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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
+4.74%
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
$31.3B
AUM Growth
+$1.24B
(+4.1%)
Cap. Flow
-$287M
Cap. Flow
% of AUM
-0.92%
Top 10 Holdings %
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$211M |
| 2 |
Applovin
APP
|
+$43.1M |
| 3 |
Sea Limited
SE
|
+$26M |
| 4 |
TotalEnergies
TTE
|
+$25.5M |
| 5 |
CRH
CRH
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Taiwan ETF
EWT
|
+$244M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$88.6M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$69.2M |
| 4 |
Ferrari
RACE
|
+$54.5M |
| 5 |
iShares MSCI India ETF
INDA
|
+$43.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.95% |
| 2 | Financials | 11.36% |
| 3 | Consumer Discretionary | 8.16% |
| 4 | Communication Services | 7.8% |
| 5 | Industrials | 7.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
Ingersoll Rand
IR
$32.6B
| $7.15M | 0.02% |
83,029
-1,201
| -1% | -$94.8K |
|
477
Albemarle
ALB
$16.1B
| $7.14M | 0.02% |
41,825
+6,042
| +17% | +$686K |
|
478
Lennar Class A
LEN
$20.8B
| $7.13M | 0.02% |
65,168
-39,532
| -38% | -$4.77M |
|
479
Revvity
RVTY
$13.1B
| $7.12M | 0.02% |
65,470
-56,231
| -46% | -$5.4M |
|
480
Tenet Healthcare
THC
$21.5B
| $7.1M | 0.02% |
37,491
+223
| +0.6% | +$45.1K |
|
|
SGI
481
Somnigroup International
SGI
$14B
| $7.08M | 0.02% |
80,627
-1,367
| -2% | -$119K |
|
482
Emcor
EME
$37.3B
| $7.02M | 0.02% |
9,736
+7,104
| +270% | +$4.6M |
|
483
Twilio
TWLO
$36.3B
| $7.01M | 0.02% |
58,163
-2,491
| -4% | -$309K |
|
484
Tyson Foods
TSN
$20.6B
| $6.95M | 0.02% |
106,441
-20,347
| -16% | -$1.12M |
|
485
Entegris
ENTG
$24.5B
| $6.92M | 0.02% |
58,645
-2,511
| -4% | -$218K |
|
486
Elbit Systems
ESLT
$36.6B
| $6.91M | 0.02% |
+9,719
| New | +$4.87M |
|
487
CMS Energy
CMS
$22.2B
| $6.9M | 0.02% |
96,466
-15,448
| -14% | -$1.12M |
|
488
Agilent Technologies
A
$42B
| $6.89M | 0.02% |
51,491
+18,106
| +54% | +$2.6M |
|
489
MKS Inc
MKSI
$20.8B
| $6.89M | 0.02% |
29,270
-4,237
| -13% | -$628K |
|
490
Hecla Mining
HL
$12.6B
| $6.89M | 0.02% |
305,944
+237,944
| +350% | +$3.63M |
|
491
Universal Health Services
UHS
$10.1B
| $6.86M | 0.02% |
34,078
-14,170
| -29% | -$3.13M |
|
492
Carpenter Technology
CRS
$26.7B
| $6.84M | 0.02% |
21,526
-1,724
| -7% | -$519K |
|
493
Jones Lang LaSalle
JLL
$16.9B
| $6.82M | 0.02% |
19,062
-816
| -4% | -$256K |
|
|
TLN
494
Talen Energy Corp
TLN
$17.7B
| $6.82M | 0.02% |
19,565
-264
| -1% | -$103K |
|
495
Public Service Enterprise Group
PEG
$37.9B
| $6.77M | 0.02% |
82,144
-58,940
| -42% | -$4.81M |
|
496
XPO
XPO
$24.9B
| $6.76M | 0.02% |
45,659
-1,955
| -4% | -$266K |
|
497
Dow Inc
DOW
$22.4B
| $6.71M | 0.02% |
243,724
+71,166
| +41% | +$1.64M |
|
498
Reliance Steel & Aluminium
RS
$21.7B
| $6.7M | 0.02% |
20,321
-1,897
| -9% | -$533K |
|
499
International Flavors & Fragrances
IFF
$21.3B
| $6.68M | 0.02% |
95,739
+66,872
| +232% | +$4.33M |
|
500
Mueller Industries
MLI
$14.6B
| $6.68M | 0.02% |
98,110
+814
| +0.8% | +$43.8K |
|
Similar funds
PCH
N
State of Tennessee, Department of Treasury's Q4 2025 Portfolio in Review
As of Q4 2025, State of Tennessee, Department of Treasury held 1,819 positions worth $31.3B, up 4.1% from $30B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
State of Tennessee, Department of Treasury's Q4 2025 filing shows 92 new, 472 increased, 1,140 reduced and 92 closed positions. Its largest new stake was TSMC: 718,960 shares worth $238M. The largest sale was iShares MSCI Taiwan ETF, an estimated $244M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.
- State of Tennessee, Department of Treasury's largest Q4 2025 buy was TSMC: 718,960 shares worth $238M.
- State of Tennessee, Department of Treasury added most to Applovin in Q4 2025, an estimated $43.1M increase.
- State of Tennessee, Department of Treasury's biggest Q4 2025 reduction was iShares MSCI Taiwan ETF, cutting an estimated $244M.
- State of Tennessee, Department of Treasury fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2025, selling an estimated $69.2M.
- State of Tennessee, Department of Treasury's ten largest holdings make up 28% of its $31.3B portfolio in Q4 2025.
- State of Tennessee, Department of Treasury opened 92 new positions and closed 92 in Q4 2025.
- State of Tennessee, Department of Treasury's portfolio value rose 4.1% quarter-over-quarter to $31.3B.
Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2025, filed 18 Feb 2026.