State of Tennessee, Department of Treasury’s iShares Fallen Angels USD Bond ETF FALN Stock Holding History

State of Tennessee, Department of Treasury’s Portfolio FALN Stock Details FALN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$24.7M	Sell	926,000 -1,402,300	-60%	-$38.3M	0.08%	222
2025 Q4	$64.2M	Sell	2,328,300 -218,200	-9%	-$5.99M	0.21%	89
2025 Q3	$70.7M	Sell	2,546,500 -882,300	-26%	-$24M	0.24%	70
2025 Q2	$93.1M	Buy	3,428,800 +582,591	+20%	+$15.4M	0.33%	49
2025 Q1	$76.2M	Buy	2,846,209 +2,262,529	+388%	+$60.9M	0.29%	56
2024 Q4	$15.6M	Buy	+583,680	New	+$15.8M	0.06%	280
2023 Q4	–	Sell	-408,500	Closed	-$10.1M	–	1675
2023 Q3	$10.1M	Buy	+408,500	New	+$10.3M	0.04%	341
2023 Q2	–	Sell	-494,012	Closed	-$12.5M	–	1715
2023 Q1	$12.5M	Buy	+494,012	New	+$12.4M	0.06%	277
2022 Q4	–	Sell	-534,200	Closed	-$12.8M	–	1632
2022 Q3	$12.8M	Buy	+534,200	New	+$13.4M	0.06%	267

Other funds holding FALN

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

MERSOM

Municipal Employees' Retirement System of Michigan Lansing, Michigan $9.05B AUM 13.04% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

AAS

Annex Advisory Services Brookfield, Wisconsin $5.86B AUM 21.83% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Allworth Financial Folsom, California $23.6B AUM 20.99% 1-Year Est. Return

ETS

ESL Trust Services Rochester, New York $524M AUM 17.18% 1-Year Est. Return

AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State of Tennessee, Department of Treasury's FALN Position: Q1 2026 in Review

State of Tennessee, Department of Treasury reduced its iShares Fallen Angels USD Bond ETF (FALN) stake by 60% in Q1 2026, selling an estimated $38.3M and leaving 926,000 shares worth $24.7M. The position accounts for 0.08% of the portfolio, ranked #222.

State of Tennessee, Department of Treasury first reported a position in FALN in Q3 2022 and has held it in 9 quarters since. The position peaked at $93.1M in Q2 2025. 294 funds tracked by Wall St. Rank hold FALN as of Q1 2026.

State of Tennessee, Department of Treasury held 926,000 shares of iShares Fallen Angels USD Bond ETF worth $24.7M as of Q1 2026.
State of Tennessee, Department of Treasury sold 1,402,300 iShares Fallen Angels USD Bond ETF shares in Q1 2026, an estimated $38.3M.
iShares Fallen Angels USD Bond ETF made up 0.08% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #222 holding.
State of Tennessee, Department of Treasury first reported a position in iShares Fallen Angels USD Bond ETF in Q3 2022 and has held it in 9 quarters since.
State of Tennessee, Department of Treasury's iShares Fallen Angels USD Bond ETF position peaked at $93.1M in Q2 2025.
294 funds tracked by Wall St. Rank held iShares Fallen Angels USD Bond ETF as of Q1 2026.

Based on State of Tennessee, Department of Treasury's 13F filing for Q1 2026, filed 15 May 2026.