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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
SWK icon
551
Stanley Black & Decker
SWK
$15.4B
$4.86M 0.02%
49,566
+26,737
+117% +$2.35M
NYT icon
552
New York Times
NYT
$10.4B
$4.86M 0.02%
99,241
-17,000
-15% -$750K
CMC icon
553
Commercial Metals
CMC
$7.99B
$4.84M 0.02%
96,717
-61,400
-39% -$2.8M
X
554
DELISTED
US Steel
X
$4.81M 0.02%
98,800
+15,500
+19% +$564K
ELF icon
555
e.l.f. Beauty
ELF
$5.51B
$4.81M 0.02%
33,296
+74
+0.2% +$8.54K
GRMN
556
Garmin
GRMN
$60.2B
$4.8M 0.02%
37,354
– –
GLPI icon
557
Gaming and Leisure Properties
GLPI
$12.7B
$4.72M 0.02%
+95,600
New +$4.42M
ESNT icon
558
Essent Group
ESNT
$6.23B
$4.68M 0.02%
88,691
-100,900
-53% -$4.94M
EFX icon
559
Equifax
EFX
$21.5B
$4.67M 0.02%
18,889
– –
UFPI icon
560
UFP Industries
UFPI
$4.99B
$4.66M 0.02%
37,104
-4,796
-11% -$518K
ARCC icon
561
Ares Capital
ARCC
$14.4B
$4.65M 0.02%
232,400
+154,200
+197% +$3.01M
KDP icon
562
Keurig Dr Pepper
KDP
$43B
$4.65M 0.02%
139,558
-180,300
-56% -$5.62M
INVH icon
563
Invitation Homes
INVH
$18.1B
$4.65M 0.02%
136,301
-70,933
-34% -$2.31M
MTG icon
564
MGIC Investment
MTG
$6.35B
$4.65M 0.02%
240,917
-552,400
-70% -$9.78M
ALGN icon
565
Align Technology
ALGN
$12.9B
$4.64M 0.02%
16,929
-12,368
-42% -$2.93M
USFD icon
566
US Foods
USFD
$23.7B
$4.63M 0.02%
102,021
+32,021
+46% +$1.32M
CACI icon
567
CACI
CACI
$14.7B
$4.62M 0.02%
14,280
+10,331
+262% +$3.35M
MUR icon
568
Murphy Oil
MUR
$4.97B
$4.62M 0.02%
108,400
+46,000
+74% +$2.01M
AOS icon
569
A.O. Smith
AOS
$8.48B
$4.6M 0.02%
55,828
+15,027
+37% +$1.11M
CRUS icon
570
Cirrus Logic
CRUS
$6.05B
$4.58M 0.02%
55,113
– –
OR icon
571
OR Royalties Inc
OR
$6.17B
$4.58M 0.02%
319,600
+200,700
+169% +$2.63M
FICO icon
572
Fair Isaac
FICO
$23.6B
$4.55M 0.02%
3,908
– –
FE icon
573
FirstEnergy
FE
$27.3B
$4.54M 0.02%
123,884
+36,520
+42% +$1.32M
SLM icon
574
SLM Corp
SLM
$5.24B
$4.54M 0.02%
237,474
-3,700
-2% -$55.9K
MRO
575
DELISTED
Marathon Oil Corporation
MRO
$4.54M 0.02%
187,861
-123,918
-40% -$3.19M
21 22
23
24 25

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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.