WWD Insider Trading

Insider Ownership Percentage: 0.71%
Insider Buying (Last 12 Months): $0.00
Insider Selling (Last 12 Months): $28,320,434.86

Woodward Insider Trading History Chart

This chart shows the insider buying and selling history at Woodward by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

Woodward Share Price & Price History

Current Price: $430.08
Price Change: +0.30 (1.20%)
As of 06/18/2026 04:00 PM ET

This chart shows the closing price history over time for WWD up to the past year.

Skip Chart and Table DataPrice Data in Insider Trading History Table
Days: 30 | 90 | 365

Woodward Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
6/4/2026Daniel G. KorteDirectorSell14,700$356.05$5,233,935.004,434View SEC Filing Icon  
5/20/2026Karrie M BemEVPSell185$355.00$65,675.003,648View SEC Filing Icon  
5/18/2026Karrie M BemEVPSell185$352.48$65,208.803,833View SEC Filing Icon  
5/15/2026Karrie M BemEVPSell279$361.44$100,841.764,018View SEC Filing Icon  
5/14/2026Karrie M BemEVPSell280$372.66$104,344.804,297View SEC Filing Icon  
3/10/2026Charles P. BlankenshipCEOSell2,625$384.80$1,010,100.0065,854View SEC Filing Icon  
3/9/2026Charles P. BlankenshipCEOSell5,000$367.40$1,837,000.0065,854View SEC Filing Icon  
3/5/2026Charles P. BlankenshipCEOSell5,000$384.75$1,923,750.0065,829View SEC Filing Icon  
3/3/2026Charles P. BlankenshipCEOSell5,000$384.64$1,923,200.0065,829View SEC Filing Icon  
3/3/2026Shawn M. McLevigeEVPSell1,850$384.37$711,084.503,095View SEC Filing Icon  
2/5/2026Eileen P PatersonDirectorSell5,200$378.15$1,966,380.002,538View SEC Filing Icon  
2/4/2026John D. CohnDirectorSell2,250$369.62$831,645.0021,575View SEC Filing Icon  
12/15/2025Thomas G. CromwellCOOSell5,000$297.88$1,489,400.0015,135View SEC Filing Icon  
12/10/2025Thomas G. CromwellCOOSell5,000$287.15$1,435,750.0015,135View SEC Filing Icon  
12/8/2025Thomas G. CromwellCOOSell5,000$303.61$1,518,050.0015,135View SEC Filing Icon  
12/4/2025Gregg C. SengstackDirectorSell7,000$300.76$2,105,320.009,610View SEC Filing Icon  
12/3/2025Thomas G. CromwellCOOSell5,000$298.49$1,492,450.0015,135View SEC Filing Icon  
12/1/2025Thomas G. CromwellCOOSell5,000$299.39$1,496,950.0015,135View SEC Filing Icon  
11/28/2025Thomas G. CromwellCOOSell5,000$296.26$1,481,300.0015,135View SEC Filing Icon  
11/26/2025John D. CohnDirectorSell3,000$296.33$888,990.0021,575View SEC Filing Icon  
9/8/2025John D. CohnDirectorSell1,750$244.32$427,560.0020,963View SEC Filing Icon  
7/3/2025Randall HobbsEVPSell846$250.00$211,500.0048,981View SEC Filing Icon  
6/18/2025Randall HobbsEVPSell500$240.00$120,000.0049,827View SEC Filing Icon  
6/4/2025Charles P. BlankenshipCEOSell2,450$230.85$565,582.5064,739View SEC Filing Icon  
6/4/2025Terence J. VoskuilEVPSell10,000$231.03$2,310,300.004,945View SEC Filing Icon  
6/3/2025Charles P. BlankenshipCEOSell5,000$228.41$1,142,050.0067,189View SEC Filing Icon  
6/3/2025Randall HobbsEVPSell500$230.00$115,000.0050,268View SEC Filing Icon  
5/29/2025Charles P. BlankenshipCEOSell5,000$215.98$1,079,900.0073,117View SEC Filing Icon  
5/27/2025Charles P. BlankenshipCEOSell5,000$213.39$1,066,950.0073,117View SEC Filing Icon  
5/22/2025Charles P. BlankenshipCEOSell5,000$205.57$1,027,850.0073,117View SEC Filing Icon  
5/20/2025Charles P. BlankenshipCEOSell5,000$214.38$1,071,900.0072,878View SEC Filing Icon  
5/1/2025John D. CohnDirectorSell2,800$191.52$536,256.0020,965View SEC Filing Icon  
3/26/2025Thomas G. CromwellCOOSell3,300$194.36$641,388.0015,477View SEC Filing Icon  
3/24/2025Thomas G. CromwellCOOSell10,000$186.49$1,864,900.0015,477View SEC Filing Icon  
3/19/2025Thomas G. CromwellCOOSell10,000$184.50$1,845,000.0015,477View SEC Filing Icon  
3/3/2025Gregg C. SengstackDirectorSell4,600$187.86$864,156.0017,450View SEC Filing Icon  
12/5/2024Thomas G. CromwellCOOSell10,000$181.85$1,818,500.0011,511View SEC Filing Icon  
12/3/2024John D. CohnDirectorSell2,400$179.57$430,968.0020,963View SEC Filing Icon  
12/2/2024Thomas G. CromwellCOOSell10,000$179.54$1,795,400.0011,511View SEC Filing Icon  
11/29/2024Thomas G. CromwellCOOSell10,000$179.99$1,799,900.0011,511View SEC Filing Icon  
11/14/2024Thomas G. CromwellCOOSell7,913$175.13$1,385,803.6911,511View SEC Filing Icon  
11/11/2024Thomas G. CromwellCOOSell10,000$177.65$1,776,500.0011,511View SEC Filing Icon  
11/7/2024Thomas G. CromwellCOOSell10,000$174.50$1,745,000.0011,511View SEC Filing Icon  
5/2/2024Gregg C. SengstackDirectorSell6,000$167.01$1,002,060.0017,450View SEC Filing Icon  
3/1/2024Thomas G. CromwellCOOSell38,700$141.98$5,494,626.0011,833View SEC Filing Icon  
2/28/2024A. Christopher FawzyEVPSell11,000$140.00$1,540,000.004,836View SEC Filing Icon  
2/15/2024John D. CohnDirectorSell1,500$138.86$208,290.0020,531View SEC Filing Icon  
12/7/2023Randall HobbsInsiderSell404$133.60$53,974.4045,342View SEC Filing Icon  
11/30/2023John D. CohnDirectorSell2,500$136.49$341,225.0020,531View SEC Filing Icon  
8/31/2023A. Christopher FawzyVPSell5,000$130.00$650,000.004,989View SEC Filing Icon  
8/24/2023Rajeev BhallaDirectorBuy399$125.07$49,902.931,779View SEC Filing Icon  
8/7/2023A. Christopher FawzyVPSell4,079$128.16$522,764.644,989View SEC Filing Icon  
8/4/2023John D. CohnDirectorSell2,000$126.71$253,420.0020,000View SEC Filing Icon  
See Full Table

SEC Filings (Institutional Ownership Changes) for Woodward (NASDAQ:WWD)

81.18% of Woodward stock is owned by institutions. Institutional ownership can be a sign of analyst confidence in the fundamentals of the stock.

Institutional Buying and Selling by Quarter

This chart shows the instiutional buying and selling at WWD by year and by quarter.

Skip Institutional Buying and Selling Chart and Table DataRead Chart Data in Institutional Trading History Table

Woodward Institutional Trading History

Reporting DateHedge FundShares HeldMarket Value% of PortfolioQuarterly Change in SharesOwnership in CompanyDetails
6/18/2026Western Wealth Management LLC451$0.16M0.0%N/A0.001%Search for SEC Filing on Google Icon
6/18/2026Pacer Advisors Inc.11,692$4.19M0.0%+27.3%0.020%Search for SEC Filing on Google Icon
6/3/2026Parallel Advisors LLC115$41K0.0%+82.5%0.000%Search for SEC Filing on Google Icon
6/3/2026NewEdge Advisors LLC2,059$0.74M0.0%+1.5%0.003%Search for SEC Filing on Google Icon
6/2/2026Optiver Holding B.V.644$0.23M0.0%+1,977.4%0.001%Search for SEC Filing on Google Icon
6/1/2026Dala Group LLC885$0.32M0.3%N/A0.001%Search for SEC Filing on Google Icon
5/26/2026Glenmede Trust Co. NA16,492$5.90M0.0%-38.1%0.028%Search for SEC Filing on Google Icon
5/21/2026Argent Capital Management LLC16,806$6.02M0.2%+58.4%0.028%Search for SEC Filing on Google Icon
5/21/2026CTC Alternative Strategies Ltd.990$0.35M0.8%N/A0.002%Search for SEC Filing on Google Icon
5/19/2026Western Wealth Management LLC451$0.16M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/19/2026Bank of America Corp DE751,263$268.89M0.0%-6.9%1.261%Search for SEC Filing on Google Icon
5/19/2026Edgestream Partners L.P.568$0.20M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/19/2026Bull Harbor Capital LLC2,214$0.79M0.2%N/A0.004%Search for SEC Filing on Google Icon
5/19/2026South Dakota Investment Council2,066$0.74M0.0%N/A0.003%Search for SEC Filing on Google Icon
5/18/2026Amundi13,395$4.79M0.0%+1,599.9%0.022%Search for SEC Filing on Google Icon
5/18/2026EverSource Wealth Advisors LLC1,140$0.41M0.0%+27.7%0.002%Search for SEC Filing on Google Icon
5/18/2026California State Teachers Retirement System69,546$24.89M0.0%+22.3%0.117%Search for SEC Filing on Google Icon
5/18/2026Royal Bank of Canada70,721$25.31M0.0%+11.0%0.119%Search for SEC Filing on Google Icon
5/18/2026Regal Partners Ltd3,249$1.16M0.1%+62.5%0.005%Search for SEC Filing on Google Icon
5/18/2026East Coast Asset Management LLC.28,729$10.28M3.4%-1.1%0.048%Search for SEC Filing on Google Icon
5/18/2026Empowered Funds LLC29,000$10.38M0.1%-22.8%0.049%Search for SEC Filing on Google Icon
5/18/2026Evercore Wealth Management LLC2,000$0.72M0.0%-13.6%0.003%Search for SEC Filing on Google Icon
5/18/2026FACT Capital LP37,685$13.49M9.0%-6.5%0.063%Search for SEC Filing on Google Icon
5/16/2026The Manufacturers Life Insurance Company 30,587$10.95M0.0%-7.1%0.051%Search for SEC Filing on Google Icon
5/16/2026Hawk Ridge Capital Management LP342,121$122.45M4.5%-16.9%0.574%Search for SEC Filing on Google Icon
5/16/2026Quantinno Capital Management LP154,449$55.28M0.1%+44.1%0.259%Search for SEC Filing on Google Icon
5/16/2026Lazard Asset Management LLC4,453$1.59M0.0%-27.2%0.007%Search for SEC Filing on Google Icon
5/16/2026Castleark Management LLC2,720$0.97M0.0%N/A0.005%Search for SEC Filing on Google Icon
5/15/2026Bradley Foster & Sargent Inc. CT214,392$76.74M1.2%-22.4%0.360%Search for SEC Filing on Google Icon
5/15/2026Lombard Odier Asset Management USA Corp1,692$0.61M0.1%N/A0.003%Search for SEC Filing on Google Icon
5/15/2026Waverly Advisors LLC576$0.21M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/15/2026Entropy Technologies LP814$0.29M0.0%-63.7%0.001%Search for SEC Filing on Google Icon
5/14/2026Gabelli Funds LLC28,819$10.32M0.1%-0.4%0.048%Search for SEC Filing on Google Icon
5/14/2026Gamco Investors INC. ET AL68,480$24.51M0.2%-1.2%0.115%Search for SEC Filing on Google Icon
5/14/2026Public Employees Retirement System of Ohio33,881$12.13M0.0%-3.7%0.057%Search for SEC Filing on Google Icon
5/14/2026Arrowstreet Capital Limited Partnership250,014$89.49M0.0%+103.2%0.420%Search for SEC Filing on Google Icon
5/14/2026Inceptionr LLC1,246$0.45M0.1%N/A0.002%Search for SEC Filing on Google Icon
5/14/2026Bank of Nova Scotia42,900$15.36M0.0%+143.1%0.072%Search for SEC Filing on Google Icon
5/14/2026Sei Investments Co.904,404$323.71M0.3%+12.5%1.518%Search for SEC Filing on Google Icon
5/14/2026State of Wyoming2,782$1M0.1%-2.9%0.005%Search for SEC Filing on Google Icon
5/13/2026Cetera Investment Advisers8,200$2.94M0.0%+5.2%0.014%Search for SEC Filing on Google Icon
5/13/2026NewEdge Wealth LLC1,220$0.44M0.0%-13.6%0.002%Search for SEC Filing on Google Icon
5/13/2026First Trust Advisors LP529,213$189.42M0.1%-1.7%0.888%Search for SEC Filing on Google Icon
5/8/2026PNC Financial Services Group Inc.38,668$13.84M0.0%-33.0%0.065%Search for SEC Filing on Google Icon
5/8/2026JSF Financial LLC3,959$1.42M0.3%+19.2%0.007%Search for SEC Filing on Google Icon
5/7/2026Earned Wealth Advisors LLC731$0.26M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/7/2026Hollencrest Capital Management209$75K0.0%+1,800.0%0.000%Search for SEC Filing on Google Icon
5/7/2026Meeder Advisory Services Inc.758$0.27M0.0%+5.4%0.001%Search for SEC Filing on Google Icon
5/7/2026Dimensional Fund Advisors LP425,745$152.34M0.0%-18.6%0.715%Search for SEC Filing on Google Icon
5/7/2026Parallel Advisors LLC115$41K0.0%+82.5%0.000%Search for SEC Filing on Google Icon
5/7/2026Broderick Brian C575$0.21M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/7/2026KBC Group NV1,916$0.69M0.0%+6.9%0.003%Search for SEC Filing on Google Icon
5/7/2026Swiss National Bank119,500$42.77M0.0%+1.0%0.201%Search for SEC Filing on Google Icon
5/7/2026World Equity Group Inc.1,279$0.46M0.1%-28.9%0.002%Search for SEC Filing on Google Icon
5/7/2026ANB Bank796$0.29M0.1%N/A0.001%Search for SEC Filing on Google Icon
5/6/2026Jennison Associates LLC119,386$42.73M0.0%-30.9%0.200%Search for SEC Filing on Google Icon
5/6/2026California Public Employees Retirement System104,774$37.50M0.0%-0.4%0.176%Search for SEC Filing on Google Icon
5/6/2026Kera Capital Partners Inc.1,350$0.48M0.1%+4.9%0.002%Search for SEC Filing on Google Icon
5/6/2026Gryphon Financial Partners LLC1,305$0.47M0.0%-44.0%0.002%Search for SEC Filing on Google Icon
5/6/2026Catalyst Capital Advisors LLC6,650$2.38M0.0%N/A0.011%Search for SEC Filing on Google Icon
5/6/2026Assetmark Inc.532$0.19M0.0%-5.8%0.001%Search for SEC Filing on Google Icon
5/6/2026Bessemer Group Inc.1,116$0.40M0.0%+3.1%0.002%Search for SEC Filing on Google Icon
5/6/2026SteelPeak Wealth LLC7,825$2.80M0.1%-4.8%0.013%Search for SEC Filing on Google Icon
5/6/2026Allspring Global Investments Holdings LLC714$0.27M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/5/2026Bank of New York Mellon Corp450,655$161.30M0.0%-2.4%0.756%Search for SEC Filing on Google Icon
5/5/2026Sanctuary Advisors LLC8,884$3.18M0.0%-9.4%0.015%Search for SEC Filing on Google Icon
5/4/2026Calamos Advisors LLC1,035$0.37M0.0%N/A0.002%Search for SEC Filing on Google Icon
5/4/2026Empirical Financial Services LLC d.b.a. Empirical Wealth Management2,157$0.77M0.0%+18.7%0.004%Search for SEC Filing on Google Icon
5/4/2026Archer Investment Corp579$0.21M0.0%N/A0.001%Search for SEC Filing on Google Icon
5/4/2026State of Michigan Retirement System14,310$5.12M0.0%+0.7%0.024%Search for SEC Filing on Google Icon
5/4/2026Principal Financial Group Inc.133,044$47.62M0.0%+3.2%0.223%Search for SEC Filing on Google Icon
5/4/2026Chicago Partners Investment Group LLC2,726$1M0.0%+35.2%0.005%Search for SEC Filing on Google Icon
5/4/2026Arbejdsmarkedets Tillaegspension68,665$24.58M0.6%-15.0%0.115%Search for SEC Filing on Google Icon
5/2/2026Associated Banc Corp61,163$21.89M0.6%-0.4%0.103%Search for SEC Filing on Google Icon
5/2/2026Diversify Wealth Management LLC2,504$0.90M0.0%N/A0.004%Search for SEC Filing on Google Icon
5/1/2026Commonwealth of Pennsylvania Public School Empls Retrmt SYS14,937$5.35M0.0%-0.5%0.025%Search for SEC Filing on Google Icon
5/1/2026Ferguson Wellman Capital Management Inc.1,207$0.43M0.0%-63.1%0.002%Search for SEC Filing on Google Icon
5/1/2026Citizens Financial Group Inc. RI1,114$0.40M0.0%+33.6%0.002%Search for SEC Filing on Google Icon
5/1/2026Fifth Third Bancorp31,046$11.11M0.0%+87.5%0.052%Search for SEC Filing on Google Icon
5/1/2026Sequoia Financial Advisors LLC20,532$7.35M0.0%-4.5%0.034%Search for SEC Filing on Google Icon
4/30/2026Hsbc Holdings PLC5,047$1.80M0.0%-49.8%0.008%Search for SEC Filing on Google Icon
4/30/2026Ibex Wealth Advisors26,303$9.41M0.9%N/A0.044%Search for SEC Filing on Google Icon
4/30/2026Kestra Advisory Services LLC1,071$0.38M0.0%-29.1%0.002%Search for SEC Filing on Google Icon
4/30/2026Sumitomo Mitsui Trust Group Inc.7,317$2.62M0.0%+44.7%0.012%Search for SEC Filing on Google Icon
4/30/2026Oregon Public Employees Retirement Fund12,246$4.38M0.1%+2.5%0.021%Search for SEC Filing on Google Icon
4/29/2026Jackson Thornton Wealth Management LLC676$0.26M0.0%N/A0.001%Search for SEC Filing on Google Icon
4/29/2026R Squared Ltd931$0.33M0.2%-32.8%0.002%Search for SEC Filing on Google Icon
4/28/2026NBT Bank N A NY933$0.33M0.0%-31.5%0.002%Search for SEC Filing on Google Icon
4/28/2026QRG Capital Management Inc.775$0.28M0.0%-17.0%0.001%Search for SEC Filing on Google Icon
4/27/2026TCI Wealth Advisors Inc.12,490$4.47M0.2%-0.4%0.021%Search for SEC Filing on Google Icon
4/27/2026HB Wealth Management LLC2,105$0.75M0.0%+54.1%0.004%Search for SEC Filing on Google Icon
4/27/2026PFG Investments LLC1,955$0.70M0.0%N/A0.003%Search for SEC Filing on Google Icon
4/27/2026New York State Teachers Retirement System58,933$21.09M0.0%-4.9%0.099%Search for SEC Filing on Google Icon
4/27/2026Private Advisor Group LLC7,207$2.58M0.0%-8.9%0.012%Search for SEC Filing on Google Icon
4/27/2026Y Intercept Hong Kong Ltd17,664$6.32M0.1%N/A0.030%Search for SEC Filing on Google Icon
4/27/2026Leonteq Securities AG237$85K0.0%-29.3%0.000%Search for SEC Filing on Google Icon
4/27/2026Elevation Point Wealth Partners LLC637$0.23M0.0%-49.2%0.001%Search for SEC Filing on Google Icon
4/27/2026Fideuram Intesa Sanpaolo Private Banking S.P.A.1,309$0.47M0.0%N/A0.002%Search for SEC Filing on Google Icon
4/25/2026Strs Ohio42,132$15.08M0.1%+565.1%0.071%Search for SEC Filing on Google Icon
4/25/2026Keybank National Association OH797$0.29M0.0%-29.6%0.001%Search for SEC Filing on Google Icon
Data available starting January 2016

See Full Table
Woodward logo
Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial. The Aerospace segment provides fuel pumps, metering units, actuators, air valves, specialty valves, fuel nozzles, and thrust reverser actuation systems for turbine engines and nacelles, and flight deck controls, actuators, servocontrols, motors, and sensors for aircraft. These products are used on commercial and private aircraft and rotorcraft, as well as on military fixed-wing aircraft and rotorcraft, guided weapons, and other defense systems. It also provides aftermarket maintenance, repair and overhaul, and other services to commercial airlines, repair facilities, military depots, third party repair shops, and other end users. This segment sells its products to original equipment manufacturers (OEMs), tier-one suppliers, and contractors, as well as through aftermarket sales of components, such as provisioning spares and replacements. The Industrial segment offers actuators, valves, pumps, fuel injection systems, solenoids, ignition systems, speed controls, electronics and software, and sensors. These products are used on industrial gas turbines, steam turbines, compressors, and reciprocating engines. This segment sells its aftermarket products, and other related services to OEMs through an independent network of distributors, as well as directly to end users. The company was founded in 1870 and is headquartered in Fort Collins, Colorado.
Read More on Woodward

Today's Range

Now: $430.08
Low: $426.32
High: $445.29

50 Day Range

MA: $373.50
Low: $341.76
High: $434.83

52 Week Range

Now: $430.08
Low: $233.31
High: $445.29

Volume

1,851,283 shs

Average Volume

813,789 shs

Market Capitalization

$25.63 billion

P/E Ratio

51.51

Dividend Yield

0.29%

Beta

0.89

Who are the company insiders with the largest holdings of Woodward?

Woodward's top insider shareholders include:
  1. John A Halbrook (Director)
  2. John A Halbrook (Director)
  3. Thomas A Gendron (Insider)
  4. Thomas A Gendron (CEO)
  5. Martin Val Glass (Insider)
  6. Charles P Blankenship (CEO)
  7. Robert F Weber Jr (CFO)
  8. Randall Hobbs (EVP)
  9. Paul Donovan (Director)
  10. Randall Hobbs (Insider)
Learn More about top insider investors at Woodward.

Who are the major institutional investors of Woodward?

Woodward's top institutional investors include:
  1. Sei Investments Co. — 1.52%
  2. Bank of America Corp DE — 1.26%
  3. First Trust Advisors LP — 0.89%
  4. Bank of New York Mellon Corp — 0.76%
  5. Dimensional Fund Advisors LP — 0.71%
  6. Hawk Ridge Capital Management LP — 0.57%
Learn More about top institutional investors of Woodward stock.

Which institutional investors are selling Woodward stock?

In the previous quarter, WWD stock was sold by these institutional investors:
  1. Dimensional Fund Advisors LP
  2. Hawk Ridge Capital Management LP
  3. Bradley Foster & Sargent Inc. CT
  4. Bank of America Corp DE
  5. Jennison Associates LLC
  6. PNC Financial Services Group Inc.
  7. Arbejdsmarkedets Tillaegspension
  8. Bank of New York Mellon Corp
In the last year, company insiders that have sold Woodward company stock include:
  1. Charles P Blankenship (CEO)
  2. Randall Hobbs (EVP)
  3. John D Cohn (Director)
  4. Thomas G Cromwell (COO)
  5. Gregg C Sengstack (Director)
  6. Daniel G Korte (Director)
  7. Karrie M Bem (EVP)
  8. Shawn M Mclevige (EVP)
  9. Eileen P Paterson (Director)
Learn More investors selling Woodward stock.

Which institutional investors are buying Woodward stock?

During the previous quarter, WWD stock was acquired by institutional investors including:
  1. Arrowstreet Capital Limited Partnership
  2. Sei Investments Co.
  3. Quantinno Capital Management LP
  4. Strs Ohio
  5. Ibex Wealth Advisors
  6. Bank of Nova Scotia
  7. Y Intercept Hong Kong Ltd
  8. Louisiana State Employees Retirement System