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State of Tennessee, Department of Treasury Portfolio holdings
AUM
$29.8B
1-Year Est. Return
29.48%
This Fund
S&P 500
This Quarter
Est. Return
-2.92%
1 Year Est. Return
+29.48%
3 Year Est. Return
+87.58%
5 Year Est. Return
+114.9%
10 Year Est. Return
+444.03%
AUM
$24.8B
AUM Growth
+$869M
(+3.6%)
Cap. Flow
+$1.84B
Cap. Flow
% of AUM
7.43%
Top 10 Holdings %
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$602M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$277M |
| 3 |
Vanguard Long-Term Corporate Bond ETF
VCLT
|
+$276M |
| 4 |
iShares MBS ETF
MBB
|
+$271M |
| 5 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$231M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$71M |
| 2 |
Coca-Cola
KO
|
+$68.5M |
| 3 |
Mastercard
MA
|
+$59M |
| 4 |
PepsiCo
PEP
|
+$50.7M |
| 5 |
Archer Daniels Midland
ADM
|
+$49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.35% |
| 2 | Financials | 9.67% |
| 3 | Healthcare | 8.91% |
| 4 | Consumer Discretionary | 7.95% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
COPT Defense Properties
CDP
$4.23B
| $15.8M | 0.06% |
662,656
+316,368
| +91% | +$8M |
|
252
Synchrony
SYF
$26.1B
| $15.7M | 0.06% |
514,665
+443,994
| +628% | +$14.8M |
|
253
JPMorgan BetaBuilders MSCI US REIT ETF
BBRE
$1.27B
| $15.6M | 0.06% |
+200,000
| New | +$16.8M |
|
254
United Rentals
URI
$69.7B
| $15.5M | 0.06% |
34,927
+16,833
| +93% | +$7.7M |
|
255
3M
MMM
$94.2B
| $15.1M | 0.06% |
193,296
+54,219
| +39% | +$4.66M |
|
256
Ingersoll Rand
IR
$32.7B
| $15M | 0.06% |
235,949
+9,245
| +4% | +$615K |
|
257
W.R. Berkley
WRB
$26.2B
| $15M | 0.06% |
354,554
-137,787
| -28% | -$5.71M |
|
258
Charter Communications
CHTR
$18.7B
| $14.8M | 0.06% |
33,757
+17,239
| +104% | +$7.17M |
|
259
Franco-Nevada
FNV
$44.7B
| $14.8M | 0.06% |
110,579
| – | – |
|
|
B
260
Barrick Mining
B
$67.3B
| $14.7M | 0.06% |
1,006,749
| – | – |
|
261
Vulcan Materials
VMC
$36B
| $14.7M | 0.06% |
72,547
+29,178
| +67% | +$6.35M |
|
262
Quanta Services
PWR
$101B
| $14.6M | 0.06% |
78,302
+38,851
| +98% | +$7.79M |
|
263
Paychex
PAYX
$44.6B
| $14.6M | 0.06% |
126,766
-398,400
| -76% | -$48M |
|
264
Airbnb
ABNB
$111B
| $14.5M | 0.06% |
+105,469
| New | +$14.6M |
|
265
Federal Realty Investment Trust
FRT
$10.3B
| $14.5M | 0.06% |
159,551
+59,463
| +59% | +$5.86M |
|
|
GREK
266
Global X MSCI Greece ETF
GREK
$331M
| $14.4M | 0.06% |
433,978
| – | – |
|
267
Edwards Lifesciences
EW
$53.4B
| $14.4M | 0.06% |
207,345
-245,686
| -54% | -$19.7M |
|
268
CoStar Group
CSGP
$13.4B
| $14.2M | 0.06% |
184,841
+81,946
| +80% | +$6.79M |
|
269
Delta Air Lines
DAL
$60B
| $14.1M | 0.06% |
381,972
+191,408
| +100% | +$8.31M |
|
270
American Electric Power
AEP
$68.3B
| $14M | 0.06% |
185,594
+105,466
| +132% | +$8.58M |
|
271
Ametek
AME
$58.7B
| $13.9M | 0.06% |
94,323
+39,223
| +71% | +$6.13M |
|
272
Lennar Class A
LEN
$21.1B
| $13.9M | 0.06% |
127,827
+26,737
| +26% | +$3.14M |
|
273
Moody's
MCO
$84.6B
| $13.8M | 0.06% |
43,647
+782
| +2% | +$266K |
|
|
HES
274
DELISTED
Hess
HES
| $13.7M | 0.06% |
89,598
+17,025
| +23% | +$2.56M |
|
275
Kimberly-Clark
KMB
$36.8B
| $13.6M | 0.06% |
112,641
+23,258
| +26% | +$3M |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q3 2023 Portfolio in Review
As of Q3 2023, State of Tennessee, Department of Treasury held 1,768 positions worth $24.8B, up 3.6% from $23.9B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
State of Tennessee, Department of Treasury deployed $1.84B of net new capital in Q3 2023, opening 61 new positions and adding to 590 existing holdings. Its largest new stake was Kenvue: 1,004,827 shares worth $20.2M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 21% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Marathon Petroleum, an estimated $71M trimmed.
- State of Tennessee, Department of Treasury's largest Q3 2023 buy was Kenvue: 1,004,827 shares worth $20.2M.
- State of Tennessee, Department of Treasury added most to Vanguard Morningstar Total Stock Market ETF in Q3 2023, an estimated $602M increase.
- State of Tennessee, Department of Treasury's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $71M.
- State of Tennessee, Department of Treasury fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $23.5M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 26% of its $24.8B portfolio in Q3 2023.
- State of Tennessee, Department of Treasury opened 61 new positions and closed 169 in Q3 2023.
- State of Tennessee, Department of Treasury's portfolio value rose 3.6% quarter-over-quarter to $24.8B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2023, filed 14 Nov 2023.