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Employees' Retirement Fund of the City of Fort Worth

CIK:0001986812
Pension Fund
$3B AUM
13 holdings
Fort Worth, TX, United States
Founded:1945
Latest filing:Jun 30, 2025

The Employees' Retirement Fund of the City of Fort Worth is a public pension fund headquartered in Fort Worth, Texas. Established to provide defined benefit retirement and disability income to the municipal employees of the City of Fort Worth (excluding elected officials, board members, and part-time or temporary employees), the fund is governed by a board that includes employee representation and is financed by contributions from both employees and the city. It serves eligible employees who are vested after five years of service, offering financial security in retirement. The system dates back to at least 1945, with ongoing adaptations to contribution rates and benefits as determined by the city council and employee votes. Employee count and staff dedicated specifically to the pension fund are not publicly listed; most administration appears to be managed by city HR.

Investment Strategy

The Employees' Retirement Fund of the City of Fort Worth operates a defined benefit pension plan funded through employee and city contributions, as well as returns from professional investment management. Its strategy prioritizes sustainable, long-term growth and preservation of capital to meet future beneficiary obligations. Investments are diversified across asset classes to manage risk and optimize returns. The Fund employs both internal management and external investment managers, and its policy includes ongoing adjustments—such as risk-sharing mechanisms—to ensure the fund remains actuarially stable and compliant with city and state guidelines.

Latest 13F Filing Activity

Employees' Retirement Fund of the City of Fort Worth filed their most recent 13F report on Jun 30, 2025 disclosing 13 equity positions with a total 13F market value of $219M. The fund increased holdings in Vanguard, Vanguard, Invesco among other positions. Employees' Retirement Fund of the City of Fort Worth reduced exposure to Ishares, Vanguard, Ishares among others.

Top Buys
V
VMBSVanguard
+$9.3M
V
VBRVanguard
+$4.6M
X
XSHQInvesco
+$2.0M
V
VIGVanguard
+$1
E
EEMSIShares
-$0
Top Sells
V
VIGVanguard
+$1
I
IMCGIShares
-$0
V
VCLTVanguard
-$0
I
IQLTIShares
-$0
S
SJNKS&P
-$0

Top Holdings

M
MOATVanEck
+26.6%$58.2M
V
VCLTVanguard
+14.4%$31.6M
I
IQLTIShares
+9.7%$21.3M
S
SJNKS&P
+8.4%$18.3M
E
EEMSIShares
+7.3%$16.1M

Equity Positions (13)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
VanEck26.60%$58.2M661,874$74.98$93.79$0
Vanguard14.44%$31.6M416,500$74.96$75.90$0
IShares9.73%$21.3M537,000$33.61$43.22$0
S&P8.35%$18.3M726,800$24.64$25.48$0
IShares7.33%$16.1M288,694$55.08$64.85$0

Industry Allocation