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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
+22.62%
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
$20.4B
AUM Growth
+$2.67B
(+15%)
Cap. Flow
-$826M
Cap. Flow
% of AUM
-4.04%
Top 10 Holdings %
Top 10 Hldgs %
23.9%
Holding
1,670
New
70
Increased
421
Reduced
1,054
Closed
90
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Abbott
ABT
|
+$61.7M |
| 2 |
Invesco Senior Loan ETF
BKLN
|
+$61M |
| 3 |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
MINT
|
+$60.6M |
| 4 |
IQVIA
IQV
|
+$56.6M |
| 5 |
Centene
CNC
|
+$55.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$84.4M |
| 2 |
Amgen
AMGN
|
+$68.2M |
| 3 |
CVS Health
CVS
|
+$67.8M |
| 4 |
Coca-Cola
KO
|
+$66.3M |
| 5 |
Cigna
CI
|
+$65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.3% |
| 2 | Financials | 11.55% |
| 3 | Healthcare | 11.24% |
| 4 | Communication Services | 8.2% |
| 5 | Consumer Discretionary | 7.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vanguard Long-Term Corporate Bond ETF
VCLT
$8.81B
| $139M | 0.68% |
1,306,627
-50,300
| -4% | -$5.15M |
|
27
Prologis
PLD
$135B
| $138M | 0.68% |
1,479,009
+423,219
| +40% | +$37.8M |
|
28
Bank of America
BAC
$448B
| $135M | 0.66% |
5,665,310
-458,906
| -7% | -$10.8M |
|
29
Netflix
NFLX
$320B
| $133M | 0.65% |
2,925,900
-258,510
| -8% | -$11M |
|
30
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$67.9B
| $133M | 0.65% |
1,392,923
-45,800
| -3% | -$4.21M |
|
31
PayPal
PYPL
$50.9B
| $132M | 0.65% |
759,979
-4,894
| -0.6% | -$676K |
|
32
Adobe
ADBE
$102B
| $129M | 0.63% |
295,598
-55,057
| -16% | -$20.4M |
|
33
Intel
INTC
$531B
| $128M | 0.63% |
2,138,997
-76,287
| -3% | -$4.56M |
|
34
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $121M | 0.59% |
3,122,302
-5,200
| -0.2% | -$190K |
|
35
Bristol-Myers Squibb
BMY
$132B
| $120M | 0.59% |
2,034,450
+10,685
| +0.5% | +$639K |
|
36
American Tower
AMT
$80.9B
| $119M | 0.58% |
459,972
-29,416
| -6% | -$7.28M |
|
|
37
Abbott
ABT
$193B
| $115M | 0.56% |
1,259,044
+682,581
| +118% | +$61.7M |
|
38
Walt Disney
DIS
$180B
| $114M | 0.56% |
1,025,872
+22,108
| +2% | +$2.44M |
|
39
iShares MBS ETF
MBB
$39.2B
| $112M | 0.55% |
1,015,895
-13,000
| -1% | -$1.44M |
|
40
AbbVie
ABBV
$443B
| $110M | 0.54% |
1,120,088
+478,035
| +74% | +$42.1M |
|
|
41
Invesco Senior Loan ETF
BKLN
$6.76B
| $109M | 0.53% |
5,086,300
+2,882,100
| +131% | +$61M |
|
42
Comcast
CMCSA
$91.9B
| $106M | 0.52% |
2,723,223
-260,581
| -9% | -$9.92M |
|
43
NextEra Energy
NEE
$179B
| $104M | 0.51% |
1,738,156
-289,028
| -14% | -$17.3M |
|
44
Merck
MRK
$333B
| $104M | 0.51% |
1,414,323
+587,328
| +71% | +$44.2M |
|
45
Thermo Fisher Scientific
TMO
$222B
| $103M | 0.5% |
283,715
+38,279
| +16% | +$12.8M |
|
46
Citigroup
C
$232B
| $101M | 0.5% |
1,982,899
+329,902
| +20% | +$15.7M |
|
47
Union Pacific
UNP
$176B
| $97.4M | 0.48% |
575,932
-83,247
| -13% | -$13.3M |
|
48
iShares MSCI South Africa ETF
EZA
$559M
| $97.1M | 0.47% |
2,754,119
| – | – |
|
49
Cisco
CSCO
$445B
| $93.7M | 0.46% |
2,009,807
-650,553
| -24% | -$28.5M |
|
50
UnitedHealth
UNH
$361B
| $91.6M | 0.45% |
310,458
-198,256
| -39% | -$56.8M |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q2 2020 Portfolio in Review
As of Q2 2020, State of Tennessee, Department of Treasury held 1,670 positions worth $20.4B, up 15% from $17.8B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
State of Tennessee, Department of Treasury withdrew a net $826M in Q2 2020, closing 90 positions and reducing 1,054 holdings. Its most notable exit was Allergan plc, an estimated $31.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
Against the trend, State of Tennessee, Department of Treasury opened a new position in PIMCO Enhanced Short Maturity Active Exchange-Traded Fund worth $61.2M.
- State of Tennessee, Department of Treasury's largest Q2 2020 buy was PIMCO Enhanced Short Maturity Active Exchange-Traded Fund: 601,600 shares worth $61.2M.
- State of Tennessee, Department of Treasury added most to Abbott in Q2 2020, an estimated $61.7M increase.
- State of Tennessee, Department of Treasury's biggest Q2 2020 reduction was Apple, cutting an estimated $84.4M.
- State of Tennessee, Department of Treasury fully exited Allergan plc in Q2 2020, selling an estimated $31.1M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 24% of its $20.4B portfolio in Q2 2020.
- State of Tennessee, Department of Treasury opened 70 new positions and closed 90 in Q2 2020.
- State of Tennessee, Department of Treasury's portfolio value rose 15% quarter-over-quarter to $20.4B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q2 2020, filed 13 Aug 2020.