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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
+12.23%
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
$25.5B
AUM Growth
+$751M
Cap. Flow
-$1.82B
Cap. Flow %
-7.13%
Top 10 Hldgs %
24.28%
Holding
1,726
New
127
Increased
533
Reduced
647
Closed
69

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$47.8M
2
ANGL icon
VanEck Fallen Angel High Yield Bond ETF
ANGL
+$41.5M
3
LULU icon
lululemon athletica
LULU
+$27.9M
4
PGR icon
Progressive
PGR
+$25.8M
5
VZ icon
Verizon
VZ
+$18.3M

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$496M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$230M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$228M
4
MBB icon
iShares MBS ETF
MBB
+$216M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$183M

Sector Composition

Rank Sector Weight
1 Technology 20.77%
2 Financials 10.74%
3 Healthcare 9.11%
4 Consumer Discretionary 8.86%
5 Industrials 7.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ON icon
501
ON Semiconductor
ON
$32.4B
$5.57M 0.02%
66,699
-115,655
-63% -$9.09M
VOYA icon
502
Voya Financial
VOYA
$9.19B
$5.57M 0.02%
76,287
– –
AFG icon
503
American Financial Group
AFG
$12B
$5.55M 0.02%
46,660
– –
ENPH icon
504
Enphase Energy
ENPH
$5.48B
$5.54M 0.02%
41,936
+4,770
+13% +$506K
PNFP icon
505
Pinnacle Financial Partners Inc
PNFP
$16.3B
$5.53M 0.02%
63,400
-38,642
-38% -$2.8M
RJF icon
506
Raymond James Financial
RJF
$34.9B
$5.45M 0.02%
48,911
+19,049
+64% +$1.96M
FIX icon
507
Comfort Systems
FIX
$62.6B
$5.45M 0.02%
26,480
+3,748
+16% +$693K
BURL icon
508
Burlington
BURL
$22.1B
$5.45M 0.02%
+28,000
New +$4.18M
DKS icon
509
Dick's Sporting Goods
DKS
$18.1B
$5.44M 0.02%
37,044
-8,800
-19% -$1.07M
PRI icon
510
Primerica
PRI
$9.61B
$5.43M 0.02%
26,377
-15,200
-37% -$3.11M
CFR icon
511
Cullen/Frost Bankers
CFR
$10.5B
$5.43M 0.02%
50,018
-43,900
-47% -$4.26M
TXRH icon
512
Texas Roadhouse
TXRH
$13.6B
$5.4M 0.02%
44,212
-8,000
-15% -$855K
SSD icon
513
Simpson Manufacturing
SSD
$7.93B
$5.38M 0.02%
27,185
– –
CTVA icon
514
Corteva
CTVA
$51B
$5.36M 0.02%
111,937
– –
QLYS icon
515
Qualys
QLYS
$6.51B
$5.36M 0.02%
27,293
-7,278
-21% -$1.27M
PVH icon
516
PVH
PVH
$3.78B
$5.35M 0.02%
43,811
-6,600
-13% -$591K
EXE
517
Expand Energy Corp
EXE
$22.1B
$5.34M 0.02%
69,404
+46,800
+207% +$3.84M
CMI icon
518
Cummins
CMI
$87.8B
$5.32M 0.02%
22,204
– –
WEC icon
519
WEC Energy
WEC
$35.7B
$5.32M 0.02%
63,181
-79,635
-56% -$6.56M
CBSH icon
520
Commerce Bancshares
CBSH
$8.67B
$5.32M 0.02%
109,753
-18,868
-15% -$814K
CASY icon
521
Casey's General Stores
CASY
$31.6B
$5.3M 0.02%
19,289
-17,114
-47% -$4.68M
KNX icon
522
Knight Transportation
KNX
$12B
$5.22M 0.02%
90,615
-8,280
-8% -$434K
BRBR icon
523
BellRing Brands
BRBR
$1.26B
$5.22M 0.02%
94,228
-37,206
-28% -$1.79M
VTR icon
524
Ventas
VTR
$46.4B
$5.2M 0.02%
104,290
+43,153
+71% +$1.93M
BALL icon
525
Ball Corp
BALL
$16.3B
$5.18M 0.02%
89,998
+41,562
+86% +$2.14M
19 20
21
22 23

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State of Tennessee, Department of Treasury's Q4 2023 Portfolio in Review

As of Q4 2023, State of Tennessee, Department of Treasury held 1,726 positions worth $25.5B, up 3% from $24.8B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

State of Tennessee, Department of Treasury withdrew a net $1.82B in Q4 2023, closing 69 positions and reducing 647 holdings. Its most notable exit was Invesco Senior Loan ETF, an estimated $69.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.

Against the trend, State of Tennessee, Department of Treasury opened a new position in Uber worth $56.3M.

  • State of Tennessee, Department of Treasury's largest Q4 2023 buy was Uber: 914,357 shares worth $56.3M.
  • State of Tennessee, Department of Treasury added most to VanEck Fallen Angel High Yield Bond ETF in Q4 2023, an estimated $41.5M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2023 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $496M.
  • State of Tennessee, Department of Treasury fully exited Invesco Senior Loan ETF in Q4 2023, selling an estimated $69.5M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 24% of its $25.5B portfolio in Q4 2023.
  • State of Tennessee, Department of Treasury opened 127 new positions and closed 69 in Q4 2023.
  • State of Tennessee, Department of Treasury's portfolio value rose 3% quarter-over-quarter to $25.5B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2023, filed 14 Feb 2024.