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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
(+4.1%)
Cap. Flow
-$287M
Cap. Flow
% of AUM
-0.92%
Top 10 Holdings %
Top 10 Hldgs %
28.36%
Holding
1,819
New
92
Increased
472
Reduced
1,140
Closed
92
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSMC
TSM
|
+$211M |
| 2 |
Applovin
APP
|
+$43.1M |
| 3 |
Sea Limited
SE
|
+$26M |
| 4 |
TotalEnergies
TTE
|
+$25.5M |
| 5 |
CRH
CRH
|
+$25.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI Taiwan ETF
EWT
|
+$244M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$88.6M |
| 3 |
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
|
+$69.2M |
| 4 |
Ferrari
RACE
|
+$54.5M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
951
Protagonist Therapeutics
PTGX
$10B
| $1.92M | 0.01% |
23,526
-2,964
| -11% | -$243K |
|
952
BrightSpring Health Services
BTSG
$12.2B
| $1.91M | 0.01% |
+48,756
| New | +$1.64M |
|
953
Cavco Industries
CVCO
$4.65B
| $1.91M | 0.01% |
3,891
-131
| -3% | -$74.2K |
|
954
Enpro
NPO
$7.27B
| $1.91M | 0.01% |
8,014
-1,095
| -12% | -$242K |
|
955
Bank OZK
OZK
$5.72B
| $1.91M | 0.01% |
40,233
-1,723
| -4% | -$80.6K |
|
956
Boyd Gaming
BYD
$6.11B
| $1.91M | 0.01% |
22,614
-2,616
| -10% | -$216K |
|
|
MASI
957
DELISTED
Masimo
MASI
| $1.91M | 0.01% |
13,918
-596
| -4% | -$85.3K |
|
958
Banner Corp
BANR
$2.52B
| $1.91M | 0.01% |
30,827
+22,392
| +265% | +$1.41M |
|
959
Vontier
VNT
$4.44B
| $1.9M | 0.01% |
50,758
-2,174
| -4% | -$83.2K |
|
960
Artisan Partners
APAM
$2.99B
| $1.9M | 0.01% |
42,627
-2,650
| -6% | -$113K |
|
961
Palomar
PLMR
$3.37B
| $1.89M | 0.01% |
15,275
+971
| +7% | +$119K |
|
962
Mohawk Industries
MHK
$9.49B
| $1.88M | 0.01% |
15,915
+609
| +4% | +$69.9K |
|
963
Badger Meter
BMI
$3.79B
| $1.88M | 0.01% |
12,835
-1,061
| -8% | -$191K |
|
|
VSXY
964
Victoria's Secret
VSXY
$7.08B
| $1.88M | 0.01% |
34,493
+1,771
| +5% | +$70.3K |
|
965
AZZ Inc
AZZ
$4.55B
| $1.88M | 0.01% |
15,092
-1,417
| -9% | -$147K |
|
966
Radian Group
RDN
$4.98B
| $1.88M | 0.01% |
57,009
+15,438
| +37% | +$539K |
|
967
Yeti Holdings
YETI
$3.38B
| $1.88M | 0.01% |
41,023
-5,564
| -12% | -$214K |
|
968
Celanese
CE
$5.01B
| $1.87M | 0.01% |
42,083
+313
| +0.7% | +$12.8K |
|
969
Novanta
NOVT
$6.3B
| $1.87M | 0.01% |
13,897
-595
| -4% | -$67.8K |
|
970
Macy's
M
$6.16B
| $1.87M | 0.01% |
93,262
-3,994
| -4% | -$81.8K |
|
971
GoDaddy
GDDY
$12B
| $1.87M | 0.01% |
18,565
-16,355
| -47% | -$2.12M |
|
972
Lennox International
LII
$14.6B
| $1.86M | 0.01% |
3,765
-101
| -3% | -$50.6K |
|
973
Silicon Laboratories
SLAB
$7.29B
| $1.86M | 0.01% |
13,040
-558
| -4% | -$73.4K |
|
974
Mirion Technologies
MIR
$3.96B
| $1.85M | 0.01% |
74,501
+17,081
| +30% | +$426K |
|
975
Duolingo
DUOL
$6.21B
| $1.84M | 0.01% |
13,759
-2,089
| -13% | -$492K |
|
Similar funds
GAM
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.