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State of Tennessee, Department of Treasury

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
+1.84%
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
$21.6B
AUM Growth
+$1.31B
Cap. Flow
+$885M
Cap. Flow %
4.1%
Top 10 Hldgs %
19.14%
Holding
1,669
New
113
Increased
1,028
Reduced
385
Closed
86

Top Buys

Rank Stock Value
1
RY icon
Royal Bank of Canada
RY
+$85.2M
2
TD icon
Toronto Dominion Bank
TD
+$79M
3
T icon
AT&T
T
+$77.9M
4
RTX icon
RTX Corp
RTX
+$77.6M
5
CBSH icon
Commerce Bancshares
CBSH
+$55.1M

Top Sells

Rank Stock Value
1
LIN icon
Linde
LIN
+$65.7M
2
COP icon
ConocoPhillips
COP
+$56M
3
VZ icon
Verizon
VZ
+$53.4M
4
EXC icon
Exelon
EXC
+$46.7M
5
HON icon
Honeywell
HON
+$42.6M

Sector Composition

Rank Sector Weight
1 Financials 14.37%
2 Technology 14.12%
3 Healthcare 9.9%
4 Industrials 8.81%
5 Communication Services 8.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MA icon
26
Mastercard
MA
$490B
$149M 0.69%
549,275
+35,455
+7% +$9.77M
MRK icon
27
Merck
MRK
$333B
$143M 0.67%
1,786,064
-223,797
-11% -$17.9M
CMCSA icon
28
Comcast
CMCSA
$91.9B
$142M 0.66%
3,160,650
+66,705
+2% +$2.96M
VCLT icon
29
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
$132M 0.61%
1,305,300
– –
EZA icon
30
iShares MSCI South Africa ETF
EZA
$559M
$131M 0.61%
2,754,119
– –
INTC icon
31
Intel
INTC
$530B
$129M 0.6%
2,512,618
+70,496
+3% +$3.47M
VCIT icon
32
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
$124M 0.57%
1,357,300
– –
C icon
33
Citigroup
C
$232B
$122M 0.56%
1,761,338
+175,103
+11% +$11.9M
NEE icon
34
NextEra Energy
NEE
$179B
$119M 0.55%
2,044,696
+466,596
+30% +$25.3M
CSCO icon
35
Cisco
CSCO
$445B
$118M 0.55%
2,392,146
-14,577
-0.6% -$758K
XOM icon
36
ExxonMobil
XOM
$656B
$118M 0.55%
1,667,920
-186,287
-10% -$13.5M
RY icon
37
Royal Bank of Canada
RY
$298B
$117M 0.54%
+1,091,807
New +$85.2M
VZ icon
38
Verizon
VZ
$198B
$117M 0.54%
1,939,881
-927,816
-32% -$53.4M
VEA icon
39
Vanguard FTSE Developed Markets ETF
VEA
$239B
$117M 0.54%
2,848,400
– –
UNP icon
40
Union Pacific
UNP
$176B
$116M 0.54%
717,508
+24,957
+4% +$4.2M
UNH icon
41
UnitedHealth
UNH
$361B
$116M 0.54%
534,072
+89,340
+20% +$21.6M
PFE icon
42
Pfizer
PFE
$153B
$116M 0.54%
3,395,911
+1,172,034
+53% +$42.6M
RTX icon
43
RTX Corp
RTX
$296B
$115M 0.54%
1,343,806
+934,718
+228% +$77.6M
MCD icon
44
McDonald's
MCD
$193B
$115M 0.53%
533,694
+11,348
+2% +$2.43M
LMT icon
45
Lockheed Martin
LMT
$138B
$114M 0.53%
292,603
+1,661
+0.6% +$625K
WFC icon
46
Wells Fargo
WFC
$266B
$114M 0.53%
2,255,097
+25,791
+1% +$1.22M
BA icon
47
Boeing
BA
$181B
$108M 0.5%
283,400
+8,483
+3% +$3.03M
TD icon
48
Toronto Dominion Bank
TD
$204B
$107M 0.5%
+1,389,720
New +$79M
MBB icon
49
iShares MBS ETF
MBB
$39.2B
$107M 0.49%
983,400
– –
MDT icon
50
Medtronic
MDT
$117B
$96.8M 0.45%
890,735
+190,227
+27% +$19.8M
1
2
3 4 5

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State of Tennessee, Department of Treasury's Q3 2019 Portfolio in Review

As of Q3 2019, State of Tennessee, Department of Treasury held 1,669 positions worth $21.6B, up 6.5% from $20.3B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

State of Tennessee, Department of Treasury deployed $885M of net new capital in Q3 2019, opening 113 new positions and adding to 1,028 existing holdings. Its largest new stake was Royal Bank of Canada: 1,091,807 shares worth $117M.

By sector, the portfolio is most concentrated in Financials at 14% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Linde, an estimated $65.7M trimmed.

  • State of Tennessee, Department of Treasury's largest Q3 2019 buy was Royal Bank of Canada: 1,091,807 shares worth $117M.
  • State of Tennessee, Department of Treasury added most to AT&T in Q3 2019, an estimated $77.9M increase.
  • State of Tennessee, Department of Treasury's biggest Q3 2019 reduction was Linde, cutting an estimated $65.7M.
  • State of Tennessee, Department of Treasury fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $41.5M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 19% of its $21.6B portfolio in Q3 2019.
  • State of Tennessee, Department of Treasury opened 113 new positions and closed 86 in Q3 2019.
  • State of Tennessee, Department of Treasury's portfolio value rose 6.5% quarter-over-quarter to $21.6B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2019, filed 30 Oct 2019.