,888	108,390	SH		SOLE		108,390	0	0
BIOMARIN PHARMACEUTICAL INC	COM	09061G101	34,519	491,100	SH		SOLE		491,100	0	0
BIONTECH SE	SPONSORED ADS	09075V102	3,609	30,388	SH		SOLE		30,388	0	0
BLOCK H & R INC	COM	093671105	1,106	17,406	SH		SOLE		17,406	0	0
BXP INC	COM	101121101	7,346	91,300	SH		SOLE		91,300	0	0
BOSTON SCIENTIFIC CORP	COM	101137107	59,263	707,200	SH		SOLE		707,200	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,929	56,602	SH		SOLE		56,602	0	0
BROADCOM INC	COM	11135F101	159,885	926,869	SH		SOLE		926,869	0	0
CBOE GLOBAL MKTS INC	COM	12503M108	3,344	16,321	SH		SOLE		16,321	0	0
CGI INC	CL A SUB VTG	12532H104	329	2,862	SH		SOLE		2,862	0	0
THE CIGNA GROUP	COM	125523100	10,242	29,565	SH		SOLE		29,565	0	0
CME GROUP INC	COM	12572Q105	4,110	18,628	SH		SOLE		18,628	0	0
CVS HEALTH CORP	COM	126650100	7,265	115,540	SH		SOLE		115,540	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	51,225	189,000	SH		SOLE		189,000	0	0
CAMDEN PPTY TR	SH BEN INT	133131102	4,324	35,000	SH		SOLE		35,000	0	0
CANADIAN NATL RY CO	COM	136375102	885	7,552	SH		SOLE		7,552	0	0
CANADIAN NAT RES LTD	COM	136385101	2,608	78,520	SH		SOLE		78,520	0	0
CARETRUST REIT INC	COM	14174T107	3,981	129,000	SH		SOLE		129,000	0	0
CELESTICA INC	COM	15101Q207	1,523	29,800	SH		SOLE		29,800	0	0
CEMEX SAB DE CV	SPON ADR NEW	151290889	51	8,398	SH		SOLE		8,398	0	0
CENOVUS ENERGY INC	COM	15135U109	322	19,232	SH		SOLE		19,232	0	0
CENTERSPACE	COM	15202L107	1,903	27,000	SH		SOLE		27,000	0	0
CHARLES RIV LABS INTL INC	COM	159864107	39,473	200,400	SH		SOLE		200,400	0	0
CHART INDS INC	COM	16115Q308	2,741	22,080	SH		SOLE		22,080	0	0
CHENIERE ENERGY INC	COM NEW	16411R208	62,350	346,698	SH		SOLE		346,698	0	0
CHESAPEAKE ENERGY CORP	COM	165167735	9,323	113,352	SH		SOLE		113,352	0	0
CHEVRON CORP NEW	COM	166764100	2,711	18,410	SH		SOLE		18,410	0	0
CHEWY INC	CL A	16679L109	1,313	44,832	SH		SOLE		44,832	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	57,620	1,000,000	SH		SOLE		1,000,000	0	0
CITIGROUP INC	COM NEW	172967424	10,941	174,780	SH		SOLE		174,780	0	0
CLOUDFLARE INC	CL A COM	18915M107	3,697	45,706	SH		SOLE		45,706	0	0
COCA COLA CO	COM	191216100	98,060	1,364,598	SH		SOLE		1,364,598	0	0
COLGATE PALMOLIVE CO	COM	194162103	67,744	652,577	SH		SOLE		652,577	0	0
COMCAST CORP NEW	CL A	20030N101	4,646	111,219	SH		SOLE		111,219	0	0
CIA ENERGETICA DE MINAS GERA	SP ADR N-V PFD	204409601	356	172,995	SH		SOLE		172,995	0	0
COMPANIA CERVECERIAS UNIDAS	SPONSORED ADR	204429104	66	5,694	SH		SOLE		5,694	0	0
CONAGRA BRANDS INC	COM	205887102	4,050	124,530	SH		SOLE		124,530	0	0
CONOCOPHILLIPS	COM	20825C104	3,120	29,640	SH		SOLE		29,640	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	54,965	213,300	SH		SOLE		213,300	0	0
COPT DEFENSE PROPERTIES	SHS BEN INT	22002T108	2,426	80,000	SH		SOLE		80,000	0	0
COSTCO WHSL CORP NEW	COM	22160K105	99,422	112,149	SH		SOLE		112,149	0	0
COSTAR GROUP INC	COM	22160N109	2,269	30,072	SH		SOLE		30,072	0	0
COURSERA INC	COM	22266M104	609	76,724	SH		SOLE		76,724	0	0
COUSINS PPTYS INC	COM NEW	222795502	1,445	49,000	SH		SOLE		49,000	0	0
CROWDSTRIKE HLDGS INC	CL A	22788C105	51,551	183,803	SH		SOLE		183,803	0	0
CROWN HLDGS INC	COM	228368106	3,410	35,568	SH		SOLE		35,568	0	0
CUBESMART	COM	229663109	3,957	73,500	SH		SOLE		73,500	0	0
DBX ETF TR	XTRACK USD HIGH	233051432	470,065	12,732,000	PRN		SOLE		12,732,000	0	0
DATADOG INC	CL A COM	23804L103	70,879	616,021	SH		SOLE		616,021	0	0
DELTA AIR LINES INC DEL	COM NEW	247361702	6,955	136,944	SH		SOLE		136,944	0	0
DENALI THERAPEUTICS INC	COM	24823R105	1,275	43,769	SH		SOLE		43,769	0	0
DENTSPLY SIRONA INC	COM	24906P109	3,444	127,259	SH		SOLE		127,259	0	0
DEVON ENERGY CORP NEW	COM	25179M103	1,643	42,000	SH		SOLE		42,000	0	0
DIGITAL RLTY TR INC	COM	253868103	24,760	152,999	SH		SOLE		152,999	0	0
DISNEY WALT CO	COM	254687106	65,318	679,057	SH		SOLE		679,057	0	0
DOLLAR GEN CORP NEW	COM	256677105	3,713	43,900	SH		SOLE		43,900	0	0
DOMINION ENERGY INC	COM	25746U109	2,555	44,216	SH		SOLE		44,216	0	0
DOORDASH INC	CL A	25809K105	5,560	38,952	SH		SOLE		38,952	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,217	27,899	SH		SOLE		27,899	0	0
DUOLINGO INC	CL A COM	26603R106	3,644	12,921	SH		SOLE		12,921	0	0
DOXIMITY INC	CL A	26622P107	1,272	29,203	SH		SOLE		29,203	0	0
EASTERLY GOVT PPTYS INC	COM	27616P103	2,431	179,000	SH		SOLE		179,000	0	0
EASTGROUP PPTYS INC	COM	277276101	6,707	35,900	SH		SOLE		35,900	0	0
EDISON INTL	COM	281020107	5,598	64,276	SH		SOLE		64,276	0	0
ELDORADO GOLD CORP NEW	COM	284902509	762	43,867	SH		SOLE		43,867	0	0
ELECTRONIC ARTS INC	COM	285512109	1,058	7,374	SH		SOLE		7,374	0	0
EMBRAER S.A.	SPONSORED ADS	29082A107	1,224	34,600	SH		SOLE		34,600	0	0
EMPIRE ST RLTY TR INC	CL A	292104106	3,125	282,000	SH		SOLE		282,000	0	0
ENBRIDGE INC	COM	29250N105	2,019	49,721	SH		SOLE		49,721	0	0
ENSIGN GROUP INC	COM	29358P101	1,049	7,294	SH		SOLE		7,294	0	0
ENTERGY CORP NEW	COM	29364G103	78,426	595,900	SH		SOLE		595,900	0	0
EQUINIX INC	COM	29444U700	44,204	49,800	SH		SOLE		49,800	0	0
EQUINOR ASA	SPONSORED ADR	29446M102	116	4,587	SH		SOLE		4,587	0	0
EQUITY LIFESTYLE PPTYS INC	COM	29472R108	8,937	125,272	SH		SOLE		125,272	0	0
EQUITY RESIDENTIAL	SH BEN INT	29476L107	15,489	208,020	SH		SOLE		208,020	0	0
TELEFONAKTIEBOLAGET LM ERICS	ADR B SEK 10	294821608	4,555	600,863	SH		SOLE		600,863	0	0
ESSENTIAL PPTYS RLTY TR INC	COM	29670E107	1,537	45,000	SH		SOLE		45,000	0	0
ESSEX PPTY TR INC	COM	297178105	5,702	19,300	SH		SOLE		19,300	0	0
EXELON CORP	COM	30161N101	4,065	100,254	SH		SOLE		100,254	0	0
EXPEDIA GROUP INC	COM NEW	30212P303	1,211	8,181	SH		SOLE		8,181	0	0
EXTRA SPACE STORAGE INC	COM	30225T102	16,532	91,745	SH		SOLE		91,745	0	0
EXXON MOBIL CORP	COM	30231G102	121,723	1,038,417	SH		SOLE		1,038,417	0	0
FMC CORP	COM NEW	302491303	5,023	76,180	SH		SOLE		76,180	0	0
META PLATFORMS INC	CL A	30303M102	240,019	419,291	SH		SOLE		419,291	0	0
FEDERAL RLTY INVT TR NEW	SH BEN INT NEW	313745101	6,783	59,000	SH		SOLE		59,000	0	0
FEDEX CORP	COM	31428X106	4,236	15,478	SH		SOLE		15,478	0	0
FIFTH THIRD BANCORP	COM	316773100	61,428	1,433,900	SH		SOLE		1,433,900	0	0
FIRST INDL RLTY TR INC	COM	32054K103	5,833	104,200	SH		SOLE		104,200	0	0
FIRSTENERGY CORP	COM	337932107	4,249	95,800	SH		SOLE		95,800	0	0
FOMENTO ECONOMICO MEXICANO S	SPON ADR UNITS	344419106	46,502	471,096	SH		SOLE		471,096	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	6,830	441,787	SH		SOLE		441,787	0	0
FORUM ENERGY TECHNOLOGIES IN	NOTE 9.000% 8/0	34984VAC4	6,449	6,585,505	PRN		SOLE		6,585,505	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	59,486	1,191,630	SH		SOLE		1,191,630	0	0
GALLAGHER ARTHUR J & CO	COM	363576109	62,746	223,000	SH		SOLE		223,000	0	0
GAMING & LEISURE PPTYS INC	COM	36467J108	9,167	178,164	SH		SOLE		178,164	0	0
GENERAL MTRS CO	COM	37045V100	6,290	140,280	SH		SOLE		140,280	0	0
GINKGO BIOWORKS HOLDINGS INC	CL A NEW	37611X209	44	5,432	SH		SOLE		5,432	0	0
GSK PLC	SPONSORED ADR	37733W204	6,856	167,711	SH		SOLE		167,711	0	0
GLOBAL PMTS INC	COM	37940X102	7,272	71,000	SH		SOLE		71,000	0	0
GRANITE REAL ESTATE INVT TR	UNIT 99/99/9999	387437114	95	1,549	SH		SOLE		1,549	0	0
GRAVITY CO LTD	SPONSORED ADS NE	38911N206	166	2,803	SH		SOLE		2,803	0	0
GUARDANT HEALTH INC	COM	40131M109	855	37,287	SH		SOLE		37,287	0	0
HDFC BANK LTD	SPONSORED ADS	40415F101	6,432	102,820	SH		SOLE		102,820	0	0
HARTFORD FINL SVCS GROUP INC	COM	416515104	66,920	569,000	SH		SOLE		569,000	0	0
HEALTHPEAK PROPERTIES INC	COM	42250P103	7,129	311,712	SH		SOLE		311,712	0	0
HIMAX TECHNOLOGIES INC	SPONSORED ADR	43289P106	121	22,010	SH		SOLE		22,010	0	0
HONEYWELL INTL INC	COM	438516106	78,255	378,572	SH		SOLE		378,572	0	0
HOST HOTELS & RESORTS INC	COM	44107P104	8,413	478,000	SH		SOLE		478,000	0	0
HOWARD HUGHES HOLDINGS INC	COM	44267T102	2,110	27,250	SH		SOLE		27,250	0	0
HUMANA INC	COM	444859102	52,484	165,700	SH		SOLE		165,700	0	0
HYATT HOTELS CORP	COM CL A	448579102	43,986	289,000	SH		SOLE		289,000	0	0
ICICI BANK LIMITED	ADR	45104G104	8,265	276,889	SH		SOLE		276,889	0	0
INFOSYS LTD	SPONSORED ADR	456788108	274	12,314	SH		SOLE		12,314	0	0
INSPIRE MED SYS INC	COM	457730109	1,811	8,580	SH		SOLE		8,580	0	0
INSULET CORP	COM	45784P101	1,687	7,250	SH		SOLE		7,250	0	0
INTERCONTINENTAL EXCHANGE IN	COM	45866F104	77,515	482,540	SH		SOLE		482,540	0	0
INTUIT	COM	461202103	68,310	110,000	SH		SOLE		110,000	0	0
INTUITIVE SURGICAL INC	COM NEW	46120E602	3,528	7,181	SH		SOLE		7,181	0	0
INVENTRUST PPTYS CORP	COM NEW	46124J201	1,844	65,000	SH		SOLE		65,000	0	0
INVESCO EXCHANGE TRADED FD T	S&P500 EQL WGT	46137V357	368,366	2,056,072	SH		SOLE		2,056,072	0	0
INVITATION HOMES INC	COM	46187W107	9,979	283,000	SH		SOLE		283,000	0	0
IRON MTN INC DEL	COM	46284V101	12,061	101,500	SH		SOLE		101,500	0	0
JPMORGAN CHASE & CO.	COM	46625H100	161,477	765,800	SH		SOLE		765,800	0	0
JOHNSON & JOHNSON	COM	478160104	4,826	29,781	SH		SOLE		29,781	0	0
KB FINL GROUP INC	SPONSORED ADR	48241A105	3,317	53,716	SH		SOLE		53,716	0	0
KT CORP	SPONSORED ADR	48268K101	484	31,468	SH		SOLE		31,468	0	0
KENVUE INC	COM	49177J102	1,921	83,041	SH		SOLE		83,041	0	0
KILROY RLTY CORP	COM	49427F108	5,515	142,500	SH		SOLE		142,500	0	0
KIMCO RLTY CORP	COM	49446R109	5,493	236,556	SH		SOLE		236,556	0	0
KINROSS GOLD CORP	COM	496902404	1,915	204,644	SH		SOLE		204,644	0	0
KITE RLTY GROUP TR	COM NEW	49803T300	2,550	96,000	SH		SOLE		96,000	0	0
KROGER CO	COM	501044101	8,380	146,250	SH		SOLE		146,250	0	0
LPL FINL HLDGS INC	COM	50212V100	39,175	168,400	SH		SOLE		168,400	0	0
LEMONADE INC	COM	52567D107	403	24,459	SH		SOLE		24,459	0	0
ELI LILLY & CO	COM	532457108	171,298	193,352	SH		SOLE		193,352	0	0
LINEAGE INC	COM	53566V106	2,645	33,745	SH		SOLE		33,745	0	0
LOWES COS INC	COM	548661107	62,566	231,000	SH		SOLE		231,000	0	0
MACERICH CO	COM	554382101	967	53,000	SH		SOLE		53,000	0	0
MAGNA INTL INC	COM	559222401	2,794	68,090	SH		SOLE		68,090	0	0
MASTERCARD INCORPORATED	CL A	57636Q104	158,786	321,559	SH		SOLE		321,559	0	0
MCKESSON CORP	COM	58155Q103	49,145	99,400	SH		SOLE		99,400	0	0
MERCADOLIBRE INC	COM	58733R102	4,360	2,125	SH		SOLE		2,125	0	0
MERCK & CO INC	COM	58933Y105	87,966	774,624	SH		SOLE		774,624	0	0
MICROSOFT CORP	COM	594918104	409,304	951,205	SH		SOLE		951,205	0	0
MICRON TECHNOLOGY INC	COM	595112103	56,065	540,594	SH		SOLE		540,594	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	10,404	65,477	SH		SOLE		65,477	0	0
MODERNA INC	COM	60770K107	2,562	38,329	SH		SOLE		38,329	0	0
MONDELEZ INTL INC	CL A	609207105	75,048	1,018,700	SH		SOLE		1,018,700	0	0
MONSTER BEVERAGE CORP NEW	COM	61174X109	36,399	697,700	SH		SOLE		697,700	0	0
MORGAN STANLEY	COM NEW	617446448	68,736	659,400	SH		SOLE		659,400	0	0
MOTOROLA SOLUTIONS INC	COM NEW	620076307	47,211	105,000	SH		SOLE		105,000	0	0
NRG ENERGY INC	COM NEW	629377508	4,336	47,600	SH		SOLE		47,600	0	0
NNN REIT INC	COM	637417106	4,286	88,394	SH		SOLE		88,394	0	0
NETFLIX INC	COM	64110L106	91,345	128,787	SH		SOLE		128,787	0	0
NEWMONT CORP	COM	651639106	64,193	1,201,000	SH		SOLE		1,201,000	0	0
NEXTERA ENERGY INC	COM	65339F101	10,269	121,487	SH		SOLE		121,487	0	0
NICE LTD	SPONSORED ADR	653656108	487	2,804	SH		SOLE		2,804	0	0
NISOURCE INC	COM	65473P105	71,615	2,066,800	SH		SOLE		2,066,800	0	0
NOKIA CORP	SPONSORED ADR	654902204	6,521	1,492,284	SH		SOLE		1,492,284	0	0
NOMURA HLDGS INC	SPONSORED ADR	65535H208	119	22,826	SH		SOLE		22,826	0	0
NOVARTIS AG	SPONSORED ADR	66987V109	2,639	22,943	SH		SOLE		22,943	0	0
NOVO-NORDISK A S	ADR	670100205	7,907	66,404	SH		SOLE		66,404	0	0
NVIDIA CORPORATION	COM	67066G104	475,012	3,911,497	SH		SOLE		3,911,497	0	0
OLD DOMINION FREIGHT LINE IN	COM	679580100	43,197	217,464	SH		SOLE		217,464	0	0
OMEGA HEALTHCARE INVS INC	COM	681936100	3,460	85,000	SH		SOLE		85,000	0	0
ON SEMICONDUCTOR CORP	COM	682189105	3,906	53,790	SH		SOLE		53,790	0	0
ORGANON & CO	COMMON STOCK	68622V106	1,750	91,480	SH		SOLE		91,480	0	0
PALO ALTO NETWORKS INC	COM	697435105	72,410	211,850	SH		SOLE		211,850	0	0
PARKER-HANNIFIN CORP	COM	701094104	110,565	174,994	SH		SOLE		174,994	0	0
PENUMBRA INC	COM	70975L107	777	3,999	SH		SOLE		3,999	0	0
PETROLEO BRASILEIRO SA PETRO	SPONSORED ADR	71654V408	4,980	345,563	SH		SOLE		345,563	0	0
PFIZER INC	COM	717081103	2,074	71,662	SH		SOLE		71,662	0	0
PHILIP MORRIS INTL INC	COM	718172109	21,060	173,480	SH		SOLE		173,480	0	0
PHILLIPS EDISON & CO INC	COMMON STOCK	71844V201	6,411	170,000	SH		SOLE		170,000	0	0
PINTEREST INC	CL A	72352L106	2,106	65,059	SH		SOLE		65,059	0	0
PROCTER AND GAMBLE CO	COM	742718109	93,689	540,928	SH		SOLE		540,928	0	0
PROGRESSIVE CORP	COM	743315103	4,134	16,291	SH		SOLE		16,291	0	0
PROLOGIS INC.	COM	74340W103	117,826	933,055	SH		SOLE		933,055	0	0
PUBLIC STORAGE OPER CO	COM	74460D109	28,968	79,611	SH		SOLE		79,611	0	0
REALOGY GRP LLC/REALOGY CO	NOTE 0.250% 6/1	75606DAP6	1,756	2,000,000	PRN		SOLE		2,000,000	0	0
REALTY INCOME CORP	COM	756109104	26,014	410,183	SH		SOLE		410,183	0	0
RECURSION PHARMACEUTICALS IN	CL A	75629V104	294	44,679	SH		SOLE		44,679	0	0
REGENCY CTRS CORP	COM	758849103	8,672	120,060	SH		SOLE		120,060	0	0
RELX PLC	SPONSORED ADR	759530108	3,456	72,828	SH		SOLE		72,828	0	0
REXFORD INDL RLTY INC	COM	76169C100	7,496	149,000	SH		SOLE		149,000	0	0
RIVIAN AUTOMOTIVE INC	COM CL A	76954A103	461	41,115	SH		SOLE		41,115	0	0
ROBLOX CORP	CL A	771049103	2,270	51,297	SH		SOLE		51,297	0	0
ROKU INC	COM CL A	77543R102	1,452	19,452	SH		SOLE		19,452	0	0
SHELL PLC	SPON ADS	780259305	4,254	64,510	SH		SOLE		64,510	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,567	51,912	SH		SOLE		51,912	0	0
SBA COMMUNICATIONS CORP NEW	CL A	78410G104	64,580	268,300	SH		SOLE		268,300	0	0
SPDR SER TR	S&P BIOTECH	78464A870	64,899	656,872	SH		SOLE		656,872	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	61,808	108,500	SH		SOLE		108,500	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	5,036	270,630	SH		SOLE		270,630	0	0
SALESFORCE INC	COM	79466L302	88,135	322,000	SH		SOLE		322,000	0	0
SAMSARA INC	COM CL A	79589L106	1,757	36,523	SH		SOLE		36,523	0	0
SANA BIOTECHNOLOGY INC	COM	799566104	123	29,456	SH		SOLE		29,456	0	0
SANOFI	SPONSORED ADR	80105N105	2,962	51,390	SH		SOLE		51,390	0	0
SAP SE	SPON ADR	803054204	1,264	5,516	SH		SOLE		5,516	0	0
SCHLUMBERGER LTD	COM STK	806857108	65,027	1,550,106	SH		SOLE		1,550,106	0	0
SEA LTD	SPONSORD ADS	81141R100	11,155	118,315	SH		SOLE		118,315	0	0
SERVICENOW INC	COM	81762P102	103,035	115,201	SH		SOLE		115,201	0	0
SHINHAN FINANCIAL GROUP CO L	SPN ADR RESTRD	824596100	657	15,505	SH		SOLE		15,505	0	0
SHOPIFY INC	CL A	82509L107	6,921	86,360	SH		SOLE		86,360	0	0
SILICON MOTION TECHNOLOGY CO	SPONSORED ADR	82706C108	1,448	23,833	SH		SOLE		23,833	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	25,958	153,579	SH		SOLE		153,579	0	0
SIRIUSXM HOLDINGS INC	COMMON STOCK	829933100	2,623	110,910	SH		SOLE		110,910	0	0
SNOWFLAKE INC	CL A	833445109	1,240	10,800	SH		SOLE		10,800	0	0
SOUTHERN CO	COM	842587107	10,951	121,431	SH		SOLE		121,431	0	0
SPROUT SOCIAL INC	COM CL A	85209W109	553	19,035	SH		SOLE		19,035	0	0
BLOCK INC	CL A	852234103	1,647	24,536	SH		SOLE		24,536	0	0
STAG INDL INC	COM	85254J102	1,603	41,000	SH		SOLE		41,000	0	0
STRYKER CORPORATION	COM	863667101	57,802	160,000	SH		SOLE		160,000	0	0
SUN CMNTYS INC	COM	866674104	6,487	48,000	SH		SOLE		48,000	0	0
SUNCOR ENERGY INC NEW	COM	867224107	656	17,763	SH		SOLE		17,763	0	0
SWEETGREEN INC	COM CL A	87043Q108	2,626	74,084	SH		SOLE		74,084	0	0
TJX COS INC NEW	COM	872540109	71,229	606,000	SH		SOLE		606,000	0	0
T-MOBILE US INC	COM	872590104	64,107	310,657	SH		SOLE		310,657	0	0
TAKEDA PHARMACEUTICAL CO LTD	SPONSORED ADS	874060205	80	5,630	SH		SOLE		5,630	0	0
TANGER INC	COM	875465106	4,148	125,000	SH		SOLE		125,000	0	0
TARGET CORP	COM	87612E106	2,393	15,352	SH		SOLE		15,352	0	0
TEMPUS AI INC	CL A	88023B103	1,695	29,948	SH		SOLE		29,948	0	0
TERNIUM SA	SPONSORED ADS	880890108	583	15,791	SH		SOLE		15,791	0	0
TESLA INC	COM	88160R101	92,524	353,643	SH		SOLE		353,643	0	0
TEVA PHARMACEUTICAL INDS LTD	SPONSORED ADS	881624209	382	21,180	SH		SOLE		21,180	0	0
THE TRADE DESK INC	COM CL A	88339J105	9,486	86,512	SH		SOLE		86,512	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	80,229	129,700	SH		SOLE		129,700	0	0
THOMSON REUTERS CORP.	COM	884903808	378	2,218	SH		SOLE		2,218	0	0
TOLL BROTHERS INC	COM	889478103	38,607	249,900	SH		SOLE		249,900	0	0
TRACTOR SUPPLY CO	COM	892356106	41,021	141,000	SH		SOLE		141,000	0	0
TRANSDIGM GROUP INC	COM	893641100	86,383	60,529	SH		SOLE		60,529	0	0
TYSON FOODS INC	CL A	902494103	4,298	72,170	SH		SOLE		72,170	0	0
UDR INC	COM	902653104	6,053	133,513	SH		SOLE		133,513	0	0
UNITEDHEALTH GROUP INC	COM	91324P102	16,211	27,726	SH		SOLE		27,726	0	0
VANGUARD TAX-MANAGED FDS	VAN FTSE DEV MKT	921943858	195,722	3,706,161	SH		SOLE		3,706,161	0	0
VANGUARD SCOTTSDALE FDS	INTER TERM TREAS	92206C706	1,298,124	21,485,000	PRN		SOLE		21,485,000	0	0
VENTAS INC	COM	92276F100	13,621	212,399	SH		SOLE		212,399	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	9,411	96,604	PRN		SOLE		96,604	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	53,710	226,425	SH		SOLE		226,425	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	8,721	194,193	SH		SOLE		194,193	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	54,879	118,000	SH		SOLE		118,000	0	0
VERTIV HOLDINGS CO	COM CL A	92537N108	45,577	458,107	SH		SOLE		458,107	0	0
VIATRIS INC	COM	92556V106	2,013	173,408	SH		SOLE		173,408	0	0
VICI PPTYS INC	COM	925652109	76,686	2,302,200	SH		SOLE		2,302,200	0	0
VISA INC	COM CL A	92826C839	10,939	39,786	SH		SOLE		39,786	0	0
VONTIER CORPORATION	COM	928881101	2,787	82,610	SH		SOLE		82,610	0	0
WP CAREY INC	COM	92936U109	7,538	121,000	SH		SOLE		121,000	0	0
WEC ENERGY GROUP INC	COM	92939U106	37,799	393,000	SH		SOLE		393,000	0	0
WALMART INC	COM	931142103	118,731	1,470,356	SH		SOLE		1,470,356	0	0
WASTE MGMT INC DEL	COM	94106L109	49,633	239,079	SH		SOLE		239,079	0	0
WATSCO INC	COM	942622200	2,813	5,718	SH		SOLE		5,718	0	0
WAYFAIR INC	CL A	94419L101	1,543	27,457	SH		SOLE		27,457	0	0
WELLS FARGO CO NEW	COM	949746101	68,743	1,216,900	SH		SOLE		1,216,900	0	0
WELLTOWER INC	COM	95040Q104	38,281	299,000	SH		SOLE		299,000	0	0
WORKDAY INC	CL A	98138H101	3,089	12,637	SH		SOLE		12,637	0	0
XCEL ENERGY INC	COM	98389B100	4,500	68,920	SH		SOLE		68,920	0	0
YALLA GROUP LTD	ADS	98459U103	289	63,751	SH		SOLE		63,751	0	0
YETI HLDGS INC	COM	98585X104	838	20,412	SH		SOLE		20,412	0	0
ZOETIS INC	CL A	98978V103	61,349	314,000	SH		SOLE		314,000	0	0
DEUTSCHE BANK A G	NAMEN AKT	D18190898	697	40,261	SH		SOLE		40,261	0	0
AON PLC	SHS CL A	G0403H108	3,711	10,726	SH		SOLE		10,726	0	0
AXIS CAP HLDGS LTD	SHS	G0692U109	4,506	56,605	SH		SOLE		56,605	0	0
BBB FOODS INC	CL A COM	G0896C103	5,554	185,122	SH		SOLE		185,122	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	87,805	248,402	SH		SOLE		248,402	0	0
CREDICORP LTD	COM	G2519Y108	3,965	21,910	SH		SOLE		21,910	0	0
EATON CORP PLC	SHS	G29183103	84,585	255,205	SH		SOLE		255,205	0	0
EVEREST GROUP LTD	COM	G3223R108	9,305	23,748	SH		SOLE		23,748	0	0
GEOPARK LTD	USD SHS	G38327105	25	3,116	SH		SOLE		3,116	0	0
HAMILTON INSURANCE GROUP LTD	CL B	G42706104	127	6,574	SH		SOLE		6,574	0	0
ICON PLC	SHS	G4705A100	35,655	124,100	SH		SOLE		124,100	0	0
JAZZ PHARMACEUTICALS PLC	SHS USD	G50871105	2,538	22,780	SH		SOLE		22,780	0	0
MEDTRONIC PLC	SHS	G5960L103	9,710	107,848	SH		SOLE		107,848	0	0
LIBERTY GLOBAL LTD	COM CL A	G61188101	4,820	228,334	SH		SOLE		228,334	0	0
NU HLDGS LTD	ORD SHS CL A	G6683N103	5,478	401,329	SH		SOLE		401,329	0	0
PAGSEGURO DIGITAL LTD	COM CL A	G68707101	114	13,280	SH		SOLE		13,280	0	0
ROYALTY PHARMA PLC	SHS CLASS A	G7709Q104	2,767	97,800	SH		SOLE		97,800	0	0
SHARKNINJA INC	COM SHS	G8068L108	1,305	12,009	SH		SOLE		12,009	0	0
TORM PLC	SHS CL A	G89479102	1,178	34,450	SH		SOLE		34,450	0	0
VTEX	SHS CL A	G9470A102	338	45,402	SH		SOLE		45,402	0	0
WILLIS TOWERS WATSON PLC LTD	SHS	G96629103	10,585	35,940	SH		SOLE		35,940	0	0
WNS HLDGS LTD	COM SHS	G98196101	664	12,596	SH		SOLE		12,596	0	0
CHUBB LIMITED	COM	H1467J104	11,421	39,604	SH		SOLE		39,604	0	0
LOGITECH INTL S A	SHS	H50430232	58	651	SH		SOLE		651	0	0
GLOBANT S A	COM	L44385109	54,904	277,096	SH		SOLE		277,096	0	0
SPOTIFY TECHNOLOGY S A	SHS	L8681T102	4,542	12,325	SH		SOLE		12,325	0	0
CAMTEK LTD	ORD	M20791105	1,083	13,562	SH		SOLE		13,562	0	0
CHECK POINT SOFTWARE TECH LT	ORD	M22465104	5,669	29,400	SH		SOLE		29,400	0	0
CYBERARK SOFTWARE LTD	SHS	M2682V108	230	789	SH		SOLE		789	0	0
NOVA LTD	COM	M7516K103	60	288	SH		SOLE		288	0	0
ODDITY TECH LTD	SHS CL A	M7518J104	674	16,686	SH		SOLE		16,686	0	0
TOWER SEMICONDUCTOR LTD	SHS NEW	M87915274	65	1,458	SH		SOLE		1,458	0	0
WIX COM LTD	SHS	M98068105	173	1,036	SH		SOLE		1,036	0	0
AERCAP HOLDINGS NV	SHS	N00985106	6,159	65,018	SH		SOLE		65,018	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	63,747	265,600	SH		SOLE		265,600	0	0
BETTERWARE DE MEXC S A P I D	SHS	P1666E105	32	2,500	SH		SOLE		2,500	0	0
ROYAL CARIBBEAN GROUP	COM	V7780T103	44,340	250,000	SH		SOLE		250,000	0	0