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State of Tennessee, Department of Treasury

State of Tennessee, Department of Treasury Portfolio holdings

AUM $33.7B
1-Year Est. Return 43.08%
This Fund
S&P 500
This Quarter Est. Return
+12.23%
1 Year Est. Return
+43.08%
3 Year Est. Return
+116.67%
5 Year Est. Return
+147.93%
10 Year Est. Return
+559.47%
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
BRKR icon
826
Bruker
BRKR
$8.76B
$2.2M 0.01%
30,000
– –
NSIT icon
827
Insight Enterprises
NSIT
$4.55B
$2.2M 0.01%
12,419
+808
+7% +$126K
GXO icon
828
GXO Logistics
GXO
$5.58B
$2.18M 0.01%
35,719
-31,243
-47% -$1.75M
FUL icon
829
H.B. Fuller
FUL
$3.36B
$2.18M 0.01%
26,740
– –
INGR icon
830
Ingredion
INGR
$6.61B
$2.18M 0.01%
+20,045
New +$2.01M
ABG icon
831
Asbury Automotive
ABG
$3.79B
$2.17M 0.01%
9,630
-2,684
-22% -$567K
SNV
832
DELISTED
Synovus
SNV
$2.16M 0.01%
57,500
– –
H icon
833
Hyatt Hotels
H
$17B
$2.16M 0.01%
+16,600
New +$1.88M
NXST icon
834
Nexstar Media Group
NXST
$5.86B
$2.16M 0.01%
13,802
+2,000
+17% +$293K
WBS icon
835
Webster Financial
WBS
$12.8B
$2.15M 0.01%
42,400
+16,400
+63% +$709K
GHC icon
836
Graham Holdings Company
GHC
$5.02B
$2.14M 0.01%
3,079
– –
ALE
837
DELISTED
Allete
ALE
$2.14M 0.01%
+35,061
New +$1.97M
WOLF icon
838
Wolfspeed
WOLF
$1.65B
$2.14M 0.01%
49,217
-10,134
-17% -$368K
HP icon
839
Helmerich & Payne
HP
$4.42B
$2.14M 0.01%
59,100
– –
K
840
DELISTED
Kellanova
K
$2.14M 0.01%
38,264
-2,487
-6% -$130K
EPRT icon
841
Essential Properties Realty Trust
EPRT
$6.72B
$2.14M 0.01%
83,539
+201
+0.2% +$4.66K
PRGO icon
842
Perrigo
PRGO
$1.8B
$2.13M 0.01%
66,259
+14,000
+27% +$418K
RVTY icon
843
Revvity
RVTY
$13B
$2.13M 0.01%
19,461
-51,163
-72% -$4.93M
COTY icon
844
Coty
COTY
$2.51B
$2.12M 0.01%
+170,420
New +$1.84M
CNH
845
CNH Industrial
CNH
$16.8B
$2.11M 0.01%
172,661
-472,533
-73% -$5.28M
GME icon
846
GameStop
GME
$8.37B
$2.11M 0.01%
120,300
+69,000
+135% +$1.01M
ALKS icon
847
Alkermes
ALKS
$8.27B
$2.1M 0.01%
+75,793
New +$1.97M
TPH
848
DELISTED
Tri Pointe Homes
TPH
$2.1M 0.01%
59,201
-12,305
-17% -$357K
FELE icon
849
Franklin Electric
FELE
$4.67B
$2.09M 0.01%
21,659
-1,086
-5% -$97.5K
CAG icon
850
Conagra Brands
CAG
$7.5B
$2.09M 0.01%
72,886
– –
32 33
34
35 36

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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.