State of Tennessee, Department of Treasury’s MDU Resources MDU Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$946K	Hold	45,661	–	–	﹤0.01%	1218
2025 Q4	$937K	Sell	45,661 -61,035	-57%	-$1.2M	﹤0.01%	1218
2025 Q3	$1.9M	Buy	106,696 +11,678	+12%	+$195K	0.01%	949
2025 Q2	$1.58M	Buy	95,018 +2,257	+2%	+$38K	0.01%	979
2025 Q1	$1.57M	Buy	92,761 +4,933	+6%	+$85.2K	0.01%	991
2024 Q4	$1.58M	Sell	87,828 -76,589	-47%	-$1.34M	0.01%	1007
2024 Q3	$2.5M	Hold	164,417	–	–	0.01%	829
2024 Q2	$2.29M	Buy	+164,417	New	+$2.27M	0.01%	816
2023 Q3	–	Sell	-18,261	Closed	-$212K	–	1686
2023 Q2	$212K	Sell	18,261 -8,346	-31%	-$93.9K	﹤0.01%	1593
2023 Q1	$308K	Sell	26,607 -1,738	-6%	-$20.2K	﹤0.01%	1474
2022 Q4	$327K	Hold	28,345	–	–	﹤0.01%	1443
2022 Q3	$295K	Buy	28,345 +2,046	+8%	+$22.6K	﹤0.01%	1451
2022 Q2	$270K	Hold	26,299	–	–	﹤0.01%	1487
2022 Q1	$267K	Buy	+26,299	New	+$278K	﹤0.01%	1551
2021 Q4	–	Sell	-583,474	Closed	-$6.58M	–	1693
2021 Q3	$6.58M	Sell	583,474 -58,107	-9%	-$696K	0.03%	422
2021 Q2	$7.65M	Sell	641,581 -81,359	-11%	-$1.02M	0.03%	402
2021 Q1	$8.69M	Buy	722,940 +7,856	+1%	+$85.6K	0.04%	356
2020 Q4	$7.16M	Buy	715,084 +30,102	+4%	+$281K	0.03%	395
2020 Q3	$5.86M	Buy	684,982 +154,042	+29%	+$1.32M	0.03%	418
2020 Q2	$4.48M	Sell	530,940 -63,069	-11%	-$524K	0.02%	457
2020 Q1	$4.86M	Buy	594,009 +183,300	+45%	+$1.93M	0.03%	403
2019 Q4	$4.64M	Sell	410,709 -172,902	-30%	-$1.89M	0.02%	544
2019 Q3	$6.26M	Buy	583,611 +150,461	+35%	+$1.54M	0.03%	451
2019 Q2	$4.25M	Sell	433,150 -39,319	-8%	-$383K	0.02%	575
2019 Q1	$4.64M	Buy	472,469 +210,390	+80%	+$2.04M	0.02%	557
2018 Q4	$2.38M	Sell	262,079 -20,494	-7%	-$200K	0.01%	725
2018 Q3	$2.76M	Buy	282,573 +19,584	+7%	+$210K	0.01%	720
2018 Q2	$2.87M	Sell	262,989 -262,988	-50%	-$2.81M	0.01%	713
2018 Q1	$5.63M	Buy	525,977 +52,598	+11%	+$534K	0.03%	507
2017 Q4	$4.84M	Buy	473,379 +236,689	+100%	+$2.42M	0.02%	577
2017 Q3	$2.34M	Sell	236,690 -236,689	-50%	-$2.36M	0.01%	783
2017 Q2	$4.72M	Sell	473,379 -236,690	-33%	-$2.42M	0.02%	564
2017 Q1	$7.39M	Sell	710,069 -157,793	-18%	-$1.65M	0.03%	435
2016 Q4	$9.49M	Buy	867,862 +341,885	+65%	+$3.53M	0.05%	355
2016 Q3	$5.09M	Buy	+525,977	New	+$4.8M	0.02%	544
2015 Q2	–	Sell	-301,122	Closed	-$2.44M	–	1442
2015 Q1	$2.44M	Buy	301,122 +157,793	+110%	+$1.34M	0.01%	709
2014 Q4	$1.28M	Sell	143,329 -6,311	-4%	-$60.9K	0.01%	891
2014 Q3	$1.58M	Hold	149,640	–	–	0.01%	752
2014 Q2	$2M	Sell	149,640 -224,048	-60%	-$2.93M	0.01%	712
2014 Q1	$4.88M	Sell	373,688 -58,121	-13%	-$722K	0.03%	471
2013 Q4	$5.02M	Sell	431,809 -120,467	-22%	-$1.36M	0.03%	495
2013 Q3	$5.87M	Buy	+552,276	New	+$5.82M	0.04%	446

Other funds holding MDU

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

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $33B AUM 40.62% 1-Year Est. Return

VPM

Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

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

SEI Investments Oaks, Pennsylvania $108B AUM 26.14% 1-Year Est. Return

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

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

State of Tennessee, Department of Treasury held its MDU Resources (MDU) position steady in Q1 2026 at 45,661 shares worth $946K. The position accounts for ﹤0.01% of the portfolio, ranked #1218.

State of Tennessee, Department of Treasury first reported a position in MDU in Q3 2013 and has held it in 42 quarters since. The position peaked at $9.49M in Q4 2016. 419 funds tracked by Wall St. Rank hold MDU as of Q1 2026.

State of Tennessee, Department of Treasury held 45,661 shares of MDU Resources worth $946K as of Q1 2026.
State of Tennessee, Department of Treasury left its MDU Resources share count unchanged in Q1 2026.
MDU Resources made up ﹤0.01% of State of Tennessee, Department of Treasury's portfolio in Q1 2026, its #1218 holding.
State of Tennessee, Department of Treasury first reported a position in MDU Resources in Q3 2013 and has held it in 42 quarters since.
State of Tennessee, Department of Treasury's MDU Resources position peaked at $9.49M in Q4 2016.
419 funds tracked by Wall St. Rank held MDU Resources as of Q1 2026.

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