Employees Retirement System of Texas Boosts Home Depot Stake by 24.5%

The Employees Retirement System of Texas added significantly to its Home Depot position in the third quarter, purchasing 55,211 shares to bring its total holding to 280,162 shares valued at $113,519,000, according to the pension fund's most recent SEC Form 13F filing.

The 24.5% increase, reported March 13, 2026, pushed Home Depot to ERS' 19th largest holding, accounting for roughly 0.9% of the Texas pension fund's overall investment portfolio. The filing does not specify the timing of purchases within the quarter, since 13F filings capture end-of-quarter snapshots rather than intra-quarter transaction records.

ERS was not the only institution building exposure to the home improvement retailer during the period. Several smaller funds initiated new positions in the third quarter: Financially Speaking Inc entered with a stake worth $31,000, Dougherty Wealth Advisers LLC opened a position valued at approximately $38,000, AXS Investments LLC purchased roughly $38,000 worth of shares, and Marquette Asset Management LLC also initiated a position worth about $38,000. Sagard Holdings Management Inc. came in slightly earlier, acquiring a new stake valued at approximately $29,000 during the second quarter.

The broader ownership picture underscores how heavily Home Depot's shareholder base skews institutional: investors and hedge funds collectively own 70.86% of the company's outstanding stock.

Home Depot, traded on the New York Stock Exchange under the ticker HD, sits at the center of the housing and home improvement market, meaning institutional interest in the stock often tracks sentiment around consumer spending, renovation activity, and housing turnover. ERS has not publicly stated its rationale for expanding the position, and the 13F filing itself provides holdings data without accompanying investment commentary.

The filing was summarized by MarketBeat based on the quarterly 13F submitted to the Securities and Exchange Commission.