TEXAS PERMANENT SCHOOL FUND CORP

1. Portfolio Overview

The Texas Permanent School Fund Corp (PSF) has undergone a dramatic restructuring of its portfolio during the quarter ending September 30, 2025. The total portfolio value plummeted by 67.9%, decreasing from $9.56 billion to $3.07 billion. This reduction is not solely attributable to market performance but is driven by a massive divestment strategy, evidenced by the liquidation of 45 individual stock positions. The fund has shifted from a diversified portfolio of indivi...