We are live on ! Find out more
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
+4.74%
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
$31.3B
AUM Growth
+$1.24B
Cap. Flow
-$287M
Cap. Flow %
-0.92%
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$211M
2
APP icon
Applovin
APP
+$43.1M
3
SE icon
Sea Limited
SE
+$26M
4
TTE icon
TotalEnergies
TTE
+$25.5M
5
CRH icon
CRH
CRH
+$25.3M

Top Sells

Rank Stock Value
1
EWT icon
iShares MSCI Taiwan ETF
EWT
+$244M
2
HYG icon
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
+$88.6M
3
SHYG icon
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
+$69.2M
4
RACE icon
Ferrari
RACE
+$54.5M
5
INDA icon
iShares MSCI India ETF
INDA
+$43.8M

Sector Composition

Rank Sector Weight
1 Technology 24.95%
2 Financials 11.36%
3 Consumer Discretionary 8.16%
4 Communication Services 7.8%
5 Industrials 7.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXLS icon
751
EXL Service
EXLS
$5.3B
$3.03M 0.01%
77,442
-3,317
-4% -$136K
GIS icon
752
General Mills
GIS
$21B
$3.03M 0.01%
65,447
-1,763
-3% -$83.8K
IBP icon
753
Installed Building Products
IBP
$6.46B
$3.02M 0.01%
10,476
-1,379
-12% -$357K
KEX icon
754
Kirby Corp
KEX
$7.28B
$3.02M 0.01%
25,638
+9,868
+63% +$1M
ONB icon
755
Old National Bancorp
ONB
$10.4B
$3.02M 0.01%
123,478
-5,288
-4% -$114K
CADE
756
DELISTED
Cadence Bank
CADE
$3.02M 0.01%
71,625
-3,067
-4% -$121K
DAR icon
757
Darling Ingredients
DAR
$10.5B
$3M 0.01%
65,665
-2,812
-4% -$95.2K
ENSG icon
758
The Ensign Group
ENSG
$10.6B
$3M 0.01%
17,455
+2,765
+19% +$497K
PLNT icon
759
Planet Fitness
PLNT
$3.86B
$2.98M 0.01%
32,774
-1,403
-4% -$144K
INGR icon
760
Ingredion
INGR
$6.6B
$2.98M 0.01%
25,249
-1,081
-4% -$122K
ALGN icon
761
Align Technology
ALGN
$12.9B
$2.98M 0.01%
18,267
+10,048
+122% +$1.44M
MKTX icon
762
MarketAxess Holdings
MKTX
$5.72B
$2.97M 0.01%
17,573
-3,564
-17% -$608K
MTG icon
763
MGIC Investment
MTG
$6.36B
$2.96M 0.01%
109,967
-2,181
-2% -$61.3K
NFG icon
764
National Fuel Gas
NFG
$7.81B
$2.95M 0.01%
35,200
-6,213
-15% -$512K
MUSA icon
765
Murphy USA
MUSA
$10.5B
$2.95M 0.01%
6,975
-298
-4% -$114K
R icon
766
Ryder
R
$10.1B
$2.95M 0.01%
15,402
-5,052
-25% -$908K
LAD icon
767
Lithia Motors
LAD
$8.29B
$2.94M 0.01%
9,088
-389
-4% -$124K
JBTM
768
JBT Marel
JBTM
$6.24B
$2.93M 0.01%
18,653
+1,119
+6% +$158K
ALGM icon
769
Allegro MicroSystems
ALGM
$8.21B
$2.92M 0.01%
79,237
-7,394
-9% -$203K
POR icon
770
Portland General Electric
POR
$5.96B
$2.92M 0.01%
58,187
-2,492
-4% -$118K
WTS icon
771
Watts Water Technologies
WTS
$12.8B
$2.91M 0.01%
9,736
-417
-4% -$115K
ESI icon
772
Element Solutions
ESI
$9.51B
$2.9M 0.01%
99,678
-6,158
-6% -$160K
CGNX icon
773
Cognex
CGNX
$11B
$2.9M 0.01%
74,840
+18,820
+34% +$762K
EMN icon
774
Eastman Chemical
EMN
$8.48B
$2.88M 0.01%
41,572
+28,034
+207% +$1.73M
NNN icon
775
NNN REIT
NNN
$8.87B
$2.86M 0.01%
68,738
-2,944
-4% -$121K
29 30
31
32 33

Similar funds

Eagle Capital Management (New York)
Eagle Capital Management (New York) New York $29.8B AUM 12.13% 1-Year Est. Return
Coatue Management
Coatue Management New York $29.1B AUM 96.54% 1-Year Est. Return
Hudson Bay Capital Management
Hudson Bay Capital Management Stamford, Connecticut $29B AUM 30.2% 1-Year Est. Return
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS) Columbus, Ohio $30.9B AUM 29.72% 1-Year Est. Return
N
Natixis Paris, France $28B AUM 26.79% 1-Year Est. Return
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return
Treasurer of the State of North Carolina
Treasurer of the State of North Carolina Raleigh, North Carolina $31.8B AUM 28.93% 1-Year Est. Return
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

State of Tennessee, Department of Treasury's Q4 2025 Portfolio in Review

As of Q4 2025, State of Tennessee, Department of Treasury held 1,819 positions worth $31.3B, up 4.1% from $30B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

State of Tennessee, Department of Treasury's Q4 2025 filing shows 92 new, 472 increased, 1,140 reduced and 92 closed positions. Its largest new stake was TSMC: 718,960 shares worth $238M. The largest sale was iShares MSCI Taiwan ETF, an estimated $244M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.

  • State of Tennessee, Department of Treasury's largest Q4 2025 buy was TSMC: 718,960 shares worth $238M.
  • State of Tennessee, Department of Treasury added most to Applovin in Q4 2025, an estimated $43.1M increase.
  • State of Tennessee, Department of Treasury's biggest Q4 2025 reduction was iShares MSCI Taiwan ETF, cutting an estimated $244M.
  • State of Tennessee, Department of Treasury fully exited iShares 0-5 Year High Yield Corporate Bond ETF in Q4 2025, selling an estimated $69.2M.
  • State of Tennessee, Department of Treasury's ten largest holdings make up 28% of its $31.3B portfolio in Q4 2025.
  • State of Tennessee, Department of Treasury opened 92 new positions and closed 92 in Q4 2025.
  • State of Tennessee, Department of Treasury's portfolio value rose 4.1% quarter-over-quarter to $31.3B.

Based on State of Tennessee, Department of Treasury's 13F filing for Q4 2025, filed 18 Feb 2026.