Employees Retirement System of Texas Buys Vanguard FTSE All-Wld ex-US SmCp Idx, Materials Select Sector SPDR, Broadcom Inc, Sells iShares MSCI Japan Index Fund, WisdomTree Japan Hedged Equity Fund, SPDR S&P 500

• New Purchases: VSS, XLB, AVGO, SJNK, XLY, VICI, NVT, CSL, TAL, SIX,
• Added Positions: KO, HYLB, INTC, BIDU, EQIX, MRK, PVH, VOO, SPG, XOM,
• Reduced Positions: SPY, DWDP, ORCL, MSFT, HYG, DRI, VZ, LRCX, LBTYA, NSC,
• Sold Out: EWJ, DXJ, IJR, BMA, MON, NDSN, LBRDA, EIDO, SPB, FHN,

For the details of Employees Retirement System of Texas's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Employees+Retirement+System+of+Texas

1. Apple Inc (AAPL) - 873,800 shares, 2.27% of the total portfolio. Shares reduced by 5.4%
2. Microsoft Corp (MSFT) - 1,563,722 shares, 2.16% of the total portfolio. Shares reduced by 11.14%
3. Amazon.com Inc (AMZN) - 87,176 shares, 2.08% of the total portfolio. Shares added by 6.08%
4. Xtrackers USD High Yield Corporate Bond (HYLB) - 2,950,000 shares, 2.03% of the total portfolio. Shares added by 13.46%
5. Vanguard FTSE All-Wld ex-US SmCp Idx (VSS) - 1,250,000 shares, 2.02% of the total portfolio. New Position

Employees Retirement System of Texas initiated holding in Vanguard FTSE All-Wld ex-US SmCp Idx. The purchase prices were between $114.25 and $122.19, with an estimated average price of $119.77. The stock is now traded at around $113.31. The impact to a portfolio due to this purchase was 2.02%. The holding were 1,250,000 shares as of 2018-06-30.

Employees Retirement System of Texas initiated holding in Materials Select Sector SPDR. The purchase prices were between $55.7 and $61, with an estimated average price of $58.61. The stock is now traded at around $58.68. The impact to a portfolio due to this purchase was 0.88%. The holding were 1,085,000 shares as of 2018-06-30.

Employees Retirement System of Texas initiated holding in Broadcom Inc. The purchase prices were between $225.25 and $270.23, with an estimated average price of $245.06. The stock is now traded at around $212.23. The impact to a portfolio due to this purchase was 0.41%. The holding were 121,328 shares as of 2018-06-30.

Employees Retirement System of Texas initiated holding in SPDR Bloomberg Barclays Short Term High Yield Bond. The purchase prices were between $27.18 and $27.55, with an estimated average price of $27.39. The stock is now traded at around $27.40. The impact to a portfolio due to this purchase was 0.36%. The holding were 947,084 shares as of 2018-06-30.

Employees Retirement System of Texas initiated holding in SPDR Select Sector Fund - Consumer Discretionary. The purchase prices were between $98.43 and $112.31, with an estimated average price of $105.69. The stock is now traded at around $112.72. The impact to a portfolio due to this purchase was 0.15%. The holding were 98,000 shares as of 2018-06-30.

Employees Retirement System of Texas initiated holding in VICI Properties Inc. The purchase prices were between $17.85 and $20.98, with an estimated average price of $19.28. The stock is now traded at around $20.15. The impact to a portfolio due to this purchase was 0.09%. The holding were 298,000 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in Coca-Cola Co by 246.27%. The purchase prices were between $41.55 and $44.88, with an estimated average price of $43.19. The stock is now traded at around $46.08. The impact to a portfolio due to this purchase was 0.31%. The holding were 710,900 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in Intel Corp by 99.71%. The purchase prices were between $48.76 and $57.08, with an estimated average price of $53.07. The stock is now traded at around $48.85. The impact to a portfolio due to this purchase was 0.19%. The holding were 546,800 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in Baidu Inc by 58.52%. The purchase prices were between $219.82 and $284.07, with an estimated average price of $249.09. The stock is now traded at around $220.10. The impact to a portfolio due to this purchase was 0.18%. The holding were 143,289 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in PVH Corp by 503.23%. The purchase prices were between $149.72 and $168.16, with an estimated average price of $157.37. The stock is now traded at around $153.74. The impact to a portfolio due to this purchase was 0.17%. The holding were 93,500 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in Equinix Inc by 221.42%. The purchase prices were between $381.93 and $429.89, with an estimated average price of $404.25. The stock is now traded at around $437.24. The impact to a portfolio due to this purchase was 0.17%. The holding were 40,097 shares as of 2018-06-30.

Employees Retirement System of Texas added to a holding in Merck & Co Inc by 83.09%. The purchase prices were between $53.27 and $62.59, with an estimated average price of $59.12. The stock is now traded at around $66.07. The impact to a portfolio due to this purchase was 0.17%. The holding were 437,219 shares as of 2018-06-30.

Employees Retirement System of Texas sold out a holding in iShares MSCI Japan Index Fund. The sale prices were between $57.91 and $61.62, with an estimated average price of $60.25.

Employees Retirement System of Texas sold out a holding in WisdomTree Japan Hedged Equity Fund. The sale prices were between $53.59 and $58.55, with an estimated average price of $56.58.

Employees Retirement System of Texas sold out a holding in iShares Core S&P Small-Cap. The sale prices were between $75.25 and $86.64, with an estimated average price of $81.5.

Employees Retirement System of Texas sold out a holding in Banco Macro SA. The sale prices were between $58.79 and $109.99, with an estimated average price of $85.95.

Employees Retirement System of Texas sold out a holding in Monsanto Co. The sale prices were between $116.6 and $127.95, with an estimated average price of $124.68.

Employees Retirement System of Texas sold out a holding in Nordson Corp. The sale prices were between $126.26 and $141.52, with an estimated average price of $132.16.