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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
-2.92%
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
$24.8B
AUM Growth
+$869M
Cap. Flow
+$1.84B
Cap. Flow %
7.43%
Top 10 Hldgs %
26.09%
Holding
1,768
New
61
Increased
590
Reduced
666
Closed
169

Top Buys

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$602M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$277M
3
VCLT icon
Vanguard Long-Term Corporate Bond ETF
VCLT
+$276M
4
MBB icon
iShares MBS ETF
MBB
+$271M
5
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$231M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$71M
2
KO icon
Coca-Cola
KO
+$68.5M
3
MA icon
Mastercard
MA
+$59M
4
PEP icon
PepsiCo
PEP
+$50.7M
5
ADM icon
Archer Daniels Midland
ADM
+$49M

Sector Composition

Rank Sector Weight
1 Technology 18.35%
2 Financials 9.67%
3 Healthcare 8.91%
4 Consumer Discretionary 7.95%
5 Industrials 7.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CP icon
51
Canadian Pacific Kansas City
CP
$82.2B
$84.7M 0.34%
1,136,851
+113,270
+11% +$8.98M
CRM icon
52
Salesforce
CRM
$157B
$83.7M 0.34%
412,761
-49,160
-11% -$10.6M
ORCL icon
53
Oracle
ORCL
$442B
$79.3M 0.32%
748,507
+204,486
+38% +$23.7M
EWC icon
54
iShares MSCI Canada ETF
EWC
$6.5B
$78.3M 0.32%
2,338,668
+1,295,730
+124% +$44.9M
PFE icon
55
Pfizer
PFE
$153B
$77.8M 0.31%
2,344,490
-785,917
-25% -$27.8M
BAC icon
56
Bank of America
BAC
$448B
$76.7M 0.31%
2,799,623
-949,145
-25% -$28.1M
NFLX icon
57
Netflix
NFLX
$319B
$74.3M 0.3%
1,966,440
-279,340
-12% -$11.8M
AMD icon
58
Advanced Micro Devices
AMD
$803B
$73.4M 0.3%
713,882
-176,570
-20% -$19.2M
DHR icon
59
Danaher
DHR
$143B
$73.3M 0.3%
333,481
-50,333
-13% -$11.2M
EIDO icon
60
iShares MSCI Indonesia ETF
EIDO
$484M
$73M 0.29%
3,277,104
– –
GE icon
61
GE Aerospace
GE
$374B
$72.9M 0.29%
826,354
+188,388
+30% +$16.9M
CNI icon
62
Canadian National Railway
CNI
$77.1B
$72.2M 0.29%
664,461
– –
RY icon
63
Royal Bank of Canada
RY
$297B
$69.7M 0.28%
794,392
– –
BKLN icon
64
Invesco Senior Loan ETF
BKLN
$6.76B
$69.5M 0.28%
3,312,300
-757,900
-19% -$16M
ABT icon
65
Abbott
ABT
$192B
$69.1M 0.28%
713,984
+154,043
+28% +$16.2M
SCZ icon
66
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.6B
$68.9M 0.28%
1,221,000
+704,870
+137% +$41.6M
THD icon
67
iShares MSCI Thailand ETF
THD
$354M
$68.6M 0.28%
1,097,275
– –
AMGN icon
68
Amgen
AMGN
$226B
$68.2M 0.28%
253,857
+22,199
+10% +$5.54M
COP icon
69
ConocoPhillips
COP
$150B
$65.8M 0.27%
549,390
+286,192
+109% +$33.2M
ANGL icon
70
VanEck Fallen Angel High Yield Bond ETF
ANGL
$3.12B
$65.7M 0.27%
2,429,600
-840,000
-26% -$23.1M
SPGI icon
71
S&P Global
SPGI
$122B
$65.6M 0.26%
179,499
+26,325
+17% +$10.4M
CAT icon
72
Caterpillar
CAT
$394B
$64.7M 0.26%
237,005
-41,306
-15% -$11.2M
TD icon
73
Toronto Dominion Bank
TD
$204B
$63.5M 0.26%
1,049,355
– –
TMO icon
74
Thermo Fisher Scientific
TMO
$222B
$62.4M 0.25%
123,366
+9,236
+8% +$4.92M
PM icon
75
Philip Morris
PM
$296B
$60.4M 0.24%
652,832
+249,736
+62% +$24M
1 2
3
4 5

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State of Tennessee, Department of Treasury's Q3 2023 Portfolio in Review

As of Q3 2023, State of Tennessee, Department of Treasury held 1,768 positions worth $24.8B, up 3.6% from $23.9B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

State of Tennessee, Department of Treasury deployed $1.84B of net new capital in Q3 2023, opening 61 new positions and adding to 590 existing holdings. Its largest new stake was Kenvue: 1,004,827 shares worth $20.2M.

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

On the sell side, the largest reduction was Marathon Petroleum, an estimated $71M trimmed.

  • State of Tennessee, Department of Treasury's largest Q3 2023 buy was Kenvue: 1,004,827 shares worth $20.2M.
  • State of Tennessee, Department of Treasury added most to Vanguard Morningstar Total Stock Market ETF in Q3 2023, an estimated $602M increase.
  • State of Tennessee, Department of Treasury's biggest Q3 2023 reduction was Marathon Petroleum, cutting an estimated $71M.
  • State of Tennessee, Department of Treasury fully exited State Street Consumer Staples Select Sector SPDR ETF in Q3 2023, selling an estimated $23.5M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 26% of its $24.8B portfolio in Q3 2023.
  • State of Tennessee, Department of Treasury opened 61 new positions and closed 169 in Q3 2023.
  • State of Tennessee, Department of Treasury's portfolio value rose 3.6% quarter-over-quarter to $24.8B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q3 2023, filed 14 Nov 2023.