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Texas Permanent School Fund Corp.
Texas Permanent School Fund Corporation (Texas PSF) is a sovereign wealth fund headquartered in Austin, Texas. Established as a component unit of the State of Texas, it manages and invests funds to support public education in the state. The corporation was formed to generate stable and sustained returns for the benefit of Texas public schools. While the roots of the Permanent School Fund date back to the mid-19th century, the Texas Permanent School Fund Corporation itself was formally created in 2021, with over 100 employees responsible for overseeing a diverse portfolio. Its primary beneficiaries are Texas public school students and educators.
Investment Strategy
Texas Permanent School Fund Corporation aims to provide permanent funding for Texas public schools by generating exceptional investment returns. The Fund invests across a diversified set of asset classes, including public and private equities, fixed income, alternative investments, and real assets such as real estate and infrastructure. The investment strategy emphasizes diversification, prudent risk management, and a long-term investment horizon to ensure the preservation and growth of capital for future generations of Texas students.
Latest 13F Filing Activity
Texas Permanent School Fund Corp. filed their most recent 13F report on Jun 30, 2025 disclosing 1,477 equity positions with a total 13F market value of $10B. The fund increased holdings in SPDR S&P 500 Etf TR, Invesco Exchange Traded FD T, SPDR Ser TR among other positions. Texas Permanent School Fund Corp. reduced exposure to Apple Inc., Microsoft Corp., Amazon Com Inc. among others.
Top Holdings
Equity Positions (1,477)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
R RSP | INVESCO EXCHANGE TRADED FD T | 17.48% | $1.67B | 9,190,491 | $175.84 | $181.74 | +$115.6M |
N NVDA | NVIDIA CORPORATION | 3.16% | $302.4M | 1,913,893 | $108.38 | $157.99 | -$4.9M |
M MSFT | MICROSOFT CORP | 3.05% | $291.3M | 585,663 | $375.39 | $497.41 | -$52.2M |
A AAPL | APPLE INC | 2.56% | $244.3M | 1,190,634 | $222.13 | $205.17 | -$131.8M |
S SPMD | SPDR SER TR | 1.70% | $162.2M | 2,982,043 | $54.69 | $54.38 | +$13.6M |
Industry Allocation
Investment Team (30)
| Name | Role | Location | |
|---|---|---|---|
 | Portfolio Manager | Austin, TX , United States | |
 | Analyst | Buda, TX , United States | |
 | Senior Vice President and Deputy Chief Investment Officer | Austin, TX , United States | |
 | Investment Officer | Austin, TX , United States | |
 | Portfolio Manager | Austin, TX , United States | |
 | Senior Investment Officer | Austin, TX , United States | |
 | Portfolio Manager - Private Equity | Austin, TX , United States | |
M Michael Hu | Senior Investment Officer | Houston, TX , United States | |
 | Sr. Investment Officer - Macroeconomics | Austin, TX , United States | |
 | Portfolio Manager - Private Equity | Austin, TX , United States |
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