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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
ONTO icon
676
Onto Innovation
ONTO
$20.5B
$3.29M 0.01%
21,488
-4,864
-18% -$654K
BIPC icon
677
Brookfield Infrastructure
BIPC
$4.94B
$3.28M 0.01%
93,015
+73,992
+389% +$2.36M
DRI icon
678
Darden Restaurants
DRI
$25.4B
$3.26M 0.01%
19,869
– –
EXPD icon
679
Expeditors International
EXPD
$24.3B
$3.26M 0.01%
25,648
-5,810
-18% -$685K
NEU icon
680
NewMarket
NEU
$8.74B
$3.25M 0.01%
5,950
+3,150
+113% +$1.58M
ES icon
681
Eversource Energy
ES
$27.2B
$3.22M 0.01%
52,158
-102,249
-66% -$5.89M
CGNX icon
682
Cognex
CGNX
$10.9B
$3.22M 0.01%
77,062
-98,726
-56% -$3.79M
TECH icon
683
Bio-Techne
TECH
$11.2B
$3.22M 0.01%
41,676
+18,055
+76% +$1.19M
TRGP icon
684
Targa Resources
TRGP
$59.2B
$3.21M 0.01%
36,985
– –
CRL icon
685
Charles River Laboratories
CRL
$13.3B
$3.2M 0.01%
13,531
-1,694
-11% -$333K
FTI icon
686
TechnipFMC
FTI
$30.8B
$3.19M 0.01%
158,330
+12,288
+8% +$252K
MPT
687
Medical Properties Trust
MPT
$2.49B
$3.18M 0.01%
647,864
-224,600
-26% -$1.1M
LNC icon
688
Lincoln National
LNC
$8.75B
$3.17M 0.01%
117,573
+62,458
+113% +$1.5M
INMD icon
689
InMode
INMD
$872M
$3.16M 0.01%
142,039
+10,944
+8% +$246K
GBCI icon
690
Glacier Bancorp
GBCI
$6.49B
$3.15M 0.01%
+76,200
New +$2.59M
TDY icon
691
Teledyne Technologies
TDY
$31.4B
$3.15M 0.01%
7,053
– –
VTRS icon
692
Viatris
VTRS
$18.6B
$3.15M 0.01%
290,478
+107,412
+59% +$1.03M
OSK icon
693
Oshkosh
OSK
$9.46B
$3.14M 0.01%
28,941
+20,231
+232% +$1.96M
ASO icon
694
Academy Sports + Outdoors
ASO
$2.99B
$3.13M 0.01%
47,432
+7,602
+19% +$386K
CAMT icon
695
Camtek
CAMT
$7.54B
$3.11M 0.01%
44,822
-4,117
-8% -$251K
VRSN icon
696
VeriSign
VRSN
$25.9B
$3.1M 0.01%
15,052
– –
RRX icon
697
Regal Rexnord
RRX
$11.7B
$3.1M 0.01%
20,918
-21,234
-50% -$2.68M
ARW icon
698
Arrow Electronics
ARW
$10.7B
$3.07M 0.01%
25,100
+7,400
+42% +$883K
FYBR
699
DELISTED
Frontier Communications
FYBR
$3.06M 0.01%
120,600
-60,000
-33% -$1.21M
NDAQ icon
700
Nasdaq
NDAQ
$54.2B
$3.04M 0.01%
52,331
– –
26 27
28
29 30

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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.