We are live on ! Find out more
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
+4.74%
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
$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
MSA icon
826
Mine Safety
MSA
$7.29B
$2.51M 0.01%
14,149
-606
-4% -$98.7K
VSNT
827
Versant Media Group
VSNT
$5.54B
$2.51M 0.01%
+76,900
New +$3.58M
FAF icon
828
First American
FAF
$7.51B
$2.49M 0.01%
39,452
-1,689
-4% -$106K
BR icon
829
Broadridge
BR
$19.5B
$2.49M 0.01%
12,635
-12,470
-50% -$2.84M
SR icon
830
Spire
SR
$4.9B
$2.49M 0.01%
29,469
-1,262
-4% -$108K
AMKR icon
831
Amkor Technology
AMKR
$14.6B
$2.49M 0.01%
51,501
+8,407
+20% +$299K
SEE
832
DELISTED
Sealed Air
SEE
$2.49M 0.01%
59,430
-9,386
-14% -$363K
AES icon
833
AES
AES
$10.5B
$2.48M 0.01%
169,520
+15,661
+10% +$221K
TCBI icon
834
Texas Capital Bancshares
TCBI
$4.39B
$2.48M 0.01%
24,534
+3,199
+15% +$281K
SWK icon
835
Stanley Black & Decker
SWK
$15.4B
$2.47M 0.01%
31,353
-11,241
-26% -$792K
ESAB icon
836
ESAB
ESAB
$5.31B
$2.47M 0.01%
20,357
-871
-4% -$99.7K
PTCT icon
837
PTC Therapeutics
PTCT
$6.02B
$2.46M 0.01%
+32,634
New +$2.37M
ESNT icon
838
Essent Group
ESNT
$6.23B
$2.46M 0.01%
39,081
-1,673
-4% -$104K
HQY icon
839
HealthEquity
HQY
$8.76B
$2.45M 0.01%
28,634
-6,660
-19% -$638K
SWKS icon
840
Skyworks Solutions
SWKS
$10.4B
$2.45M 0.01%
43,950
+4,036
+10% +$282K
BRC icon
841
Brady Corp
BRC
$4.44B
$2.45M 0.01%
28,287
+6,814
+32% +$527K
MC icon
842
Moelis & Co
MC
$5.07B
$2.44M 0.01%
34,110
-6,129
-15% -$409K
VFC icon
843
VF Corp
VFC
$5.85B
$2.44M 0.01%
124,661
-5,339
-4% -$86.5K
ENVA icon
844
Enova International
ENVA
$6.65B
$2.43M 0.01%
14,728
-2,765
-16% -$360K
ACI icon
845
Albertsons Companies
ACI
$6.04B
$2.43M 0.01%
145,895
-6,249
-4% -$111K
TTD icon
846
Trade Desk
TTD
$6.65B
$2.43M 0.01%
80,022
-21,347
-21% -$946K
GAP
847
The Gap Inc
GAP
$7.44B
$2.43M 0.01%
86,733
-3,715
-4% -$90K
ALK icon
848
Alaska Air
ALK
$5.12B
$2.42M 0.01%
47,688
-2,042
-4% -$94.4K
FORM icon
849
FormFactor
FORM
$10.2B
$2.42M 0.01%
34,275
+10,418
+44% +$525K
VLTO icon
850
Veralto
VLTO
$23.8B
$2.41M 0.01%
24,343
-25,214
-51% -$2.55M
32 33
34
35 36

Similar funds

GAM
Gotham Asset Management New York $32.7B AUM 27.65% 1-Year Est. Return
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return
Alyeska Investment Group
Alyeska Investment Group Chicago, Illinois $35.4B AUM 33.54% 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
Gates Foundation Trust
Gates Foundation Trust Kirkland, Washington $31.7B AUM 20.52% 1-Year Est. Return
Viking Global Investors
Viking Global Investors Stamford, Connecticut $35.7B AUM 21.3% 1-Year Est. Return
First Manhattan
First Manhattan New York $36.1B AUM 11.5% 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

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.