State of Tennessee, Department of Treasury’s Sapiens International SPNS Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-13,154	Closed	-$385K	–	1780
2025 Q2	$385K	Hold	13,154	–	–	﹤0.01%	1464
2025 Q1	$356K	Hold	13,154	–	–	﹤0.01%	1480
2024 Q4	$353K	Hold	13,154	–	–	﹤0.01%	1516
2024 Q3	$490K	Buy	13,154 +1,976	+18%	+$72K	﹤0.01%	1432
2024 Q2	$379K	Hold	11,178	–	–	﹤0.01%	1470
2024 Q1	$359K	Buy	11,178 +7,449	+200%	+$216K	﹤0.01%	1471
2023 Q4	$108K	Hold	3,729	–	–	﹤0.01%	1635
2023 Q3	$106K	Hold	3,729	–	–	﹤0.01%	1563
2023 Q2	$99.2K	Buy	+3,729	New	+$88K	﹤0.01%	1675
2021 Q1	–	Sell	-14,287	Closed	-$437K	–	1661
2020 Q4	$437K	Hold	14,287	–	–	﹤0.01%	1302
2020 Q3	$437K	Hold	14,287	–	–	﹤0.01%	1207
2020 Q2	$400K	Hold	14,287	–	–	﹤0.01%	1224
2020 Q1	$272K	Hold	14,287	–	–	﹤0.01%	1288
2019 Q4	$329K	Buy	14,287 +1,408	+11%	+$30.4K	﹤0.01%	1364
2019 Q3	$253K	Buy	12,879 +3,744	+41%	+$65.4K	﹤0.01%	1432
2019 Q2	$152K	Buy	9,135 +6,771	+286%	+$105K	﹤0.01%	1458
2019 Q1	$36K	Buy	+2,364	New	+$31.1K	﹤0.01%	1578

Other funds holding SPNS

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

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

HBK Investments Dallas, Texas $9.85B AUM 55.6% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

NTCM

Nine Ten Capital Management Chicago, Illinois $315M AUM 62.95% 1-Year Est. Return

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

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

SFM

Soros Fund Management New York $9.12B AUM 30.69% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

State of Tennessee, Department of Treasury's SPNS Position: Q3 2025 in Review

State of Tennessee, Department of Treasury sold out of Sapiens International (SPNS) in Q3 2025, closing a stake of 13,154 shares — an estimated $385K sold.

State of Tennessee, Department of Treasury first reported a position in SPNS in Q1 2019 and held it in 17 quarters. The position peaked at $490K in Q3 2024. 167 funds tracked by Wall St. Rank hold SPNS as of Q3 2025.

State of Tennessee, Department of Treasury reported no remaining Sapiens International position as of Q3 2025 after selling out during the quarter.
State of Tennessee, Department of Treasury sold 13,154 Sapiens International shares in Q3 2025, an estimated $385K.
State of Tennessee, Department of Treasury first reported a position in Sapiens International in Q1 2019 and held it in 17 quarters.
State of Tennessee, Department of Treasury's Sapiens International position peaked at $490K in Q3 2024.
167 funds tracked by Wall St. Rank held Sapiens International as of Q3 2025.

Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2025, filed 14 Nov 2025.