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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
MCD icon
51
McDonald's
MCD
$193B
$95.4M 0.37%
321,715
-14,000
-4% -$3.81M
CP icon
52
Canadian Pacific Kansas City
CP
$82.3B
$92.6M 0.36%
1,168,306
+31,455
+3% +$2.3M
WFC icon
53
Wells Fargo
WFC
$266B
$92.4M 0.36%
1,877,103
-350,210
-16% -$15.1M
NFLX icon
54
Netflix
NFLX
$320B
$91.9M 0.36%
1,886,800
-79,640
-4% -$3.48M
INTC icon
55
Intel
INTC
$531B
$90.2M 0.35%
1,794,691
+263,153
+17% +$10.7M
CSCO icon
56
Cisco
CSCO
$445B
$85M 0.33%
1,682,115
-161,702
-9% -$8.26M
TMO icon
57
Thermo Fisher Scientific
TMO
$222B
$84.4M 0.33%
159,098
+35,732
+29% +$17.3M
CNI icon
58
Canadian National Railway
CNI
$77.2B
$83.8M 0.33%
664,461
– –
ABT icon
59
Abbott
ABT
$193B
$82.7M 0.32%
751,696
+37,712
+5% +$3.77M
SPGI icon
60
S&P Global
SPGI
$122B
$81.1M 0.32%
184,093
+4,594
+3% +$1.81M
RY icon
61
Royal Bank of Canada
RY
$298B
$80.7M 0.32%
794,392
– –
GE icon
62
GE Aerospace
GE
$374B
$78.1M 0.31%
767,040
-59,314
-7% -$5.5M
CMCSA icon
63
Comcast
CMCSA
$91.9B
$76.8M 0.3%
1,752,466
-194,834
-10% -$8.35M
EIDO icon
64
iShares MSCI Indonesia ETF
EIDO
$484M
$73.1M 0.29%
3,277,104
– –
QCOM icon
65
Qualcomm
QCOM
$172B
$72.8M 0.29%
503,365
+42,636
+9% +$5.28M
INTU icon
66
Intuit
INTU
$92.3B
$71.9M 0.28%
114,998
-1,048
-0.9% -$578K
UNP icon
67
Union Pacific
UNP
$176B
$71M 0.28%
288,894
+1,936
+0.7% +$426K
BA icon
68
Boeing
BA
$181B
$70.8M 0.28%
271,516
+12,959
+5% +$2.77M
THD icon
69
iShares MSCI Thailand ETF
THD
$354M
$70.1M 0.27%
1,097,275
– –
DIS icon
70
Walt Disney
DIS
$180B
$69.9M 0.27%
774,234
+48,875
+7% +$4.31M
DHR icon
71
Danaher
DHR
$143B
$68.7M 0.27%
296,875
-36,606
-11% -$7.79M
TD icon
72
Toronto Dominion Bank
TD
$204B
$68.1M 0.27%
1,049,355
– –
VZ icon
73
Verizon
VZ
$198B
$67.3M 0.26%
1,785,592
+518,148
+41% +$18.3M
AMGN icon
74
Amgen
AMGN
$227B
$67M 0.26%
232,562
-21,295
-8% -$5.8M
ORCL icon
75
Oracle
ORCL
$445B
$67M 0.26%
635,073
-113,434
-15% -$12.4M
1 2
3
4 5

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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.