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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
ACLS icon
751
Axcelis
ACLS
$4.29B
$2.61M 0.01%
20,134
+1,423
+8% +$196K
LUV icon
752
Southwest Airlines
LUV
$21.7B
$2.59M 0.01%
89,807
– –
IBP icon
753
Installed Building Products
IBP
$6.46B
$2.59M 0.01%
14,152
+1,861
+15% +$261K
MKC icon
754
McCormick & Company Non-Voting
MKC
$14.7B
$2.59M 0.01%
37,814
-47,800
-56% -$3.13M
ENSG icon
755
The Ensign Group
ENSG
$10.6B
$2.57M 0.01%
22,947
-3,224
-12% -$333K
ANF icon
756
Abercrombie & Fitch
ANF
$4.86B
$2.56M 0.01%
29,072
– –
SNX icon
757
TD Synnex
SNX
$20.6B
$2.56M 0.01%
23,757
+1,063
+5% +$104K
NFG icon
758
National Fuel Gas
NFG
$7.81B
$2.55M 0.01%
50,836
+42,563
+514% +$2.2M
FLR icon
759
Fluor
FLR
$7.04B
$2.55M 0.01%
+65,101
New +$2.41M
IOSP icon
760
Innospec
IOSP
$2.31B
$2.55M 0.01%
20,658
+6,546
+46% +$697K
RDN icon
761
Radian Group
RDN
$4.95B
$2.54M 0.01%
88,886
+26,389
+42% +$695K
AVAV icon
762
AeroVironment
AVAV
$9.69B
$2.53M 0.01%
20,073
+1,195
+6% +$146K
AQN icon
763
Algonquin Power & Utilities
AQN
$4.5B
$2.53M 0.01%
398,700
– –
OHI icon
764
Omega Healthcare
OHI
$14.1B
$2.52M 0.01%
82,100
– –
DV icon
765
DoubleVerify
DV
$2.04B
$2.52M 0.01%
68,398
+10,468
+18% +$326K
HAE icon
766
Haemonetics
HAE
$4.14B
$2.51M 0.01%
29,373
-13,166
-31% -$1.14M
NJR icon
767
New Jersey Resources
NJR
$5.64B
$2.51M 0.01%
56,331
+30,731
+120% +$1.31M
CINF icon
768
Cincinnati Financial
CINF
$26.6B
$2.51M 0.01%
24,230
-42,717
-64% -$4.34M
OLLI icon
769
Ollie's Bargain Outlet
OLLI
$4.64B
$2.5M 0.01%
33,000
+18,000
+120% +$1.36M
IEX icon
770
IDEX
IEX
$17.6B
$2.5M 0.01%
11,530
-24,914
-68% -$5.03M
EHC icon
771
Encompass Health
EHC
$12.2B
$2.49M 0.01%
37,392
+9,500
+34% +$615K
CUBE icon
772
CubeSmart
CUBE
$9.39B
$2.49M 0.01%
+53,700
New +$2.11M
DGX icon
773
Quest Diagnostics
DGX
$25.9B
$2.49M 0.01%
18,046
– –
LSCC icon
774
Lattice Semiconductor
LSCC
$18.5B
$2.48M 0.01%
36,000
-8,917
-20% -$592K
MMSI icon
775
Merit Medical Systems
MMSI
$5.41B
$2.48M 0.01%
32,676
+949
+3% +$66.2K
29 30
31
32 33

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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.